Planning for Retirement Course

This is a programme on how all employees sure to approach retirement shortly or in a few years time must plan how they will confront real economic issues after their employment in the organisation. The course shows that retiring from corporate employment needs not become a calamity. 

It also introduces participants to post-retirement Entrepreneurship and they are taken through an orientation of “entrepreneurial personality” which, rather than be characterised by a propensity for risk taking, will, among other things, focus success on one thing – “opportunity focused.”  They will learn a number of entrepreneurial logics and make them to dig deep into ideas underlying a product or service they may think of producing, prepare the ideas, get started, and keep it going with commitment.

The training will also give the participants the ways to:

• Identify their talents and personal capabilities they can utilise elsewhere
• Restructure their lives
• Implement a new financial life plan
• If desired, start and run own businesses and become successful entrepreneurs
• Invest wisely
• Where needed, get new satisfying employment.

Course Contents

Day One

General Work-exit Orientation

• Dimensions of Change and New beginnings - Exploring attitudes, hopes and fears
  • Exploring psychological aspects to exit
  • Preparedness for life after current work
  • Exploring your talents and passions

• State of the economy and prospects faced post-employment
• Defining Yourself – your retirement party
• Coping with severance from corporate employment
• How long-term employees are like Migrant Birds
• Family issues – harmony or tension
• Community involvement
• Health matters – death of body organs by installments
• Political shocks and wars
• Financial Net Worth to-date
  • Liquid assets
  • Investment assets
  • Personal “assets”
  • Short-term liabilities
  • Long-term liabilities.
• Choice of what to do next.

Day Two Investments Awareness

• Types of investments currently available in Nigeria
• Guidelines and advice on selecting investment types
  • Pension management - Worth by Pensions
  • Worth by Life Insurance
  • Savings and Fixed Deposits
  • Company shares build-up
  • Real estates.

Day Three

How You Can Run Your Own Business

• The Retiree’s Job Description as a Business Owner
• Planning a new business
• Business development process.

Entrepreneurship

• How to Choose an Entrepreneurial Endeavour to Pursue
• The courage to take the leap

• A random walk through simple businesses suitable for retirees
• The disciplines for business success
• Preparation of a business plan
• Legal requirements for business.

Nurturing a Business for Profitability

• Systems and structure for a retiree’s business
• Marketing knowledge and selling skills to propagate the business
• Attention to the financial health of the business – capital and cash flow.
• A sample Business Cash Flow Projection
• A  sample Profit and Loss Account.

Day Four

Health and Leisure

• Ageing gracefully
• Balancing work and health
• Making alternative arrangements for Health cover
• Health guideposts
  • Post-retirement stress syndromes – physiological and emotional
  • Common symptoms and signs
  • Medical check-ups and treatments.
• Nutrition
  • Your feeding pattern
  • Nutrients the body needs
  • What constitutes balanced diet in old age.
• Exercises
  • Age-sensitive exercises
  • Regularity of exercises.
• Recreation