Self-study exam based on a thorough understanding of articles that include the topics of: bond and stock valuation concepts; qualified and non-qualified annuities; quantitative investment concepts and measures of investment returns; retirement income and distribution strategies; Social Security and Medicare planning.

 After reading and understanding the two articles required for this exam, the planner will:

• Understand the impact on stock and bond allocations of including Social Security in mean-variance efficient portfolios
• Understand how different types of risk affect allocation and portfolio decisions
• Learn how to efficiently combine SPIA payments and TIPS ladders to create guaranteed income