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FSRI Level I

Certificate in Retirement Essentials

Available in: English

Overview

The first level in the Fellow, Secure Retirement Institute (FSRI) provides an overview of the retirement marketplace and a strong foundation in retirement principles, products, and planning.

The three Level 1 courses:

  • Provide foundational knowledge to help employees understand the retirement financial services environment in the United States including the retail and institutional marketplaces, qualified and non-qualified retirement plans, and products for saving and investing
  • Describe tax issues related to retirement savings and how various retirement plans and products work in the accumulation and decumulation stages

A Certificate in Retirement Essentials is awarded upon completion of three required courses, which are delivered in an online interactive format with integrated exams.


Topics

  • Overview of the Retirement Savings and Income Environment
  • Retirement Income Needs and Resources
  • Retirement Financial Services Organizations, Products, Plans, and Services
  • Personal and Financial Risks Associated with Retirement
  • Risk and Return and Risk Management for Individuals
  • Time Value of Money and Portfolio Management Concepts
  • Retirement Plans: Pension, Target Benefit, 401(k), Others
  • Plan Types and Features; Qualification Rules; Benefits, Limitations, Taxation; Investment Options for Institutional Clients
  • Retail Retirement Savings and Income Arrangements: Annuities, IRAs, Small Business Plans, and Nonqualified Plans
  • Investment Options under Annuities, IRAs, Mutual Funds, Other Investments; Types and Features; Taxation, Benefits, Limitations
  • Planning for a Secure Retirement
  • Overview and Importance of Retirement Planning
  • Resources for Retirement Planning: Tools and Advisors
  • Accumulation Planning
  • Pre-Retirement Decisions: Timing of Retirement, Location, Housing, and Reallocating Investments
  • Decumulation Planning and Managing and Spending Income
  • Retirement Plan Components: Cash Management, Asset Protection, Estate Management

Courses

Learners must complete three required courses to earn the Certificate in Retirement Essentials.

SRI 111 — Retirement Marketplace

This online interactive course provides an overview of the needs of people preparing for retirement, the key providers and products that offer solutions to those needs, and the critical concepts that affect retirement planning.

SRI 121 — Retirement Savings and Investments

This online interactive course is designed to familiarize students with various retail and institutional financial products used to save and invest for retirement, as well as the tax implications of those products.

SRI 131 — Planning for a Secure Retirement

This online interactive course takes learners through the retirement planning process, identifies the tools that are available to help individuals create a retirement plan, and describes the primary components of a comprehensive retirement plan.

This course is currently under development, with availability projected for mid-2014.

Curriculum

Level 1: Certificate
Required courses
Learners must complete all three required courses
to earn the Certificate.
SRI 111SRI 121SRI 131
Retirement MarketplaceRetirement Savings and InvestmentsPlanning for a Secure Retirement
Available
now		Available
now		Available
in 2014
Level I: LOMA awards a personalized certificate to learners upon successful completion of SRI 111, SRI 121, and SRI 131.

Course Credit Notes

Learners who have credit for the other LOMA courses below automatically receive credit for the applicable retirement-program course shown.

Retirement program courseExisting course
SRI 111 — Retirement MarketplaceLOMA 286 or AAPA 273
SRI 131 — Planning for a Secure RetirementLOMA 305
  • LOMA 286, LOMA 305, and AAPA 273 will be offered only until the end of 2014.
  • The FFSI and AAPA designations will be awarded only until the end of 2015.