Retirement Planning

Course Description

This course has been developed to give the advisor (licensed agent) a complete guide in the retirement planning process. The course will focus on the five step retirement planning process and examine the various risk factors needed to be considered when developing a retirement plan for your client. It will examine the various sources of retirement income based on the three-legged stool (Social Security, Employer Sponsored Retirement Plans, Savings and IRAs) and introduce a fourth leg to the stool consisting of insurance products and working in retirement.

Learning Objectives

Upon completion of this course the student will be able to:

• Apply the five steps in the retirement planning process
• Identify the various risk factors and income sources in retirement planning
• Know the strategies to maximize social security benefits
• Describe the various types of qualified retirement plans available through an employer
• Distinguish between traditional and Roth IRAs and when (and how) they can be properly employed to accumulate retirement funds
• Outline the rules for qualified plans and IRA rollovers, early and required retirement plan distributions (and the associated penalties for noncompliance)
• Present the importance of planning for rising health care costs in retirement
• Discuss the various parts of Medicare, what it covers and does not cover
• Describe the triple tax-advantages of a Health Savings Account
• Introduce the need for LTC planning in retirement and the role of LTCI policies and Hybrid policies
• Describe how a Reverse Mortgage can be used as a supplemental income source

CFP Credit
Credit Hours:	10
Credit Type:	General Financial Planning Principles
Provider:	Broker Educational Sales & Training, Inc.
Provider #:	2155
Study Level:	Intermediate
Exam Details
Monitored:	No
Questions:	100
Passing Score:	70%
Retakes:	Unlimited