Understand the basic concept of retirement benefits – its history, the current landscape and what it means for you and your clients.
Learning Objectives
Identify where and when the Normal Retirement Age (as defined by the IRS) was established.;Recall the definition of inflation and its impact on individuals.;Identify the regulatory acts impacting retirement planning.;Identify age and service requirements as required by the Employee Retirement Income Security Act (ERISA).;Identify types of retirement plans based on benefits, features, and plan design.;Recall the origin, purpose, and benefits of the Pension Benefit Guarantee Corporation.;Identify retirement plans funded through an IRA contract.;Recognize Social Security programs and benefits.
Major Topics
Historic and fundamental assumptions;Regulatory environment;Various types of retirement plans
