1. Forecasting Retirement Income and Expense NDSU Extension Service 2005-06 packaged program Debra Pankow, Ph.D. Family Economics Specialist

2. What is Your Retirement Readiness Rating?

3. Retirement Confidence in America  Confidence  Retirement age  Work after retirement  Income sources  Financial advisers  Personal financial management

4. 2005 Retirement Confidence Survey  Most behind schedule  Estimating retirement needs  Importance of employer match  Social Security

5. Retirement Preparation of North/South Dakota Farm/Ranch Couples

6. Retirement Income  Your government  Your employer  Your personal savings/ investments  Your assets  Additional earnings

7. Ballpark Estimate www.choosetosave.org/ballpark/

8. Retirement Expenses  Housing and location  Activities  Health care  Clothing  Food  Transportation  Work-related expenses  Retirement plan contributions  Senior discounts  Caregiving

9. Retirement Planning Tips  Plan for inflation  Take a practice run  Live within your means  Pay yourself first  Start early  Save and invest wisely  Explore your next career  Mentally prepare  Carefully consider early retirement incentives  Consider the implications of delaying retirement

10. Expense Greater than Income?  Save more money  Increase your income  Increase retirement contributions  Delay retirement  Reduce retirement living expenses  Tap into home equity  Sell existing home  Consider a reverse mortgage

11. FSLL Evaluation