Starting next week, TEAM will be holding two webinars on topics relating to personal financial and retirement planning, presented by Darryl Robinson. The webinars are open to all TEAM members to attend.
The first webinar is a two-part series designed to assist members with EVRTIP planning. It will run on February 17th and 18th (“Session A”) and will be repeated the following week on February 22nd and 23rd (“Session B”) You may attend either Part 1 or Part 2 or both (for optimum benefit, it is recommended that you attend both parts).
The second webinar, Pension or Lump Sum? (“Session C”) is a 2-hour session that takes a closer look at pension options for members in the defined benefit (DB) plan.
Here is a brief summary of the topics covered:
EVRTIP Part 1: Planning and Preparation (3 hrs)
- Review and assessment of your current situation
- “How much is enough?”
- Understanding your retirement income sources
- General tax planning and strategies
- RRSPs – Basics and Tips
EVRTIP Part 2: Implementation and Strategies (3 hrs)
- RRSPs – Retiring Allowances and EVRTIP Planning
- Retirement income planning: RRIFs, TFSAs, Annuities and other sources
- Commuted value vs monthly pension overview
- General pension pointers
- Dealing with the investment community: Basics and Consumer Tips
Additional Planning Session: Pension or Lump Sum? (2 hrs)
When your employment with the company ends, you’ll need to make a decision about your defined benefit pension plan entitlement. This session will review the options on termination and retirement, the risk factors and opportunities of each choice, and the ongoing decisions you will need to make following each decision path.
- Should you take the pension or the lump sum option?
- What are your transfer options?
- What are the key considerations and how does this decision fit into your overall retirement plan?
To participate, you will need a network attached device with a web browser and speakers or headphones. The platform being used for the webinars is Microsoft Teams.
If you wish to attend any of the sessions, please click the respective links below to express your interest. Please note that depending on interest/the number of attendees, sessions may be moved or cancelled to facilitate an effective session. We will notify attendees should this occur.
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| Session B | |
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| Session C | |
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Additional session for those considering their pension options. |
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Important Note: TEAM is sponsoring the financial planning seminars to assist members in gaining a better understanding of the financial choices they face when planning for their retirement. The information is being shared for education purposes only, and must not be considered as investment advice. TEAM strongly recommends that members seek independent professional assistant, such as from a fee-for-service Certified Financial Planner, prior to making any significant financial moves, and in particular, where they are contemplating “cashing-out” their defined benefit pension.
TEAM-IFPTE Local 161
204-984-9470 or 1-877-984-9470
www.teamunion.mb.ca
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