Retirement Planning Basics

Master Retirement Planning: Principles, Advantaged Accounts, and Steps for a Secure Future

What you'll learn

Understand key retirement planning concepts, including tax-advantaged accounts like 401(k), IRA, and Roth IRA.

Learn how to create a personalized retirement strategy.

Explore top principles of retirement planning, for example, diversification.

Gain practical insights through hypothetical examples to ensure a stable financial position after retirement.

Requirements

A stable and secure internet connection

A device that enables individuals to access the course videos

Description

The Retirement Planning Basics course is designed to equip you with the fundamental knowledge and strategies to plan for a secure and successful retirement. Through a comprehensive, step-by-step approach, this course covers essential topics, starting with an Introduction to retirement planning and its importance. You will explore the meaning of retirement planning, followed by a deep dive into the historical background of the U.S. social security laws and retirement accounts, including 401(k), IRA, Roth IRA, and employer-sponsored retirement plans, highlighting their tax advantages.This course also covers the top principles of retirement planning, helping you understand key concepts like diversification, risk management, and the importance of savings. You will learn about the types of retirement planning and discover the steps to successful retirement planning, providing a clear roadmap for creating a personalized retirement strategy.To assist with real-life application, this course includes hypothetical examples and a case study. The precautions or red flags section offers you crucial insights into potential pitfalls to avoid. You will also learn how to effectively navigate your retirement plan over the years, adjusting for factors like inflation, economic shifts, and lifestyle changes. This course ensures you’re well-prepared to manage your retirement journey with confidence.

Overview

Section 1: Retirement Planning Basics

Lecture 1 Introduction - Retirement Planning

Lecture 2 Meaning of Retirement Planning

Lecture 3 Historical Background

Lecture 4 Top Principles of Retirement Planning

Lecture 5 Types of Retirement Plans

Lecture 6 Steps to Plan Retirement Successfully

Lecture 7 How Much to Save and When to Retire

Lecture 8 Precautions or Red Flags to Consider

Lecture 9 Navigating Your Retirement Plannings Over the Year

Lecture 10 Case Studies

Lecture 11 Conclusion

Lecture 12 Key Takeaways

Lecture 13 Glossary

Lecture 14 Retirement Planning FAQs

Young professionals wanting to start retirement planning early,Mid-career individuals looking to optimize their retirement savings and strategy.,Anyone considering retirement,People seeking guidance on how to create a solid plan.,Investors who want to understand retirement accounts like 401(k), IRA, and Roth IRA,People looking understand how retirement planning works with examples