The JCCC Retirees Association (JCCCRA) presented "The Naked Truth About Retirement" as part of the January 2019 Professional Development Days at Johnson County Community College. In the session, retirees share their experiences as they navigated the transition from employment to the world of retirement - what they've learned, what worked and what they'd do differently. The session includes important advice about pre-retirement planning as well as advice for your early retirement years.

1. “What you need to know
about Retirement”
presented by members
of the JCCC Retirees
Association
Welcome by
Alan Swarts, JCCCRA President
The Naked Truth about Retirement

2. Though approaching
retirement is an
exciting time, it's
important to retire to
something (travel,
volunteering, a
second career), not
just retire from your
current employment.
(Alan Swarts)

3. In preparing for
retirement from JCCC,
be sure you contact
Human Resources
and discuss how
remaining sick days
and vacation days will
be compensated or
lost. It's important to
have
an understanding of
how current policies
affect your
accrued days off.
(Bernie Freeman)

4. Don’t just wonder if you
have sufficient financial
resources to retire; use
the KPERS Benefit
Calculator (KPERS.org)*
and the Social Security
Quick Calculator
(https://www.ssa.gov/O
ACT/quickcalc/) to get
estimates of your
retirement income.
(Jonathan Bacon)
Also check out retirement calculators such as
https://smartasset.com/retirement/retirement-calculator
*See Calculators on top menu bar and
select KPERS 1, 2 or 3

5. And don’t forget about RMDs,
IRAs and final year investments!
(Jonathan Bacon)
• Required Mandatory
Distributions begin the
year you turn 70 ½
• Required of traditional
IRAs (not Roth), 401K
and 403B retirement
plans
• If you’re between 60-70
consider Roth rather
than additional 401K or
403B contributions…but
you lose tax exemption
of distributions

6. Start early and
research your
options under
Medicare. It’s
complicated and
requires your
careful attention.
(Lin Knudson)
Part A, Part
B, Part C,
Part D?

7. It is important to
synchronize the
start of your
Medicare coverage
with the start of
your social
security payments.
(Lin Knudson)

8. Start slow (the first
month) but try lots
of activities the
first year. It'll help
you determine
what interests
you'd like to
pursue in
retirement.
(Anita Tebbe)

9. Join JCCCRA; participate in one of the
Association’s Special Interest Groups or
dedicate time to that neglected hobby
you’ve always wanted to pursue.
(Lori Vogelsberg and Lois Hardenbrook)

18. Use retirement as a
time to rediscover
and reinvent
yourself.
(Phil Wegman)

19. Actively explore
options that will
allow you to make
contributions (like
volunteering) and
to feel good about
your efforts.
(Debbie Hassur)
Or checkout http://www.jccc.edu/community-
resources/volunteer.html for volunteer opportunities

20. Develop a plan to
stay active
physically and
socially. There
are dangers in
the physical and
mental sedentary
lifestyle.
(Phil Wegman)

21. Continue your
educational/intellect
ual development.
Audit or enroll in a
class for credit. Enroll
or teach a continuing
education course.
Keep learning and
growing.
(Anita Tebbe)

22. Be aware of the
phases of
retirement:
Vacation Time,
Loss and Lost, Trial
and Error, and
Reinvent and
Repurpose.
(Jonathan Bacon)

23. Q&A Time?
This presentation is available online
at www.slideshare.net/jbacon

24. Sources
• Motley Fool - https://goo.gl/Bypfa8
• The Four Phases of Retirement: What to Expect
When You're Retiring by Riley Moynes. Coach
Press. Kindle Edition.
• KPERS Benefit Calculator at www.Kpers.org
• Social Security Quick Calculator at
www.ssa.gov/OACT/quickcalc
• FAQ Kansas Taxes - https://goo.gl/u13tpT
This presentation available online at
www.slideshare.net/jbacon