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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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Successful Retirement Outcomes (SRI 210)

Location: 

Various; distance learning format.

Length: 

Varies; independent study. 

Dates: 

June 2015 - Present. 

Instructional delivery format: 
Online/distance learning
Learner Outcomes: 

Upon successful completion of this course, students will be able to: educate customers about post-retirement risks and recommend specific solutions; describe the different sources of retirement income, such as Social Security retirement. benefits, tax-advantaged retirement plans, IRAs, investments, and nonqualified annuities; explain important decisions that individuals generally must make with regard to each source; explain the importance of Medicare insurance, Medigap policies, and Long-Term Care Insurance (LTCI) policies in a retirement income plan; evaluate an individual’s or couple’s retirement readiness and recommend solutions to a potential retirement shortfall; explain how this evaluation can be performed with and without the use of retirement planning calculators; describe income-generating strategies used in the decumulation phase, such as the systematic withdrawal strategy, the bucket strategy, and the flooring strategy; explain the importance of asset allocation and periodic rebalancing during retirement; explain why a retiree would want stocks, bonds, and/or mutual funds in his or her retirement investment portfolio and describe the risks each poses; and discuss the requirements an individual retirement account and an individual retirement annuity must meet to qualify for favorable federal tax treatment, including contribution requirements and minimum distribution requirements.

Instruction: 

Successful Retirement Outcomes (SRI 210) is a highly interactive online course that describes the importance of retirement income planning in the decumulation phase of retirement. Learners will gain knowledge of the essential steps in retirement income planning, including how an individual or couple calculates the amount of income needed to satisfy retirement goals; evaluates income sources and expenses to determine whether a shortfall exists; and then develops, implements, and monitors a strategy for generating income and protecting assets.

Credit recommendation: 

In the associate/certificate degree category, 3 semester hours as a Business Administration or Insurance elective (11/17).

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