Retirement Income Distribution Planning

This course will educate the Certified Financial Planner about the process of planning for the distribution phase of retirement planning. Some of this planning occurs during the accumulation phase and some is deferred until distribution. The focus of the course is as follows: • Understand all of the most popular accumulation vehicles available for saving towards retirement and how asset allocation can help determine a suitable mix of theses vehicles. • Explore the various tax preferences available through different popular retirement savings plans such as: IRA, ROTH, SEP, SIMPLE, 401(k), 403(b), 457, and Defined Benefit Plans. Each of these plans will be compared and contrasted to understand when a particular plan would be beneficial. • To explore the required minimum distribution rules that many retirement plans fall under as well as methods to stretch the income stream through a judicious use of the distribution requirements. • To explain the demographics and risks that are part of the terrain in which retirement distribution occurs to better see how real world problems need to be accounted for in a well structured distribution plan. • To illuminate how Social Security, Medicare, and other government programs provide a basic layer of retirement benefits and insurance and when and how these benefits integrate with private, individual efforts. • To see how College savings may be utilized as a retirement income distribution vehicles as well as how college costs are often a big drain on retirement accumulation efforts during the accumulation phase.