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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

LOMA | Evaluated Learning Experience

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Retirement Savings and Investments (SRI 121)

Location: 

Independent study and proficiency examination program administered from the central offices of LOMA.

Length: 

Varies- independent study. 

Dates: 

November 2014 - Present. 

Instructional delivery format: 
Online/distance learning
Learner Outcomes: 

Upon successful completion of this course, students will be able to: differentiate between the various types of annuities and 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 non-qualified 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; and describe the primary advantages and disadvantages of using personal investments as retirement savings and income products.

Instruction: 

SRI 121 is an online interactive course that describes the range of individual and group products and plans that individuals use to save and/or provide an income for retirement, as well as their advantages and disadvantages for taxation. Various types of annuities, individual investments, IRAs, and employer-sponsored retirement plans are examined in detail.

Credit recommendation: 

In the lower division baccalaureate/associate degree category OR in the upper division baccalaureate degree category, 3 semester hours in Business Administration (11/14) (3/20 revalidation). 

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