Retirement income planning requires a different set of skills than other aspects of accumulation phase financial planning
In order to demonstrate proficiency in those skills, a growing number of advisors are enrolling in credential programs, including the Retirement Income Certified Professional (RICP) designation offered by the American College of Financial Services. According to a recent report, it's the fastest-growing advisor credential ever launched in the college's 87-year history. Since the RICP was launched last year, more than 3,000 advisors and insurance agents have registered fro the online program.
The curriculum covers topics like:
- Strategies to meet income needs during retirement
- How annuities fit into a retirement strategy
- How to meet healthcare insurance needs in retirement
- How portfolios should be managed during the retirement withdrawal phase
What do you think? Are you interested in pursuing the RICP or another retirement-oriented credential?