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.