LOMA | Evaluated Learning Experience
Retirement Savings and Investments (SRI 121)
Independent study and proficiency examination program administered from the central offices of LOMA.
Varies- independent study.
November 2014 - Present.
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.
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.
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).