The Basics of Income Allocation
By CE Corner
Income allocation mitigates or eliminates the impact of luck on a portfolio by using available retirement savings as efficiently as mathematically possible.
In this course by Jim C. Otar you’ll learn the seven-step process of income allocation so you can effectively address luck when planning with clients.
A detailed plan that incorporates income allocation “can create significant professional respect and trust” and “differentiate an advisor,” Otar says.
After taking this course, financial advisors will understand:
• the impact of luck on a portfolio
• the impact of asset allocation on a portfolio
• what income allocation is, its purpose, and how it differs from asset allocation
• how portfolios benefit from income allocation
• the seven steps of the income allocation process and how to execute them
Jim C. Otar is a retired financial planner and engineer, and founder of www.retirementoptimizer.com. He is also an author of investing-related books, including Advanced Retirement Income Planning (2023 update).
In the opinion of CE Corner, the content of this session aligns with FSRA’s requirements for Life and Accident & Sickness credits. However, it remains the responsibility of the individual license holder to check FSRA credits and confirm suitability.
Accreditation Details
Accreditation body
Competency
Credits
FP Canada
Professional Responsibility
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Product Knowledge
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Practice Management
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Financial Planning
1.00
The Institute/IAFE
Ethics
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Financial Planning
1.00
Practice Management
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Product Knowledge
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CSF
Mutual Funds
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Assurance de personnes
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Courtage en épargne collective
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General Subject
1.00
Group Insurance of Persons
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Group Savings Plan Brokerage
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Insurance of persons
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Matières générales
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MFDA (2023-2025)
Business Conduct - Ethics
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Business Conduct - Non-Ethics
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Professional Development
1.00
FSRA
Life and/or A&S
1.00
CIRO Cycle 10
Professional Development
1.00
Compliance
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