Enrolled Agent Exam [Part 1] 15, Retirement Income - Pensions and Annuities

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • How to differentiate between fully and partially taxable pension distributions based on contributions. • The step-by-step calculation for the taxable portion of an annuity using the Simplified Method. • How to interpret key distribution codes on Form 1099-R, such as Code 1 for early distributions. • The most common, testable exceptions to the 10% early withdrawal penalty, including disability and medical expenses. • Why a checked Box 2b on Form 1099-R is a critical signal that you must calculate the taxable amount. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep