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).
Accreditation Details
Accreditation body
Competency
Credits
IIROC Cycle 9
Professional Development
1.00
Compliance
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FP Canada
Professional Responsibility
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Product Knowledge
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Practice Management
--
Financial Planning
1.00
The Institute
Ethics
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Financial Planning
1.00
Practice Management
--
Product Knowledge
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MFDA
Business Conduct - Non-Ethics
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Professional Development
1.00
CSF
Mutual Funds
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Assurance de personnes
--
Courtage en épargne collective
--
General Subject
1.00
Group Insurance of Persons
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Group Savings Plan Brokerage
--
Insurance of persons
--
Matières générales
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