IRA Overview (Self-Paced Online) Course

CFT Credits: 0.25

This IRA training course explains the regulations that govern IRA contributions; distribution rules; and IRA-to-IRA rollovers, IRA-to-IRA transfers, and direct rollovers (see complete description below).

Estimated time to complete: 30-90 minutes

Click Here for Course Description and Audience

This online IRA course is self-paced and does not include instructor facilitation.

Part 1:  IRA Contributions

This IRA training course explains the regulations that govern IRA contributions.  This includes traditional IRA contributions, Roth IRA contributions, rollovers, transfers, excess contributions, recharacterizations, and conversions.


  • Explain the regulations, deadlines, and reporting requirements for traditional and Roth IRA contributions.
  • Describe the rules regarding rollovers, transfers, excess contributions, unwanted contributions, conversions, recharacterizations, and reconversions.

Part 2:  IRA Distributions

This training course focuses on IRA distribution rules, beginning with basic IRA distribution information and, in addition, covering distribution documentation and reporting as well as the responsibilities of IRA owners and financial organizations serving as IRA custodians/trustees. There are several types of IRA distributions, each with unique rules and reporting requirements. An IRA owner and his or her IRA custodian/trustee share the responsibility for compliance with IRA distribution rules and reporting requirements. This course presents the different IRA distribution types and the appropriate documentation and IRS reporting requirements for each.

Note:  This course examines distributions from traditional IRAs and Roth IRAs. The rules for Savings Incentive Match Plans for Employees of Small Employers (SIMPLE) IRA distributions essentially mirror the traditional IRA rules. Throughout the course, unless specifically noted, IRA means a traditional, Roth, or SIMPLE IRA.


  • Discuss the basic IRA distribution rules.
  • List exceptions to the penalty tax for early withdrawals.
  • Explain federal income tax withholding on IRA distributions.
  • Explain the Roth IRA distribution rules.
  • Describe the methods for correcting excess contributions.
  • Discuss IRA revocations, conversions, recharacterizations, and reconversions.
  • Define the effects of disability, death, and divorce on IRA distributions.

Part 3:  IRA Rollovers, Transfers, and Direct Rollovers

This training course explains the process, regulations, and required reporting for IRA-to-IRA rollovers, IRA-to-IRA transfers, and direct rollovers to and from qualified employer plans.


  • List the reasons an IRA owner would want to move assets.
  • Explain the IRA-to-IRA transfer process.
  • Recall the rules for IRA-to-IRA rollovers.
  • Describe how to move funds from qualified employer plans to IRAs.
  • Discuss how to move funds from IRAs to qualified employer plans.

Click Here for Diploma and Certificate Applications

Diplomas and Certificates Applicable to the IRA Overview course:

Click Here for Delivery Option Descriptions

Online Course Format

Your course will be facilitated by an instructor who will guide you through each lesson and is available to answer questions and provide feedback on your assignments. Each week, you will locate your assignment in your online classroom. The assignment will include:

• reading assigned chapter(s) in your textbook
• and one or more of the following: completing a short assignment and either forwarding the assignment electronically to your instructor, posting it on the electronic class Discussion Board, and completing a self-check.

The semester length courses will have a mid-term examination and a final examination. These examinations and quizzes will be administered electronically over the Internet. Your overall grade for the class will be based on your performance on the weekly assignments, mid-term examinations and the final examination.

Guided Self Study Format

Guided Self-Study Courses offered by the Center for Financial Training are student-friendly, college level courses that allow you to take control of your busy schedule. You will study on your own, however you will have a qualified instructor only a telephone call or e-mail away. Upon registering for a class, you will be mailed a textbook, a syllabus outlining your course, and your first open-book quiz. You will have four months (certain classes allow less than four months) from the starting date to complete your class. The starting date is three business days from the date books and related materials are mailed to you. An advisor at the CFT office will keep in touch with you to provide additional assistance to help keep you on schedule. Your exams (two per class) will be proctored by an officer or manager at your financial institution. Upon satisfactory completion of your class, you will, within days, receive your grade and the appropriate credits for the class, which are the same as though you had earned them by taking the course in a classroom or online.

Classroom Format

Evening classroom courses meet once each week for a total of 1 to 15 weeks depending on the topic. These courses are taught by qualified instructors with real-life experience from the financial services, legal, and academia sectors. Our faculty is comprised of credentialed professionals with a broad range of subject matter expertise who always present interactive and dynamic classroom experiences. They have significant experience in the field they are teaching, and most have advanced degrees. CFT faculty members are dedicated to helping students achieve their educational goals and actively serve as mentors for those seeking degree status.

Features and Benefits of CFT Live Evening Classroom Courses:

  • Discussion and dialogue are “face to face”
  • Student questions are answered immediately
  • Students learn first-hand about the on-the-job experiences of their classmates
  • Instructor assistance is always available – during class & after hours
  • Interactive “live” classroom environment
  • Students form peer groups that last a lifetime

In-House Format

Virtually any course or seminar that CFT offers can be brought onsite and taught to your employees at the most convenient time for your company. You can also purchase CFT curriculum and teach the course in-house with an internal instructor.

Register Here!

Choose the delivery option that best suits your needs. Tuition includes textbook (if applicable).
Live Class times are local time. You can choose to pay by credit card or invoice when you register.

Start DateStart TimeEnd DateEnd TimeOption/LocationInstructorTuition
AnyAnySelf-Paced Onlinefaculty$450.00Register