Are you between the ages 50-70 and considering retirement? We have the class for you!
Every quarter here at WDS we hold educational workshop classes through the UW-Extension. These classes are designed to help individuals understand their finances and learn how to plan so that they can go on to meet their financial goals in retirement.
Why Financial Education is Important
Due to recent tax law changes, an uncertain future for Social Security and the shift toward employee-directed retirement plans, the need for sound financial strategies has never been greater. Whether your objective is to build a nest egg, preserve your assets or maintain your lifestyle throughout retirement, this course will help you plan your future in confidence.
By attending this two-day course, you learn about the many ways to save for retirement as well as the advantages and disadvantages of each. Discover how you can save money on income taxes, manage investments risks and safeguard your assets from potential long-term care expenses.
Who Should Attend
The Retirement Planning Today course offers something for everyone. This course is designed to teach you how to build wealth and align your money with your values to accomplish your goals in life. Whether your retirement is out 20 years from now or you just recently retired, the information learned in this class can deliver rewards throughout your lifetime.
This two-day course explains time-tested strategies that will help you to make informed financial decisions. As part of your registration, you will receive two textbooks, one for each night of class. These textbooks cover 8 different sections.
- Life Planning for Retirement– To financially prepare for your retirement, you need a clear idea of your retirement and lifestyle goals. This course begins with quick, individual exercises to help you begin thinking about non-financial planning.
- Retirement Needs & Expenses– What are your retirement expectations? This section contains exercises to help you determine how much money you will need to retire in the future.
- Retirement Roadblocks & Mistakes– In this section, we identify the 10 biggest retirement planning mistakes and how to avoid them. The highlight of this section is 11 strategies for saving money on this year’s taxes.
- Retirement Income Sources– This section investigates many ways you can save for retirement and discusses the advantages and disadvantages of each. You learn whether you should convert IRA to a Roth IRA and if so, if it is to your advantage to make conversions over multiple years. Finally, you take a look at employer-sponsored retirement plans and Social Security benefits to explore important choices you must make.
- Retirement Plan Distribution– This expanded section addresses the crucial decisions people must make about their retirement plans when they actually retire. We discuss strategies that allow you to take money out of your retirement plans while maintaining financial flexibility during retirement. In addition, you also learn strategies to minimize taxes on your retirement income and avoid tax penalties.
- Investments– In the most extensive section of this course, you learn about cash accounts, stocks, bonds, mutual funds, exchange traded funds (ETFs), individually managed accounts, tax-deferred annuities and important considerations before you invest. The highlight of this section is 5 strategies for managing investment risks.
- Risk Management & Asset Preservation– This section addresses strategies designed to insure you from large financial loss prior to or during retirement. You learn what questions to ask before purchasing insurance coverage. We investigate many aspects of long-term health care including: the chance of you needing it, the cost, who should purchase insurance and alternatives. We also compare different types of life insurance and discuss how to select the appropriate coverage for you and your family.
- Estate Planning– Estate planning isn’t just about money and includes much more than planning for your death. It involves personal decisions that affect you, your family and loved ones even while you are still living. You learn strategies and techniques to minimize or eliminate income, gift and estate taxes, expenses, delays, legal challenges and a shortage of liquid assets following your death.
Optional Financial Consultation
If you have financial questions that are personal in nature or relate to specific financial products, you may arrange to meet privately with one of your instructors. This consultation meeting is complementary to attendees of the Retirement Planning Today workshop but is not required.
Interested in attending? This course will be held in-person and will consist of two 3-hour sessions.
“Retirement Planning Today Workshop”
Location: 5201 Fen Oak Dr. Madison, WI 53718
Time: 6:30 p.m. – 9:30 p.m.
Registration Fee: $75
Available Class Dates:
- Tuesday’s, January 25th and February 1st
- Monday’s, January 31st & February 7th
- Wednesday’s, February 9th & February 16th
- Thursday’s, February 17th & February 24th
- Monday’s, February 21st & February 28th
- Wednesday’s, March 2nd & March 9th
To register online, please click here.
For questions or to request a brochure, please call 608.224.3705.