Online Class: Retirement Planning
This online class will address a number of these issues and give you a place to start. Financial concerns regarding IRA's, insurance, and what you should do with your house will be addressed. Specific health recommendations will be made to maximize your physical condition during retirement. And what about your social and family relationships? Most of us have allowed these very important relationships to lapse when our happiness during retirement is actually based on them.
After working for what seems like forever, we all look forward to that magical goal in our life. RETIREMENT.
However, this begs the question, "What exactly IS retirement?" For many folks, this means that you no longer have to get up to that early morning alarm clock, no long and annoying commute, you do not answer to a boss any more, in other words, you are FREE! Right?
Far too many people have only a vague idea of what retirement is, and therefore simply wait for it to happen and make no plans for it. This is a recipe for disaster.
Did you know that in 1910, the average life expectancy was 50 years and that the average age for retirement was 74 years? That means most retirees were dead for 25 years BEFORE they could retire. By 1940, life expectancy increased to 61 and retirement dropped to 70…still a deficit. By 1970, life expectancy was up to 67 and retirement age dropped again to 65.
This idea of retirement, therefore, is a relatively new one. It has only really been around for a few generations. Small wonder most folks do not know how to plan for it.
What you need to keep in mind is that planning for retirement DOES mean you have to plan for your financial future, and most people are aware of this fact. Make sure that your retirement plans and pension plans are being watched carefully, that you know what to do in terms of rolling over money to avoid huge tax burdens. You all know how to make a budget, see how much it costs you to live today, and make sure that you will have that much money coming in monthly when you retire.
For the most successful retirement experience, you absolutely MUST consider a holistic retirement plan, considering all aspects of retirement, not just the monetary aspect. The statistics do not lie. You can expect to live for quite some time in retirement. Consider the following possibilities.
- What will you do with yourself? Are you the type of person whose identity is defined by your work? If so, who will you be when you retire?
- Do you know your wife or husband? Your family? Have you spent all your time working to provide for your family, but now do not know who they are? It is time to change this.
- Friendship is critical, keeping old friends and learning how to make new friends. For many of us, the art of making friends ended in the elementary school playground.
- Some of you might want to continue working, but NOT in your former job.
- You might have a passion you have never been able to pursue before.
- Perhaps you have not finished a degree in something, or you want another degree. More and more retirees are attending college and completing upper level degrees.
- Some people have dedicated themselves to raising a family, and now want the opportunity to go out and start a business, make a contribution to society, somehow make a difference in our world.
Retirement can be the most exciting part of your life, one where YOU define what you will do and who you are. However, if you do not plan for this, years could be wasted while you wait for retirement to happen to you. Who are you? What do you REALLY want to be when you grow up? Where do you want to live? What have not you done yet and MUST do before you leave this world? Start now by taking good care of your health, both physical and mental. Forge new relationships and friendships, and certainly take care of the ones you already have. Retirement should be the most GOLDEN period of your life!
Where You Are Today
Regardless of your age, planning for retirement can start today. It is time to consider you financial situation, your age, how long you have been working, how long you plan to continue working, what pensions, IRA's or other retirement vehicles you have established, and what your dreams of retirement are.
To create a reasonable retirement plan it is vital that these questions are considered and answered. If you are 55 and have put nothing toward retirement and yet you plan to live out your Golden Years traveling and golfing, you could be in for a bit of a surprise. Retirement does not automatically hand you a life of luxury on a platter.
Lesson 1. The Plan for RetirementFar too many people have only a vague idea of what retirement is, and therefore simply wait for it to happen and make no plans for it. This is a recipe for disaster.
Lesson 2. InvestingThe last third of our lives can be spent in that state commonly referred to as "retirement".
Lesson 3. More Sources of Retirement IncomeSocial Security was initially established in 1935 as a social insurance plan to provide supplementary income for retired or disabled individuals.
Lesson 4. Other Sources of Retirement IncomeThe first piece of real estate to consider in your retirement is your own home. If you have owned your home for years and not tapped into the equity for any reason, you could realize a great deal of money from it.
Lesson 5. Unexpected or Unanticipated ExpensesTaxes have been a constant, examples include sales tax, property tax, income tax, and others. Most Americans have managed to handle taxes without becoming intimately involved.
Lesson 6. Investing In HealthNow that we have given you a good understanding of your financial retirement responsibilities, it is time to address the other vital concerns to help ensure a terrific retirement phase of your life.
Lesson 7. Family LifeRetirement is when you reap what you have been sowing all these years. Only this lesson is about family and not about money.
Lesson 8. Silver and GoldAny social relationship is typically based on proximity and convenience. They arise out of our daily activities, school, church, and work. Look at your own social circle.
Lesson 9. Developing Interests and Self-WorthMany of us envision retirement as that long awaited endless summer vacation. We have been vigilant about preparing ourselves financially and when the big day finally arrives, many of us are disappointed.
Lesson 10. Where To LiveRetirement often brings to mind places of infinite sunshine, and a number of retirees sell everything and move to Florida or Arizona. For some, this is like moving to paradise.
Lesson 11. How to Live the Life of Your DreamsBy now you will have discovered that retirement is not a short period where you sit around waiting to die.
- Define the plan for retirement.
- Describe investing techniques.
- Describe sources of retirement income.
- Summarize unexpected or unanticipated expenses.
- Summarize reason and methods for investing in health.
- Describe family life.
- Describe silver and gold in terms of investment.
- Summarize developing interests and defining self-worth.
- Summarize where to live.
- Summarize the basic principles for living the life of your dreams.
- Demonstrate mastery of lesson content at levels of 70% or higher.
Additional Course Information
- Document Your Lifelong Learning Achievements
- Earn an Official Certificate Documenting Course Hours and CEUs
- Verify Your Certificate with a Unique Serial Number Online
- View and Share Your Certificate Online or Download/Print as PDF
- Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media
- "I really enjoyed the course. I think there are many people who financially prepare but do not consider the other aspects of retirement such as health planning, activity planning, and relationship planning. I like the holistic approach this course offered." -- Wendy M.
- "This course was exceptionally helpful to me. I have learned so much to help me prepare for my big moment in a few years. I would advise everyone preparing to retire to take this course. There are so many levels of preparing I hadn't thought of from managing your mortgage, your healthcare after retirement, budgeting, and when to collect your social security and so much more. I feel as if I'm so much more prepared." -- Aretha K.
- "Thank you very much to every one involved I very much appreciated and enjoyed the course." -- Edward A.
- "Thank you for offering this great course." -- Diane D.
- "Excellent instructor...Always encouraging." -- Jane C.
- "This course was best of best I have ever taken. I loved it. The instructor was excellent." -- James Y.
- 7 hours 0.7 CEUs Financial Analysis 101: Planning and Control + More Info
- 5 hours 0.5 CEUs Managerial Accounting 101 + More Info
- 7 hours 0.7 CEUs Understanding Financial Statements + More Info
- 8 hours 0.8 CEUs Investing 201: Intro to Commodity, Options, and Futures Markets + More Info
- 2 hours 0.2 CEUs Understanding Insurance Types + More Info
- 5 hours 0.5 CEUs Operations Management 101 + More Info
- 4 hours 0.4 CEUs Purchasing and Vendor Management 101 + More Info
- 32 hours 3.2 CEUs Accounting & Bookkeeping 101 for Everyone + More Info
- 8 hours 0.8 CEUs Payroll Management 101 + More Info
- 8 hours 0.8 CEUs Community Development 101 + More Info
- 5 hours 0.5 CEUs Home Business + More Info
- 5 hours 0.5 CEUs Small Business Guide + More Info