Benefits of Corporate Retirement
Employees in the pre-retirement phase of life are frequently over-stressed
by concerns related to their finances, career, goals, and their physical
and emotional well being. Company performance is inescapably affected
by employees who are immersed in such anxieties. A comprehensive life-planning
program can relieve much of this anxiety by giving employees the tools,
expertise, and confidence to take charge of their professional and personal
2. Health Care Cost Containment
The largest health care costs are usually associated with workers and
retirees, aged 50+. The content of the health/wellness segment is geared
to educate employees on the basic principles of wellness after 50: diet,
exercise, and stress management. The objective is to make employees aware
of the need to take charge of their own health maintenance now, if they
are to enjoy current good health and in the retirement years ahead.
3. Adjust to Existing Human Resource Programs
The information presented in many of the Life Planning Segments reinforces
information presented in existing employee enrichment programs, and encourages
present and future participation in such programs. Wellness programs align
with the content of the Mid-Life Health Maintenance Segment. Stress Management
Programs align with the Goal Setting, Wellness, Life-Style and Financial
Planning Segment. Career Development programs align with the Career Advancement
3. Benefits Communication
Life Planning Education provides an appropriate platform for a comprehensive
presentation of company benefit plans. It sets the stage for such a presentation
through the information presented in the financial planning segment. Participants
see their retirement financial plan as a combination of personal investments,
Social Security benefits, possible income from part - or full-time work,
as well as the company retirement benefits plan. The responsibility for
financial well being in retirement is shifted from the company to the
4. Human Capitol Planning
Life Planning assists the participant to gain clarity on life/retirement
goals. As a result, most participants are able to decide on a retirement
date three to six months following their participation in the program.
This enables the Human Resources Management Team to focus accurately on
their Human Capitol planning needs.
5. Heightened Employee Morale
Clarity about one's personal and professional goals releases a great deal
of positive physical and emotional energy. This cannot help but have an
impact on the morale of those employees attending Life Planning Programs,
their managers, co-workers, and the community in which they live.
6. Advantages of Using an External Retirement Consultant
Employees are less likely to feel pressured or resentful when dealing with an objective third party and
are more comfortable providing confidential financial information to people outside the organization.
Communication of company programs and developments by external advisors reduces employee emotional reaction during a potentially traumatic time.
External consultants can supply the client organization with information about newly developed programs.
Benefits of Individual Retirement
1. Myths & Realities of Aging:
Ability to see beyond the standard myths about aging and transitioning
the importance of a very positive outlook toward the possibilities of
the second half of life;
the significance of responsibly setting goals for all the components of
the retirement planning process.
2. Financial independence planning:
Surveying the fundamentals of investments,
risk management, tax strategies, estate planning, as well as company and
social security retirement benefits.
3. Financial Projection:
A computerized, personalized 15-year retirement financial projection
is available for each participant.
Guided self-analysis of health and wellness needs..
5. Legal Planning:
Looking at current and future concerns of estate planning
and business law. Topics include: wills, trusts, durable power of attorney,
contract agreements, incorporation. Also included are considerations of
buying, selling, or leasing real estate, and how to choose an attorney.
6. Housing Planning:
A review of all the possible housing choices and exploration of the
many options which match health, lifestyle, finances, family and work
7. Lifestyle Planning:
Studying the changing relationships of spouses,
children, friends and co-workers in retirement. Also considered is the
necessity to create new networks, leisure pursuits, and continuing education
goals to make up a balanced retirement lifestyle.
8. Second career choices:
Analyzing the many possibilities for continued
career activity, as well as how to find and secure full or part-time employment.
9. Entrepreneurial options:
Exploring how to start/buy a business or franchise.
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