retiring from education: what will my life be like when i retire?
TRANSCRIPT
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RETIRING FROM EDUCATION:The secrets to retirement happiness
Retiring from Education
Meet your moderatorBruce Sellery
Personal Finance ExpertAuthor, Moolala; Columnist at Moneysense and
CBC’s Lang & O’Leary Exchange
Retiring from Education
Meet your subject matter experts
Financial Planner – CFPEducators Financial Group
Karen Hubbard Doctor Alan Roadburg
Founder of the Second Career Program
Retiring from Education
Survey Findings:
• Main advice - plan your time: 55%.• Working in retirement: 66%.• Reasons for working - strictly financial: 15%.
Retiring from education
Retiring from Education
Our agenda
• Lifestyle readiness• Life goals and financial goals• Balancing the retirement plan and financial
reality• Q and A/wrap up
Retiring from Education
Lifestyle readiness
Retiring from Education
Retirement lifestyle readiness quiz
How do you feel about the prospect of retiring?
Retiring from Education
Retirement life goal planning
What is a
Goal?
Retiring from Education
Miss from work
WorkActivities
Retiring from Education
Retirement life goal
RetirementActivities
Retirement
Financial Goal(cost)
Life Goal(conditions)
FINANCIALPLAN
LIFE GOALPLAN
Life Goal
Retire
Your retirement career
Plan A
Life GoalRetirement Conditions
EvaluatePlans
CreateNewPlans
GuideRetirement
Career
Balance Work and Leisure
Financial Shortfall
Decision to Retire
Personalize Financial
Plan
Life GoalRetirement Conditions
Retiring from Education
Shortfall at retirement
Shortfall
Revise Financial Plan
• Extend retirement date• Work part-time• Sell assets • Change risk tolerance• Save more
Revise Life Goal Plan
Create new plans: same needs, different activities, lower cost.
Original Plan
Retiring from Education
Decision to retire
Can I afford to retire?
How will I spend my time when I retire?
Retiring from Education
Lifestyle issues
AgingMid-life CrisisFuture of RetirementMore….
Retiring from Education
Getting started
• Complete the lifestyle readiness quizwww.afterteaching.com/educatorsfinancial/
• Start the discussion • Order the eBook (Available soon) – only $5
• 50% off (Courtesy of Educators Financial Group)• Book a consultation with one of our financial specialists
• Visit our website – and specifically The Learning Centre
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• Call us at 1.800.263.9541
Retiring from Education
DisclaimerThe information provided is general in nature and is provided with the understanding that it may not be
relied upon as, nor considered to be, the rendering of tax, legal, accounting or professional advice.
Attendees and readers should consult a financial planner and their own accountant and/or legal advisor
for specific advice related to their circumstances. Educators Financial Group will not be held
responsible or liable for any losses, costs, damages or expenses incurred by reason of reliance as a
result of the aforementioned information. The information presented was obtained from sources that are
believed to be reliable. However, Educators Financial Group can not guarantee their completeness or
accuracy. Commissions, trailing commissions, management fees and expenses may all be associated
with mutual funds. Please read the simplified prospectus before investing. Mutual funds are not
guaranteed, their value changes frequently and past performance may not be repeated.
www.educatorsfinancialgroup.ca
Retiring from Education
THANK YOU