A talk I gave at a Retirement Preparation program of The OneCORE Success Center. Preparing for long term lifestyle sustainability is not only our obligation to ourselves but also to our children and their families.

1. Preparing for
Retirement
By Guita T. Gopalan

2. The Golden Years
What kind of life style do you want?
Where do you want to live?
What will you enjoy doing?
Where will you spend your relaxation
time?
Who will surround you?
www.guitagopalan.com
Guita Gopalan
@guitagopalan

3. Best Years?
Worst Years?
www.guitagopalan.com
Guita Gopalan
@guitagopalan

4. 9 Retirement Myths
1.
2.
3.
4.
5.
6.
7.
8.
9.
I probably won’t live until 100.
My kids will help me.
Freedom to relax.
Pension ≠ Current Income
Phpxxxxxxxxx is enough.
You can live on interest.
Biggest expense is health care.
May pera na akong pangnegosyo.
Nothing will change.
www.guitagopalan.com
Guita Gopalan
@guitagopalan

5. Preparing for Retirement
The Golden Years
The Unexpected
www.guitagopalan.com
Guita Gopalan
@guitagopalan

6. Monthly Income
Adjusted for Inflation
www.guitagopalan.com
Guita Gopalan
@guitagopalan

7. Inflation
Survival not Luxury.
Inflation is compounded.
You are losing money and you don’t
even know it.
Average inflation past 3 years is
3.7%%
www.guitagopalan.com
Guita Gopalan
@guitagopalan

8. How will you finance your
lifestyle?
Active Income (Full
Time)
Active Income (Part
Time)
Pension
www.guitagopalan.com
Guita Gopalan
@guitagopalan

9. To Do:
Identify your regular (needs)
expenses.
Identify your lifestyle (wants)
expenses.
Identify and establish at least three
independent income sources.
www.guitagopalan.com
Guita Gopalan
@guitagopalan

10. The Unexpected
Calamities & natural disasters
Getting sick, really sick.
Living till 100.
Children can’t take care of you
Relationships breaking down.
www.guitagopalan.com
Guita Gopalan
@guitagopalan

11. Protection Basket
Emergency Funds equal to 6
months of needs.
Medical Care and Hospital Plan
HMO Plans
Insurance
PhilHealth
www.guitagopalan.com
Guita Gopalan
@guitagopalan

12. Long Term Care
What if you do live to be 100?
Physical Assistance
Medical Assistance
www.guitagopalan.com
Guita Gopalan
@guitagopalan

13. The Final Bow Plans
Will & Testament
Medical History and Care
Advocate: Power of Attorney
Advocate: Medical Power of Attorney
Memorial Plans
www.guitagopalan.com
Guita Gopalan
@guitagopalan

14. “We can never control the
winds……
But we can certainly learn
to adjust our sails.”
www.guitagopalan.com
Guita Gopalan
@guitagopalan

15. THANK YOU
w w w. g u i t a g o p a l a n . c o m
GuitaTGopalan
@guitagopalan
Guita Gopalan
admin@guitagopalan.com