Syllabus for Roster(s):
- 13F NCPR 504-701 (SCPS)
Syllabus
Retirement Planning Fall 2013
Instructor: James P. Simos
Email: jps8q@virginia.edu or njss@aol.com
Phone: (703) 231-6280
Pre-requisites:
Required:
Undergraduate:
Time value of money
Economic principles
Basic statistics
Recommended:
Undergraduate:
A course in introductory finance or personal finance which includes time value of money concepts and investing basics – recommended
Microeconomics – recommended
Graduate:
Basic Statistics/Quantitative Methods – recommended
Non-Credit Certificate Program
Lecture Days/Time: August 28, 2013 – December 12, 2013, Wednesdays, 6:30pm – 9:45pm
Contact Hours: minimum 3 contact hours per week over 15 weeks
Non Credit Certificate Program
Course Description:
This course provides the student with an understanding of the various types of retirement plans both qualified and nonqualified as well as Social Security and its integration into retirement plans and other employee benefits including stock options.
Course Objectives:
Upon successful completion of this course, students should be able to:
· Understand the difference between qualified and nonqualified pension plans.
· Know the different types of retirement plans available to employers and employees.
· Compute the amount of retirement savings an employee needs to retire in the manner he would like.
· Explain the various distribution options from qualified plans.
In addition to developing technical expertise in the course subject matter, this course develops and fosters:
· Communication skills, both written and oral
· Critical thinking
· Decision-making
· Team work
· Intellectual curiosity and lifelong learning
Required Textbook(s):
Dalton, Michael A. (2010). Retirement Planning and Employee Benefits for Financial Planners. 9th Ed. Me Publishing (Your Money Education Resource). St. Rose, LA. http://money-education.com/retirement.html or call 1-888-295-6023
Required Knowledge/Materials:
Financial calculator – HP12c preferred.
Other Recommended Material:
Access to financial publications: The Wall Street Journal, Investor’s Business Daily
Access to the Internet
Suggested Web Sites:
- http://www.sec.gov/
- http://www.nasd.com/
- http://www.bloomberg.com/
- http://www.morningstar.com/
- http://www.nber.com/
- http://www.cme.com/
- www.bondmarkets.com
Tests
Tests will consist of multiple choice questions and short computational problems. .
Grading: Grading criteria for the class will be as follows. A grade of 80 or higher is required by
The CFP Board. UVA requires a grade of 70 or higher to pass.
§ The final grade for the class will be calculated as follows:
|
Grading Breakdown |
Pct |
|
Participation |
10% |
|
Tests |
80% |
|
Final Exam |
10% |
|
Total |
100% |
Grading Scale:
|
P |
70-100 |
|
F |
69 and below |
Course Policies:
Attendance
Attendance in this class is very important and critical to your success in the ultimate goal, passing the CFP exam.
Make up work
Communication is very important in this course. If you will be late submitting an assignment, please contact me ahead of time. Any work that is missed is your responsibility to make up and submit.
Plagiarism
All work submitted by students must be their own. Plagiarism may result in an automatic grade of “F”. Please reference by name and/or link other author’s work.
The Academic Honor System
The University of Virginia academic honor system embodies many of Mr. Jefferson's principles. The purpose of the Honor System is to sustain and protect a community of trust in which students can enjoy the freedom to develop their intellectual and personal potential. The concept of an honor system implies that students commit themselves to the pursuit of truth. At the Division of Continuing Education, course is conducted in the spirit of the Honor System.
*** Please include the following academic honor statement on all assignments:
“On my honor, I pledge that I have neither given nor received help on this assignment.”
Course Outline – the professor retains the right to modify this outline however, any modifications will not be unreasonable:
|
Week |
Content; Assignments; Tests; Exam
|
|
|
|
Week 1
9/4
Read Chapters 1 & 2 |
Introduction to Retirement Planning Interested parties: Employees, Employers, Professional and Institutions, and Government.
Perspective of the text. Introduction to Retirement Funding Remaining Life Expectancy Retirement Life Expectancy Managing Retirement Distribution
|
|
|
|
Week 2
9/11
Read Chapters 2 & 3
|
Introduction to Retirement Funding (cont.) Retirement Needs Analysis Capital Needs Analysis
Qualified Plan Overview Advantages of Qualified Plans Qualification Requirements Controlled Group
|
|
|
|
Week 3 Read Chapter 4
9/18
Week4
Read Chapter 5
9/25
|
Qualified Pension Plans
Pension Plan Characteristics Defined Benefit vs. Defined Contribution Plans Cash Balance Pension Plans Money Purchase Pension Plans Tangible Benefit Pension Plans
Profit Sharing Plans Profit Sharing Plans Cash or Deferred Arrangements (CODA) [401(k) Plans]
|
|
|
|
Week 5
Read Chapter 6
10/2
|
Stock Bonus and Employee Stock Ownership Plans Stock Bonus Plans Employee Stock Ownership Plans
|
|
|
|
Week 6
Read Chapter 7
10/9
|
Distributions from Qualified Plans Distribution Options Taxation of Distributions Distributions Prior to 59.5 Minimum Distributions Planning for Qualified Plans and IRA Beneficiaries |
|
|
|
Week 7
10/16
Read Chapter 8
Week 8
10/23
Read Chapter 9
Week 9
10/30
Read Chapter 10
|
Installation, Administration, and Termination of Qualified Plans Qualified Plan Selection Establishing a Qualified Plan Administration Amending and Terminating a Qualified Plan
IRAS and SEPS IRAs SEPs SARSEPs
Simple, 403(b), and 457 Plans Simples 403(b) Plans and Tax Sheltered Annuities (TSAs) 457 Plans
|
|
|
||
|
Week 10
11/6
Read Chapter 11
|
Test #3
|
|
|
||
|
Week 11
11/13
Read Chapter 11
|
Deferred Compensation and Nonqualified Plans Income Tax Issues Funding Arrangements and Types of Nonqualified Deferred Compensation Plans Employee Stock Options and Stock Plans
|
|
|
||
|
Week 12
11/20
Read Chapter 12 |
Employee Benefits: Fringe Benefits Specific Fringe Benefits Valuation Rules Applying to Fringe Benefits
|
|
|
|
Week 13
12/5
Read Chapter 13
|
Employee Benefits: Group Benefits Medical Plans Group Term Life Insurance Group Disability Insurance Cafeteria Plans Flexible Spending Accounts Other Employee Benefits Employer/Employee Insurance Arrangements
|
|
|
|
|
Week 14
12/12
Read Chapter 14
|
Test #4 |
|
|
|
|
Week 15
12/19 |
Case Study Presentations |
|
|
|
SYLLABUS
Retirement Planning Fall 2013
Instructor: James P. Simos
Email: jps8q@virginia.edu or njss@aol.com
Phone: (703) 231-6280
Pre-requisites:
Required:
Undergraduate:
Time value of money
Economic principles
Basic statistics
Recommended:
Undergraduate:
A course in introductory finance or personal finance which includes time value of money concepts and investing basics – recommended
Microeconomics – recommended
Graduate:
Basic Statistics/Quantitative Methods – recommended
Non-Credit Certificate Program
Lecture Days/Time: August 28, 2013 – December 12, 2013, Wednesdays, 6:30pm – 9:45pm
Contact Hours: minimum 3 contact hours per week over 15 weeks
Non Credit Certificate Program
Course Description:
This course provides the student with an understanding of the various types of retirement plans both qualified and nonqualified as well as Social Security and its integration into retirement plans and other employee benefits including stock options.
Course Objectives:
Upon successful completion of this course, students should be able to:
· Understand the difference between qualified and nonqualified pension plans.
· Know the different types of retirement plans available to employers and employees.
· Compute the amount of retirement savings an employee needs to retire in the manner he would like.
· Explain the various distribution options from qualified plans.
In addition to developing technical expertise in the course subject matter, this course develops and fosters:
· Communication skills, both written and oral
· Critical thinking
· Decision-making
· Team work
· Intellectual curiosity and lifelong learning
Required Textbook(s):
Dalton, Michael A. (2010). Retirement Planning and Employee Benefits for Financial Planners. 9th Ed. Me Publishing (Your Money Education Resource). St. Rose, LA. http://money-education.com/retirement.html or call 1-888-295-6023
Required Knowledge/Materials:
Financial calculator – HP12c preferred.
Other Recommended Material:
Access to financial publications: The Wall Street Journal, Investor’s Business Daily
Access to the Internet
Suggested Web Sites:
- http://www.sec.gov/
- http://www.nasd.com/
- http://www.bloomberg.com/
- http://www.morningstar.com/
- http://www.nber.com/
- http://www.cme.com/
- www.bondmarkets.com
Tests
Tests will consist of multiple choice questions and short computational problems. .
Grading: Grading criteria for the class will be as follows. A grade of 80 or higher is required by
The CFP Board. UVA requires a grade of 70 or higher to pass.
§ The final grade for the class will be calculated as follows:
|
Grading Breakdown |
Pct |
|
Participation |
10% |
|
Tests |
80% |
|
Final Exam |
10% |
|
Total |
100% |
Grading Scale:
|
P |
70-100 |
|
F |
69 and below |
Course Policies:
Attendance
Attendance in this class is very important and critical to your success in the ultimate goal, passing the CFP exam.
Make up work
Communication is very important in this course. If you will be late submitting an assignment, please contact me ahead of time. Any work that is missed is your responsibility to make up and submit.
Plagiarism
All work submitted by students must be their own. Plagiarism may result in an automatic grade of “F”. Please reference by name and/or link other author’s work.
The Academic Honor System
The University of Virginia academic honor system embodies many of Mr. Jefferson's principles. The purpose of the Honor System is to sustain and protect a community of trust in which students can enjoy the freedom to develop their intellectual and personal potential. The concept of an honor system implies that students commit themselves to the pursuit of truth. At the Division of Continuing Education, course is conducted in the spirit of the Honor System.
*** Please include the following academic honor statement on all assignments:
“On my honor, I pledge that I have neither given nor received help on this assignment.”
Course Outline – the professor retains the right to modify this outline however, any modifications will not be unreasonable:
|
Week |
Content; Assignments; Tests; Exam
|
|
|
|
Week 1
9/4
Read Chapters 1 & 2 |
Introduction to Retirement Planning Interested parties: Employees, Employers, Professional and Institutions, and Government.
Perspective of the text. Introduction to Retirement Funding Remaining Life Expectancy Retirement Life Expectancy Managing Retirement Distribution
|
|
|
|
Week 2
9/11
Read Chapters 2 & 3
|
Introduction to Retirement Funding (cont.) Retirement Needs Analysis Capital Needs Analysis
Qualified Plan Overview Advantages of Qualified Plans Qualification Requirements Controlled Group
|
|
|
|
Week 3 Read Chapter 4
9/18
Week4
Read Chapter 5
9/25
|
Qualified Pension Plans
Pension Plan Characteristics Defined Benefit vs. Defined Contribution Plans Cash Balance Pension Plans Money Purchase Pension Plans Tangible Benefit Pension Plans
Profit Sharing Plans Profit Sharing Plans Cash or Deferred Arrangements (CODA) [401(k) Plans]
|
|
|
|
Week 5
Read Chapter 6
10/2
|
Stock Bonus and Employee Stock Ownership Plans Stock Bonus Plans Employee Stock Ownership Plans
|
|
|
|
Week 6
Read Chapter 7
10/9
|
Distributions from Qualified Plans Distribution Options Taxation of Distributions Distributions Prior to 59.5 Minimum Distributions Planning for Qualified Plans and IRA Beneficiaries |
|
|
|
Week 7
10/16
Read Chapter 8
Week 8
10/23
Read Chapter 9
Week 9
10/30
Read Chapter 10
|
Installation, Administration, and Termination of Qualified Plans Qualified Plan Selection Establishing a Qualified Plan Administration Amending and Terminating a Qualified Plan
IRAS and SEPS IRAs SEPs SARSEPs
Simple, 403(b), and 457 Plans Simples 403(b) Plans and Tax Sheltered Annuities (TSAs) 457 Plans
|
|
|
||
|
Week 10
11/6
Read Chapter 11
|
Test #3
|
|
|
||
|
Week 11
11/13
Read Chapter 11
|
Deferred Compensation and Nonqualified Plans Income Tax Issues Funding Arrangements and Types of Nonqualified Deferred Compensation Plans Employee Stock Options and Stock Plans
|
|
|
||
|
Week 12
11/20
Read Chapter 12 |
Employee Benefits: Fringe Benefits Specific Fringe Benefits Valuation Rules Applying to Fringe Benefits
|
|
|
|
Week 13
12/5
Read Chapter 13
|
Employee Benefits: Group Benefits Medical Plans Group Term Life Insurance Group Disability Insurance Cafeteria Plans Flexible Spending Accounts Other Employee Benefits Employer/Employee Insurance Arrangements
|
|
|
|
|
Week 14
12/12
Read Chapter 14
|
Test #4 |
|
|
|
|
Week 15
12/19 |
Case Study Presentations |
|
|
|