Training on Retirement Planning

Retirement planning is a technique for determining the necessary actions and decisions to be made, as well as the income goals for retirement and after. It entails figuring out where your money comes from, forecasting how much you'll spend, carrying out your savings plan, and managing your assets, pension funds, and risks.

The retirement planning course will provide you with strategies for effective and holistic retirement planning - planning for your health, emotional, financial, and social well-being, and work-life transition for a balanced and satisfying future.

Target Participants

The training is designed for professionals who have attained the age of retirement and those who are on the verge of retirement.

Course Objectives

By the end of this course the participants will be able to:

• Understand the importance and art of retirement planning.
• Plan a rewarding and balanced future.
• Develop holistic retirement plans by including financial, emotional, social, and career needs.
• Manage their pension funds effectively.
• Identify the best retirement income strategy.
• Prepare for professional transition and identify their interests, hobbies, and opportunities.

Course Outline

Getting Ready for Retirement

• Introduction to Retirement
• Stages of Retirement
• Importance and benefit of planning retirement in advance
• How to plan for retirement
• Challenges in Retirement

Retirement Planning Process

• Setting retirement goals
• Evaluating the current financial condition
• Setting up your retirement budget
• Identifying source of income after retirement
• Manage and monitor income and assets
• Evaluating retirement risk and investing in assets

Planning for Lifestyle Changes in Retirement

• Preparing for unexpected
• Develop a sense of intent and meaning
• Managing stress associated with life change and transition
• Circles of support
• Growth potentials vs. losses in senior years

Managing Pension Funds

• Understanding pension plans
• Social security
• Planning for and investing pension funds
• How to effectively access your pension funds
• Individual retirement insurance

Investment Planning in Retirement

• Property investment for retirement
• Equity assets
• Debt and bond investments
• Protecting your assets

Entrepreneurship and Business Management

• Selecting the right industry
• Creating a business plan
• Basic accounting for business
• Risks involved with participating in business

Career Opportunities for Retirees

• Options and hobbies
• Reasons to work during retirement
• Employment prospects/ opportunities after retirement
• The experience carried into retirement
• Methods to decide on a post-retirement career
• Planning and managing a second and successive career

Healthy Ageing

• Supporting a healthy lifestyle
• Physical, emotional, social, and mental well being
• Enjoying your leisure time
• Retiree health insurance

Training Approach

This course is delivered by our seasoned trainers who have vast experience as expert professionals in their respective fields of practice. The course is taught through a mix of practical activities, theory, group work, and case studies.

Training manuals and additional reference materials are provided to the participants.

Certification

Upon successful completion of this course, participants will be issued a certificate.

Tailor-Made Course

We can also do this as a tailor-made course to meet organization-wide training needs. A training needs assessment will be done on the training participants to collect data on the existing skills, knowledge gaps, training expectations, and tailor-made needs.