How to Plan for the Perfect Retirement

Overview

Course No. 5018

Learn how to secure your financial future and create the retirement lifestyle of your dreams with practical advice for planners of any age and income level. Recent statistics suggest that nearly two-thirds of Americans regret not planning properly for retirement. We often underestimate key factors like lifespan, the duration of retirement, and how much money we’ll need to fund those years.

Retirement planning can feel overwhelming, leading many to put off addressing it until it’s too late. In “How to Plan for the Perfect Retirement,” Professor Dana Anspach of Sensible Money, LLC, serves as your step-by-step guide to creating the future you desire. No matter your age or stage in your career, it’s never too late to develop a suitable plan.

Professor Anspach simplifies retirement planning by identifying essential questions, explaining how to examine your personal finances, and showing how small changes now can yield significant benefits later. Through engaging graphics, enlightening statistics, and clear explanations, you’ll learn actionable steps to create a more secure financial future, no matter your circumstances.

Course Structure

1. How to Think like a Retirement Expert (33 min)

• Explore the aspects of retirement planning, including the different phases of retirement and the distinction between advisors and salespeople.

1. How Much Money Do You Need to Retire? (29 min)

• Learn how to accurately estimate necessary retirement funds through personalized expense, income, and withdrawal timelines.

1. Five Ways That Retirees Run Out of Money (32 min)

• Identify major risks retirees face and develop resilient financial plans to navigate these challenges.

1. How to Start Saving for Retirement (29 min)

• Compare two approaches to budgeting and make crucial decisions about debt and savings.

1. Mid-Career Financial Strategies (27 min)

• Understand the balance between funding your child’s education and contributing to your retirement.

1. Investing for Safety, Income, and Growth (27 min)

• Discover investment strategies and the importance of discipline over skill.

1. The Five-Year Countdown to Retirement (29 min)

• Learn the actions to take during the years leading up to retirement, including cash reserves and Social Security timing.

1. How to Make Your Retirement Savings Last (31 min)

• Explore strategies for withdrawals and the pros and cons of various annuities.

1. Planning the Go-Go Years in Retirement (31 min)

• Discuss important decisions regarding health care, Social Security, and retirement timing.

1. Financial Strategies for the Slow-Go Years (28 min)

• Delve into estate planning documents and the significance of account titling and beneficiary designations.

1. Social Security, Medicare, and Tax Strategy (32 min)

• Make informed decisions regarding Social Security and health insurance options to maximize financial gains.

1. 10 Questions to Answer Before You Retire (30 min)

• Explore critical questions to help you formulate a secure and fulfilling retirement plan.