Ready for Retirement: Planning for a Secure Retirement
About this Event
Planning for a Secure Retirement
In this 6 week course, you will learn how to prepare for a secure retirement and maximize your retirement income. Designed to help those who are nearing or are within ten years of retirement, this course will help you feel confident in your retirement plan.
This 6 week course will be in the classroom, weekly on Thursdays. One ticket grants you access to all 6 sessions!
- Week 1: Understanding the Retirement Challenge
- Week 2: Maximizing Employer-Sponsored Retirement Benefits
- Week 3: Optimizing Social Security
- Week 4: Investing For, and During Retirement
- Week 5: Creating a Personalized Retirement Income Plan
- Week 6: Minimizing Taxes and Maximizing Charitable Giving Throughout Retirement
See more details and class descriptions, below!
Schedule 📅
- Thursday, March 4th | 6:00–7:30PM
- Thursday, March 11th | 6:00–7:30PM
- Thursday, March 18th | 6:00–7:30PM
- Thursday, March 25th | 6:00–7:30PM
- Thursday, April 1st | 6:00–7:30PM
- Thursday, April 18th | 6:00–7:30PM
Location📍
SUU Campus, Bristlecone Hall Room 116
How to Get There: Parking and Directions 🗺️
Bristlecone Hall is located on the corner of 200 S 800 W in Cedar City, Utah. Please utilize the parking lots directly to the West or the South of the building. Room 116 is located on the first level.
Agenda
🕑: 06:00 PM - 07:30 PM
Week 1 – Understanding the Retirement Challenge
Info: Accumulating versus distributing retirement funds
The three retirement challenges: longevity, inflation, investment management
The three steps to retiring: create a budget, maximize income sources, create an income stream from investments.
Ascertaining your emotional preparedness
Ascertaining your financial preparedness
The 10 most common retirement mistakes
Week 2 – Maximizing Employer Sponsored Retirement Benefits
Info: How to maximize the value of your company provided pension plan
Should I take my pension as a lump-sum (if possible) or choose a monthly payment option?
Choosing the proper survivor benefit option
How inflation impacts the monthly pension check
How to identify the best investment options in your 401(k)
Considerations when deciding to make Roth vs. Traditional 401(k) contributions
Health insurance planning during retirement
Week 3 – Optimizing Social Security
Info: Understanding the sustainability of Social Security
How are my benefits determined and calculated?
Spousal benefits
Divorced spouse benefits
Survivor benefits
Using the Social Security website and how to apply for benefits
Maximizing your personal Social Security benefits
The taxation of Social Security benefits
Week 4 –Investing for and During Retirement
Info: A historical view of investments
Understanding the risks and rewards of investing
Understanding the difference between volatility vs. risk
Investing versus speculating
What “really” determines investment performance
Asset allocation, time horizon, diversification
What rebalancing is and why it is important?
The impact of fees on an investment portfolio
Debunking the most prevalent misconceptions and investment fallacies of our day
How to avoid making serious investment mistakes
Week 5 – Create a Personalized Retirement Income Plan
Info: The importance of having a retirement income plan
Investing with purpose, goal-based investing
How to create a reliable and tax-efficient stream of income from your investments through time segmented investing
How to protect your immediate income form stock market downturns while protecting your future income form inflation
Coordinating Social Security and pension income with investment income
Week 6 – Minimizing Taxes and Maximizing Charitable Giving Throughout Retireme
Info: Required Minimum Distributions, what are the rules and how to prepare
Planning for a tax efficient retirement
Understanding individual taxes during retirement
How to avoid common tax pitfalls that may impact your Medicare premiums
Tax considerations for those contemplating a senior mission.
Estate Planning Considerations
Where is it happening?
Event Location & Nearby Stays:
