For a generation of Americans retirement looms as some object in the distance, advancing but not quite distinct. Inundated by Madison Avenue with all kinds of targeted marketing, all these folks really want is someone to explain how the years that follow a lifetime of hard work can be secure, healthy, and happy. Financial advisers have become that link to reality. In advising clients, they need to know the whole person, assess their financial goals and objectives, and provide the appropriate products and services to help the individual make an informed decision.
It seems an easy formula; however, retirement needs can only be assessed on an individual basis. This is the challenge facing financial advisers today. Armed with sophisticated analyses and simulations to wow clients, the crucial issue remains communicating suitable strategies and investment choices to help retirees live a lifestyle that allows them to flourish in the years ahead.
Using lecture, panel discussion, and Q&A, a team of experts will explore many facets of the retirement planning issue. After completing this program, you will be able to:
- Define the term “security” in relation to the new definition of retirement
- Identify the challenges facing the future of Social Security benefits, such as the inadequacies in the system and changes in family work patterns
- Examine the trends in the 401(k) landscape
- Understand how implementing “what if” scenarios can help your client’s decisions
- Identify minimum required distribution (MRD) strategies and investment options that may be suitable for the client
Educational Level: Intermediate to advanced
Team of Experts:
E. Craig MacBean is a financial gerontologist in private practice with expertise in frailty planning, long-term care insurance, annuities, life and health insurance—and theology, ethics, and spirituality. He is the originator of Life-based™ Planning and Systems, an integrated approach to supporting individual flourishing in all domains of living. MacBean is a member of the Board of Directors of the National Council on Aging (NCOA) and the incoming President of the Virginia Association on Aging. He is the author of Thriving After 55: Your Guide to Fully Living the Rest of Your Life and an accomplished writer, speaker, and educator on topics that span all seven domains of living from midlife on.
Bruce D. Schobel, CLU, FSA, FCA, MAAA is vice president and an actuary of New York Life Insurance Company, which he joined in 1990. Before that, he was principal of William M. Mercer, Inc., an actuarial consulting firm. From 1979-1988 he was with the U.S. Social Security Administration in various actuarial and policy-development positions, including senior policy advisor to the Commissioner and staff actuary to the National Commission on Social Security Reform (the “Greenspan Commission”). A frequent speaker and writer on Social Security and tax matters, Schobel’s papers and articles have appeared in The Wall Street Journal, Policy Review, The Journal of International Taxation and numerous actuarial publications.
April K. Caudill, JD, CLU, ChFC is Managing Editor of Tax Facts and Advanced Sales Reference Service at The National Underwriter Company, headquartered outside Cincinnati, Ohio. Her areas of specialty include qualified plans, ERISA, distribution planning, and the taxation of investments. Caudill is an associate editor and pension planning columnist for the Journal of Financial Service Professionals and a member of the national board of directors for the Society of Financial Service Professionals.
Available on DVD only. Books not available.