Which topic is associated with 10% of the exam concerning high-level professionals?

The topic concerning retirement management is particularly important for high-level professionals due to the increasing complexity of retirement plans and the necessity of effective wealth preservation strategies. Retirement management involves not only the accumulation of assets to support individuals during their retirement years but also the strategic withdrawal and distribution of those assets to ensure sustainability throughout retirement.

High-level professionals often have diverse income sources and may participate in various retirement plans, including defined benefit plans, defined contribution plans, and individual retirement accounts (IRAs). This diversity necessitates a comprehensive approach to retirement management that includes tax efficiency, investment strategies, and planning for healthcare costs.

The focus on retirement management for this demographic ensures that they can maintain their standard of living in retirement and address unique challenges such as managing risks associated with longevity and market volatility. Understanding these issues is critical for anyone involved in portfolio management and advisory services, ensuring they can provide informed guidance to clients preparing for or currently in retirement.