Pre-Retirement Planning & Personal Financial Management skills

This hands-on skill-based training prepares individual and management staff to think of the financial and retirement planning. It covers ageing, financial and retirement issues, the concepts of personal financial planning for retirement, the preparation of pre, during and post retirement from an individual.

Main Training Modules

Basics of Planning Retirement

• What is meant by retirement?
• How to plan retirement?
• Importance and benefit of planning retirement in advance
• Ascertain when to collect social security
• Developing retirement budget

Gearing Up To Your Retirement & Planning

• Life expectancy income need
• Healthcare needs
• Property security
• Paying for Retirement
• Social Security
• Employer-Sponsored Plans
• Traditional and Roth IRAs (Individual Retirement Account)

Emotional & Mindset Management

• Reinventing Your Life with Imagination
• Benefits of a Strong Support Group
• Circles of Support – Intermediate / Outer / Peripheral Circles
• Create a Better You & Family Support
• Barriers to the Good Life
• Undiscovered vs. Discovered Self
• Guidelines for Managing the Stresses Associated with Life Change and Transition
• Growth Potentials vs. Losses in Senior Years

Financial Planning and Management

• Financial Planning for YOUR Retirement
• Setting Your Retirement Goals
• Understanding Your Financial Net Worth
• Evaluating Your Present Lifestyle
• Managing Your Issues
• Steps in Setting Your Retirement Goals
• Managing Your Risk
• Estimating Your Future Expenses
• Issues Relating to Retirement
• Creating Wealth – Investing (Fixed vs. Equity)
• Protecting Your Wealth & Health – Insurance
• Distributing Your Wealth – Estate Planning

Thinking Beyond Funds and Bonds

• Investments for goals
• Invest to reflect values
• Real estate as an option
• Dividends- a part of the strategy
• Hiring a financial advisor

Opportunities for Retirees

• Consulting or freelancing
• Retail services
• Teaching or training
• Bookkeeping or financial advisor

Life after Retirement

• Volunteering in social services
• Socializing and traveling
• Accepting part-time job
• Exercise
• Join a group or community to maintain physical and mental health

Healthy Ageing

• Common Causes of Death in People
• 5-Step to Healthy Ageing
• Supporting a Healthy Lifestyle
• Enjoying Your Leisure Time
• Tips for Optimizing Leisure Time
• Stress Management

Way forward After the Training

Participants will develop a work plan through the help of facilitators that stipulates application of skills acquired in improving their organizations.

Training Evaluation:

Participants will undertake a simple assessment before the training to gauge knowledge and skills and another assessment after the training in-order to monitor knowledge gained through the training.