Alabama Cooperative Extension System offering retirement planning course

AUBURN – The Alabama Cooperative Extension System will offer “Retirement Ready?,” a course on retirement planning, Wednesday, Oct. 12, from 9 a.m. to 4 p.m. at the Lee County Extension Office in Opelika, 600 S. 7th St., Suite 4. The course is designed to help participants plan for their financial security, nurture their health and well-being and enhance their engagement with life during their later years.

“Financial security is not the only challenge that retirees face,” said Regional Extension Agent Diana Simpson. “We can’t enjoy our retirement as much without good physical and mental health, and research indicates that people with strong social networks and numerous interests age better,” said Simpson, who holds an MBA and is a Certified Financial Planner.

After the course was piloted in Idaho last year, 94 percent of participants said they would recommend it to others. Overwhelmingly, they reported increased confidence in their ability to prepare for retirement.

The first session, “It’s More than Money,” helps participants explore whether they’re really ready to retire. It presents the ingredients for retiring well, offers tips from successful retirees, and includes discussions of physical and mental health, expected longevity, goal-setting, communication and use of time.

In the second session, “Estimating Your Needs,” speakers address future living expenses and projections of savings needs. Participants learn about Social Security and Medicare, review their balance sheets, prepare a savings estimate and hear about late-saver strategies.

Determining risk tolerance, making investment choices, selecting financial planners and avoiding scams and needlessly expensive financial products are covered in the third session, “Taking the Mystery Out of Investing.”

To pre-register or for more information, contact the Lee County Extension office at (334) 749-3353. The deadline for registration is Friday, Oct. 7. “Retirement Ready” is free and open to the public.

Janet Gilmer, (334) 749-3353 (frandjm@auburn.edu), or
Mike Clardy, (334) 844-9999 (clardch@auburn.edu)