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2016 2nd Qtr issue – InFRE’s free newsletter – 1.0 CE credit

InFRE's 2016 2nd Qtr Issue of Retirement Insight and Trends

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The quarterly newsletter from the International Foundation for Retirement Education’s to help retirement professionals keep abreast of what’s happening in the field of retirement readiness, counseling, planning and income management.

In this retirement-specific newsletter, planners will learn:

  1. “How Middle Income Retirees Plan For and Manage Their Risks, Assets and Spending Decisions in Retirement” by Mathew Greenwald, PhD, Retirement Research Expert. You will learn of retirees’ biggest financial concerns about retirement; the most common financial shocks experienced in retirement and their impact; how people deal with a variety of retirement risks; how people their manage income and spending retirement years.
  2. “A Primer for Advisors on the Aging Brain: Understanding Cognitive Impairment, Taking Action Steps” by Sandra Timmermann, EdD, Gerontologist, Successful Aging in Retirement Expert. You will learn about the aging brain; gain a better understanding of diseases of the brain such as Alzheimer’s and the behaviors that result; discover normal age-related changes in memory that occur in the brain and strategies to maintain brain health; better understand how to detect elder financial abuse; learn possible interventions and actions that advisors can take before and after their clients become cognitively impaired.
  3. “Retirement Income Sustainability: Measuring the Tail Risk of Product Portfolios” by Faisal Habib, PE, MBA, FRM, President of QWeMA, a division of CANNEX Financial Exchanges Limited. You will learn about the risks faced by clients as they transition into retirement; metrics that are used to build optimal product allocation between annuities and traditional investments; how to measure the tail risk of product portfolios; identify the client portfolios that need careful (or constant) monitoring using these metrics; experience a case study that applies these metrics and help your clients manage the risks in their portfolios.
  4. “How Work & Marriage Trends Affect Social Security’s Family Benefits” by Steven A. Sass, Center for Retirement Research.

The articles below comprise the 2016 2nd Qtr Issue of Retirement Insight and Trends. Click on the links below to read each article online separately, or click here to view and print the issue in its entirety.

Follow the link at the end to access the quiz, and upon passing with 70% or greater you may receive 1.0 hours of CFP®, CRC®, ASPPA, CLU®, ChFC®, CASL and other CE credit!

 

Welcome to InFRE’s July, 2016 Issue of Retirement Insight and Trends

on JULY 11, 2016

Retirement InSight and Trends is the quarterly newsletter for the International Foundation for Retirement Education’s Certified Retirement Counselors® (CRC®s) to help retirement professionals with the practical application of new retirement readiness, counseling, planning and income management concepts for the mid-market. Find out more about the CRC® and […]
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July, 2016 InFRE Update: The CRC® Exam is Now Offered via Computer Based Testing

on JULY 11, 2016

Starting with the July administration of the CRC® comprehensive examination, Candidates will be able to take the exam at computer based testing centers. InFRE is partnering with PSI and their network of over 300 testing centers nationwide. Computer based testing provides a more efficient and secure method for exam administration and is part of a […]
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How Middle Income Retirees Plan For and Manage Their Risks, Assets and Spending Decisions in Retirement

on JULY 11, 2016

By the Society of Actuaries and Mathew Greenwald, PhD, Retirement Research Expert

Why has the Society of Actuaries created this body of research over the last 20 years? The complexity of retirement security is increasing. A lot of defined benefit plans have gone away. Even in the public sector, where benefits are being pulled back, more responsibility is being put onto American workers for their retirement security. The lack of financial literacy and lack of planning for the future are big problems. There is less retiree health coverage so we’ll have to fund more of these costs on our own. Retirement periods are longer. The definition of retirement is changing. People have to work longer than they expected. […]
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A Primer for Advisors on the Aging Brain: Understanding Cognitive Impairment, Taking Action Steps

on JULY 11, 2016

By Sandra Timmermann, EdD, Gerontologist, Successful Aging in Retirement Expert

People often ask me what a gerontologist is. That is someone who studies the sociological, psychological and biological aspects of aging and its application. My hope today is that you can come away with some new information about the brain that you can understand what the difference is between the diseases and normal age-related changes and also how to detect some of the symptoms of the disease plus elder financial abuse which is a really growing concern in our field.
The truth is that Alzheimer’s is the most feared disease even beyond cancer or a stroke and it is something that we all worry about and when we start thinking about our own memory we often say “a senior moment” or “what’s happening? Is something bad happening to my brain?” […]
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Retirement Income Sustainability: Measuring the Tail Risk of Product Portfolios

on JULY 11, 2016

By Faisal Habib, PE, MBA, FRM, President of QWeMA (pronounced KWEE-MA), a division of CANNEX Financial Exchanges Limited

Why do we want to talk about retirement risks and management of these risks? The trend has been to move away from DB plans to what is known as defined contribution, or DC, plans. While the control of assets allocation has moved over to the individual, so have the risks that are unique in retirement.

So, let me start out with this very simple question. How much do I need at age 65 to generate $1,000 per month during retirement? One approach, the present value of annuity formula, calculates the present value of $1 of periodic payment. I can calculate this once I have the inputs, and then multiply by my payment that I’m seeking, which is $1,000, to obtain the answer. With this formula, I need two pieces of information: the rate of return and the time spent in retirement. What number should I use for the 65-year-old male? Is survival to age 80 appropriate? Six out of 10 65-year-old males will make it to age 80. Shall I use something in between, say, 80 and 85 because somewhere in between is the halfway point? […]
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How Work & Marriage Trends Affect Social Security’s Family Benefits

on JULY 11, 2016

June 2016, Number 16-9, CENTER FOR RETIREMENT RESEARCH, at Boston College
By Steven A. Sass
The following is an excerpt with permission from the Center for Retirement Research at Boston College.

Introduction
Social Security aims to provide retirees a basic old-age income after a lifetime of work. Monthly benefits were designed to replace a greater share of the earnings of low-wage workers, who spend a greater share of their income on necessities than high-wage workers. Social Security likewise includes spousal and survivor benefits. These “family benefits” were designed for the standard family unit when the program was created in the 1930s – a married couple in which the husband was the breadwinner and the wife a homemaker. […]
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Earn 1 free Continuing Education (CE) credit for the July, 2016 Issue of InFRE’s Retirement InSight and Trends

on JULY 11, 2016

You can earn 1 CRC®, CFP®, ASPPA, and the American College’s Professional Recertification Program (CLU®, ChFC®, CASL) CE credit (click here to pay $15.00 reporting fee for CFP CE, no extra fee for Professional Development Memberships) for the July, 2016 issue of Retirement InSight and Trends.
Click here to access the quiz.
When you have completed the last question, click the “submit” button to submit your final answers. You may not return to review or change your answers after clicking submit or if you close the browser window. You may restart the quiz if needed.
A score of 70% is required to pass the quiz and earn CE credit. You will see your score on your screen upon submitting your answers. An email will automatically be sent to you for your records as proof of successful completion. […]
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