Retirement Planning Training Course for Retiring Employees

The Retirement Planning Training Course for Retiring Employees is a comprehensive one-week program organized by the Geneva Institute of Business Management, and it is part of the Human Resources Training Courses series. This course is specifically designed to empower employees approaching retirement with the knowledge and tools necessary to make informed decisions about their financial and personal futures. As retirement marks a significant transition in life, it brings a range of new challenges—from financial security and healthcare planning to lifestyle changes and emotional readiness.

This training course addresses the growing need for practical, clear, and personalized guidance on retirement planning. With workplace demographics shifting and life expectancy increasing, it's more important than ever for employees to prepare early and thoroughly. Whether it’s understanding pension options, managing post-retirement income, or navigating health insurance and estate planning, participants will leave with a well-rounded understanding of how to plan for retirement with clarity and confidence.

The program combines financial literacy, legal knowledge, personal development, and post-career goal setting in a structured and accessible format. Delivered through expert-led sessions, interactive case examples, and tailored tools, the course supports individuals in crafting a retirement strategy that aligns with their lifestyle goals and financial situation.

Objectives of the Course

This retirement planning course is designed to help employees take a proactive approach to preparing for the next chapter of life. Key learning objectives include:

• Understanding retirement income sources: Social security, pensions, employer-sponsored retirement plans, annuities, and other financial assets.
• Budgeting for retirement: Learning how to create and adjust budgets to meet long-term needs in the absence of a monthly salary.
• Healthcare and insurance planning: Navigating healthcare costs, selecting post-retirement insurance options, and understanding long-term care policies.
• Tax and estate considerations: Identifying the tax implications of retirement income and the basics of estate planning, wills, and trusts.
• Lifestyle planning: Exploring how to remain active, socially connected, and engaged after leaving the workforce.
• Emotional readiness: Preparing mentally for the shift from structured work life to personal freedom and self-directed time.
• Managing risk and inflation: Building resilience in retirement plans to protect against market volatility and rising costs of living.

Participants will leave the course equipped with practical tools, personalized action plans, and greater confidence in their ability to retire on their own terms.

Target Group

This training program is specifically tailored for individuals nearing retirement who are looking for clear guidance and personalized strategies to help them make the transition smoothly. Ideal participants include:

• Public or private sector employees approaching retirement within the next 2–5 years.
• Executives and senior staff who have spent decades in the workforce and want to plan responsibly for retirement.
• HR departments seeking to support their employees with structured pre-retirement training options.
• Professionals managing their own retirement funds, pensions, or investments who need expert insight.
• Anyone interested in early retirement planning or who wishes to take proactive steps even if not yet near retirement age.

Whether you are planning to retire in a few months or a few years, this course helps demystify the retirement process and ensures you are well-prepared for the journey ahead.

Course Content

Delivered over five days, this retirement planning course is structured into engaging and practical modules designed to cover both financial and non-financial aspects of life after work. Participants will engage in group discussions, hands-on activities, and scenario-based exercises that help translate theory into action. Key modules include:

Day 1: Retirement Goals and Vision

• Defining what a successful retirement looks like
• Identifying personal values, priorities, and future lifestyle preferences
• Exploring emotional aspects of retirement

Day 2: Financial Fundamentals for Retirement

• Estimating retirement expenses and calculating income gaps
• Diversifying income streams: savings, investments, and pensions
• Understanding inflation and protecting purchasing power

Day 3: Healthcare and Insurance Planning

• Planning for medical expenses and long-term care
• Understanding Medicare and private insurance options
• Health-related risks and preventive strategies

Day 4: Taxation and Legal Considerations

• Retirement tax strategies and required minimum distributions
• Basics of estate planning, wills, powers of attorney, and trusts
• Avoiding common legal pitfalls in retirement

Day 5: Life After Retirement

• Finding purpose, hobbies, and volunteer opportunities
• Staying socially active and mentally engaged
• Maintaining wellness and managing change

Each module is facilitated by seasoned professionals in finance, law, and human behavior, ensuring a balanced and practical learning experience. Participants will also receive planning templates, checklists, and resources to continue their retirement preparation independently.