Course
Principles of Retirement Planning
Name
CSP-4000JR2
Available Classes
    Section Location Begin Date End Date Instructor Price Seats Available/Total Seats
292819 Northern Wake Campus 05/06/2024 05/13/2024 B. Debruin $39.00 16/20
292821 Northern Wake Campus 05/08/2024 05/15/2024 B. Debruin $39.00 8/20
Description Course Outline Requirements Intended Audience More Details
Intended Audience
Whether you are about to retire, have 20+ years to go, are self-employed, or just want to make sure you are on the right track, this course offers retirement planning for everyone.
Description
Learn the principles of conservative retirement planning. This course highlights the ABC Planning Model and covers income planning, retirement budgeting, financial decision making, changes in planning paradigms, the history of markets, the impact of bear markets, and more. Increase your awareness of risk and asset allocation models that can help you manage risk exposure. The course does not offer specific solutions for individual retirement plans; it will give you the knowledge and confidence to make sound decisions that align with your own goals, objectives, and level of risk.
Course Objectives
  1. understand the development of risk in the markets.
  2. learn to strategically allocate assets in a conservative manner.
  3. develop an income plan for your retirement.
  4. know the difference between fixed principal and fixed income assets and how to use them.
  5. develop their own financial profile.
  6. know what questions to ask a potential advisor.
  7. determine their own personal risk tolerance.
  8. develop their own retirement budget.
Outline of Instruction
  1. Keeping Up With the Changes?
    Chapter 1: Understanding Conservative Retirement Planning?
    Defines what conservative retirement planning is and helps identify who is a conservative planner.
    Chapter 2: Reasons Behind Current Market Shifts
    This chapter discusses changes in planning perspectives & paradigms which affect the conservative planner.
    Chapter 3: Deciphering Market Jargon
    The class will discuss six well known Wall Street maxims and whether they might actually be myths.
    Chapter 4: Old Market Strategies vs. New Retirement Planning Strategies
    This chapter explains the need for a new conservative planning model and why Wall Street may be a broken culture, exposing its “greed is good” nature.
  2. How Do You Manage Risk In Retirement?
    Chapter 5: The ABC Planning Model: Simplicity at its Best
    The ABC Planning Model is explained in detail, showing the conservative nature of the model.
    Chapter 6: Yellow Money: Understanding Cash Assets
    This chapter identifies the type of assets in Column A, the importance of liquidity, and their positives and negatives.
    Chapter 7: Green Money: Fixed Principal Assets
    Describes which assets are ideal for the B Column. Outlines three Green Money Rules and why they are important to the conservative planner.
    Chapter 8: Red Money: Understanding Growth Assets
    Talks about the risk nature of Column C and what type of assets belong in a conservative investor’s risk portion of their portfolio. We will also discuss the difference between tactically managed and Buy & Hold managed assets.
    Chapter 9: Managing Volatility in Retirement
    We discuss the effects of a bear market on a portfolio of assets and why the ABC Planning Model works well in a prolonged bear market.
  3. Income Planning Challenges
    Chapter 10: Challenges to Retirement Income Planning
    This chapter reveals the great need for income planning and eight challenges the retirement minded face in retirement.
    Chapter 11: Income Planning Concepts
    This chapter covers the basic concepts in developing a plan for funding your quality of life in retirement along with possible solutions.
    Chapter 12: Problems with a 401(k) in Retirement
    The student will learn seven problems with a 401(k) in while in retirement including limited choices and beneficiaries.
    Chapter 13: Green Money Income Planning
    The student will learn when to use annuities and guarantees in planning for retirement income.
    Chapter 14: Red Money Income Planning
    The student will learn the importance of a sequence of returns as it relates to withdrawing income from securities accounts and how to balance the guarantees and risk in an income stream.
    Chapter 15: Tax Free Income Planning
    With income taxes at historical lows, the student will learn how to incorporate tax free strategies like municipal bonds, Roth IRAs, and LIRPs.
  4. How to Create Your Plan
    Chapter 16: Finding an Advisor
    Choosing and advisor who you like, trust and is competent is made easier to understand in this chapter, which includes over 20 questions to ask a potential advisor.
    Chapter 17: How to Work Through a Retirement Planning Decision
    Discusses the planning process of investigate, recommend, implement, review and adjust. Shows the class the three elements of a decision and why a process is the best way to make a financial decision.
    Chapter 18: Seven Steps to an ABC Plan
    This is a review of the previous chapters, while taking the student through a Seven Step process to develop an ABC Plan.
Contact Hours
6
CEU's
No
Industry Standard, State, or National Certification
No
CE to CU Articulation
No
Prerequisites
None
Text and Supplies Needed
Materials provided
Clinical Site/Special Facilities
None
Requirements for Successful Completion of this Course
  1. Attendance 100%
  2. Participation
Accreditation/Special Approval Requirements
None
Intended Audience
Whether you are about to retire, have 20+ years to go, are self-employed, or just want to make sure you are on the right track, this course offers retirement planning for everyone.
Specific Industry or Business Support Needs
Industry or Job Titles Related to training Outcomes for Employment
Related Courses
Course Contact Information
Community & Career Education Staff
cce@waketech.edu
919-532-5700