Planning for Retirement Course

This is a programme on how all employees sure to approach retirement shortly or in a few years’ time must plan how they will confront real economic issues after their employment in the organisation. The course shows that retiring from corporate employment need not become a calamity. It also introduces participants to post-retirement Entrepreneurship, and they are taken through an orientation of “entrepreneurial personality” which, rather than be characterized by a propensity for risk taking, will, among other things, focus success on one thing – “opportunity focused.”  They will learn several entrepreneurial logics and make them dig deep into ideas underlying a product or service they may think of producing, prepare the ideas, get started, and keep it going with commitment.

The Training will also give the Participants the ways to:

• identify their talents and personal capabilities they can utilize elsewhere.
• restructure their lives.
• implement a new financial life plan.
• If desired, start and run own businesses and become successful entrepreneurs.
• invest wisely.
• where needed, get new satisfying employment.

Course Contents

General Work-exit Orientation

• Dimensions of Change and New beginnings - Exploring attitudes, hopes and fears.
• Exploring psychological aspects to exit
• Preparedness for life after current work
• Exploring your talents and passions

State of the economy and prospects faced post-employment.

• Defining Yourself – your retirement party
• Coping with severance from corporate employment
• How long-term employees are like Migrant Birds
• Family issues – harmony or tension
• Community involvement
• Health matters – death of body organs by instalments
• Political shocks and wars
• Financial Net Worth to-date
• Liquid assets
• Investment assets
• Personal “assets”
• Short-term liabilities
• Long-term liabilities.
• Choice of what to do next.

Investments Awareness

• Types of investments currently available in Nigeria
• Guidelines and advice on selecting investment types.
• Pension management - Worth by Pensions
• Worth by Life Insurance
• Savings and Fixed Deposits
• Company shares build-up
• Real estates.

How You Can Run Your Own Business

• The Retiree’s Job Description as a Business Owner
• Planning a new business
• Business development process.

Entrepreneurship

• How to Choose an Entrepreneurial Endeavour to Pursue
• The courage to take the leap.

A random walk-through simple business suitable for retirees

• The disciplines for business success
• Preparation of a business plan
• Legal requirements for business.

Nurturing a Business for Profitability

• Systems and structure for a retiree’s business
• Marketing knowledge and selling skills to propagate the business.
• Attention to the financial health of the business – capital and cash flow.
• A sample Business Cash Flow Projection
• A sample Profit and Loss Account.

Health and Leisure

• Ageing gracefully
• Balancing work and health
• Making alternative arrangements for Health cover
• Health guideposts
• Post-retirement stress syndromes – physiological and emotional
• Common symptoms and signs
• Medical check-ups and treatments.
• Nutrition
• Your feeding patterns.
• Nutrients the body needs
• What constitutes balanced diet in old age.
• Exercises
• Age-sensitive exercises
• Regularity of exercises.
• Recreation
• Socializing in retirement
• Significance of the family
• Community activities
• Spiritual engagements.
• Personal Habits
• Drinking
• Smoking
• Sleep pattern
• Personal hygiene.
• Managing Time in Retirement

Assuring Family Peace

• Understanding how Wills are prepared.
• Setting up a Trust.

Picking a New Career - Back in the Employment Market

• Job search skills
• Finding that job – a big or a small organisation?
• Have you the personality for the job?
• Self-improvements for new career readiness
• Planning and preparing your resume.
• Writing and presenting your CV
• Where they use Tests and Assessment Centre
• What makes a good interview?