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Alternatives as We Age: Retirement and Legacy Planning

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Alternatives as We Age: Retirement and Legacy Planning

This course is part of multiple programs.

Instructor: Dr. Craig Lemoine

Included with

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4 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

No prior experience required

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

4 modules

Gain insight into a topic and learn the fundamentals.

Beginner level

No prior experience required

1 week to complete

at 10 hours a week

Flexible schedule

Learn at your own pace

What you'll learn

Understand the multifaceted aspects of retirement planning, including various definitions and the financial risks involved.
Analyze diverse retirement strategies recommended by wealth managers, such as annuitization, treasury, bucket, and market-driven approaches.
Evaluate alternative investments and model portfolios to ensure income sustainability throughout different stages of retirement.
Explore estate planning fundamentals and philanthropic strategies, particularly when dealing with land, alternative, and illiquid investments.

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

6 assignments

Taught in English

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This course is available as part of

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Earn a shareable career certificate

There are 4 modules in this course

This course delves into the complexities of retirement planning and estate management. It covers various definitions of retirement and examines the financial risks families and consumers face during this stage. You'll explore both qualitative and quantitative retirement challenges and analyze strategies recommended by wealth managers, including annuitization, treasury, bucket, and market-driven approaches. The course evaluates alternative investments through different stages of retirement and uses case studies to illustrate diverse strategies. It also focuses on applying and modeling portfolios within a retirement framework, emphasizing income sustainability. Finally, the course covers estate planning fundamentals and strategies for managing land, alternative, and illiquid investments, as well as philanthropic strategies involving these assets.

This course is part of the College of ACES suite of online programs, including the graduate-level certificate, "Land, Agriculture and Alternative Investing" that can be stacked toward a master's degree. To learn more about online programs from the College of ACES and explore ways to apply your Coursera work toward a degree program at the University of Illinois, visit ACES Online at acesonline.illinois.edu.

You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course. Then dive into the second part of this module to explore various definitions of retirement and examine the financial risks families and consumers face during this stage. You'll also discern both qualitative and quantitative retirement challenges and analyze common strategies recommended by wealth managers, including annuitization, treasury, bucket, and market-driven approaches.

What's included

13 videos4 readings2 assignments1 discussion prompt

13 videos Total 48 minutes

Course Overview 1 minute
Meet Your Instructor | Craig Lemoine 2 minutes
Module 1 | Overview 1 minute
Introducing Retirement with an Alternative Framework 5 minutes
Mathematical and Case Study Approach to Retirement 7 minutes
Key Retirement Risks 5 minutes
Further Retirement Risks and Planning Flexibility 5 minutes
Exploring Sequence of Return risks with Stocks, Bonds & Land 4 minutes
Sequence of Return Risk, Internal Rate of Return, Correlation and Dollar Weighted Return 6 minutes
Worst Case Scenarios and the Case for a Balanced Portfolio 5 minutes
How to Retire Featuring Christine Benz 1 minute
Finding Purpose in Retirement Featuring Christine Benz 3 minutes
Module 1 | Wrap-up 1 minute

4 readings Total 40 minutes

Syllabus 10 minutes
Learn More About Flexible Pathways 10 minutes
Updating Your Profile 10 minutes
How Accurate Are Retirees’ Assessments of Their Retirement Risk 10 minutes

2 assignments Total 60 minutes

Orientation Quiz 30 minutes
Module 1 | Knowledge Check 30 minutes

1 discussion prompt Total 10 minutes

Getting to Know Your Classmates 10 minutes

In this module you'll evaluate alternative investments suitable for different stages of retirement. Through case studies, you'll explore diverse retirement strategies and solutions, gaining insights into how different approaches can address unique financial and personal goals.

What's included

15 videos2 readings1 assignment

15 videos Total 53 minutes

Module 2 | Overview 1 minute
The Retirement Spending Smile and Funded Ratios 8 minutes
Six Critical Steps to Retirement 7 minutes
Alternative Investments in 401(k) Plans 5 minutes
Alternative Assets in Pension Funds 3 minutes
Self-Directed IRAs: Risks and Rewards 7 minutes
Investing and Portfolio Management Featuring Christine Benz 3 minutes
Keep it Simple Featuring Christine Benz 4 minutes
Adaptability of Retirement | Income Lab 2 minutes
The Future of Retirement Planning Featuring Jamie Hopkins 4 minutes
Beds: Aging in Place and Retirees Featuring Jamie Hopkins 2 minutes
How Do You Take Your Income Featuring Bob French 3 minutes
Income Through Retirement Featuring Bob French 2 minutes
Interest Rate Risks and Retirement Featuring Bob French 2 minutes
Module 2 | Wrap-Up 1 minute

2 readings Total 20 minutes

An Introduction to Alternative Investments 10 minutes
Do Alternative Investments Belong in Your Retirement Plan? 10 minutes

1 assignment Total 30 minutes

Module 2 | Knowledge Check 30 minutes

This module, focuses on applying and modeling portfolios within a retirement framework. You'll learn how to structure a diversified portfolio to meet retirement goals and explore methods to ensure a steady income stream throughout retirement.

What's included

8 videos3 readings1 assignment

8 videos Total 29 minutes

Module 3 | Overview 1 minute
Introducing Income Lab 3 minutes
Adding Alternatives | Income Lab 9 minutes
Stress Testing Retirement Models | Income Lab 4 minutes
The Challenge of Modeling Income | Income Lab 3 minutes
A Profession Evolving | Income Lab 4 minutes
Retirement, Purpose and Income featuring Bob French 4 minutes
Module 3 | Wrap-up 1 minute

3 readings Total 35 minutes

Learners Guide: Exploring Alts with Gary and Jenny 15 minutes
Investing for Retirement Income: A Comparison of Asset Allocations and Spending Strategies 10 minutes
Retirement Planning: From Z to A 10 minutes

1 assignment Total 30 minutes

Module 3 | Knowledge Check 30 minutes

This module you'll delve into estate planning fundamentals and strategies for managing land, alternative, and illiquid investments. You'll also explore philanthropic strategies involving these assets, providing insights into legacy building and philanthropy. At the conclusion of this module, you will be ready to complete the final assessment for the course and earn your Coursera certificate!

What's included

16 videos6 readings2 assignments

16 videos Total 43 minutes

Module 4 | Overview 1 minute
What estate planning documents do I need? 5 minutes
When should you have an estate plan? 4 minutes
What happens if you die without an estate plan? 5 minutes
Philanthropy & Land Owners Featuring Dr. Jennifer Lehman 4 minutes
Crypto, Estate Planning & Philanthropy Featuring Dr. Jennifer Lehman 3 minutes
Interests in Giving and Philanthropy Featuring Dr. Jennifer Lehman 1 minute
Estate Planning When You Are Alive Featuring Tim Richey 2 minutes
Financial Exploitation Featuring Tim Richey 4 minutes
Process of Estate Planning with Real Estate Featuring Tim Richey 2 minutes
Postmortem Planning Featuring Tim Richey 2 minutes
Litigating After Death Featuring Tim Richey 2 minutes
Monitoring an Estate Plan Featuring Tim Richey 2 minutes
Module 4 | Wrap-up 1 minute
Course Wrap-up 2 minutes
Graduate-Level Learning: Deepening Your Expertise 2 minutes

6 readings Total 60 minutes

New Tomorrow’s Inheritance: The Frontiers of Estate Planning Formalism 10 minutes
People’s Company 10 minutes
Philanthropy’s Commitment to the Future 10 minutes
Congratulations! 10 minutes
Stack Your Course Certificate toward Graduate Coursework 10 minutes
Getting Your Course Certificate 10 minutes

2 assignments Total 120 minutes

Module 4 | Knowledge Check 30 minutes
Final Assessment 90 minutes

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Instructor

Dr. Craig Lemoine

University of Illinois Urbana-Champaign

11 Courses 8,360 learners

Offered by

University of Illinois Urbana-Champaign

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Frequently asked questions

Yes! Although completion of the Coursera course alone is not credit-bearing, it is a required component of a graduate-level Canvas course that can be "stacked" toward advanced credentials such as an academic (transcriptable) graduate certificate or a degree. If you decide to pursue further education, the credits you earn from this course can be applied toward a formal academic program, provided that you meet all the requirements of admission to the certificate or degree.

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.