Course Catalog >> Personal Development
Dynamics of Managing Income in Retirement
Course # 419
Advertising Description:
Retirement accounts are designed to accumulate money. A significant change in thinking should occur as you approach the distribution phase. You need to understand how risks are different for retirees, how income producing accounts are different from accumulation accounts, and the importance of long term planning to achieve a secure retirement.
Key Topics:
Understand the dynamics of managing income in retirement and the different risks that retirees face compared to people who aren't retired.
Objectives:
- Review how simulations of spending rates and markets returns can help predict longevity of retirement income.
- Understand how the sequence of market returns can significantly change your retirement income.
- Understand how risks in retirement are different from risks in the accumulation phase.
- Understand how the accumulation accounts used prior to retirement can be used to produce a retirement income.
Participants (audience course is aimed at):
Individuals within 4 years of retirement or recently retired.