Basics of Retirement Planning


This course focuses on the basics of developing a retirement plan. A sound plan defines the retirement need through quantitative as well as qualitative data and analysis. The course offers a step-by-step approach that is intended to establish assumptions and goals for a basic retirement plan; determine a future annual income need and the capital required to produce that income; and estimate the annual savings needed to meet the future capital and income goal.

Learning Objectives

Students who successfully complete this course will be able to:

  • establish for a retirement plan the number of years to retirement, length of retirement, rate of inflation, and rate of return on invested retirement funds
  • estimate the annual retirement income need and convert this income need into future dollars
  • apply to the future income need the amounts that will be available from “guaranteed” sources such as Social Security and pension benefits
  • convert the annual retirement income need into a capital amount
  • determine the “yet-to-be-funded” retirement accumulation
  • estimate the annual savings or contributions needed to accumulate the retirement fund goal

Designed For

Retail, Investment Advisory

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