Retirement is a fact of life. for all of us, it is looming on the horizon and the closer we get, the more uneasy we feel about that next step. We are filled with questions about how we will pay for our retirement. What it will cost and if we are ready for retirement emotionally.

There are many questions about retirement, mainly because retirement is now considered a phase of our lives rather than a couple of years spent marking time after we stopped working. The latest statistics indicate that most people who retire today can look forward to decades spent in retirement, and with that much time on our hands, it is imperative that we plan carefully. We need to develop a financial plan. We need to develop a health and exercise plan. We need to develop an emotional and social support plan.

This Course will address a number of these issues and give you a place to start. We will talk about how to prepare for retirement and what you will do with your time. There are many of us who really wanted to do something else with our lives. Once you retire from your “real” job, you may be very pleasantly surprised to realize that you can now finally pursue the life of your dreams.

Achieving financial security in retirement doesn’t happen automatically. Instead, you must start saving smartly as soon as possible to ensure that you can live comfortably when you retire. Besides, you need to grow your saving by investing wisely in different asset classes.

It is significant to know how much to save to prepare properly for retirement. There is need to save and invest in the types of financial vehicles that are specially designed for your objectives, and you should be able to grow, protect and manage your wealth by matching your goals with appropriate planning strategies and investment vehicles.

The retirement journey must be navigated with appropriate knowledge, skills, and abilities for optimal fulfilment and satisfaction. Retirement needs not be a calamity

Objectives

The main object of this training is to expose participants to the fundamentals of Retirement planning. To show them the tools and strategies that will enable them build a Retirement plan that will achieve the goals that they set for their retirement. They will obtain knowledge necessary for retirement planning in the context of increasingly complex financial products and government policies. The course will cover the presentation, evaluation and implications of retirement risks including longevity risk, inflation risk, investment risk, employment risk, adequacy (replacement) risk, contingency risk and political risk; financing of health and aged care; estate planning.

At the end of the program, participants should be able to:

• Assume accountability and responsibility for their retirement plan
• Develop their own financial profile
• Develop an income plan for their retirement
• Determine their own personal risk tolerance
• Develop their own retirement budget
• Develop a holistic retirement plan
• Make sound decisions to create (invest), protect (insure, etc) and distribute (wills, etc) their wealth to achieve a successful, productive and optimal life in retirement
• Live a renewed life and create fulfilling retirement lifestyles
• Optimise their senior years in terms of personal freedom and self-realisation

Benefits

This training will provide the following benefits both to the Organisation and to the staff:

• There will be enhanced Staff-motivation-and-productivity
• The Organisation will become a caring employer
• The Organisation will attract and keep valuable Staff
• The Organisation will gain a recruiting advantage
• The Staff will have peace of mind which results from planning ahead
• The staff will optimize their retirement days in ways that suit their personal
• situations
• The staff will attain a more financially sound future
• With appropriate planning, the staff will be able to make more efficient career-related and general financial decisions prior to retirement
• The staff will reduce their overall cost of living with appropriate planning