Upon completion of this course, you will be able to create an effective retirement income plan to maintain a client’s desired lifestyle over the course of retirement; identify retirement income needs and objectives and evaluate the client’s current situation relative to those goals; choose appropriate strategies to address income gaps; evaluate taxation, estate issues, and other risks to the retirement income plan; prepare alternative solutions to mitigate plan risks; choose appropriate strategies for monetizing assets over the retirement period; and customize and manage the plan during a client’s retirement.

The second of the program's three courses offers a deep dive on sources of retirement income. After completion, you can recommend the optimal Social Security claiming age appropriate for each client's situation; help a client determine the optimal retirement age, and choose appropriate annuities for the retirement income plan. You will also have a better understanding of how executive benefits and retirement benefits for Federal and Military employees fit into the plan. You will understand the different ways that life insurance can be used in planning and how to address the retirement needs of the small business owner. You will also be better able to help a client create a retirement savings portfolio and become more familiar with the latest research on strategies for ensuring that retirement assets last a lifetime.

Available starting 1/1/2013
The third course in the RICP™ series focuses on initial and ongoing retirement income plan management. This knowledge will help you choose a tax-compliant and tax-efficient strategy for plan withdrawals from tax-advantaged plans; recommend the best health insurance options for retiring clients; select a method for funding long-term care needs; help a client with retirement housing decisions; create and manage retirement income portfolios appropriate for each client’s situation; and identify ways to help clients create and maintain satisfaction in retirement.