Retiring from education: What will my life be like when I retire?

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RETIRING FROM EDUCATION:The secrets to retirement happiness

Retiring from Education

Meet your moderatorBruce Sellery

Personal Finance ExpertAuthor, Moolala; Columnist at Moneysense and

CBC’s Lang & O’Leary Exchange


Meet your subject matter experts

Financial Planner – CFPEducators Financial Group

Karen Hubbard Doctor Alan Roadburg

Founder of the Second Career Program


Survey Findings:

• Main advice - plan your time: 55%.• Working in retirement: 66%.• Reasons for working - strictly financial: 15%.

Retiring from education


Our agenda

• Lifestyle readiness• Life goals and financial goals• Balancing the retirement plan and financial

reality• Q and A/wrap up


Lifestyle readiness


Retirement lifestyle readiness quiz

How do you feel about the prospect of retiring?


Retirement life goal planning

What is a

Goal?


Miss from work

WorkActivities


Retirement life goal

RetirementActivities

Retirement

Financial Goal(cost)

Life Goal(conditions)

FINANCIALPLAN

LIFE GOALPLAN

Life Goal

Retire

Your retirement career

Plan A

Life GoalRetirement Conditions

EvaluatePlans

CreateNewPlans

GuideRetirement

Career

Balance Work and Leisure

Financial Shortfall

Decision to Retire

Personalize Financial

Plan

Life GoalRetirement Conditions


Shortfall at retirement

Shortfall

Revise Financial Plan

• Extend retirement date• Work part-time• Sell assets • Change risk tolerance• Save more

Revise Life Goal Plan

Create new plans: same needs, different activities, lower cost.

Original Plan


Decision to retire

Can I afford to retire?

How will I spend my time when I retire?


Lifestyle issues

AgingMid-life CrisisFuture of RetirementMore….


Getting started

• Complete the lifestyle readiness quizwww.afterteaching.com/educatorsfinancial/

• Start the discussion • Order the eBook (Available soon) – only $5

• 50% off (Courtesy of Educators Financial Group)• Book a consultation with one of our financial specialists

• Visit our website – and specifically The Learning Centre

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• Call us at 1.800.263.9541


DisclaimerThe information provided is general in nature and is provided with the understanding that it may not be

relied upon as, nor considered to be, the rendering of tax, legal, accounting or professional advice.

Attendees and readers should consult a financial planner and their own accountant and/or legal advisor

for specific advice related to their circumstances. Educators Financial Group will not be held

responsible or liable for any losses, costs, damages or expenses incurred by reason of reliance as a

result of the aforementioned information. The information presented was obtained from sources that are

believed to be reliable. However, Educators Financial Group can not guarantee their completeness or

accuracy. Commissions, trailing commissions, management fees and expenses may all be associated

with mutual funds. Please read the simplified prospectus before investing. Mutual funds are not

guaranteed, their value changes frequently and past performance may not be repeated.

www.educatorsfinancialgroup.ca


THANK YOU

Economy & Finance

Retiring from education: What will my life be like when I retire?