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The Changing World of Retirement Planning

Location: The Kroc Center, 1833 Broad St, Augusta, GA 30904

Sat. March 14th, 2020

DESCRIPTION

From maximizing your social security to healthcare in retirement, this class will cover it. All welcomed but limited seating.

Continental breakfast and a box lunch will be served. 

You will receive a two-volume set of workbooks, one for part one and one for part two of the course. These materials are yours to keep.

WHO SHOULD ATTEND THIS COURSE?

Regardless of your stage in the process, you’ll learn powerful strategies that will help you build and preserve wealth in volatile times and ensure you do not run out of money in retirement.

This course is designed to help you assess your current financial position, then create a personalized road map that helps you achieve your retirement goals.

WHY THIS CLASS MATTERS

Many of the retirement strategies utilized by your parents have grown outdated and may no longer have application for those looking to retire today. This class compares and contrasts the old retirement paradigms of yesteryear and the new paradigms of today as you prepare to retire in the 21st century. You’ll discover how to insulate yourself from the risk of rising taxes, protect your Social Security from taxation, and help you avoid common mistakes as you distribute your assets in retirement.

BALANCED FINANCIAL INFORMATION

There’s a difference between taking your financial cues from media outlets and learning the basics of retirement planning from trusted, reliable, unbiased sources. This course is designed to give you a comprehensive and plain English financial education, while also exposing various pitfalls and risks that threaten to derail many retirees in the 21st century.

This is purely financial education – no specific products or services will be offered.

YOU WILL LEARN HOW TO:

  • Determine if you have enough money to retire and stay retired
  • Crash-proof your retirement income streams
  • Safeguard against stock and bond market losses during retirement
  • Avoid the three basic pitfalls of retirement distribution planning
  • Maximize Social Security income and minimize Social Security taxation
  • Evaluate the benefits of Roth Conversions
  • Insulate your future income from a rising tax rate environment
  • How to best address long term healthcare risks and expenses
  • Determine if your portfolio is truly diversified
  • Reduce or eliminate unwanted expenses or delays associated with estate planning

COURSE OVERVIEW

RETIRING IN THE 21ST CENTURY

• The old retirement paradigm vs. the new paradigm

• How to create a clear vision for retirement

• Creating a retirement road map

• Keys to transitioning to retirement

TAX RATE RISK

• Why experts say tax rates could double

• How rising taxes may affect your retirement cash flow

• The “Catch 22” of 401k’s and IRA’s

• How lost deductions may affect your taxes in retirement

RETIREMENT INCOME PLANNING

• The three basic retirement accounts

• How to accumulate dollars in the right types of accounts for future retirement income

• What’s better for you: tax-deferred or tax-free accounts

• How to define a “true” tax-free investment

• When should you convert to a Roth

• How IRA’s and 401k’s cause Social Security taxation

• Strategies to reduce or eliminate taxes in retirement

MAXIMIZING SOCIAL SECURITY

• The causes of Social Security taxation

• The Social Security thresholds of which you need to be made aware

• The real cost of Social Security taxation

• Strategies to eliminate Social Security taxation

• Social Security maximization strategies

RETIREMENT DISTRIBUTION PITFALLS

• How the new rules on “Rate of Withdrawal” affect you

• How to ensure you won’t run out of money in retirement

• How to liquidate your retirement assets in the right order

• How to eliminate “sequence of returns” risk

PROTECTING AGAINST MARKET LOSS

• The impact of dramatic market loss in retirement

• Is “buy and hold” appropriate in retirement

• How to safeguard against two types of investment risk

• How to shield your assets from stock market volatility

• Why “asset allocation” alone may not be enough

• How to truly diversify your retirement portfolio

LONG-TERM CARE PLANNING

• How a long-term care event may affect your retirement

• Medicaid spend-down rules

• Community spouse rules

• The 4 common alternatives to paying for long-term care

• Recent innovations in long-term care planning

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SOFA

Organizer of Retirement Workshop held at Raritan Valley Community College

Who We Are:

The Society for Financial Awareness is a 501(c)(3) non profit public benefit corporation. Our mission is to provide financial education across America, one community at a time. We are comprised of professionals, throughout the nation, with varying specialties. These professionals provide valuable services to their communities. One of the ways they do that is through informational workshops that are presented to individuals, companies, and organizations. These events are designed to educate and help attendees understand and address a variety of financial topics and concerns.

What We Do:

Our SOFA members, utilizing their credentials and personal qualifications, donate time in the community conducting no-cost, no obligation financial seminar workshops to individuals, companies, and organizations. Our seminars satisfy the Department of Labor’s ERISA 404(c) Requirement for companies offering any type of defined contribution pension plan to employees.

LOCATION

Ray & Joan Kroc Community Canter l 1833 Broad Street Augusta, GA, 30904

Dates: