12/27/2018 Protecting Your Clients From Financial Abuse – Bob Mauterstock – Rebroadcast – Register here

Elder financial abuse is a growing problem creating annual losses to families estimated to exceed $2.9 Billion per year. As retiring boomers become part of this population the problem is expected to increase dramatically. It is critical for financial advisors to be aware of recent legislation that will affect their ability to deal with this crisis, and understand the steps they can take to help their clients avoid significant loss resulting from financial abuse.

CFP BOARD - CE Quality Partner - Retirement Resource Center

CFP BOARD – CE Quality Partner – Retirement Resource Center

This course is brought to you from a recent live webinar and will be REBROADCAST on Thursday, December 27, 2018, 12:00 PM – 1:00 PM EDT – no need to take the online quiz to receive CE when you attend the webinar! Or you may take this online recorded webinar learning course at any time for 1 hr CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.

The course is $29 for non-members or free for members. Membership includes this no-quiz rebroadcast webinar, and 60+ live, rebroadcast, and recorded courses – 90 Days for $99 or 365 Days for $199. Become a Member and save on CE.


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12/17/2018 Plan for the 21st Century Retirement – Steve Vernon – Rebroadcast – Register here

Critical decisions faced by older workers are influenced by behavioral economics factors. Retirement professionals are ideally positioned to help their clients navigate these decisions.

CFP BOARD - CE Quality Partner - Retirement Resource Center

CFP BOARD – CE Quality Partner – Retirement Resource Center

This course is brought to you from a recent live webinar and will be REBROADCAST on Monday, December 17, 2018, 1:00 PM – 2:00 PM EST – no need to take the online quiz to receive CE when you attend the webinar! Or you may take this online recorded webinar learning course at any time for 1hr CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.

The course is $29 for non-members or free for members. Membership includes this no-quiz rebroadcast webinar, and 60+ live, rebroadcast, and recorded courses – 90 Days for $99 or 365 Days for $199. Become a Member and save on CE.


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12/13/2018 Advance Care Planning: A Critical Component for Building Client Relationships – Paul Malley – LIVE WEBINAR – Register here

An overlooked aspect of an advisor’s role is advance care planning – or defining, communicating and documenting healthcare wishes. Currently, less than 30 percent of adults have an advance directive.

This LIVE WEBINAR in which you may ask the presenter a question will be held on December 13 @ 12:00 PM – 1:00 PM EST – no need to take the online quiz to receive CE! If you miss the webinar you will be able to take the online recorded course 10-14 days after the live event to receive 1 hr CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.

The course is $29 for non-members or free for members. Membership includes this no-quiz LIVE webinar when you can ask the presenter questions, and 60+ live, rebroadcast, and recorded courses – 90 Days for $99 or 365 Days for $199. Become a Member and save on CE.

Click here to ask the presenter your question!

Ask your question to the presenter of this webinarEach month we feature a LIVE webinar speaker in which you may ask the expert your specific question. If your question is selected during the webinar, you will receive either:

  • A 90-Day $99 membership for free, giving you full access to 60+ courses and any no-quiz webinars and rebroadcasts held during that time!
  • Or, if you are already a member you will have your membership extended by 90 days, at no extra fee!

You do not need to make a purchase or be present to win.


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12/04/2018 IRA Beneficiary Designations and Surviving Spouse Strategies: Why Many IRA Owners Should Use a Retirement Plan Trust – Rex Hogue – Rebroadcast – Register here

Qualified retirement plans can create numerous estate planning problems. Upon death, an IRA is subject to income tax, federal estate tax, possible state income tax, and possible state inheritance tax. A retirement plan trust can avoid tax problems while it protects beneficiaries.

CFP BOARD - CE Quality Partner - Retirement Resource Center

CFP BOARD – CE Quality Partner – Retirement Resource Center

This course is brought to you from a recent live webinar and will be REBROADCAST on Tuesday, December 4, 2018, 3:00 PM – 4:00 PM EST – no need to take the online quiz to receive CE! Or you may take this online recorded webinar learning course at any time for 1 hr CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.

The course is $29 for non-members or free for members. Membership includes this no-quiz rebroadcast webinar, and 60+ live, rebroadcast, and recorded courses – 90 Days for $99 or 365 Days for $199. Become a Member and save on CE.opment-ce-memberships/” target=”_blank” title=”Retirement Professional Development CE Memberships”>Become a Member and save on CE.


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11/28/2018 Social Security: Uncovering Opportunities to Bring Value to Your Clients and Prospects – Heather Schreiber – Rebroadcast – Register here

Social Security is a very real part of the retirement income for the majority of Americans. As financial professionals, it is difficult not to weave this component into your conversations with your clients and prospects and they prepare for retirement. Learn about Social Security from a holistic point of view and how you can help uncover opportunities to enhance retirement income for your clients.

CFP BOARD - CE Quality Partner - Retirement Resource Center

CFP BOARD – CE Quality Partner – Retirement Resource Center

This course is brought to you from a recent live webinar and will be REBROADCAST on Wednesday, November 28, 2018, 11:00 AM – 12:00 PM EST – no need to take the online quiz to receive CE when you attend the webinar! Or you may take this online recorded webinar learning course at any time for 1 hr CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.

The course is $29 for non-members or free for members. Membership includes this no-quiz rebroadcast webinar, and 60+ live, rebroadcast, and recorded courses – 90 Days for $99 or 365 Days for $199. Become a Member and save on CE.


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11/19/2018 Medicare 101 – The As, Bs, Cs, and Ds of Medicare – Erin Fisher – Rebroadcast – Register here

Making the wrong decision in Medicare enrollment or non-enrollment can include lifetime financial penalties. You can help your clients manage Medicare costs by referring them to resources to help them make informed decisions and better understanding how taxable investment income can affect their monthly premiums.

CFP BOARD - CE Quality Partner - Retirement Resource Center

CFP BOARD – CE Quality Partner – Retirement Resource Center

This course is brought to you from a recent live webinar and will be REBROADCAST on Monday, November 19 2018, 1:00 PM – 2:00 PM EDT – no need to take the online quiz to receive CE when you attend the webinar! Or you may take this online recorded webinar learning course at any time for 1 hr CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.

The course is $29 for non-members or free for members. Membership includes this no-quiz rebroadcast webinar, and 60+ live, rebroadcast, and recorded courses – 90 Days for $99 or 365 Days for $199. Become a Member and save on CE.


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11/15/2018 – Retirement Planning Beyond the Dollars and Cents – Robert Laura – LIVE WEBINAR – Register here

Now more than ever, advisors must realize that there is much more to retirement than just the dollars and cents. This is a game changing opportunity to become part of an exclusive group of professionals who see the significance of this trend and want to capitalize on it.

This LIVE WEBINAR in which you may ask the presenter a question will be held on Thursday, November 15, 2018, 12-1pm EST – no need to take the online quiz to receive CE! If you miss the webinar you will be able to take the online recorded course 10-14 days after the live event to receive 1 hr CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.

The course is $29 for non-members or free for members. Membership includes this no-quiz LIVE webinar when you can ask the presenter questions, and 60+ live, rebroadcast, and recorded courses – 90 Days for $99 or 365 Days for $199. Become a Member and save on CE.

Click here to ask the presenter your question!

Ask your question to the presenter of this webinarEach month we feature a LIVE webinar speaker in which you may ask the expert your specific question. If your question is selected during the webinar, you will receive either:

  • A 90-Day $99 membership for free, giving you full access to 60+ courses and any no-quiz webinars and rebroadcasts held during that time!
  • Or, if you are already a member you will have your membership extended by 90 days, at no extra fee!

You do not need to make a purchase or be present to win.


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11/06/2018 Optimizing Retirement Income Solutions in Defined Contribution Retirement Plans – Steve Vernon, Wade Pfau – Rebroadcast – Register here

See highlights conclusions from a 4 phase research project sponsored by the Society of Actuaries (SOA) and the Stanford Center on Longevity. It illustrates an analytical framework for evaluating retirement income generators that could be offered in DC retirement plans, and how to use a diversified portfolio approach.

CFP BOARD - CE Quality Partner - Retirement Resource Center

CFP BOARD – CE Quality Partner – Retirement Resource Center

This course is brought to you from a recent live webinar and will be REBROADCAST on Tuesday, November 6, 2018, 3:00 PM – 4:30 PM EDT – no need to take the online quiz to receive CE! Or you may take this online recorded webinar learning course at any time for 1.5 hrs CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.

The course is $29 for non-members or free for members. Membership includes this no-quiz rebroadcast webinar, and 60+ live, rebroadcast, and recorded courses – 90 Days for $99 or 365 Days for $199. Become a Member and save on CE.opment-ce-memberships/” target=”_blank” title=”Retirement Professional Development CE Memberships”>Become a Member and save on CE.


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11/02/2018 How Much Can I Spend in Retirement? A Guide to Investment-Based Retirement Income Strategies – Wade Pfau – Rebroadcast – Register here

Estimates provided by traditional studies about sustainable spending may be too optimistic, or may be even higher than traditional studies imply. It is important for advisors to understand a variety of spending and asset allocation approaches in order to manage sequence of returns risk and develop sustainable spending strategies.

CFP BOARD - CE Quality Partner - Retirement Resource Center

CFP BOARD – CE Quality Partner – Retirement Resource Center

This course is brought to you from a recent live webinar and will be REBROADCAST on Friday, November 2, 2018, 2:00 PM – 3:00 PM EDT – no need to take the online quiz to receive CE when you attend the webinar! Or you may take this online recorded webinar learning course at any time for 1 hr CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.

The course is $29 for non-members or free for members. Membership includes this no-quiz rebroadcast webinar, and 60+ live, rebroadcast, and recorded courses – 90 Days for $99 or 365 Days for $199. Become a Member and save on CE.opment-ce-memberships/” target=”_blank” title=”Retirement Professional Development CE Memberships”>Become a Member and save on CE.


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10/24/2018 The Platinum Retirement Challenge – Gray Divorce – Lili Vasileff – Rebroadcast – Register here

There are surprisingly many nuances in the gray divorce statistics. Understand what boomers want, experience, and what are the consequences are of gray divorce relating to financial security. Learn how to identify unique issues in divorce that are one-time opportunities for clients to maximize their outcome.

CFP BOARD - CE Quality Partner - Retirement Resource Center

CFP BOARD – CE Quality Partner – Retirement Resource Center

This course is brought to you from a recent live webinar and will be REBROADCAST on Wednesday, October 24, 2018, 11:00 AM – 12:00 PM EDT – no need to take the online quiz to receive CE when you attend the webinar! Or you may take this online recorded webinar learning course at any time for 1 hr CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.

The course is $29 for non-members or free for members. Membership includes this no-quiz rebroadcast webinar, and 60+ live, rebroadcast, and recorded courses – 90 Days for $99 or 365 Days for $199. Become a Member and save on CE.


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How to Make Your Clients’ Money Last Longer with Withdrawal Sequence Strategies – William Meyer

How you “tap” or liquidate retirement savings to generate income impacts portfolio longevity. Similarly, how you coordinate guaranteed income, Medicare and Social Security with the sequence you withdraw client savings impacts how long retirement savings lasts. Learn how to beat the “conventional wisdom” used to generate retirement income for your clients.

This online recorded webinar learning course is brought to you from a recent live webinar and is worth 1 hr CFP®, CRC®, and other Continuing Education Credit when you pass the online quiz.

The course is $29 for non-members or free for members. Membership includes this no-quiz rebroadcast webinar, and 60+ live, rebroadcast, and recorded courses – 90 Days for $99 or 365 Days for $199. Become a Member and save on CE.

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“Spend Safely in Retirement Strategy” – Steve Vernon – Takeaway #3 for Consumers

“Spend Safely in Retirement Strategy” by Steve Vernon
Takeaway #3: What are some refinements to the Spend Safely in Retirement Strategy that might allow some access to savings?

Part One of the “Spend Safely in Retirement Strategy” is optimizing Social Security.

  • You want retirement checks that are reliable, guaranteed for the rest of your life, will not go down if the stock market crashes, and those you can use to pay for your basic living expenses or at least get close. The Social Security portion and annuities — those are your retirement paycheck. Then you want to have some bonuses that have some potential to grow, but knowing that because they are invested in the stock market that might go down. SWPs (Systematic Withdrawal Plans) that are invested primarily in stocks become your retirement bonuses.

Part Two of the “Spend Safely in Retirement Strategy” is to take the IRS RMD from your remaining savings to generate retirement income.

  • This is what is characterized as your variable retirement bonus. Our forecasts are showing that if you get good returns from the stock market and you are invested significantly in stocks, you will get a real rate of return and a real bump in your retirement income. That is money you might want to use for discretionary living expenses like travel, hobbies, or supporting your grandchildren.

We acknowledge that many people may not want to go 100 percent into stocks with this portion.

Investing in the QDIA (Qualified Default Investment Alternative – certain types of investment services that can be used by employers to provide retirement account management to their employees, intended to encourage investment of employee assets for long-term savings) either a low-cost target-date fund or a balance fund, is also a good way to implement this strategy. This strategy, I think, works best for workers with no significant defined benefit pension and having between $100,000 and one million in retirement savings.

If you have fewer than $100,000 in savings and you are in your mid-60s, that is a tough spot to be in, and I will say that strategies to deploy retirement savings do not work very well when people do not have enough retirement savings. The best options they have are to work longer, delay Social Security, and reduce their living expenses. I am not glorifying that. That is a tough situation in which to be. Retirement solutions from savings do not work for people who do not have savings.

The Spend Safely in Retirement Strategy, compared to 292 other strategies we looked at, delivers equal or greater income throughout the life of the employee or retiree.

It has moderate liquidity in bequests. It produces more liquidity in bequests than most annuity solutions. On the other hand, it produces less liquidity or bequests compared with pure systematic withdrawal strategies that do not use your savings to optimize Social Security.

This kind of information can help people decide maybe if they can find part-time work and not need to save any more money, “All I need to do is delay Social Security and delay drawing down my savings.” This becomes a viable strategy for people in their 60s that could improve their lives by having more time to pursue their interests, only working part-time, and enabling their Social Security and their savings to grow.

Now there is another conclusion to draw from here. Look at these replacement ratios. Even if you optimize Social Security and delay until age 70, there is only have a 60 percent replacement ratio, which is less than what most common retirement advisors recommend. This shows the dilemma that many people are facing as they are approaching their retirement years that they may need to reduce their standard of living significantly.

This is the challenge that is facing future retirees who do not have significantly defined benefit pensions and only have savings.

These workers are going to need to figure out how to live on a reduced standard of living. I am not saying this is desirable. I am saying this is the reality and collectively, this is one of the challenges that workers in this category are going to face.

The Spend Safely in Retirement Strategy is a baseline or a guideline.

We are not advocating the “Spend Safely in Retirement Strategy” as a rigid strategy. It is really a way of thinking. There are refinements that you may find desirable. For example:

  • I think everybody should have some emergency fund that is not used to generate retirement income and that would be for unexpected expenses or maybe expenses you are expecting, such as you need to fix the roof or buy another car. You want to set that money aside and do not use it to generate income.
  • Think of a travel bucket. I hear some people say, “Yeah, I want to spend more money in the first ten years of my retirement while I am still healthy and able to do that. So, I would like to spend more money than what the RMD would throw off.”
  • Some people may want more guaranteed income, and so you might want to buy an annuity, either a SPIA or an FIA or a GLWB (guaranteed lifetime withdrawal benefit).
  • Some people may want even more, particularly they want more income, and if they have enough home equity they might want to take out a reverse mortgage line of credit that can supplement their income. That becomes another source of guaranteed income.

Finally, I have been talking about delaying Social Security until age 70. That does produce optimal results, but you still get plenty of boost if you delay Social Security until age 66 or 67 or 68. It does not need to be a rigidly applied strategy. The dilemma that many people are facing is limited retirement resources and the levers that they have to address their retirement situation are limited. They can work longer, or they can save more.

Once you are in your 60s, you are really not going to save your way out of a retirement shortfall. You really cannot afford a mistake or retirement income solutions that are inefficient. You have got to stay healthy if you are going to work. You can spend less in retirement. You have to make every dollar count.

I think that as part of a retirement plan that a plan sponsor offers their older workers, part of that ought to be alternate career paths for their older workers, paths for them to downshift and not work quite as hard as they used to but still enable them to work and delay taking Social Security and delay drawing down their savings.

This Key Retirement Takeaway is excerpted from a recent webinar presented by Steve Vernon, FSA, MAAA, Research Scholar, Stanford Center on Longevity, President of Rest-of-Life Communications.

In both of his roles as Research Scholar at the Stanford Center on Longevity and as the President of Rest-of-Life Communications, Steve is active with research, writing, and speaking on the most challenging issues facing retirees today, including finance, health, and lifestyle.

 

If you find this topic helpful, register today for the next Retirement Smart Education Series from leading retirement experts, broadcasts beginning the first week of November!

Retirement Smart for Consumers

Register soon for the series of eight webinar broadcasts that begins the first week of November and runs thru the end of December. Programs will be broadcast Sundays thru Thursdays at 9 pm eastern. If you miss a broadcast webinar, you can view the recording when convenient.

Webinars may be viewed on desktops, laptops, tablets and phones. You may replay programs when desired.

As part of the broadcasts, you will receive a PDF of the slides for taking notes and an Action Plan per course to help capture your next steps. You will also receive a Certificate of Completion once we confirm you watched all the webinars in your package. We recommend that you then take your Certificate and Action Plans to your advisor or find one who can help you implement what you’ve identified as important to do or further explore to secure your retirement.

The series of 9 webinars, including all pdf’s, Action Plan, and Certificate of Completion is available for $89.

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