Note: The life partner of each participant is invited to participate to the training session free of charge.
Participants will acquire tools to help them gain insight and better take charge of the changes caused by their retirement in order to get the most fulfilling and enjoying retirement life as possible.
Note: The life partner of each participant is invited to participate to the training session free of charge.
Module 1: Being aware: Psychological and social adaptation
OBJECTIVES:
- Overview of the evolution of the retirement phenomenon
- Identifying the changes that occur with retirement;
- Anticipating the emotional impact of these changes when we retire;
- Beginning now to choose appropriate ways of cushioning the impact of retirement on our personal, social and family life and, on the couple
Module 2: Taking charge: Reorienting your life and career
OBJECTIVES:
- Make participants aware of the need to begin a personal reorientation process;
- Begin a reorientation process;
- Identify plans for retirement that truly correspond to who you are.
Module 1: Being aware: Psychological and social adaptation
- The ages of life;
- The 5 stages of retirement:
- Anticipation
- Pre-retirement
- Euphoria
- Disorganization
- Restructuring
- Work lies at the center of how we organize our time;
- Changes in social life;
- Changes in the family and the couple;
- Preventive measures.
Module 2: Taking charge: Reorienting your life and career
1. A thorough and reassuring process:
- A comprehensive process including:
- socio-economic realities (changes in income, social life…)
- action strategies and work tools (network of contacts, interviews, resume….)
2. A five-step process:
- Set your long term and short term goals and analyze your motivation;
- Take stock of your life experience;
- Discover what kind of person you are;
- Explore the environment;
- Determine the option(s) that best reflects your personality, your aptitudes, your interests and your aspirations.
3. The role of a guidance counselor in this process
4. Conditions for a successful process
- Assessing your ability to adjust to change;
- Controlling personal and professional insecurity;
- Identifying your needs and desired lifestyle;
- Ensuring your financial security is protected;
- A suitable choice depends on self-understanding
5. Self-evaluation exercises
6. The action plan
Become aware of your current financial situation and the optimal (desired) financial situation for your retirement.
Take charge of the actions necessary to reach your optimal (desired) financial situation for your retirement.
Retirement Planning Approach
- Setting your retirement goals
- Assess the level of spending in retirement
- Assessing insured income in retirement
- Establish surplus or deficit Assess the capital required
- Assess the capital required
- Establish the capital available today
- Determine the value of available capital at retirement
- Determine capital adequacy
- Determine annual savings required
Employer's plan
- Employer pension scheme
- Benefits
Public pension plans
- Federal pension scheme
- Quebec Pension Plan (QPP)
- Quebec Contact
- Distribution of QPP statements to participants
Succession planning
- Matrimonial Regime and Will
- Family assets
- Estate components and tax impact
- Disposal of Assets in Retirement
- Civil Code
- Mandate and Trusteeship
- Legal counsel for Groupe conseil Ma Gestion inc.
Financial planning
By a Financial Planner attached to no financial product.
- Introduction to the Financial Planning Approach
- Assessment of current financial situation (budget, expenditures, debt, income)
- Custom Portfolio Exercise
- Portfolio management (financial markets, investor’s profile, etc.)
- Retirement Settlement Options
- Monitoring and actions to be undertaken