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 Hours: 10
Price: $29.95
Updated: May 2020
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 |