Description
This course takes students through the process of building a retirement income plan. After an introduction to the facts-and-figures, the steps required to build a plan, and building a retirement income practice, the course reviews each of the areas that need to be addressed in a retirement income plan. This includes making a preliminary calculation of a client’s financial readiness for retirement, strategies for addressing any shortfalls, tax and legal issues that can derail the plan, stress-testing the plan by reviewing the retirement risks that retirees face, and developing the appropriate strategy for converting assets into income.
Learning Objectives
Create an effective retirement income plan
Identify retirement income needs evaluate the client’s current situation
Choose appropriate strategies to address gaps in income
Evaluate the income tax, estate issues, and other threats to the retirement income plan
Evaluate retirement risks and offer alternative solutions to address these risks
Choose appropriate strategies for turning assets into income
Integrating approaches, risks, products, and strategies to
create an effective retirement income plan