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TRANSCRIPT
®
retirewise®
workshop series
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financial education workshops
MetLife’s PlanSmart® also offers these
financial education resources:
Financial Education Workshops:
•Topical Workshops
•Special Needs Planning
Decision-Support Assistance:
•Transition Solutions
•Delivering The Promise®
The face of retirement is changing
Changes in the healthcare system, government sponsored programs
and employer plans are impacting the largest pre-retirement population
in history. As a result, your employees may be asking you more
questions than you can answer.
One way you can help your employees is by offering retirewise®. As the foundation of
our PlanSmart® financial education series, the retirewise workshop series offers you a
comprehensive retirement education resource that supports your strategic objectives while
providing your employees with the information they need to achieve their retirement
planning goals:
•Objectiveinformationonawiderangeofretirementissues
•Deliveredbyalocalfinancialprofessional—speciallytrainedinretirementissues
•Tiesyourexistingbenefitstoemployees’personalretirementplan
•Turnkeyimplementation—andatnocosttoyouoryouremployees
Withover140yearsofexperienceinemployeebenefits,andourexperienceinaging
through the MetLife Mature Market Institute®, we are in a strong position to educate and
assist your employees as they prepare for retirement.
Beyond the money and financials, we will:
• Help your employees
envision their retirement
years and the steps they
should take to achieve their
goals.
• Educate your employees
about the resources
availabletothem—from
savings and investments to
insurance and their own
employer benefits offerings.
• Integrate your benefits
offerings so your employees
canmaximizethevalueof
what you offer them in their
retirement plans.
Budgeting for Retirement
Create a personalized budget:
• Estimatingexpensestoday
• Usingtoday’sincomeandexpensestoestimate retirement cash flow needs
It’s a Wrap
Homework
• Completinghigh-levelworkbookexercisestosolidifyconcepts learned
What comes next?
• Review of what was covered in this session
• Overviewoftopicsdiscussedinthenextmeeting
Introductions and Program Overview
Why are we all here?
• Changes in the healthcare system, government programs and employer plans have already been impacting the largest pre-retirement population in history.
• Education is your employees’ greatest tool to help assist them in pursuing their retirement and financial goals.
• MetLifehastheexperiencetohelpyouremployeesnavigate the trends, options and resources available to them so they can feel confident about their retirement.
A comprehensive retirement education approach
• Personal retirement aspirations
• Income planning
• Financial and healthcare considerations
• Integrationwithexistingemployeebenefits
Envisioning Your Retirement (MetLife Video)
Research will address financial and retirement trends
and perspectives — today and in the future:
• Employees will define their own vision of retirement.
• This will set the stage on understanding how to create and maintain a financial strategy that will help them reach their goals.
Using Your Money More Wisely
Review the basic money principles and
their relevance in retirement:
• Paying yourself first
• Importance of creating a budget
• Power of compounding
• Considerationsfortaxdiversification
• Taxadvantagedinvesting*
− 401(k) – Traditional IRA
− 403(b) – Roth IRA
• Understanding the impact of inflation
*Note:Thissectionwillbecustomizedtodiscussonlythetype(s)ofplan(s)thattheemployeroffers.
Module 1: Building the Foundation
Learning Objective
In Module 1, employees will start to envision their retirement
and how they will finance it based on current and future
retirement trends. We will cover some financial basics and
budgeting for retirement. Employees will start to see how
what they have will contribute to the retirement they want.
Investment Pyramid
Key features and risks of each asset class:
• Cash equivalents
• Bonds
• Stocks
• Mutual funds
• Is it possible to be too conservative?
Investment Strategies for Accumulating Wealth• Understanding asset classes
• Determining your risk tolerance
• Diversification
• Asset allocation
• Portfolio rebalancing
Investment Guiding Principles• Time in the market
• Dollar cost averaging
• Fundamentals of managing risk
Understanding the Risks You Need to Manage• Inflation
• Taxes
• Market risk
• Unexpectedexpenses
Budgeting for Retirement• Estimatingexpensestoday
• Projectingexpensesinretirement
It’s a Wrap
Homework
• Completinghigh-levelworkbookexercisestosolidifyconcepts learned
What comes next?
• Review of what was covered in this session
• Overviewoftopicsdiscussedinthenextmeeting
Module 2: Creating and Protecting Wealth
Learning Objective
In Module 2, we introduce the principles of investing
and the various investment vehicles available to
employees. Employees will also understand the
general rules to building wealth and how to go
about protecting it.
Shifting Focus from Accumulation to Distribution
What are some of the risks your employee’s retirement
portfolio could be exposed to in retirement?
• Longevity risk
• Withdrawal rates
• Timing risk in the market
• Unexpectedexpenses
The Retirement Income Planning Process
What are the key elements of the retirement income
planning process?
• Look at the big picture and determine retirement goals
• Identifyexpensesinretirement
• Identify guaranteed sources of retirement income
− Social Security
− Employer-sponsored defined benefit plans
• Identify other sources of retirement income
− Employer-sponsored defined contribution plans
− Earned income
− Unearned income
− Personal savings
− Alternative sources
How do employees manage their retirement assets and help provide a lifelong income?• Matching retirement “needs” with dependable
income sources
• Matching retirement “wants” with other income sources
• Protectingagainstunplannedexpenses
It’s a Wrap
Homework
• Completinghigh-levelworkbookexercisestosolidifyconcepts learned
What Comes Next?
• Review of what was covered in this session
• Overviewoftopicsdiscussedinthenextmeeting
Module 3: Establishing Your Retirement Income Stream
Learning Objective
In Module 3, employees will learn how to structure a
retirement income stream to address their retirement
wantsandneeds.Wewillexaminetherisksthatcan
impact retirement funds and how to manage assets to
help provide lifelong income.
Your Employer’s Benefit Plans
Do your employees know what is included
in their benefits plan?
• Retirement
• Protection
• Legal services
• What happens after retirement
• What benefits continue
Protecting Against Unexpected Expenses
What do government programs provide
for retirees and what is not covered?
• Medicare basics
• Long-term care
Retirement Readiness Exercise • Understand 15 key readiness tasks for a successful retirement
• Complete worksheet
• Assess readiness and actions to take
Estate Planning Basics• Special Needs Trusts
• Wills
• Healthcareproxy
• Power of attorney
• Lifetime giving
• The basics of trusts
Conclusion
What have your employees learned?
• Put it all together
• Understand how the benefits package you offer fits into their own retirement plan
• Know how to work with what they already have in any stage of retirement planning
• Know the resources available if they are feeling overwhelmed
Learning Objective
In Module 4, we will review your employee benefits,
together with other benefits, to help clarify how they fit
into your employees’ retirement plans. We will also cover
the basics of estate planning, wills and trusts.
Module 4: Making the Most of What You Have
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MetLife Securities, Inc. (member FINRA/SIPC) 1095 Avenue of the Americas New York, NY 10036
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Contact your MetLife representative
for more information.