- NY Credits : 2.0
- TX Credits : 2.0
This course discusses items important to individuals as they begin their journey toward retirement. First, and perhaps most importantly, individuals should be prepared to begin retirement with a solid financial footing. Secondly, it is important to consider when to begin claiming Social Security and the options available regarding spousal payments. This course also covers managing pension and retirement savings withdrawals, information on annuities and reverse mortgages, and managing medical expenses, including Medicare benefits, premiums, out-of-pocket expenses, and supplemental coverage. Finally, the important topic of budgeting is discussed, balancing enjoyment with retirement income. This course is most beneficial to professionals new to retirement planning who may be at the staff or entry level in organization but also for a seasoned professional with limited exposure to retirement planning.
Upon successful completion of this course, the user should be able to:
discuss with individuals whether or not they are mentally and financially prepared for retirement,
describe the options available to an individual and the individual's spouse for receiving Social Security benefits,
discuss the potential impact of medical expenses upon retirement savings and present the many facets of Medicare,
determine whether financial planning services might be beneficial, and
discuss options for clients who have not saved enough for retirement.