Calculating the Retirement Need WEBINAR

Overview

For most people, funding their own retirement is the largest expense they will ever have. Due to advances in medical technology and overall healthier lifestyles, it is not unusual for someone to live 30 years or more in retirement. In this course, we will discuss how to quantify and calculate the retirement needs of the client. We will talk about time value of money concepts, how to help clients quantify their retirement goals, and even how to address risk perceptions. By doing this, we will allow practitioners to be able to better address client questions and frame trade-offs when necessary.

Highlights

Overview of retirement expenses and needs. Overview of risk tolerance, time value of money and retirement planning factors. Examples of client retirement situations.

Prerequisites

Basic understanding of time value of money concepts and retirement  issues faced by clients.

Designed For

Tax practitioners and financial advisors who work with retiree clients.

Objectives

Identify key questions to be clarified with the client when quantifying retirement needs. Recall the implications of safe withdrawal rate research. Recognize the quantitative inputs and mathematical approaches to figuring out how to save for retirement.

Preparation

None.

Notice

None.