Financial Independence, Retire Easy-(FIRE)

Background

Any life transition is difficult, and thinking of how you might retire and the timing of retirement is worth considering now rather than later. This necessitates the reflection of your retirement with financial independence and financial freedom. Pre-retirement starts at the beginning of a career and extends throughout a career by developing and maintaining interests and activities that can be expanded and deepened when the all-consuming work environment is not the sole focus. This leads to the following important questions:

1. What will my post-retirement activities include?
2. What will be hard for me in the transition to retirement and what will be easy?
3. When will I be financially and professionally ready to take that step?
4. Do I have all the information I need to make decisions

Learning Outcomes

At the end of the course one will be able to:

1. Understand the importance of financial independence and financial freedom 
2. Understanding the importance and art of retirement planning.
3. Planning a rewarding and balanced future.
4. Developing holistic retirement plans by including financial, emotional, social, and career needs.
5. Managing their pension funds effectively.
6. Identifying the best retirement income strategy.
7. Preparing for professional transition and identify their interests, hobbies, and opportunities.
8. How to transition from formal employment to retirement.
9. Psychological and health aspects to manage pre and post-retirement

Target participants 

The course is relevant for employees of all ages interested in pre and post retirement planning for their financial needs and lifestyle. Includes human resources professionals responsible for managing retirement and pension programs, finance and accounting professionals involved in pension fund management and reporting, executives and decision-makers responsible for designing severance packages and retirement benefit policies, legal professionals involved in retirement-related legal compliance and documentation, lower level, mid-level to senior-level officials in the ministries, ministry of finance, treasuries, debt management offices, Audit, parliament, accounting and financial divisions in line ministries. It is also recommended for staff from multi and bilateral development agencies and civil society organizations.