1. The Twilight Zone Love Your Money Jayne McBurney, MS Family & Consumer Sciences Agent http://johnston.ces.ncsu.edu/ 2736 NC Highway 210 Smithfield 989-5380

2. ABC’s of my retirement A - Alaska B - bake C - Carmen Ghia.... X - eXercise Y - YAWN...take naps Z - Zurich

3. Are you ready? Over HALF of middle class Americans are not! 70% of Americans say they will work in retirement 34% say their retirement income will be HALF of what they currently make (fyi...US HH median income is $50K... half of that amount is close to poverty level) Harris Interactive Inc. (2012)

4. How Much Will You Need? 80% of current income, to live as you are living right before retirement 80% of income -Social Security estimate = what you need to save What about the Bucket List?

5. Federal Benefits: Social Security Will it be there? Can start collecting at 62 Medicare...starts at 65 (unless disabled) Full Retirement age is greater than 66. Considerations: time paid in, divorce, health

6. Employer Benefits State/Federal Retirement Programs Roth IRA 401K – take advantage of match!!! 457

7. Penny Wise (about $38.50/wk)

8. Ruby Highlife

9. At age 65 Penny has $545,344 from the $20,000 she invested Ruby has $352,427 from the $62,000 she invested Penny has $192,917 more for retirement.

10. NOT too late If you start investing later in life, it is not too late, you just need to put more in. STOP spending your future money by indebting yourself in current lifestyle DO NOT borrow against your house, your car, your 401K

11. Protect your Assets Things you own that have value… Car, vehicles bank accounts, CDs, stocks Retirement plans, 401K, IRAs Life Insurance cash values, Trust funds Manage Risk – diversify Insure Umbrella Liability Insurance policy that adds additional protection to that provided by your homeowner and automotive policies Get your protection in place!

12. Long Term Health Needs Medicare doesn’t cover everything Long Term Care policies now meshing with Life Insurance policies Living Will Medical Directives

13. Fun & Helpful websites www.bankrate.com www.AARP.org www.SSA.gov Ready.Save.Grow (www.treasurydirect.gov)www.treasurydirect.gov www.choosetosave.org www.mint.com