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Introduction
Time is a precious commodity because we only have a limited amount of it available to us during our lifetime.
Today, the average life expectancy in the United States is approximately 80 years.
For most people, the time available to them during their lifetime is spent in the following ways:
¼ is spent preparing to become self-supporting
½ is spent earning money
¼ is spent in retirement
February 15, 2011
Copyright © … REMTECH, inc … All Rights Reserved

2. Objectives • List the 3 phases of life people go through
You should be able to do the following after completing this lesson.
• List the 3 phases of life people go through
• Estimate how much time you will spend in each phase
• Explain what happens in each phase
• List the typical activities for each phase
• Explain the correlation between education and earning power
• Identify problems that may be encountered in each life phase
• Illustrate how today’s decisions will affect your future life
February 15, 2011
Copyright © … REMTECH, inc … All Rights Reserved

3. 2.1.1 – The Developing Phase
In this section, you will learn:
• When the Developing Phase starts and ends
• The correlation between education and earning power
• How education can pay dividends for the rest of your life
You will run the following Interactive Examples and Exercises:
• Developing Phase Example
• Time in School Exercise
February 15, 2011
Copyright © … REMTECH, inc … All Rights Reserved

4. 2.1.2 – The Work Phase
In this section, you will learn:
• How much of your life will be spent in the Work Phase
• How much of the Work Phase is actually spent working
• How people over-estimate the time spent working
You will run the following Interactive Example:
• Work Phase Example
February 15, 2011
Copyright © … REMTECH, inc … All Rights Reserved

5. 2.1.3 – The Retirement Phase
In this section, you will learn:
• How much of your life will be spent in the Retirement Phase
• Why retirement is not guaranteed
• Interesting statistics about retirement today
• Why you will need more retirement income than previous generations
You will run the following Interactive Examples:
• Retirement Phase Example
• Live Additional Years Example
February 15, 2011
Copyright © … REMTECH, inc … All Rights Reserved

6. Discussion Topics • Does everyone experience all three life phases?
You should be able to discuss the following questions after
completing this lesson!
• Does everyone experience all three life phases?
• What is the correlation between education and earning power?
• Why are a significant number of workers unable to retire?
February 15, 2011
Copyright © … REMTECH, inc … All Rights Reserved