This course is designed to understand essential foundations for retirement planning within the conceptual framework of the “Statement On Standards of Personal Financial Planning Services”, SSPFPS #1 issued by the American Institute of Certified Public Accountants (AICPA) under the Personal Financial credential. Planning Specialist, PFS. In addition, the seminar consolidates aspects of investment management, taxation and risks, within the stages of a person's economic life cycle, from pre-retirement to retirement, considering life expectancy and other personal financial goals, as well as their savings habits vs. Consumption.