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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

LOMA | Evaluated Learning Experience

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Retirement Fundamentals (SRI 111)

Formerly Retirement Marketplace (SRI 111)
Course Category: 
FSRI (Fellow, Secure Retirement Institute) Program
Location: 
Independent study and proficiency examination program administered from the central offices of LOMA.
Length: 

Varies-independent study.

Dates: 
November 2014 – Present.
Instructional delivery format: 
Proficiency exam
Learner Outcomes: 

Upon successful completion of this course, students will be able to: identify the stakeholders in a retirement system and describe the three pillars of a retirement system; describe the financial industry's role in the retirement system and distinguish between institutional and retail retirement markets; explain Social Security program benefits, funding, and challenges; describe retirement savings in workplace retirement plans; describe the importance of individual resources to having sufficient retirement income; describe personal financial risks often faced during the working years and retirement; describe financial literacy and important financial concepts such as the time value of money, including future value, present value, and the Rule of 72; describe the process of developing a financial plan; explain the types of risks involved in investing; and explain the steps in the portfolio creation process.

Instruction: 
Retirement Marketplace is an online interactive course that provides an overview of the retirement savings and income environment, with descriptions of the income needs and available resources of consumers during their pre-retirement and retirement years.
Credit recommendation: 

In the lower division baccalaureate/associate degree category OR in the upper division baccalureate degree category, 3 semester hours in Business Administration (11/14) (3/20 revalidation).

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