Further Details
WHY DO I NEED TO ATTEND?
Many Senior Executives feel they do not need to attend a retirement planning programme because as successful business people they will sort things out for themselves using their network of business colleagues.
EXPERIENCE TELLS US THAT VIEW CAN BE MISGUIDED.
Senior Executives in particular are used to decision taking and problem solving. They prefer to take control of situations. Once work ends they tend to dominate their new work place - the home. This can irritate at least and sometimes anger a partner who has managed the home affairs perfectly well for decades.
In our view retirees regardless of status fail to give sufficient thought to their retirement and certainly underestimate its effect on their partner if they have one. Partners welcome an opportunity to discuss informally their own concerns, even fears of being together seven days a week for 24 hours each day.
Having been used to being in control of considerable resources and managing staff and situations the absence of these can lead to boredom and frustration at home. Family and friends will be in the firing line of this discontentment.
We will Dicuss our belief that there are sufficient new challenges available to match those experienced and enjoyed at work. However, these will now be on your own terms thereby removing many of the unwelcome stresses experienced by those in demanding jobs.
With Couples it is surprising how often we witness that so far as their retirements are concerned they are not singing from the same hymn sheet, so to speak.
WILL I BE SITTING AND LISTENING ALL THE TIME?
We certainly hope not. As successful senior executives we would expect that you and your partner, if applicable, will join in fully. Whilst the topics covered will be led by experienced presenters we would hope your questions will be searching and sometimes confrontational.
Where we can, we ask delegates to discuss topics in small groups and we change these groups so that everyone mixes. Sometimes we hold lighthearted competitions between ladies and men. Rest assured no-one is forced to make a speech and there are no tests or exams!!
IS IT ALL ABOUT MONEY?
No, it most definately isn't. Whilst money is an important foundation to enjoying and fulfilling retirement plans and dreams we do not let it dominate the programme. In our experience most people nearing retirement age have already had to plan and indeed will have implemented their financial planning. Our programme is designed to confirm those plans and to answer any concerns that may exist.
In addition we invite delegates on each course to return to us their own questions on any topic about which they have a particular interest. There will be an opportunity during the programme to discuss issues privately as sometimes participants would not wish to ask certain personal questions in front of other delegates.
WHAT ELSE WILL WE DISCUSS?
The following are topics that our programmes will usually include:
Adjustment to your Lifestyle
Most senior executive roles are demanding and all absorbing. The end of work can conjure up significant losses of status, challenges, job satisfaction and responsibility. These situations are discussed and participants are encouraged to consider how retirement can be planned to provide new challenges.
Property
About 15% of British people make some form of house move at or around retirement. Almost half of these moves are regretted, so we discuss the pros and cons whether it be for a move within the UK or abroad. With a fair number of retirees in second relationships more people are reacing retirement with a considerable mortgage. This can make it useful to discuss types of mortgage and the benefits of restructuring or changing the provider. We can also look at the question of equity release and/or the rules concerning the house if residential care is needed.
Taxation, Wills and Trusts
Ensuring you do not pay tax unnecessarily in retirement is a fundamental part of our programme. This extends to children, grandchildren or other dependants so far as your estate is concerned. Included within this area is the importance of a well-structured will and increasing need to consider putting assets into trust.
Investment Strategies
A comprehensive overview of investment opportunities is outlined. This includes savings that protect against inflation, that provide income and/or growth but most importantly, are safe or low risk. Alternatively you can discuss how to plan and manage your own investment portfolio and be as adventurous as suits your pocket.
Power of Attorney
More people than ever are entering single retirement. Add this to the increased threat of terrorism that exists in this second millenium and the need for power of attorney becomes acute. both for retirees and elderly parents that may be cared for, and enduring power of attorney can be appropriate. If you have children under 18 or grandchildren, has guardianship been addressed? State Benefits Most senior executives retire well before state retirement age. It is important therefore to understand the National Insurance repercussions of early retirement. Add to this the question of pension eligibility for a partner, along with State Benefits that elderly parents may not be claiming and an interesting session is assured.
Health considerations
A comprehensive look at health issues is included. Sometimes the approach is conducted by a medical practitioner; on other occasions it leans more towards stress management or overall well being. Mental as well as physical health is discussed. In addition a light-hearted quiz is held to highlight some surprising facts on food, alcohol, smoking and exercise.
Time Management Opportunities
Retired Executives will have upwards of 2,500 extra waking hours to fill. We outline ways of doing so. It is important to continue to stretch yourself mentally. This may be through paid consultancy, returning to education or through voluntary work at home or abroad. there are countless opportunities to travel, whether trekking in Peru, cycling in france or horse riding in America. Perhaps a charity walk in the Himalayas may appeal. there will be plenty of time to indulge existing hobbies or sports or to take up new ones.
Guide price
£500 per individual, £825 per couple |
