This course will cover retirement income planning which is the process of understanding how much income you’ll need during your retirement years to support the retirement lifestyle you want, and positioning your assets to provide that income. While there’s no such thing as a “one size fits all” plan, there are steps you can take to maximize the possibility of a financially secure retirement. This course also offers real world strategies and methods designed for those who are concerned about proper estate planning, reducing, or eliminating estate taxes, and ensuring that their wishes are fulfilled. This course is designed to take the confusion out of estate planning and empower you to design a plan that will protect you, your assets, and most importantly your loved ones.
This course will show you how to clearly define your own estate planning objectives and goals and equip you with the knowledge and tools necessary to put your plans into action.
Upon completion, you will know how to properly protect your assets from probate and spend down, accurately devise a plan for income that will last throughout your retirement, and take advantage of little-known tax tips and strategies that will help achieve your goals with the least amount of taxes owed to Uncle Sam.
By attending this course, you will learn
• How to plan for when your retirement will start, (including the impact of early retirement, delayed retirement, and working in retirement), how long it will last, and the retirement lifestyle you want
• Steps to estimate the amount of money you’ll need in retirement to meet your goals, factoring in health-care costs, taxes, and inflation
• How to supplement fixed income sources such as Social Security or employer pension with your retirement savings, including the products and investment strategies you should consider, a sustainable withdrawal rate, and the best order to tap various accounts
• Understanding probate
• The importance of wills, living wills, health care powers of attorney
• How to determine if you need a Trust
• How to guarantee your income for the rest of your life & your spouse’s life
• How to maximize the living & death benefits of life insurance
• How to use current IRS tax codes to create a tax-free retirement
• How to keep your estate private
• The most common estate planning traps to avoid
This course is intended for
• Individuals and couples aged 50 and up who want to increase their knowledge and training to help maximize their retirement years
• People who want to better understand their current portfolio
• And anyone who wonders if their current plan has room for improvement
