On July 16th, Retirement Expert Begins 3-Part Series at Triton College

  • Dr. Jim Flanagan of Bentron Financial Group is a nationally recognized expert on financial issues impacting older adults. He is an adjunct professor at Triton College, where in July he teaches a three-part series that guides people in or near retirement.Matt Baron

    Dr. Jim Flanagan of Bentron Financial Group is a nationally recognized expert on financial issues impacting older adults. He is an adjunct professor at Triton College, where in July he teaches a three-part series that guides people in or near retirement.Matt Baron

 
 
Updated 6/24/2022 9:12 AM

If your retirement picture isn't coming into focus - or if you are concerned about what you do see - then you are a prime candidate to enroll in an upcoming three-part series from a renowned retirement expert.

Starting on Saturday, July 16th, retirement and finance expert Dr. Jim Flanagan begins the series with "Healthcare in Retirement." The three-hour session begins at 9 a.m. at Triton College in River Grove.

 

A Triton adjunct professor, Flanagan has made the class open to the public, along with two related classes on subsequent Saturdays, July 23 and July 30: "Affording Retirement" and "Financial Management in Retirement."

The fee for each class is $20, along with a $7 registration, with all material provided on the day of the class. To register, call (708) 456-0300, ext. 3500. Each class can be taken independently of the others; students are not required to attend all three.

"It's common for people to feel overwhelmed by all the factors to take into account at this time of their life," said Flanagan. "There's no previous practice in trying to gauge the right time to transition into your golden post-employment phase of life."

Flanagan, founder of Downers Grove-based Bentron Financial Group, will cover the changing landscape of retirement in each of the three classes.

"Healthcare in Retirement," on July 16th will help attendees navigate the complexities of Medicare Parts A & B, Medicare Supplements, Medicare Part D prescription drug coverage, Medicaid and Long-Term Care insurance. Flanagan will ease the intimidation factor of these health-care options by educating students on the basics of each insurance plan.

by signing up you agree to our terms of service
                                                                                                                                                                                                                       
 

Flanagan acknowledged that the details are so numerous that "people can get discouraged quickly" about their prospect of making sense of it all.

"As complicated as all of the options are, as daunting a task as it can be, if you break it into pieces, it becomes very manageable," Flanagan said. "That's what my session will do."

In "Affording Retirement," the following Saturday on July 23, Flanagan will outline the current and likely future changes in retirement and then advise attendees on how to take control of them. Students will emerge with a better knowledge of how to create a comfortable, virtually stress-free retirement experience.

In "Financial Management in Retirement," on July 30, he will address how saving and investing near or during retirement is dramatically different from any other type of financial concern. For example, income, less risk and lower volatility in investments all become necessary components, yet too few people adjust their portfolios to align with these changing needs.

                                                                                                                                                                                                                       
 

Against the backdrop of the Great Recession that struck in 2008 as well as the economic tumult during the pandemic era, it has become more crucial than ever before for retirees to maximize their fixed income, he noted.

The "Financial Management in Retirement" class will provide an in-depth look at various savings vehicles and investment products. Flanagan will teach attendees how to analyze income potential, risk and liquidity of various investment products. He will also advise students on tax favored retirement accounts such as IRA's, 401(k) plans and Roth IRAs.

"I'm giving tools for a new and different retirement than any generation has ever experienced before," Flanagan said. "This type of education hasn't existed in the mainstream before."

For over 30 years, Flanagan has provided financial guidance to people at or near retirement. Over that time, he has become a nationally recognized expert on financial issues impacting older adults and late-life transitions.

Since forming Bentron in 2001, Flanagan has served as chairman of the Oak Park/River Forest Township Senior Services Committee and founded the Celebrating Seniors Coalition, a not-for-profit organization that provides seniors with emergency services and raises public awareness of issues affecting seniors in Oak Park, River Forest and Forest Park.

Flanagan is a member of Illinois FAST (Financial Abuse Strike Team), a multidisciplinary unit of financial, legal, law enforcement and adult service providers that intervenes to safeguard older adults from financial abuse and exploitation.

He is also the author of "Packing for Retirement: A Practical Guide to Prepare for Retirement at Any Age." The book offers a comprehensive overview of the myriad facets of retirement planning. In addition, Flanagan has attained certification as a Master Registered Financial Consultant, a distinction that reflects integrity and transparency in business and is achieved by fewer than one percent of financial professionals.

Flanagan's firm, Bentron Financial Group, is online at www.bentron.com. Celebrating Seniors is online at www.celebratingseniors.net.

0 Comments
                                                                                                                                                                                                                       
 
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.