HS 326 Planning for Retirement Needs
Learning Objectives
Upon completion of this course, the student will be able to:
- Analyze the factors affecting retirement planning, such as determining the remaining work life expectancy, retirement life expectancy, annual savings needed, and understanding investment considerations
- Understand the fundamental principles of qualified plans
- Compare and contrast the various types of qualified pension plans and determine which is the most appropriate given the needs and goals of an employer
- Compare and contrast profit sharing plans, stock bonus plans, and ESOPs along with the advantages and limitations of each
- Understand the tax treatment of distributions from qualified plans
- Describe the steps involved to install a qualified plan, requirements needed to administer a plan, and what events would call for the termination of a plan
- Discuss the advantages, limitations, and taxation of IRAs and SEPs
- Compare and contrast SIMPLE, 403(b), and 457 retirement plans along with the advantages and limitations of each
- Discuss the taxation of nonqualified plans and compare and contrast Social Security claiming strategies given the impact of taxation and other limitations that may apply
- Compare and contrast employee fringe and group benefits along with the advantages and limitations of each