Training on Retirement Planning

Training on Retirement Planning

About the Program

Thinking about transitioning from full-time employment to retirement? Are you prepared? This Retirement Planning (RP) training program is designed to lead participants through a five-day interactive and activity-filled session that addresses various aspects, ranging from retirement benefits to work-life balance.

This program will highlight retirement as:

• Voluntary or mandatory.
• A continuous journey that needs to be taken holistically.
• Paradigm shift form conventional retirement planning.
• The “3rd Box” of life.
• A journey that must be navigated with appropriate knowledge, skills, and abilities for optimal fulfillment and satisfaction.

Program Objectives

By the conclusion of this Retirement Planning training program, you will be able to:

• Assume accountability and responsibility for your retirement plan.
• Profile your next theme of life that suits your character, interests, needs and current circumstances.
• Develop your holistic retirement plans encompassing Spiritual-Physical-Intellectual-Career-Emotional-Social & Financial (SPICES/F) of life.
• Make sound decisions to create (invest), protect (insure, etc.)  and distribute (wills, etc.) your wealth to achieve your financial well-being targets.
• Live a renewed life and create fulfilling retirement lifestyles.
• Optimize your senior years in terms of personal freedom and self-realization.

Target Audience

This all-encompassing training program on retirement planning is tailored for individuals seeking a fulfilling retirement experience, whether they are approaching the end of their current careers or just starting out.

The program specifically addresses the requirements of those planning to retire soon, as well as individuals who will become eligible for retirement within the next 5 to 10 years.

 It is particularly advantageous for:

• Employees contemplating retirement, whether it be mandatory or voluntary.
• Spouses of retiring employees.

Training Period

• Classroom: 5 Days
• Online: 7 Days

Module 1: Preparing for Retirement

• Defining “Retirement.”
• Diverse Views on “Retirement.”
• Key Life Challenges for Individuals in Their 50s and Beyond.
• Characteristics of Highly Successful Retirees.
• Life’s Three “Boxes.”
• The SPICES/F Framework for Life in Retirement.
• Six Planning Categories for a Successful Retirement.
• Three Fundamental Elements for Autonomy and Self-fulfillment.

Module 2: Managing Emotions and Mindset

• Transforming Your Life through Creativity.
• Advantages of a Robust Support Network.
• Layers of Support – Central / Middle / Outer Circles.
• Building a Better Version of Yourself with Family Support.
• Obstacles to a Fulfilling Life.
• Unexplored vs. Recognized Self.
• Recommendations for Handling the Pressures Linked to Life Changes and Transitions.
• Opportunities for Growth vs. Setbacks in Later Years.

Module 3: Planning and Controlling Finances

• Creating a Financial Plan for YOUR Retirement.
• Defining Your Retirement Objectives.
• Assessing Your Financial Assets.
• Assessing Your Current Lifestyle..
• Addressing Your Concerns.
• Phases in Establishing Your Retirement Objectives.
• Handling Your Risk.
• Estimating Your Future Expenditures.
• Concerns Linked to Retirement.
• Wealth Generation through Investments (Fixed vs. Equity).
• Safeguarding Your Wealth and Well-being through Insurance.
• Allocating Your Wealth – Estate Planning.

Module 4: Promoting Well-being in Aging

• Primary Factors Leading to Mortality
• Five Guidelines for Promoting Healthy Aging
• Encouraging a Healthful Lifestyle
• Embracing Leisure Activities
• Suggestions for Maximizing Leisure Time
• Techniques for Coping with Stress

Module 5: Maintaining Employment and Advancing Professional Skills

• Options and Pursuits in Retirement.
• Key Motivations for Working in Retirement.
• Job Opportunities in the 50s.
• Essential Elements for Self-discovery.
• Expertise You Bring into Retirement.
• Strategies for Selecting Your Career After Retirement.
• Characteristics of Successful Self-made Millionaires.
• Professional Pursuits – Second and Subsequent Careers.

Delivery Method

This program 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 the training, participants will be awarded a certificate of course completion