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.