WCU Biltmore Park Class Dates – 10/27 and 10/29

Are you prepared for one of the biggest transitions in your life?


Tuesday, October 27 and Thursday, October 29


Classes are 4:30-6:00 PM Via Zoom

We hold our current classes on Zoom.  Tuition is $59 per person (or couple).



(Click link above to register for Retirement Planning Today through WCU’s website)


Contact Instructors Here

(Click link above to contact instructors with any questions)


Tuesday, October 27 & Thursday, October 29, 2020
4:30-6 pm
Live, online instruction via Zoom
Registration fee: $59


Night 1: Social Security Planning: What We Know and What We Don’t Know

Tuesday, October 27   4:30 – 6:00 pm

Social Security retirement benefits represent over half of the household income for a majority of retirees today.   Despite the dependence most people have on this critical source of income, there are pressures threatening the future of Social Security.  As of 2018, Social Security is projected have sufficient resources to pay 100% of scheduled benefits until 2034. Beyond that point in time, payroll tax revenues alone, will only be sufficient to cover only about 79% of scheduled benefits initially, and the percentage will decline to 74% by 2092 (based on the current formula).

This widely popular program faces an uncertain future. In 1950, as the baby boom was just beginning, there were 16.5 active workers for each Social Security beneficiary. Currently, there are 2.8 workers per retiree. And it’s projected that by 2035, the ratio will fall to 2.2 workers for each beneficiary. Meanwhile, the number of Americans collecting Social Security benefits is expected to grow from about 62 million today to 88 million by 2035.

It is highly likely that Social Security will undergo some major changes in the coming years, but do we know what these changes will be?

This course will walk through the knowns of Social Security Planning today, and address the critical questions around the future of Social Security when planning for your future.  We will cover:

  • History of Social Security, and this historical legacy impacts the strength of the program today
  • Delayed retirement credits
  • Early filing and Retirement Earnings Test
  • Windfall Elimination Provision
  • Spousal benefits and Divorced Spouse Benefits
  • Survivor Benefits
  • Medicare Benefits
  • Taxation of Social Security
  • Restricted Applications
  • And more

Night 2: After the Last Paycheck: Retirement Income Strategies

Thursday,  October 29, 4:30 – 6:30 PM  

What happens when you retire?  Among many things, there is one common experience: Your financial focus takes a dramatic shift. 

For most Americans, this shift means that instead of striving to accumulate assets, you’ll need to figure out how to withdraw assets in an efficient way for income.  What if you encounter turbulent markets soon after retirement?

The guidelines for managing money are different from what they were when you were working.  This discussion will walk through the 3 core steps in developing an income strategy during retirement.

 We will cover:

  1. Pension
  2. Employment earnings
  3. Personal savings and investments

  1. Investment Fundamentals
  2. Modern Portfolio Theory

  1. The 4% Rule 
  2. Endowment Method
  3. Life-Expectancy Method
  4. Three Tiered Strategy

The choices you make when you retire will play a significant role in how you spend your retirement years. Understanding how your strategy works, can lead to a greater sense of confidence and control over your decision making as you transition into a new chapter of your financial life.

For more information call 828-227-7397 or email jcthompson@wcu.edu

Instructors: Joel Kelley, CFP® and Jacob Sadler, CFP®