fbpx
+27(0)11 234 0884
info@stratagemtraining.co.za

RetireWise Synopsis

MAJOR OBJECTIVE
The RetireWise programme is designed to provide a thorough understanding of how to manage one’s personal finances 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
Attitude
My feelings regarding retirement
Typical retirement fears
Who is in control?
Module B: Realising I can do it
Setting goals
Taking action
Checking progress
Module C: Your New Life and Money
Retirement Funds
Provident Funds
Module D: Budgeting, Retirement Gap and Financial Planning
Measuring the retirement gap
Budgeting
Preparing a financial plan
Calculating Net Asset Value
Estimating how much money I need
Module E: Some Notes on Taxation
Taxation on retirement funds
Taxation once I am retired
Module F: Considerations When Looking Ahead
Insurance
Life assurance
Marriage and money
Some estate planning basics
Wills and testaments
Module G: Investment Options
Saving
Investing
Getting out of debt
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
Pictorial graphics and question and answer type manual setup in a delegate workbook are used to communicate basic financial concepts relating to one’s retirement. The concepts are related to the individual’s personal financial situation. Discussion exercises in small grops facilitate the transfer of learning into the delegate’s own life experience.
 
COURSE DURATION
Course duration is two days. Presented in-company. Further programmes can be conducted by licenced instructors on a modular basis.
 
FOR WHOM INTENDED
All non-management employees with limited education. All employees who have limited understanding of personal finances and/or retirement concepts. The programme does accommodate individuals with limited reading capacity as well as those with a greater degree of literacy.