In this course, the steps involved in creating a retirement plan that will provide sufficient income over a person’s lifetime are reviewed. By the end of this course, students will be able to:
- describe the retirement goals common to many retirees
- calculate approximately how much money clients will need during retirement
- list the three most common sources of retirement income, determine how to allocate clients’ assets among different types of investments and the order in which they should be liquidated, and recommend investment products and strategies for ensuring that clients receive lifetime income