In this module you will learn how to assess retirement needs for a client. Once the client’s needs are established, you will learn how to incorporate other sources of retirement income such as Social Security benefits in order to determine the remaining need. You will also learn how inflation erodes purchasing power and how to account for inflation when calculating the amount a client needs to accumulate for retirement. From there you will learn about personal and employer-based retirement plans that may be used to build retirement account values on a tax-favored basis, as well as retirement distributions and asset allocation in retirement.

Author: Craig Kinnunen, MS, CFP®

Craig Kinnunen, MS, CFP®is an associate professor at the College for Financial Planning. Prior to joining the College, Craig enjoyed a long and successful career in personal financial planning and wealth management. Craig’s enthusiasm for financial planning extends beyond the classroom, as he also spends time providing pro bono financial education and individual financial counseling to members of the Colorado National Guard. Craig earned a bachelor of science degree in accounting from Northern Michigan University and followed that up with a master of science degree in finance from the University of Colorado in Denver. You can contact Craig at craig.kinnunen@cffp.edu.

Complexity Level: Intermediate