Apr 12, 2024  
2020-2021 Undergraduate Catalog 
2020-2021 Undergraduate Catalog [ARCHIVED CATALOG]

Add to Portfolio (opens a new window)

PFP 460 - Retirement Planning

Examines the topics of retirement planning and retirement plans from both employer and individual client settings. Uses a case study approach to apply and integrate the material. Emphasizes the evaluation of financial alternatives. Course will not have an established scheduling pattern.

Prerequisites: A grade of C or higher in PFP 310 and admission to a College of Business major OR (a grade of C or higher in PFP 310 and declaration of a Personal Financial Planning Certificate).

Credits: (5)

Learner Outcomes:
Upon successful completion of this course, the student will be able to:

  • Describe common assumptions used in analyzing retirement
  • Design a savings plan to maximize the probability of achieving a case client’s goals and mitigating longevity risk
  • Calculate the retirement funding and income distribution plans under varied scenarios
  • Explain work-to-retirement transitions and phased retirement
  • Describe the purpose and practices surrounding the Social Security System
  • Calculate the optimal date to begin receiving Social Security retirement benefits and the impact of the earnings test for a case client
  • Describe the Medicare program, including the payroll taxes and eligibility structure
  • Distinguish between the four parts of Medicare coverage related to benefits, out-of-pocket costs and alternative insurance options to cover the gaps in coverage.
  • Propose the proper Medicare coverage and any supplemental coverage based on client circumstances
  • Distinguish between qualified, government, non-qualified, and private tax-advantaged retirement plans
  • Compare the various types of defined benefit, defined contribution and individual retirement accounts
  • Differentiate between the various types of Individual Retirement Arrangements (IRAs)
  • Propose an appropriate IRA for a client’s needs.
  • Identify the factors that will affect the selection of a retirement plan for a business
  • Choose a qualified or non-qualified retirement plan given a business owner’s goals and objectives.
  • Discuss the rules and penalties regarding retirement plan distributions
  • Evaluate investments for both funding and retirement distribution purposes, considering the time horizon and risk tolerance of plan owners and beneficiaries.
  • Prepare an investment portfolio that minimizes retirement income risk
  • Describe how life insurance products may affect retirement plan decisions
  • Outline the factors a business owner should consider when creating a succession plan.

Learner Outcomes Approval Date:

Anticipated Course Offering Terms and Locations:

Add to Portfolio (opens a new window)