Think of the Black Wall Street of yesterday where our people had everything they needed and everything they were interested in at their fingertips. A place where we can build up and support our people in many different ways. UALE.COM connects the businesses, the interests, the culture that is all us…by us. These are the perfect times! The time is NOW!
Planning for Income & Withdrawal Strategies in Retirement Virtual Workshop
February 22 @ 7:00 pm - February 24 @ 8:00 pm EST
Welcome to our three-part series of the Investing for Income in Retirement virtual workshop, designed to help investors begin to think about the transition from accumulating assets on the path toward retirement to the decumulation and planning phase for the income needed in retirement. Each of these virtual sessions will be 60 minutes long, moderated by the event managers and taught by an education coach with the final session being dedicated to questions and answers. During this event, we’ll cover:
- Changing your mindset: saving to spending
- Develop a retirement income blueprint
- Building the floor: Align income sources with core needs
- Beginning the upside: Align investment income with discretionary expenses
Day 1: Tuesday, February 22nd | 7:00 – 8:00 PM
In part one of this three-part series we’ll begin to discuss the shift in mindset from saving for retirement to spending during retirement. We’ll lay the framework for building an income blueprint, helping understand how to plan for the income needed during retirement. During this session, we’ll focus on building a personal income statement.
- Build a personal income statement
- Identify possible income sources
- Identify core expenses
- Identify potential income gaps
Learning Outcome: After this session you will have a more thorough understanding of the possible sources of income available to you in retirement. Use of the Retirement Income Planning Worksheet offers further detail on core expenses, and the potential gaps in income resulting from this retirement planning.
Day 2: Wednesday, February 23rd | 7:00 – 8:00 PM
In part two of this three-part series, we’ll focus on some of the withdrawal strategies to help you obtain an understanding of how to move into the decumulation phase of retirement.
- Differentiate between needs, wants, and wishes in retirement
- Fine-tune the decumulation phase by determining which of two targeted withdrawal strategies might make more sense given your current financial situation
- Understand the importance and first steps involved with estate planning
Learning Outcome: After this session you will have tools to help establish a plan for the decumulation of assets in retirement. You will become familiar with the Retirement Calculator and the importance and initial steps of estate planning.
Q&A Session: Thursday, February 24th | 7:00 – 8:00 PM
Pre-submit your questions, where we’ll gather input from attendees to reinforce main principles and learning outcomes from the first two workshop sessions and see the practical use of retirement planning tools at tdameritrade.com in action. Submit your questions here.