About this Event
Overview:
This workshop provided participants with essential insights into four critical areas of financial planning: life insurance, estate planning, college funding, and retirement strategies. Led by financial experts, the session aimed to equip attendees with the knowledge needed to make informed decisions about their financial futures.
Key Topics Covered:
Life Insurance:
Importance of life insurance in financial planning.
Types of life insurance (term vs. whole life).
How to assess personal needs for coverage.
Tips for selecting the right policy and provider.
Estate Planning:
Understanding wills and trusts.
The role of executors and power of attorney.
Strategies for minimizing taxes and avoiding probate.
Importance of updating estate plans regularly.
College Funding:
Overview of college savings options (529 plans, Coverdell accounts).
The impact of financial aid on savings.
Best practices for saving early and effectively.
Strategies for managing education costs without incurring debt.
Retirement Planning:
Importance of early retirement planning and compound interest.
Overview of retirement accounts (401(k), IRA, Roth IRA).
Strategies for calculating retirement needs and goals.
Adjusting investment strategies as retirement approaches.
Interactive Sessions:
Q&A segments allowed participants to ask specific questions relevant to their situations.
Group discussions facilitated sharing of personal experiences and strategies.
Conclusion:
Attendees left with a clearer understanding of how to integrate these four areas into a cohesive financial plan. Resources, including worksheets and checklists, were provided to assist participants in implementing the concepts discussed.
Next Steps:
Participants were encouraged to schedule one-on-one consultations with financial advisors for personalized advice.
Follow-up workshops will be scheduled to delve deeper into each topic.
Feedback:
Attendees were invited to provide feedback on the workshop to improve future sessions and tailor content to their needs.
Feel free to modify any sections based on your specific workshop details!
Event Venue & Nearby Stays
803 Baker Ave, 803 Baker Avenue, Jacksonville, United States
USD 0.00
