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Personal Finance Academy


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Lifelong Learning Class Schedule How to Register

Lifelong Learning Personal Finance Courses

Lifelong Learning courses are designed primarily for students age 50 and over. Not all listed courses are offered each semester. See schedule of Lifelong Learning classes to find current schedules, location, dates, and costs.

Personal Finance: Food For Thought

Financial Planning Foundation PRF-148

This course is designed to provide a foundation for personal financial planning, whether you are just starting out in your career or already an established professional. You will explore six major financial areas: cash flow/management, debt management; insurance options (life, property and casualty, disability, and long-term care); strategies to manage taxes; investment options and personal investment portfolio; and retirement saving considerations. A workbook will be provided that includes forms, resources, and references. This course is not intended as a retirement planning course.

Financial Planning Tips for Singles PRF-145 6 Hours

Whether you are unmarried, divorced or widowed, organizing your finances can be intimidating. This course is designed to cover a wide range of topics including how to prevent running out of money, building a retirement nest egg, controlling risk of loss, structuring healthcare and estate planning documents, and unlocking the hidden Social Security benefits available to divorced and widowed individuals.

Fundamentals of Investing, PRF-091 – Hours: 6

Whether you are a new or experienced investor, understanding investment concepts is a key to success. Topics discussed include roadblocks to creating wealth and how to overcome them; how much risk makes sense; formulating a financial plan; concepts behind stocks, mutual funds, corporate/government/municipal and zero coupon bonds; CDs; planning for retirement and children's education; annuities; tax-advantaged investments; and most important, a philosophy of investing. Tuition waiver applies; seniors pay fee only.

Health Care Insurance For Retirement, LLI-699 – Hours: 5

This course will address the major components of retiree health care: Medicare, Medicare Advantage Plans, and Long- Term Care. Health care costs typically rise at twice the inflation rate, so the course will also address ways to fund this expense through tax-advantaged plans. You will determine the cost of supplemental coverage, evaluate your ability to pay for health care not covered by federal or state programs, and be able to project your health care expenses. The target audience for this course is those who are newly retired and those who plan to retire within 10 years. Tuition waiver applies; seniors pay fee only.

Income Taxes Don’t Have to Be a Mystery!! PRF-143 8 Hours

In this course, students will develop an understanding of how tax returns are put together and how to take advantage of tax laws (whether they are a small business owner, an employee, or a student). Students will gain an understanding of tax brackets, tax deferral, taxable income and deductions, and identify the impact of taxable and non-taxable income investments, capital/gains/losses, and tax deferred investments. In addition, students will learn ten tax reduction strategies and will identify personal financial planning needs and goals. This class is taught by a CPA.

Maximizing Social Security Benefits, PRF-141 – Hours: 5

Social Security is a cornerstone of retirement income for most Americans. Yet the nuances of how/when to receive benefits are often overlooked and can lead to missed opportunities. This course will address individual and couples' benefits, special situations for widows and ex-spouses, reductions due to federal pensions and taxation of benefits. The target audience for this course is those who are newly retired and who plan to retire within 10 years. Tuition waiver applies; seniors pay fee only.

Retirement Distribution Strategies LLI-916 6 Hours

Learn how to protect your assets from taxation using informed decisions to create your retirement plan.

Retirement Planning Today, PRF-119 – Hours: 6

Learn about the many ways to save for retirement as well as the advantages and disadvantages of each. Discover how to save money on taxes, manage investment risks, and protect your assets from potential long-term health care expenses. Fee includes a course workbook and study aids. Tuition waiver applies; seniors pay fee only.

Smart Personal Money Management, PRF-142 – Hours: 8

Do you want to know how to avoid mistakes in managing money, saving more, paying off loans and meeting your future financial goals? Whether you are a student, presently working, or retired, this class will enable you to make smarter financial decisions in all aspects of your life. You will be able to get control of your personal finances by examining the impact of your choices on how you spend, save, pay your loans and expenses and earn money. You will learn when and how much you should be saving for specific goals. Topics include: banking, savings, credit loans/credit reports and insurance; protecting against financial scams and identify theft; setting financial goals, developing budgets and creating a financial plan. You will also learn how to track your money and expenses. Tuition waiver applies; seniors pay fee only.

Stocks: An In-Depth Look, PRF-147

This course will provide students with tools to understand and evaluate stocks. In addition, this course will review multiple strategies for using stocks in a personal portfolio. Topics include: understanding U.S. and global economic cycles, how to use stocks for personal finances.

Stocks, Bonds, Mutual Funds and ETFs Explained, PRF-138 – Hours: 5

Whether you manage your own investments or someone manages them for you, it is important to understand the different types of investments. In this course, an experienced investment advisor and Certified Financial Planner explains advantages and disadvantages of different investments, risks, ways to own investments, asset allocation, tax considerations, historical performance, and more. For instance, are Exchange Traded Funds (ETFs) better than mutual funds? Tuition waiver applies; seniors pay fee only.

Wills and Estates, PRF-140 – Hours: 8

Learn about wills, trusts, powers of attorney (including Maryland's brand new statutory power of attorney), and health care directives, as well as how Maryland probate really works. Topics also include the use of revocable living trusts, the pros and cons of joint ownership, the right way to make and receive gifts, and the impact of the Federal estate tax and Maryland's two separate death taxes on your estate. Tuition waiver applies; seniors pay fee only.

Contact Us:
  • Natasha Sacks, Program Director
  • Tracy Ritenour, Program Assistant
  • Lynda Schrack, Program Assistant
  • Montgomery College, Workforce Development & Continuing Education
  • 12 South Summit Ave. 4th Floor
  • Gaithersburg, MD 20877

Montgomery College

Montgomery County, MD


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