Retirement Planning Outline

  1. Retirement Planning Process
    1. Establishing Retirement Goals
    2. Retirement Needs Analysis
      1. Determination of Financial Objectives
      2. Calculation of Retirement Funds Available
      3. Calculation of Additional Funds Required
    3. Importance of Personal Savings

  2. Overview of Social Security Benefits
    1. Determining Benefits
    2. Taxation of Benefits

  3. Introduction to Qualified Retirement Plans
    1. Types of Retirement Plans
    2. Definitions
    3. Qualified Plan Vesting Schedule
    4. Factors Affecting Suitability (for individuals or types of business)
    5. Contributions
    6. Pre-Retirement Distributions
    7. Post-Retirement Distributions
    8. Retirement Plan Distribution Options
    9. Tax Treatment of Plan Distributions
    10. Tax on Excess Distributions

  4. Factors Affecting Qualified Plan Contributions or Benefits
    1. Tax considerations
    2. Comparison of Defined Contribution and Defined Benefit
    3. Definition of Compensation
    4. Multiple Plans

  5. Employer Sponsored Retirement Plans (Qualified Plan Characteristics)
    1. Defined Contribution Plans
      1. Money Purchase Pension Plan
      2. Profit-Sharing Plan
      3. Savings Plan
    2. Defined Benefit Plans
      1. Defined Benefit Pension Plan
      2. Target/Age-Weighted Plan

  6. Integration with Social Security/Disparity Limits
    1. Defined benefit plans
    2. Defined contribution plans

  7. Other Qualified Retirement Plans (Qualified Plan Characteristics)
    1. Governmental Employer Deferred Compensation (Section 457) Plan
    2. HR 10 (Keogh) Plans
    3. Section 401(k) Plan
    4. Section 403 (b) Plan
    5. Simplified Employee Pension (SEP)
    6. SIMPLE
    7. Tax Deferred Annuity

  8. Nonqualified Deferred Compensation
    • (Nonqualified Plan Characteristics)
      • ESOP/Stock Bonus Plan
      • Incentive Stock Option (ISO)
      • Nonqualified Deferred Compensation

  9. Individual Retirement Accounts (Qualified Plan Characteristics)
    1. Deductible IRA
    2. Non-Deductible IRA
    3. Roth IRA

  10. Suitability of Investment Portfolio
    1. Investment Risk
    2. Investment Constraints
    3. Investment Portfolio Evaluation

  11. Retirement Planning Strategies
    • Analysis of Factors Affecting Plan Selection
      • Contribution Limitations
      • Age
      • Eligibility Requirements

  12. Non-financial Aspects of Retirement Planning
    1. Understanding retirement … not from a job but to freedom of economic choice, to do what we choose. A modern day challenge.
    2. Life expectancy and how to improve it
    3. Lifestyle choices...start now to try them out.
    4. Personal discipline and aids to saving and investing.