Financial Education for Securities, Banking, & Insurance Professionals.


RICP® Retirement Income Certified Professional®
3 Courses: 3 Required / 0 Elective

The latest ideas in creating sustainable retirement income.

The RICP® is the first must-have designation in 30 years, and is only available from The American College.

There will be an estimated 10,000 Americans reaching age 65 every day for the next 17 years. These numbers are staggering, and all of these individuals have until present, been focused on asset accumulation.

Today, the game is changing fast for financial professionals. The focus is now on the transition from assets to income, creating a rich, sustainable livelihood for clients. Advisors without this knowledge—or those who have a single-product solution or limited approach—will rapidly fall behind.


Program Learning Objectives

Upon completion of this program, the student should be able to:

  1. Create and monitor effective retirement income plans to maintain their clients’ desired lifestyle over the course of retirement
  2. Prepare alternative solutions to mitigate retirement risks (e.g., health care, inflation, longevity, and long-term care) and address tax considerations
  3. Choose appropriate strategies for monetizing their clients’ assets over the retirement period
  4. Assist clients in determining their optimal age for retirement and claiming Social Security
  5. Demonstrate an understanding of the ethical issues in retirement income planning

Learning Options
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  • Who should consider the RICP® designation?

    RICP® is an advanced designation appropriate for individuals working in the retirement income planning field and for those with a general background in financial services. There are no prerequisite courses. Many seasoned professionals who hold major designations such as CFP® certification, ChFC®, CLU®, CPA, CFA®, or other marks and who work with clients on retirement income planning will want to pursue this valuable education.

    RICP® is unlike any other program: setting clear advantages for students

    The Retirement Income Certified Professional® program reflects values modeled from some of the best practices in the field today. Financial professionals who enroll in this program will learn:

    • Ideas that are practical, relevant and current: Because practitioner research is the foundation of this program, what you learn will be useful right away in your practice.
    • Three in-depth courses: Our course material on retirement planning is information gathered from industry experts, teaching you the right questions to ask, the best planning process to use and solutions to offer.
    • Innovative online video delivery: Rather than being built around a textbook, the RICP® is built around the latest ideas and delivered through video interviews and lectures, all supported by a detailed outline that allows students to move through the program at their own pace.
    • An expanded team of experts supporting the program’s content: The program’s developers are some of the top retirement planning experts in the country. Outside contributors, who specialize in every important aspect of retirement income planning, supplement our developer’s work as well.

  • Live Online Courses

  • RICP® Curriculum

    Course Name
    Course #
    Required
     
    Retirement Income Process, Strategies & Solutions
    HS 353
     

    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.

     
    Sources of Retirement Income
    HS 354
     

    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.

     
    Managing the Retirement Income Plan
    HS 355
     

    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.

    Recommended course sequence: Students are encouraged to take HS 353 first, then HS 354 followed by HS 355.

  • Program Completion Requirements

    To receive the RICP® designation, you must successfully complete all courses in your selected program, meet experience requirements and ethics standards, and agree to comply with The American College Code of Ethics and Procedures.

    Full Completion Requirements »

    Code of Ethics

    To underscore the importance of ethics standards for Huebner School designations, the Board of Trustees adopted a Code of Ethics in 1984. Embodied in the Code are the Professional Pledge and eight Canons.

    Learn more »

    Continuing Education

    Many of the programs at The American College qualify for Continuing Education. Understand that this information changes frequently, and while we will do our best to provide current data, it is your responsibility to verify CE credits with your state.

    Learn more »

    PACE Recertification

    A Recertification Fee is applied to First-Time PACE-Required Designees after February 1, 2007. A fee of $250 (recurring every two (2) years) covers multiple designations and is not retroactive for prior PACE-required designees.

    *Approximately 90% of PACE recertification fees will be used for public awareness of the designations.

    Learn more »

    The 5-Year Rule

    The American College pledges to offer the most up-to-date material and course offerings. In doing so, all courses are subject to the Five-Year Rule, in the interest of the most valid study material and timely designation completion.

    Learn more »

    Policy FAQs

    Answers for common questions concerning core designations (exam retake and reschedule policies, tuition and fees, etc.) can be found on the Core Designations FAQ page.

    Access the FAQ »

  • Refund Requests

    All requests for refunds must be made in writing to the Office of Professional Education, The American College, 270 S. Bryn Mawr Ave., Bryn Mawr, PA 19010. We will refund your course tuition less a $170 cancellation fee for 30 days into the quarter for which you are registered. Textbooks do not need to be returned and no refund will be given for these textbooks.

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Hours: M–F 8 a.m. – 6 p.m. ET

Program Prices—Best Value!

Online Package: $1,599

The program offers practical information from industry experts, all designed to help you grow your business. Includes all books, online tools, and access to all classes and archives.

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Tuition & Fees

Tuition: $659 (per course)

Admission Fee: $150*

Retake/Reschedule: $170

Your tuition includes all required study materials, access to convenient online learning tools, and your examination.

*One-time, nonrefundable fee for new enrollees at The College.

 
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