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RetireWise Plus Synopsis

MAJOR OBJECTIVE
To provide awareness and skills for effective management of personal financial affairs in preparation for retirement, at the point of retirement, and after retirement.
The programme deals with the psychological aspects of retirement and the individual’s reaction to certain stimuli.
The programme facilitates taking responsibility for one’s own financial affairs with knowledge and confidence, enabling retirees to survive and enjoy their retirement years.
 
COURSE CONTENT
Module A: Starting a New Life
Dealing with the typical fears of retirement
The concept of control
Taking charge of your life
Visions and goals
Module B: Your New Life and Finances
Retirement Funds
Module C: Some Notes on Taxation
Medical Aid and expenses
How are my retirement benefits taxed
Capital Gains Tax
Module D: Budgeting, Retirement Gap and Financial Planning
Alternatives for measuring the retirement gap
Financial planning for retirement gap
Budgeting
Preparing a basic financial plan
Estimating the retirement funding required
Module E: The role of credit in our lives
Instalment sales
Major purchases
The cost of credit
Module F: Savings and Investment Options
Unit Trusts
RSA Savings Bonds
Annuities
Module G: Considerations When Looking Ahead
Insurance
Life assurance
Marriage and money
Some estate planning basics
Wills and testaments
Module H: The Retirement Rescue Plan
Confirming vision and goals
Revisiting income and spending
Establishing your financial position
Considering alternatives
Setting financial goals
Toolkit: Useful numbers, websites, tips & forms
 
TRAINING METHODOLOGY
Comprehensive facilitator-led case studies and group work. Discussion exercises in small groups which facilitate the transfer of learning into the delegate’s life experience.
 
COURSE DURATION
Course duration is two days. Presented in-company.
 
FOR WHOM INTENDED
Supervisory and management level employees who are either approaching or already considering their retirement and need to take better control of their personal financial planning and well being.
Anybody who is thinking about or planning their life after retirement.