FNPL 108 Financial Planning for Retirement
This course is designed to deliver an understanding of the fundamental elements used to design a retirement plan strategy. Students will learn to review an individual financial situation, develop financial goals for retirement and appropriate means to achieve those goals, and identify and manage the various risks to that plan during the accumulation and payout phases. 'Decoding' of Social Security, Medicare/Medicaid, and lifestyle choice options will also be included. The emotional, relationship-changing impact of the retirement decision will also be explored.
Hours Weekly
3 hours weekly
Course Objectives
- 1. Complete a simple budget for retirement that tracks current cash flow
- 2. Identify the various types of potential retirement investments
- 3. Compare the impact of state and federal taxes on various investment choices
- 4. Discuss the financial markets and how they operate
- 5. List the types of insurance and their purposes
- 6. Contrast the differences in retirement planning for employees and employers
- 7. Explore the emotional context of the transition from working to non-working, and its impact on planning
for retirement
- 8. Explore the range of living options available (assisted living, smaller home, retiring in place, etc.)
Course Objectives
- 1. Complete a simple budget for retirement that tracks current cash flow
- 2. Identify the various types of potential retirement investments
- 3. Compare the impact of state and federal taxes on various investment choices
- 4. Discuss the financial markets and how they operate
- 5. List the types of insurance and their purposes
- 6. Contrast the differences in retirement planning for employees and employers
- 7. Explore the emotional context of the transition from working to non-working, and its impact on planning
for retirement
- 8. Explore the range of living options available (assisted living, smaller home, retiring in place, etc.)