Date(s) - Tuesday, October 6, 2020 - Wednesday, December 2, 2020
6:00 pm - 7:00 pm
Categories No Categories
Join us for this 5 part online series held on September 22, October 6 & 20th, November 17th, and December 1st at 6 PM.
Trying to gain a financial foothold during these uncertain times can feel next to impossible. Council Member, Jason Ocoma of Karr Barth / Equitable Advisors and Paul Markowich, Executive VP of Firstrust Financial Resources will help put your financial goals within reach.
This virtual five week series will cover the following:
Session 1 – Smart Money Moves
Let’s talk about 10 ways to set yourself up for financial success! From knowing your paycheck to understanding debt to where and how to save for your future, we’ll be discussing good financial habits and foundations for a solid financial plan. While these topics are relevant to all, we’ll be discussing items of particular importance to the LGBTQ community.
Session 2 – What’s going on with the markets and the economy?
We’ll be discussing the current market and economic environment and COVID’s impact.
Sessions 3-5 – Your Money Plan
Let’s talk about preparing for Retirement! At some point, everyone wants to work because they CHOOSE to, not because they HAVE to. We’ll be discussing all of the major topics involved in planning for retirement and focusing on items of particular focus for the LGBTQ community.
Session 3 – Your Retirement Goals
For retirement planning we have to start with understanding where are we heading and what is your goal for retirement. We will discuss defining what will retirement look like, where will you live, who will you live with/near and ultimately what will this lifestyle cost.
Session 4 – Retirement Accumulation & Distribution
For retirement planning there is a shift from accumulation to distribution. Growing assets versus living off your assets. This is a very different concept and one that is most important to make sure you never outlive your assets. We review the various income sources and show the participants how to develop an income plan.
Session 5 – Bullet Proofing Your Plan
This means being aware of the risks and opportunities that life will present post retirement and making sure the retirement plan is what we call “bullet proof”. Here we review company benefits to make sure nothing is missed. We discuss retirement medical (Medicare), long term care planning and estate planning. These considerations may have some considerable impact on the LGBTQ community depending on our particular situation and family dynamics.