Description
In this two-part, 2-hour narrated PowerPoint video, Tom Tillery will teach you how to counsel your clients to set practical and realistic goals for retirement and financial independence.
Objectives
- Differentiate among the various types of personal financial planning engagements for financial independence
- Identify the elements that comprise the financial independence process
- Calculate the annual spending goal for financial independence
- The requirements for who may participate in a qualified plan
- Which coverage test is made based on benefits provided under a qualified plan
- The requirements associated with top-heavy plans
- The benefits of an ERISA Section 404(c) election
Highlights
- Setting realistic expectations and goals
- The process of identifying personal financial goals and resources
- Design financial strategies
- Making personalized recommendations
- The regulatory and legislative environment surrounding retirement plans
- How ERISA and the Internal Revenue Code (IRC) govern qualified retirement plans and protect plan participants