Education

Why Financial Education is Important

Due to recent tax law changes, an uncertain future for Social Security and the shift toward employee-directed retirement plans, the need for sound financial strategies has never been greater. In straightforward language, this class explains time-tested strategies that help you to make informed financial decisions. Whether your objective is to build a nest egg, protect your assets or preserve your lifestyle throughout retirement, this course helps you plan your future with confidence.

By attending Retirement Planning Today®, you learn about the many ways to save for retirement as well as the advantages and disadvantages of each. You discover how to save money on taxes, manage investment risks and protect your assets from potential long-term health care expenses. Above all, this course shows you how to assess your financial situation and develop a personalized plan to achieve your retirement goals.

The Difference between Education and Information

You can find trendy financial news almost anywhere but it is difficult to use this information to make informed decisions and create a plan for your retirement. This course is designed to save you time by delivering comprehensive, objective knowledge you can easily apply to your situation. When it comes to important subjects like retirement planning, it makes sense to learn from a reliable, trusted source.

Who Should Attend

Retirement Planning Today® contains something for everyone. We address financial issues that pertain to the self-employed as well as employees of corporations and government agencies. The course is designed to teach you how to build wealth and align your money with your values to accomplish your goals in life. Whether you plan to retire 20 years from now or have just recently retired, the information you learn in this class can deliver rewards throughout your lifetime.

2019 COURSE SCHEDULE

Retirement Planning Today®

LOS ANGELES HARBOR COLLEGE - WILMINGTON

June 8 & 15

9:00am-12:00pm

EAST LOS ANGELES COLLEGE - MONTEREY PARK

Aug. 3 & 10

9:00am-11:30am

VICTORY PARK - PASADENA

Sept. 7 & 14

9:00am-12:00pm

VICTORY PARK - PASADENA

Sept. 12 & 19

6:00pm-9:00pm

MT. SAN ANTONIO COLLEGE - WALNUT

Sept. 14 & 21

9:00am-11:30am

CHAFFEY COLLEGE - CHINO

Sept. 17 & 24

6:30pm-9:00pm

LOS ANGELES VALLEY COLLEGE - VALLEY GLEN

Sept. 17 & 24

6:30pm-9:30pm

CITRUS COLLEGE - GLENDORA

Sept. 18 & 25

6:30pm-9:00pm

GLENDALE COMMUNITY COLLEGE - GLENDALE

Sept. 21 & 28

9:00am-12:00pm

LOS ANGELES HARBOR COLLEGE - WILMINGTON

Oct. 5 & 12

9:00am-12:00pm

WILMINGTON, CA

Oct. 12 & 19

9:00am-12:00pm

WILMINGTON, CA

Oct. 12 & 19

9:00am-12:00pm

WILMINGTON, CA

Oct. 12 & 19

9:00am-12:00pm

WILMINGTON, CA

Oct. 12 & 19

9:00am-12:00pm

WILMINGTON, CA

Oct. 12 & 19

9:00am-12:00pm

WILMINGTON, CA

Oct. 12 & 19

9:00am-12:00pm

WILMINGTON, CA

Oct. 12 & 19

9:00am-12:00pm

WILMINGTON, CA

Oct. 12 & 19

9:00am-12:00pm

WILMINGTON, CA

Oct. 12 & 19

9:00am-12:00pm

Life Planning for Retirement

  • Traditional vs. new retirement
  • New retirement opportunities
  • Values and objectives in nine areas of life
  • The retirement planning process

Retirement Needs & Expenses

  • Early retirement trends
  • How long must your money last?
  • Inflation, prices and purchasing power
  • Retirement expectations
  • How much will you need to retire?
  • Can you retire today?

Retirement Roadblocks & Mistakes

  • Ten retirement planning mistakes
  • Financial and cash-flow statements
  • Credit and debt
  • Taxes and marginal tax rates
  • Eleven strategies to save money on taxes
  • Taxable investments
  • Capital gains income tax exclusion
  • Investments with tax advantages

Retirement Income Sources

  • Traditional IRAs
  • Roth IRAs
  • IRA to Roth IRA conversions
  • Other retirement income sources
  • Social Security eligibility and benefits
  • Employment income and Social Security
  • Employer-sponsored defined benefit plans
  • Employer-sponsored defined contribution plans

Retirement Plan Distributions

  • Retiring or changing jobs?
  • Defined benefit and contribution plans
  • Three important considerations
  • Lump sum vs. IRA transfer vs. annuity payments
  • Rollovers, direct rollovers and transfers
  • Annuity income and choices
  • Early retirement considerations
  • Minimum required distributions

Investments

  • Considerations before you invest
  • Cash accounts
  • Stocks and bonds
  • Mutual funds
  • Exchange traded funds
  • Unit investment trusts
  • Individually managed accounts
  • Tax-deferred annuities
  • Investment risk management strategies

Risk Management & Asset Protection

  • Disability income insurance
  • Health insurance and Medicare
  • Long-term care and insurance
  • Comparing life insurance

Estate Planning

  • Planning for incapacity
  • Taxes
  • A will may not be enough
  • Probate
  • Gifting assets
  • Joint ownership of property
  • Direct transfer assets
  • Benefits of trusts
  • Types of trusts

Course Preview

Section 1 – Life Planning for Retirement

What do you want to accomplish during your retirement years? Travel? Volunteer or work part-time? Pursue hobbies? To financially prepare for your retirement, you need a clear idea of your retirement and lifestyle goals. This course begins with quick, individual exercises to help you begin thinking about non-financial retirement planning.

Today, many pre-retirees see themselves living their retirement years in a much different way than their parents did. As a result, the entire planning process has changed. This more progressive approach is explored throughout this course.

Section 2 – Retirement Needs & Expenses

What are your retirement expectations? According to the Employee Benefit Research Institute, 60% of workers are very or somewhat confident they will have enough money to “live comfortably” throughout retirement. However, only 41% had actually tried to calculate how much they will need to save!

This course contains exercises to help you determine how much money you will need to retire in the future. If you are quickly approaching retirement, we examine whether you can retire today based on the annual income you desire.

Section 3 – Retirement Roadblocks & Mistakes

In this section, we identify the 10 biggest retirement planning mistakes and how to avoid them. The highlight of this section is 11 strategies for saving money on this year’s taxes.

Section 4 – Retirement Income Sources

This section investigates the many ways to save for retirement and discusses the advantages and disadvantages of each. You learn whether you should convert your IRA to a Roth IRA, and if so, whether it is to your advantage to make the conversion over one or multiple years. Finally, we look at employer-sponsored retirement plans and Social Security benefits to examine important choices you must make.

Section 5 – Retirement Plan Distributions

This expanded section addresses the crucial decisions people must make about their retirement plans when they actually retire. In most cases, these decisions cannot be reversed. We discuss strategies that allow you to take money out of your retirement plans while maintaining financial flexibility during retirement. Above all, we compare retirement plan distribution choices to help you make an informed decision.

You also learn strategies to minimize taxes on your retirement income and avoid tax penalties of up to 50%. Finally, we explain rules for early access to your retirement funds.

Section 6 – Investments

In the most extensive section of this course, you learn about cash accounts, stocks, bonds, mutual funds, exchange traded funds, individually managed accounts, tax-deferred annuities and important considerations before you invest. The highlight of this section is 5 strategies for managing investment risks.

Section 7 – Risk Management & Asset Protection

This section addresses strategies designed to protect you from a large financial loss prior to or during retirement. You learn what questions to ask before buying insurance coverage. We investigate many aspects of long-term health care including: the chances you will need it, how much it can cost, who should purchase insurance and alternatives to purchasing coverage. We also compare the different types of life insurance and discuss how to select coverage so you and your family can make an informed decision.

Section 8 – Estate Planning

Estate planning isn’t just about money and includes much more than planning for your death. It involves personal decisions that affect you, your family and loved ones even while you are still living. As a result of recent tax law changes, estate planning is a moving target. We discuss how to plan for today and for your future.

You learn strategies and techniques to minimize or eliminate income, gift and estate taxes, expenses, delays, legal challenges and a shortage of liquid assets following your death. We also address the best way to hold joint ownership of property (or other assets) based on your situation.

What You Receive

Classroom Instruction

Retirement Planning Today® is both entertaining and informative. Classroom sessions are instructed by a qualified financial professional who enhances the presentation with stories of real-life experiences. Attendees enjoy the interaction lecture format where participation and questions are encouraged but not required.

Course Textbook

This course includes a financial planning and retirement textbook with examples and illustrations, which is yours to keep. It helps you follow along with the classroom presentation and also contains valuable bonus worksheets. Written in easy-to-understand terms, your textbook helps you learn more about the financial concepts discussed in class, provides a step-by-step process to apply your knowledge and becomes a useful reference tool after the course is complete.

Objective Education

Unlike financial seminars that focus on a specific topic, this comprehensive course helps you see the “big picture.” It examines many aspects of personal finance and how they can work together to create an integrated retirement plan. This course is educational and non-commercial. No specific financial products are discussed or sold.

Peter C. Han

Principal

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Peter C. Han

Principal

Peter Han has been in the institutional and retail financial services industry since 1997. Prior to co-founding Harvest Financial, he spent seven years as an investment banker at Duff & Phelps, LLC, where he worked on venture capital,...

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Edward Yoon

Principal

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Edward Yoon

Principal

Edward Yoon has served in the financial services industry since 1994, most recently as Vice President of Investments at UBS. He holds a FINRA Series 7 General Securities and Series 63 and 65 designations with First Allied Securities,...

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