This Workshop is a Live Webinar
This workshop is offered every month
$645 + 84.85 HST = $728.85 per person
We require a minimum of 10 people to proceed with a workshop
To register please contact us
+1-613-836-7890
Pre - Retirement Planning Workshop - Federal Employees - Description:
The Pre-Retirement Planning program provided through the Canada School of Public Service is no longer part of their curriculum.
This is why Businessin10 decided to provide a more comprehensive program, that includes all the material that was covered in the Canada School of Public Service program, and more.
According to Statistics Canada, the average life expectancy currently stands at 85 years and is steadily rising. This implies that if you choose to retire at 55, 60, or 65, you’re potentially looking at 20 to 30 years of retirement.
Given our increasingly long lifespans, planning for retirement has become more critical than ever. We have unprecedented amounts of free time, and the proper management of this time is crucial for a fulfilling retirement.
The last thing anyone wants is to reach retirement age and realize that they lack sufficient funds, don’t have a plan to utilize all their newfound free time, or haven’t organized their personal affairs effectively.
In response to these concerns, we’ve developed a course specifically tailored to address the needs of Canada’s federal public service employees. Our program helps you prepare financially, emotionally, and practically for the journey ahead.
In this course we cover:
1- The public service pension plan for Canada’s federal government employees
2- Financial planning
3- Estate planning
4- Psychological aspects of retirement
5- Physical health and well-being
Public Service Pension Plan:
1- Public service superannuation plan – Pension Plan.
2- Service buyback.
3- Survivor benefits.
4- Supplementary death benefit.
5- Leave without pay.
6- Group insurance- Health care plan and Dental services plan for pensioners.
Financial Planning:
1- The government programs, such as Canada Pension Plan, Quebec Pension Plan, Old Age Security and Guaranteed Income Supplement and much more. How they work and when to use them to supplement your income.
2- We discuss in detail the registered savings such as RRSP, TFSA, RRIF, Annuities, and much more. How they work and when to use them.
3- We discuss managing your investments, the various investment types, and the mix of investments at various stages of your life.
4- We go through tax planning, how to save money by utilizing sound tax strategies.
5- We discuss Retirement Income planning, we will help you develop a retirement budget and go through income management by identifying sources of income while in retirement.
6- We go through an example of income planning for Canada’s Federal Public Service Employees.
7- We discuss Inflation and how to protect yourself against inflation, Identity Theft, and Credit Score.
Estate Planning:
1- What is a Will and Why
2- How to prepare a Will.
3- Probate, what does it mean?
4- Tax at death and yes there is tax, we will go through that and how you can minimize taxes.
5-Codicil, what does it mean.
6- And how you can preserve your dignity in case of incapacity to make your own decisions by appointing a Power of attorney for Financial & Personal Care.
Psychological aspects of retirement:
1- Facts and statistics
2- You can’t build a structure without a solid foundation. The foundation is built on Values, Identity & Purpose
3- Framework is built on time, décor represents goals, weather forecast, you can’t predict the weather, therefore you need to be ready for change
4- Exercises to identify values, identity and needs, to meet your purpose
5- Discussion and exercises to identify what you do today to meet essential human needs such as: to Belong, to Learn, to Contribute and to have Purpose
6- Discussion and exercises to identify what you need to do during retirement to have these needs met
7- Utilization of time today and during retirement
8- Mindset Growth vs Fixed
9- How to deal with change
10- Start the development of a retirement plan
Physical health and well-being:
1- Canada food guild and its evolution and expand the discussion on the current food guide.
2- Eating habits, vitamins & supplements vs healthy foods and we go through a typica day in a person’s life.
3- Exercise using a food journal, going through a definition of hunger, scale of hunger and why.
4- Food myths vs facts and meal planning.
5- Physical activities.
6- Public Health of Canada guide.
7- Physical activities – how to integrate physical activities during daily activities
8- Canadian 24-hour movement.
9- SMART exercises, Specific Measurable, Attainable, Relevant & Time-Bound, for both healthy eating and exercise.