NEFE’s Financial Workshop Kits program will be retiring on Sept. 12, 2019. Please download any workshop materials before that date as this website will no longer be available. For more resources and tools to deliver financial education in your community, visit www.NEFE.org

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Retirement Series: Managing Retirement Plan Assets

Retirement Series: Managing Retirement Plan Assets: Informed Retirement Decisions

This workshop primarily is intended for adults who are nearing retirement and are considering how their employer-based retirement plans will contribute to their income in retirement. Some audience members may be uncertain or unaware of how to build up retirement plan assets or roll over retirement plan assets. Decisions they make about how and when to use their retirement plan assets can have a long-term impact on their retirement paycheck.

A shift from defined benefit plans to defined contribution plans has transferred the responsibility of managing retirement plans from employers to individuals who often are not prepared to make these complex decisions. Many individuals make costly and/or inappropriate withdrawals from these plans without considering the implications of these decisions on their retirement future.

This workshop walks participants through the basics of determining how best to build up and manage retirement plan assets, especially leading into retirement. The information presented focuses on guiding participants to review their existing retirement plans and to understand how these assets — as well as the decisions they make about contributing to and withdrawing from the plans — will impact their broader financial situation in retirement. This workshop also directs participants to free, credible resources to answer questions they may have about various retirement plans and how to use them for favorable outcomes in retirement.

The following topics are addressed in the Informed Retirement Decisions: Managing Retirement Plan Assets workshop:

  • Current retirement plan inventory
  • Guidelines for utilizing retirement plan assets prior to and during retirement
  • Strategies to catch up retirement plan contributions

Workshop Materials

You must agree to the terms of the Content License Agreement below to access the materials. Once the materials are downloaded, they may be used as-is or customized to best meet your needs.


The PowerPoint presentation is customizable and can help you facilitate a discussion about retirement decision making for your participants.

Download a facilitator guide that will lead you through your presentation.

The Workshop Packet includes an Action Plan for participants as well as worksheets, handouts, scenarios, activities and other resources referred to throughout the workshop.

Feeling unsure about your presentation? FAQs will help answer your questions about working with your intended audience.

FAQs

Who will be attending the workshop?

This workshop primarily is intended for adults in their 50s and early 60s who are nearing retirement and are considering how their employer-based retirement plans will contribute to their income in retirement. Some audience members may be uncertain or unaware of how to build up retirement plan assets or rollover retirement plan assets. Decisions they make about how and when to use their retirement plan assets can have a long-term impact on their retirement paycheck.

What are the learning outcomes of this workshop?

Participants will use what they learn in this workshop to determine how to use pensions and retirement plans in ways that benefit their financial security in retirement. They will demonstrate achievement of the competency by applying an intentional strategy to manage retirement plan assets for the long term, especially leading into retirement.

Participants will address the following learning objectives as they master the competency:

  • Examine their existing retirement plan state of affairs.
  • Discuss rules of thumb when utilizing retirement plan assets during retirement.
  • Discuss approaches to catch up retirement plan contributions.

How will I know that participants have achieved the target outcomes?

Participants will know that they have achieved the learning outcomes when they have done the following:

  • Inventoried details of existing retirement plan assets.
  • Tallied the total value of all retirement plan assets and estimated any funding gap during retirement.
  • Determined viable options to build and catch up retirement plan contributions prior to retirement.
  • Decided in advance what to do when faced with a rollover decision or severance package payout option.
  • Established criteria for utilizing retirement plan assets working from personalized “test questions” when considering the consequences of drawing any money from retirement plan assets prior to age 59½. (e.g., In my best interest? Boundaries? Triggers? What am I giving up now and later?).

Can I share my own experiences during this workshop?

When it comes to talking about money, sharing your own successes and challenges will make the workshop much more engaging — and valuable — for participants. It makes the points you’re discussing come alive, reassures them that they are not alone in having questions and concerns, and encourages them to share their own experiences, which can be equally valuable to other participants.

Keep in mind that participants may feel self-conscious about their financial situation or some of the choices they’ve made, so include a statement in your opening that these workshops are a judgment-free zone and that there is no single right or wrong answer — it depends on the person’s situation and values. The aim of this workshop is to empower individuals to make decisions that work for them and align with their values and needs, which might not look like everyone else’s.

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