Retirement Plans: Rapid Fire
Chapters in this video
- 0:00 IRAs: Traditional versus Roth and the no-loan rule
- 1:31 Roth conversions and the pro-rata blender trap
- 2:42 Solo 401(k): stacking employee and employer hats
- 4:32 Qualified versus nonqualified: the ERISA trade-off
- 5:15 SEP, SIMPLE, and the 457(b) no-penalty escape hatch
- 6:48 Rapid-fire exam recap
What this video covers
- Why Roth contributions face income limits but Roth conversions do not, and how to exploit that distinction on a high-income-client question
- How the pro-rata rule blends pre-tax and after-tax IRA money into a single proportional pool, preventing cherry-picked conversions
- When the 10% early-withdrawal penalty applies to Traditional IRA, 401(k), and 403(b) distributions, and why the 457(b) plan is the sole exception
- What qualified status actually purchases for the employer, including ERISA protection and creditor safeguards, plus the anti-discrimination trade-off
- How Solo 401(k) plans let the self-employed stack employee elective deferrals with employer profit-sharing to reach the combined dollar ceiling
- Why nonqualified plans sacrifice ERISA protection for the freedom to favor executives, and what happens if the sponsoring company fails
- The exact 2026 contribution limits, catch-up tiers, RMD start ages, and first-time-homebuyer exception dollar figure the exam swaps in answer choices
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 66 course also includes adaptive practice questions and spaced-repetition flashcards.