Key Retirement Planning Issues

Get the facts that you need to help prepare yourself for a financially secure retirement. Learn to protect your hard-earned money from inflation, income taxes, and erosion due to potential long term health care needs. This course aims to teach you a conservative approach to wise money management and help identify lifestyle issues facing retirees. This course is carefully designed to provide you with the necessary information without over loading you with unneeded financial Jargon.

An Optional Personal Plan and Consultation

Throughout the length of the course, you will be assigned homework. You can submit this homework, at your discretion, to the instructor. They will then use it to develop your confidential financial analysis. At the end of the course, you are eligible to have a private retirement planning consultation with your insturctor. This meeting will be used as an opportunity to analyze your financial situation, help develop your personal financial plan and have your specific financial questions answered.

Financial Basics

  • Retirement income: perception and reality
  • Nine Reasons people fail financially in retirement
  • Making compounding work for you
  • Your investments and taxes
  • Impact of income taxes and inflation
  • Making your money last
  • Safe withdrawal rates

Retirement Income

  • Sources of retirement income
  • Social Security strategies
  • Social Security spousal benefits
  • Tax-deferred contributions
  • Traditional IRAs to Roth IRAs
  • Converting IRAs to Roth IRAs
  • Employer retirement plans
  • Required Minimum Distributions
  • Pension survivorship options

Investments

  • Paying for long-term care
  • Changing life insurance needs
  • Liability Umbrella Insurance
  • Roth 401(k) versus traditional 401(k)
  • Proper asset allocation
  • Goals based investing

Risk Management

  • Ways to manage risk
  • Group Health Insurance
  • Health Savings Accounts

Estate Planning Services

  • Importance of estate planning
  • Planning for incapacity
  • Naming the Power of Attorney 
  • Advanced Health Care Directive
  • Distributing assets at your death
  • Joint ownership
  • Wills, Trusts, and Probate