Scarsdale Adult School Catalog Fall/Winter 2024-25
Financial and Retirement Planning
How Money Works Learn more about personal finance. Whether you are just starting out or looking to improve your financial skills, this program will provide information you need to make sound financial decisions. Topics include how to save money for short-term and long-term goals, how to invest your money wisely and avoid the high cost of waiting, the three “Ds” of investing, the Rule of 72, paying off debt and the effects of compounding (both good and bad!), the theory of decreasing responsibility, the power of tax-deferred saving, what is meant by the “time value of money,” important concepts and principles to protect your financial assets, why you need a financial plan, and why you should know your financial independence number. Attendees will have the opportunity to ask questions. JAMES FARNHAM (see bio for “Investing at Retirement”). Monday, September 16 • 6:00pm-8:00pm • Zoom • Course 12833 • $20
Investing at Retirement Learn about investment strategies for
retirement income in order to make the most of your next egg and financial resources. Class will cover retirement income planning, investment fundamentals, tax-advantaged investing, and investment strategies for retirees. Learn to assess and set realistic financial and lifestyle goals, build a diversified portfolio while managing market volatility, maximize returns while minimizing taxes, and construct a well-balanced retirement portfolio that aligns with their financial objectives and risk tolerance. JAMES FARNHAM , MBA, MS, has thirty years of experience in insurance and financial services, traveling widely as a professional speaker and author on those topics. Wednesday, October 23 • 6:00pm-8:00pm • Zoom • Course 12834 • $20
Life After Work: How to Prepare a Good Life in Retirement
How Tax Planning Changes Through Four Stages of Retirement
Whether you plan to stop work all at once, or ease into retirement by working part-time, at some point you will need to arrange for multiple sources of income to replace your paycheck. What do you need to think about as you transition from work life to retired life? Where will your income come from? How can you make it last? Learn why you need a retirement income plan, six questions to ask before you retire, how to determine how much income you will need in retirement, four primary sources of retirement income, four popular withdrawal strategies and the pros and cons of each, how retirement income is taxed, five tax planning strategies in retirement, and a retirement income action plan. PAUL TRAMONTOZZI (see bio for “How Tax Planning Changes Through Four Stages of Retirement”). Thursday, October 17 • 7:00pm-8:30pm • Scarsdale High School • Course 12887 • $20
In retirement, your tax rate may vary widely over the years based on the timing and order in which you use different sources of money to pay for expenses. It is important to apply the tax code in an organized and efficient way. Learn the critical tax questions to answer before retirement, surprises that often make retirement more expensive, four stages of retirement and important tax actions in each stage, and mistakes to avoid when it comes to investments, health care, and estate planning. PAUL TRAMONTOZZI , CFP® began his career in finance on the floor of the American Stock Exchange in 2001 and spent 14 years on Wall Street in various trading roles. He now works as a Certified Financial Planner™ with Stratos Wealth Partners to help his clients ensure their financial well-being. Tramontozzi received a BA in Economics from Binghamton University in 2001. Tuesday, November 12 • 7:00pm-8:30pm • Scarsdale High School • Course 12886 • $20
www.ScarsdaleAdultSchool.org • (914) 723-2325
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