1. Retirement Planning

2. Writing Prompt Write one paragraph about the kind of lifestyle you would like to have when you retire. Include ideas on how much you think it will cost to maintain this lifestyle. (Do you want to live on the amount of money you have been used to, more than they are used to, or less then they are used to?) Write one paragraph about the kind of lifestyle you would like to have when you retire. Include ideas on how much you think it will cost to maintain this lifestyle. (Do you want to live on the amount of money you have been used to, more than they are used to, or less then they are used to?) Write a second paragraph on where their income will come from after retirement. Write a second paragraph on where their income will come from after retirement.

3. How much money will you need when you retire? Many people stay healthy and active for 20 years or more after they retire. Many people stay healthy and active for 20 years or more after they retire. If you start planning and investing soon enough, you can spend those years enjoying yourself instead of worrying about paying the bills. If you start planning and investing soon enough, you can spend those years enjoying yourself instead of worrying about paying the bills.

4. How much money will you need when you retire? One of the basic sources of retirement income is Social Security. One of the basic sources of retirement income is Social Security. Social Security Benefits Calculator Social Security Benefits CalculatorSocial Security Benefits CalculatorSocial Security Benefits Calculator Approximately $1,100.00 per month Approximately $1,100.00 per month Could you live comfortably on Social Security benefits only? Could you live comfortably on Social Security benefits only?

5. How much money will you need when you retire? How do you react to those you say, How do you react to those you say, “I’ll just live on Social Security.”

6. How much money will you need when you retire? What are the eligibility requirements to receive Social Security? What are the eligibility requirements to receive Social Security? What is the difference between a traditional IRA and a Roth IRA? What is the difference between a traditional IRA and a Roth IRA? What is the difference between a 401(k) and a 403(b). What is the difference between a 401(k) and a 403(b).

7. Other sources of retirement income: Pension plans Pension plans 401(k), 403(b) 401(k), 403(b) Traditional IRA Traditional IRA Roth IRA Roth IRA Social Security Social Security

8. Planning for retirement is your responsibility! Traditional employer-funded retirement plans are disappearing. Traditional employer-funded retirement plans are disappearing. Social Security benefits may not insure a comfortable lifestyle. Social Security benefits may not insure a comfortable lifestyle. Without a retirement plan, you could face a future of financial uncertainties and hardships. Without a retirement plan, you could face a future of financial uncertainties and hardships.

9. Compound Interest Because of compound interest, one could save money if it is left alone to earn the compound interest. Because of compound interest, one could save money if it is left alone to earn the compound interest.

10. Remember the $1 million vs. the Penny!

11. Albert Einstein was so impressed with the principle of compounding that he said…

12. “It is the greatest mathematical discovery of all time.”

13. The key is to START EARLY!

14. Let’s Wrap It All Up and Play Savings & Investment Fly Swatter Game