Financial Literacy: Retirement Planning and Long-Term Goals
Description
This subject develops competency in retirement planning across the full lifecycle, from early-career calculation through retirement execution and longevity management. It covers retirement corpus calculation methodologies, inflation adjustment techniques, healthcare cost projection, early retirement feasibility analysis, pension income strategies, withdrawal frameworks, and post-retirement financial management. Understanding retirement planning is essential for all workers to ensure financial security in non-working years.
Learning Objectives
Upon successful completion of this subject, learners will be able to: (1) calculate retirement corpus using multiple methodologies, (2) adjust corpus for inflation across decades, (3) evaluate retirement age flexibility options, (4) assess early retirement viability, (5) project healthcare costs in retirement, (6) develop pension income strategies (annuity, SWP), (7) understand 4% withdrawal rule, (8) plan for spousal longevity, (9) optimize tax-efficient withdrawals in retirement, (10) manage sequence of returns risk, (11) adjust retirement plans as circumstances change.