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.