1. If Not Now, When?

2. Open For five seconds please close your eyes and dream about what you would do if you had a million dollars and did not have to work for a living. Can you imagine that scene? So what stops you from getting there? Lottery? Inheritance? Plan C? Mr. Toastmaster, Fellow Toastmasters, and Honored Guests In the next five minutes, I want to talk about Plan C - Retirement Readiness; and share some insights that will make you ask: If not now, when?

3. Context 20 million baby boomers will retire in the next 20 years – that is one million people every year, – 2,880 people every day – 120 people every hour – 2 people every minute (it is actually 1.902588) So you are thinking, when will it be my turn? Are you ready for your turn?

4. Statistics There is at least one article in industry news that addresses the retirement readiness crisis: According to a 2013 Fidelity survey released last week, – 55 (41, 14) are not ready – 45 (12, 33) are ready 41 – less than 65% of goal 14 – 65-80% of goal 12 – 80-95% of goal 33 – more than 95% of goal According to a 2013 LIMRA study – 39% find projections very helpful – 54% somewhat helpful – 7% not helpful at all 38% too hypothetical 31% question accuracy 22% can’t save more According to a 2013 Schwab study – 9 out of 10 relying on themselves for retirement planning – 6 out of 10 say 401(k) is the largest source of retirement income – 55% increased their contributions to the 401(k) plan

5. Why is “Retirement Readiness” on everyone’s minds but no one wants to talk about it? Because it is: – Distant – Complicated – Planning Distant – we are not close to retiring, so why worry now? Complicated – we have no idea where to start. Planning – as with anything, it requires meticulous planning Challenge

6. History Post World War II, three legged stool – Pension – Social Security – Personal Savings What happened? Pension Plans disappearing since 1980’s Social Security in jeopardy So it is up to you and me to save the Personal Savings

7. How much do you really need? There are three schools of thought: – $1 M – 10 times your salary just before retirement – Some other number With three qualifications: – Health – Life style – Other contingencies

8. How do you get there? If I was in your shoes, at this point, I am thinking, ok so you have told us about Context, Statistics, History, Savings Need So what’s next, what do I do, how do I get there?

9. Three things: – See what your company offers. – Check your benefits web site. – Call the 800# on your benefits site. What will you check? Three things: – Are you maximizing your employer match? – Can you increase your contribution rate by 1%? – How have you allocated your investments / contributions? If not now, when? How do I start?

10. Tools http://j.mp/Tool-MarketWatch http://j.mp/Tool-AARP http://j.mp/Tool-TIAA-CREF

11. Research Links http://j.mp/FidelityRPM2013 http://j.mp/PDF-Fid-RPM-2013 http://j.mp/LIMRA-Proj http://j.mp/PDF-LIMRA-Proj http://j.mp/Schwab-2013 http://j.mp/Info-Schwab-2013 http://j.mp/PDF-Schwab-2013 http://j.mp/About-3-Legged-Stool http://j.mp/Wiki-Pension http://j.mp/Wiki-Raiders http://j.mp/Wiki-ERISA http://j.mp/Wiki-EGTRAA http://j.mp/Wiki-PPACA http://j.mp/History-SS