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Retirement Planning for Public and Civil Service Training Course » HRM53

Retirement Planning for Public and Civil Service Training Course

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DateFormatDurationFees
29 Apr - 03 May, 2024Live Online5 Days$2050Register
12 Aug - 20 Aug, 2024Live Online7 Days$2867Register
19 Nov - 21 Nov, 2024Live Online3 Days$1400Register
DateVenueDurationFees
15 Apr - 19 Apr, 2024Dubai5 Days$4250Register
06 May - 10 May, 2024Dubai5 Days$4250Register
20 May - 24 May, 2024Kampala5 Days$4345Register
10 Jun - 14 Jun, 2024Dubai5 Days$4250Register
29 Jul - 02 Aug, 2024Dubai5 Days$4250Register
26 Aug - 06 Sep, 2024Dubai10 Days$8150Register
30 Sep - 04 Oct, 2024Dubai5 Days$4250Register
28 Oct - 01 Nov, 2024Dubai5 Days$4250Register
05 Nov - 07 Nov, 2024Muscat3 Days$3500Register
25 Nov - 29 Nov, 2024Dubai5 Days$4250Register
09 Dec - 13 Dec, 2024Dubai5 Days$4250Register

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Course Overview

What is Retirement Planning? A process of setting income goals for and after retirement and the essential measures and decisions to be taken. Retirement planning involves identifying the source of income, estimating expenditure, executing the saving plan, and managing of risks and assets.

How do I create a retirement plan? Retirement planning implies to saving and managing finances strategically, investment, and in the long run the allocation of money to support through retirement. It is a lifelong process. One can start planning for retirement at any time, however, it best suits to start from the beginning.

It considers not only assets and take-home pay but also future expenditures, responsibilities, and life expectations. It helps envisage the future when remunerated employment ends, be it lifestyle choices, the decision about where to live, when to quit working completely without hampering living, and depending on others for meeting ends.

When should you start planning for retirement? Retirement can be both exciting and exhausting, creating new challenges, experiences, and uncertainties. It is important to take necessary decisions during one’s active working life. It’s about how far and clear can you see? And stick to a plan that makes living dignified and comfortable after retirement.

This Zoe Certificate in Retirement Planning for Public and Civil Service Training Course is an answer to ‘how does one want to spend their retirement?’

Course Objectives

By the end of the ‘Certificate in Retirement Planning for Public and Civil Service Training Course’, the participants of this course will be able to:

  • Define what is meant by Retirement?
  • Explain the importance of planning retirement
  • Understand the need for adjusting with the changes after retirement
  • Plan to cope with the limited access to money and more time in hand
  • Strategically plan for retirement
  • Plan a well-balanced and rewarding future, removing uncertainty
  • Mindfully assess finances- income, savings, and investments
  • Gain insight to the key factors of retirement
  • Envision life after retirement- opportunities for voluntary and paid work
  • Prepare for professional transition and discover leisure activities and interests
  • Plan sensible and optimistic approach to the opportunities offered by retirement
  • Learn to deal with a psychological and social gap after retirement
  • Cultivate a constructive view of the future
  • Vision and skill to develop a pro-active approach to the continued well-being

Training Methodology

Zoe Talent Solutions has designed the Retirement Planning for Public and Civil Service Training Course for individuals of any age group who look forward to spending a quality life after retirement without degrading the standards. Right tools and instruments, and thought process is introduced for proactive and thoughtful planning.

This course is highly customizable. We collaborate with financial and retirement planning experts to help plan the right solutions for individuals. Career guidance for post-retirement employment opportunities can be provided (on demand)

Zoe Talent Solutions follows the ‘Do–Review–Learn–Apply’ Model.

Organisational Benefit

Organisational Benefits of employees who participate in ‘Certificate in Retirement Planning for Public and Civil Service Training Course’ will be as below:

  • Adopt culpability and liability for retirement plan
  • Profile next scheme for employees to be able to retire with a strong financial structure
  • Amend and improve existing retirement scheme
  • Develop skills to plan retirement effectively
  • Distinguish and register obstacles to retirement planning
  • Identify disputes and approaches for retirement planning
  • Develop a financial retirement planning model
  • Consider spiritual, physical, intellectual, emotional, social & financial needs for holistic coverage
  • Make decisions to invest, insure and allocate employees wealth to accomplish financial well-being
  • Establish fulfilling retirement lifestyle plans
  • Devise effective financial retirement planning model
  • Design pension schemes, modifications, and repercussions
  • Overcome challenges and strategies of retirement planning
  • Enhance employee morale and engagement
  • Retain and motivate valuable employees

Personal Benefit

Participants who enrol in this ‘Certificate in Retirement Planning for Public and Civil Service Training Course’ will benefit in the following ways:

  • Understand and appreciate the steps of an effective retirement income plan
  • Achieve harmony before and after retirement
  • Plan to diminish stress throughout retirement and the years ahead
  • Optimize retirement to be alike pre-retirement
  • Achieve a financially abundant future
  • Grow distinct strategies for effective retirement planning
  • Plan your career and general finances efficiently
  • Develop cost-effective plans without impacting current lifestyle goals
  • Design retirement, income tax and legacy plans
  • Ascertain appropriate retirement income strategy
  • Calculate income tax, estate matters, retirement risks, and other threats to an effective retirement income plan
  • Integrate automated tools for managing risks and plan effective retirement income plan

Who Should Attend?

Professionals from all industries and walks of life (This program is not restricted to any industry, function and age group)

Course Outline

Below is the course outline and the modules that would be covered during the Retirement Planning for Public and Civil Service Training Course:

Module 1: Basics of Planning Retirement

  • What is meant by retirement?
  • How to plan retirement?
  • Importance and benefit of planning retirement in advance
  • Ascertain when to collect social security
  • Developing retirement budget

Module 2: Retirement Planning

  • Life expectancy income need
  • Healthcare needs
  • Property security
  • Paying for Retirement
  • Social Security
  • Employer-Sponsored Plans
  • Traditional and Roth IRAs (Individual Retirement Account)

Module 3: Planning for lifestyle changes and career transition

Module 4: Retirement Planning Process

  • Setting retirement goals
  • Evaluating the current financial condition
  • Identifying source of income after retirement
  • Manage and monitor income and assets
  • Evaluating retirement risk and investing in assets

Module 5: Stages of Retirement

  • Pre-retirement
  • Retirement
  • Disenchantment
  • Reorientation
  • Reconciliation and stability

Module 6: Government and Employer Retirement Plan

  • Basic benefit plans
  • Social security
  • Thrift saving plan
  • Financing requirements
  • State requirements
  • Obligatory employee contribution

Module 7: Financial Planning and Options for Retirement

  • Public pension plans
  • Retiree health insurance
  • Additional retirement plan and financial education
  • Single premium plan
  • Pension plan covering single or joint life
  • Flexible pay out options
  • Tax benefits
  • Planning finances for retirement
  • Deciding retirement goals
  • Realizing the self-financial net worth
    1. Assessing current lifestyle
    2. Handling concerns
  • Steps to setting retirement goals
    1. Manage risk
    2. Valuing future expenditures
    3. Matters involving retirement
  • Producing fortune – Investing (Fixed vs. Equity)
  • Safeguarding wealth & health – Insurance and cover
  • Allocating wealth – Property planning

Module 8: Life after Retirement

  • Volunteering in social services
  • Socializing and traveling
  • Accepting part-time job
  • Exercise
  • Join a group or community to maintain physical and mental health

Module 9: Thinking Beyond Funds and Bonds

  • Investments for goals
  • Invest to reflect values
  • Real estate as an option
  • Dividends- a part of the strategy
  • Hiring a financial advisor

Module 10: Opportunities for Retirees

  • Consulting or freelancing
  • Pet sitter
  • Retail services
  • Teaching or training
  • Caretaker
  • Hotel Concierge, event management
  • Bookkeeping or financial advisor
  • Paralegal, Secretary, administrative assistant

Module 11: Employment Stability and Career Development

  • Options and Hobbies
  • Reasons to work during retirement
  • Employment prospects after retirement
  • Exploring self
  • The experience carried into retirement
  • Methods to decide a post-retirement career
  • Behaviors and pattern of self-made Tycoons
  • Planning and managing second and successive career

Module 12: FAQ’s, Case studies, and Discussions

  • Meet with financial planning experts to help envision and plan a safe future post-retirement
  • Learn various tools and options available to secure your future
  • Gain guidance from those who are living a quality life post-retirement
  • Discuss case studies of professionals who failed, ignored or delayed the process of retirement planning

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Customized Schedule is available for all courses irrespective of dates on the Calendar. Please get in touch with us for details.