Course Outline

Module 1: Financial Planning for Retirement

• Assessing current financial status and retirement goals
• Understanding retirement savings vehicles, including pensions, 401(k)s, and IRAs
• Developing a retirement budget and creating a sustainable income stream
• Exploring strategies to maximize Social Security benefits and other retirement income sources

Module 2: Healthcare Considerations in Retirement

• Understanding Medicare eligibility, coverage options, and enrollment deadlines
• Evaluating supplemental health insurance options, including Medigap and Medicare Advantage plans
• Planning for long-term care needs and exploring insurance options
• Managing healthcare costs in retirement and navigating healthcare decision-making

Module 3: Lifestyle Adjustment and Transition

• Anticipating and preparing for lifestyle changes in retirement, including housing, leisure activities, and social connections
• Exploring post-retirement employment, volunteer opportunities, and continued education options
• Strategies for maintaining physical and mental well-being in retirement
• Coping with the emotional aspects of retirement and finding purpose and fulfillment in this new phase of life

Module 4: Legacy and Estate Planning

• Understanding the importance of estate planning and legacy preservation
• Assessing estate planning tools and techniques, including wills, trusts, and advance directives
• Strategies for minimizing estate taxes and maximizing the value of assets passed on to heirs
• Communicating estate planning wishes with family members and beneficiaries

Module 5: Transition Support and Resources

• Accessing resources and support services available to retiring central bank professionals
• Understanding the retirement process and deadlines within the organization
• Exploring post-retirement benefits, including healthcare coverage, life insurance, and pension distribution options
• Developing a personalized retirement transition plan, including action steps and timelines for a smooth transition out of the workforce