Pensions and Retirement Training Course on Retirement Calculators and Tools

Module 1: Introduction to Retirement Calculators and Tools
Overview of retirement planning tools: purposes, features, and limitations
Types of calculators: income, savings, annuities, phased withdrawals, and risk analysis
Principles of retirement modeling: assumptions, inputs, and outputs
Case study: using calculators to model retirement readiness
Workshop: evaluating different retirement calculators

Module 2: Calculating Retirement Income and Expenses
Estimating retirement income from pensions, savings, and investments
Modeling retirement expenses, lifestyle costs, healthcare, and long-term care
Incorporating inflation, taxes, and other deductions into projections
Scenario planning: early vs. late retirement and changing income needs
Exercise: building a comprehensive income and expense projection

Module 3: Risk Analysis and Scenario Modeling
Integrating longevity, inflation, market, and health risks into retirement models
Stress-testing retirement plans under adverse scenarios
Sensitivity analysis: identifying key drivers of retirement outcomes
Using scenario modeling to guide decision-making for members or clients
Workshop: applying risk-adjusted retirement projections

Module 4: Advanced Tools for Retirement Planning
Software and digital platforms for retirement projections and member communication
Investment modeling, drawdown strategies, and annuity planning tools
Dashboards, KPIs, and visual analytics for retirement plan monitoring
Combining multiple tools for comprehensive retirement planning
Case study: designing a tailored retirement strategy using advanced tools

Module 5: Communication, Implementation, and Member Guidance
Presenting retirement projections clearly and effectively to members or clients
Guiding members through tool results to improve financial decisions
Legal, regulatory, and fiduciary considerations in tool usage
Best practices for updating models and assumptions over time
Capstone project: creating a complete retirement plan using calculators and tools
Discussion: emerging technologies and innovations in retirement planning software