An Educational Course for Adults
Course ID: ZWCQMV
Course Outline
Session 1
Section 1: Life Planning for Retirement
- Traditional vs. new retirement
- New retirement opportunities
- Values and objectives in nine areas of life
- The retirement planning process
Section 2: Retirement Needs & Expenses
- Early retirement trends
- How long must your money last?
- Inflation, prices and purchasing power
- Retirement expectations
- How much will you need to retire?
- Can you retire today?
Section 3: Retirement Roadblocks & Mistakes
- Ten retirement planning mistakes
- Financial and cash–flow statements
- Credit and debt
- Taxes and marginal tax rates
- Eleven strategies to save money on taxes
- Taxable investments
- Capital gains income tax exclusion
- Investments with tax advantages
Section 4: Retirement Income Sources
- Traditional IRAs
- Roth IRAs
- IRA to Roth IRA conversions
- Other retirement income sources
- Social Security eligibility and benefits
- Employment income and Social Security
- Employer–sponsored defined benefit plans
- Employer–sponsored defined contribution plans
Section 5: Retirement Plan Distributions
- Retiring or changing jobs?
- Defined benefit and contribution plans
- Three important considerations
- Lump sum vs. IRA transfer vs. annuity payments
- Rollovers, direct rollovers and transfers
- Annuity income and choices
- Early retirement considerations
- Minimum required distributions
Session 2
Section 6: Investments
- Considerations before you invest
- Cash accounts
- Stocks and bonds
- Mutual funds
- Exchange traded funds
- Unit investment trusts
- Individually managed accounts
- Tax–deferred annuities
- Investment risk management strategies
Section 7: Risk Management & Asset Preservation
- Disability income insurance
- Health insurance and Medicare
- Long–term care and insurance
- Comparing life insurance
Section 8: Estate Planning
- Planning for incapacity
- Taxes
- Shortfalls of will–only estates plans
- Probate
- Gifting assets
- Joint ownership of property
- Direct transfer assets
- Types and benefits of trusts
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