Retirement Planning Strategies

Study Level:  Intermediate
Delivery Method: Online Self-Study
Field of Study: Specialized Knowledge/Personal Financial Planning
Prerequisites: There is no formal prerequisite for this course; however, an understanding of qualified plans and financial products would be beneficial.

This course provides a thorough orientation to the concept of retirement planning and how the financial professional —through the products and services he or she offers—can help consumers plan for this vital stage of their lives. The course focuses on products and plans that are specifically designed to accumulate and distribute retirement funds and ensure financial security for late-life health care needs. The course covers the many plans that are available for accumulating retirement savings, and the types of investment products that can be used to fund a qualified retirement plan. Also addressed is the complex topic of retirement plan distributions and the many rules and regulations that surround this issue. Finally, the course addresses the subject of health care for the retiree, and the available plans that cover this need, including Medicare, Medicare supplement policies and long-term care insurance policies.

This is an intermediate level course. Upon completion, the student will be able to:

  • concept a retirement income savings plan that specifies a targeted accumulation goal
  • demonstrate an understanding of the basics of Social Security and how, for most, this program continues to be the foundation for retirement income
  • differentiate among the various types of qualified plans available through an employer—their features, benefits, and limitations
  • identify the types of qualified plans designed specifically for the small business owner
  • articulate the distinctions between traditional and Roth IRAs and when (and how) they can be properly employed to accumulate retirement funds
  • demonstrate an understanding of the basics of stocks, mutual funds, bonds, and annuities and how they can be used as funding vehicles for retirement plans
  • demonstrate an understanding of the fundamental rules regarding early and required retirement plan distributions (and the associated penalties for noncompliance)
  • outline the need to include health-care planning in a retirement plan and cite the various public and private plans available for this purpose
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