Description
Financial advisers and clients alike, often incorrectly perceive that deployment of strategies and recommendations is the first step in the implementation phase. In the final part of this course, you will learn that the first step should be a review of the client's existing estate plan, or the creation of an estate plan. A current estate plan and the appropriate ownership of assets that are set aside for financial independence is just as, and may be even more, critical than the assets themselves.
Learning Objectives
In this course, you will learn to do the following:
Calculate annual contribution limits for an IRA.
Differentiate the benefits of a traditional IRA and a Roth IRA.
Determine who can receive Social Security retirement benefits.
Identify the eligibility requirements for Medicare.
Identify minimum qualified plan distribution requirements for employees at age 70½.
Recall the requirements of a salary continuation plan.