In our approach to the Personal Money Management Series, Retirement Planning forms a capstone to life cycle financial planning.  Such an approach, built into a human performance enhancement programme over the career of an employee, is expected to be very effective.

For example, a Personal Money Management Series, with the following modules scheduled at specific intervals during the career path of an employee can be considered:

Modules                                           Suggested Intervals

Personal Financial Planning                 Basic Within 2 years of employment

Debt Service Management                  3-5 years after employment

Wealth Accumulation Planning            3-5 years after employment

Financial Security Planning                 5-10 years after employment

Retirement Planning                          All employees over 35 years

While the suggested intervals may be varied, the general rationale is evident.  Because financial planning is lifestyle management expressed in financial terms, retirement planning is in fact the end of a process over one’s working life.  Therefore, timely and appropriate assistance must be received along the way.  In the end, employees may be better able to use and appreciate other staff benefits, already provided by the organisation, resulting in improved employee morale and productivity.

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