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SIE final review Part 3 - Coggle Diagram

- - - - Key difference: UTMA allows a wider range of assets (real estate, etc.), UGMA is more limited.
  - - - Traditional IRA → individual retirement account, pre-tax contributions
      - 403(b) Plan / TSA (Tax-Sheltered Annuity): For employees of public schools, nonprofits, and 501(c)(3) organizations., Contributions are pre-tax, grow tax-deferred
      - Corporate Retirement Plans (Qualified): Employer contributes a percentage of employee’s base salary/pay, Contributions are tax-deductible, grow tax-deferred
- - - - Governs the issuance of new securities.
      - Requires registration statement & prospectus for new offerings.
      - Cooling-off period: 20 days minimum between filing and effective date, no sales allowed
      - Goal: Provide full and fair disclosure to investors in the primary market.
  - - - Currency Transaction Report (CTR): Filed for cash transactions > $10,000.
      - Suspicious Activity Report (SAR): Filed for suspicious transactions > $5,000.
- - - - Exception: No RMDs required during the original owner’s lifetime / Withdrawals are tax-free if: Account has been open ≥ 5 years, and Age ≥ 59½ (or exception applies).