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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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Planning for a Secure Retirement (SRI 131)


Varies-independent study. 

Independent study and proficiency examination program administered from the central offices of LOMA.
November 2014 – Present.
Instructional delivery format: 
Proficiency exam
Learner Outcomes: 

Upon successful completion of this course, students will be able to: outline important decisions people face as they near retirement―including when to retire, where to retire, and how to ensure a successful retirement and the strategies they can use to optimize the outcomes of those decisions; describe the personal goal setting process, recognize effective methods for managing savings and spending habits, and develop an investment plan based on personal characteristics such as risk tolerance and investment concepts such as asset allocation and diversification; describe how Social Security benefits are determined, explain the methods people can use to turn pre-retirement savings into a steady stream of retirement income, and understand how regulatory requirements and taxes affect withdrawal rates from qualified and nonqualified sources of retirement income; explain how inflation and longevity influence a person's retirement income needs, and the methods people use to determine income needs at retirement; describe the tax consequences of receiving benefits from a tax-advantaged retirement plan in a lump-sum distribution; recognize the importance of managing cash inflows and outflows during retirement and explain the strategies people can use to manage credit and cash flows; explain how insurance can help manage retirement risks such as health risks, mortality/longevity risks, and property/liability risks by transferring some or all of the financial losses associated with those risks to another party; and explain how wills are used to transfer property, the key people involved in creating and administering a will, and the requirements of a valid will.

Planning for a Secure Retirement is an online interactive course that describes the tools and other resources people can use to create a retirement plan that helps them reach their retirement goals, outlining steps in the planning process and behavioral factors that explain why people should create retirement plans, It also describes some of the important components of a comprehensive retirement plan, including decisions facing people as they near retirement and strategies they can use to accumulate assets and then turn those assets into a steady stream of retirement income.
Credit recommendation: 

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