Joel Eskelsen, CAA, of Tennessee Martin E. Ryan, CMAA, of Maine December 17, 2010 Orlando Florida

What are you doing today? “In two days tomorrow with be yesterday, so make the best of today”

Work experience complete Incomplete items on your agenda Assessed your readiness Work related items in place Thought about it, thought about it Spouse ready? Dinner meal-new experience New duties around the house now that you are available

What will you do with your time? Travel Do what you want to do Develop some organizational plans When to be ready for the day Prepare for spouse (if working) Learn how to do some new things (around the home) “Honey Do List” Relax Change of pace Acknowledge impact on your personal health (physical exam) Active Hobby (Golf, Fish, Coach, PT Job, New work environment)

Be sure to involve your spouse in all discussions Can you make it? Become an expert in your state retirement program Retirement Benefits Selection of benefit plan Options for payment Decision regarding life insurance Does Social Security enter the picture Investment Plans When will you tap your Tax Shelter or 401K Become conservative as your work time concludes Reduce your every-day costs as time nears Health Insurance Costs for health, dental and eye care Medicare/Medicaid and Supplemental Insurance

Chapter not complete Develop new associates and nuture old acquaintances Significant loss of association with other people every day Time does pass quickly even though you feel you have plenty of time Check calendar for meetings as easy to miss Do the things you want to do, not need to do Stop and smell the roses

This fish was taken on one of our “Blue Ribbon” rivers in Maine called the Rapid River this summer on a trip with my son. 19” Brookie, 3.5 lbs

>When people call at either 9:00am or pm they ask, “Did I wake you?” >No matter how bad the economy gets, you are always rich at the Dollar Store. >Your investment in health insurance will finally start paying off. >When the fishing gets bad, you can always golf. >Your eyes and hearing won’t get much worse. Lastly, >You can quit holding your stomach in no matter who walks into the room.

>Prepare yourself to have a lot of time on your hands that will go by quickly. >In fact, you will spend a lot of your time trying to figure out what you want to do with your time. >Avoid news channels, they are addictive!!! There are too many to keep up with CNN, FOX, MSNBC, CNBC, and on and on. >Boredom/Depression – They go hand in hand

Considerations: >Family >Interests/Hobbies >Friends >Work Opportunities >Climate >Finances

(WAR) – especially if spouse is still employed >Consulting >Retail >Car Dealerships/Transport >Volunteering/Community Service >Substitute teaching/Activity Bus Driver

>Do not stay in bed while spouse gets ready for work. You can always go back once they leave. >Do not forget to ask how their day went once they get home. Act like you care. >Do not forget to tell them how important their job is to society. Even if it’s not – make them feel important. >Do not ever ask them what they are cooking for dinner!!!! >Do not tell them how much fun you had during the day until they ask!!!! They just may not want to know what you did! >Do not act tired no matter what. Let them pick the time to call it a day. After all, you can refer back to number one.

GAZILLION OR $1,425, You have all seen these TV Commercials!!! How much do you need to retire? How do I get there from here? *You don’t need all of it the day you retire *Know your state’s Teacher Retirement System

In Wyoming: First 15 years: 2.125% of your highest three consecutive years’ wages 2.25% for the any years over the first 15 Scenario: Retire at age 60 (everyone wants to retire early) 3 year average wage of $75,000(conservative for you easterners) 30 years in Wyoming First 15 years>>>> X == % Second 15 years>> x 2.25 === % $75,000. X = $49,220.00/year From age 60 – 80, earnings will be $984, Social Security earnings from age 62 – 80 will $432, Combined total of two sources of income at age 80 = $1,416, Hopefully your spouse would help make up the $9, your short of your goal. No spouse???? You won’t need that much

Joel Eskelsen, 150 Lake View Drive, Unicoi TN, Martin E. Ryan, POB 676, Wells ME