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SRI 121 — Retirement Savings and Investments

Course Type: Highly Interactive Online Course, Designation
Topics: Retirement & Annuities
Designations: ASRI, FSRI, FSRI Level I
Language: English



Overview

This online interactive course is designed to familiarize students with various retail and institutional financial products used to save and invest for retirement, as well as the tax implications of those products.

After completing this course, learners will be able to;

  • Differentiate between the various types of annuities and between the various types of investments and describe how each type of annuity and investment can be used as a retirement product
  • Explain how annuities and investments are taxed under U.S. federal tax laws
  • Differentiate between an individual retirement account and an individual retirement annuity and between a traditional individual retirement arrangement (IRA) and a Roth IRA
  • Identify who can contribute to a traditional IRA and a Roth IRA and describe how contributions to and distributions from these products are treated for federal tax purposes
  • Describe the advantages and disadvantages of nonqualified annuities, investments, traditional IRAs, and Roth IRAs as retirement products
  • Identify the general rules that apply to the taxation of qualified retirement plans
  • Differentiate between a defined benefit plan and a defined contribution plan and between a pension plan and a profit sharing plan, as well as among plans within each category
  • Describe other tax-advantaged retirement plans that can be used by small businesses
  • Explain the qualification requirements of all qualified plans and of certain types of qualified plans

Topics

  • Retirement Plans: Pension, Target-Benefit, 401(k), others
    • Types/Features
    • Qualification Rules
    • Benefits, Limitations, Taxation
    • Investment options for institutional clients
  • Retail Retirement Saving and Income Arrangements: Annuities, IRAs, Small Business Plans, and Nonqualified Plans
    • Investment options under Annuities, IRAs, Mutual Funds, Other Investments
    • Types/Features
    • Taxation, Benefits, Limitations
  • Differentiate between the various types of annuities and investments and describe how each type of annuity and investment is used as a retirement product.
  • Explain how annuities and investments are taxed under U.S. federal tax laws.
  • Differentiate between an individual retirement account and an individual retirement annuity and between a traditional individual retirement arrangement (IRA), and a Roth IRA.
  • Identify who can contribute to a traditional IRA and a Roth IRA and describe how contributions to, and distributions from, these products are treated for federal tax purposes.
  • Describe the advantages and disadvantages of nonqualified annuities, investments, traditional IRAs, and Roth IRAs as retirement products.
  • Identify the general rules that apply to the taxation of qualified retirement plans.
  • Differentiate between a defined benefit plan and a defined contribution plan and between a pension plan and a profit sharing plan, as well as among plans within each category.
  • Explain the qualification requirements of all qualified plans and of certain types of qualified plans.
  • Discuss the advantages and disadvantages of investing in stocks, mutual funds, and bonds for retirement.
  • Describe the primary advantages and disadvantages of using personal investments as retirement savings and income products.

Course Format

LOMA’s popular online interactive courses teach important industry concepts through an engaging, highly interactive, multi-media approach that often includes integrated video, audio and scenario-based learning. Online interactive courses are designation courses with integrated exams—the modularized examinations are built right into the course as part of the learning experience. No separate exam enrollment required!

Exam Format

Integrated Exams

Online interactive courses are non-proctored designation courses—the modularized examinations are built right into the course as part of the learning experience. No separate exam enrollment required!

How to Enroll

Enrolling in an Online Designation Course

  1. Log in to your LOMA Learning account using your login ID and password.
  2. Browse the Learning Catalog for the course for which you would like to enroll.
  3. Select ADD TO CART next to the items for which you would like to enroll.
  4. Return to the catalog to continue searching for courses and add additional items to your shopping cart, or click the shopping cart to check out.
    • Note: if you have not already done so, you will be prompted to log in to the LOMA learning system at this time. Once you have successfully logged in, click the shopping cart again to begin the checkout process.
     
  5. Review your shopping cart, and add any promotional or order discount code. Click CHECK OUT to proceed.
  6. If you are purchasing a physical product (example: a textbook), complete the SHIPPING information screen.
  7. Enter payment information
    • If your company has set up direct billing with LOMA, an account code will appear next to the “Bill My Company” field.
    • If you are using direct-to-company billing method, ensure that the radio button next to the “Bill My Company” field is selected and then click “Next” to continue.
    • If you are paying for your enrollment by credit card, enter all of the required fields for a credit card transaction. Once you have provided all of the required information, click “Next” to continue.
     
  8. Review your order, accept LOMA’s Terms and Conditions, and click BUY NOW. An enrollment confirmation will be emailed to you.

About the Program
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