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. This version is a PDF file that includes notes and additional detail not included in the PowerPoint version.

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
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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)
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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)
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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
66 years and 6 months is the current full retirement age.
Sign up for Part B when first eligible or you may pay late enrollment penalty fee. Cost of
Part B in 2019 varies by income. See the tables at https://www.cms.gov/newsroom/fact-
sheets/2019-medicare-parts-b-premiums-and-deductibles.
Apply at least 4 months ahead of when you want to begin drawing benefits.
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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
Plan for retirement and consider the tax impact!
KPERS retirement benefits not taxable on Kansas return, but are on your Federal
Income Tax return
Retire to another state? KPERS payments may be taxable on both State and Federal
returns
Social Security payments, regardless of filing status are not taxable, with a Federal
adjusted gross income (AGI) of $75K or less.
Required minimum distribution (RMD) from TIAA or other 403B or 401K is taxable
on both State and Federal returns
First RMD required by April of year after you turn 70 ½
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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?
Go to Medicare.gov to sign up for Medicare, select health insurance and drug plans, and for
all information related to Medicare.
The publication Medicare and You can also be downloaded at Medicare.gov
SHICK—Senior Health Insurance Counseling for Kansas (it is free), kdads.ks.gov, call 800-
860-5260 to schedule an appointment.
A Johnson County Kansas contact: Shawn Gifford, Social Security Office in Lenexa, call 877-
898-4705 ext. 28310 to schedule an appointment.
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7. It is important to
synchronize the
start of your
Medicare coverage
with the start of
your social
security payments.
(Lin Knudson)
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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)
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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)
Here's the link to the JCCC Retirees Association information page with a link to Join: Go to
http://www.jccc.edu/foundation/community/jccra.html and select the "Join the JCCCRA“
tab.
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10. JCCCRA Wine Special Interest Group (SIG)
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11. One day trips by JCCCRA.
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12. Crafts SIG
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13. JCCCRA December wine and cheese reception after General Meeting.
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14. JCCCRA December wine and cheese reception after General Meeting.
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15. JCCCRA Cinzetti’s luncheon meeting.
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16. Crafts SIG
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17. Technology SIG
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18. Use retirement as a
time to rediscover
and reinvent
yourself.
(Phil Wegman)
Check out the Osher Institute (lifelong learning institute) at http://kupce.ku.edu/osher-
home
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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
Possible volunteer opportunities:
KU Med’s Alzheimer’s Disease Center http://www.kualzheimer.org/
Operation Breakthrough https://operationbreakthrough.org/
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20. Develop a plan to
stay active
physically and
socially. There
are dangers in
the physical and
mental sedentary
lifestyle.
(Phil Wegman)
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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)
Road Scholar is the organization that sponsors grandparents/grandchildren trips as well as
other trips. Their web site is www.roadscholar.org (phone: 877-426-8056).
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22. Be aware of the
phases of
retirement:
Vacation Time,
Loss and Lost, Trial
and Error, and
Reinvent and
Repurpose.
(Jonathan Bacon)
The Excitement of Phase 1
• Sense of relief, excitement, and accomplishment, completed your work career…and got
out alive!
• No set routine, freedom from schedules!
• Making travel plans
• Plan a “trophy” purchase: sports car, vacation home, new golf clubs, new fishing rod
• More time with your spouse or partner
• More time puttering around at home or doing nothing!
The Losses of Phase 2
• Loss of structure. You miss the old routine
• Loss of identity. You’re no longer recognized as a great staff member, administrator, or
professor
• Loss of relationships. No longer part of a team, and you miss the friendships. JCCCRA is a
solution!
• Loss of purpose. Nothing to look forward to
• Loss of power. No longer the team leader, supervisor, problem-solver; just another
person on the street
• Spending too much time with spouse/partner
• You’re bored, tired, nothing exciting to do
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23. The Reevaluation of Phase 3
• Start asking, “How can I still contribute?” “What’s the meaning of my life now?”
• Actively explore options that will allow you to make contributions and to feel good about
your efforts
• Commit to an experiment; a venture, project, new career (part-time job), volunteer effort,
political or social cause
• If the effort fails, back to the drawing board; re-consider your skills, strengths and
interests and try again
What Phase 4 Looks Like
You have:
• Combined your strengths, passions, and your desire to make a difference to identify a new
life venture; new career, volunteer work, support for a cause
• Taken action to put your plans and dreams in motion to create:
• a new structure for your life
• a new identity, connected to your passion
• new relationships
• renewed purpose
• a sense of enhanced power to make good things happen for you and for others
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24. Q&A Time?
This presentation is available online
at www.slideshare.net/jbacon
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25. 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
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