Well, it looks like uh we might get a few more people joining us, but we're gonna go ahead and get started.

Um good morning, everyone.

Good morning.

Great.

I'm good now.

Okay.

Phone's ringing.

My name is Christian Bryant.

I am your local representative with Nationwide.

And uh nationwide is somebody got it.

Here we go.

Okay, uh, this time together today, I know you all have had the last few days going over a lot of information as it relates to retirement readiness and open enrollment and all of that great stuff.

I certainly want to spend this time highlighting and talking about this part.

Retirement readiness.

Uh, what does this mean?

What does this look like?

Especially as it relates to, or specifically as it relates to the 457B plan.

Uh raise your hand in this room if you are enrolled in a plan.

Want to know who I'm talking to.

That is everybody, almost everybody.

Great.

So this information then is definitely for you.

Alright.

So when it comes to retirement, that is a valid question.

What is your plan?

What is it that you are trying to accomplish?

What's the goal?

A lot of times you'll hear things like, well, people will say, um, I need a million dollars to retire.

My goal is to have X, Y, and Z.

Now, that sounds good, but where did you get this information?

How do you know that a million four or 1.5 is in fact what you need to retire?

What I tell people all the time, this is not necessarily a money or dollar amount driver.

What's important is that you need to have a plan.

That's what matters.

When you have a plan, you can approach retirement with confidence and with the peace of mind that allows you to prepare for what's next.

So, what is planning look like?

We begin our time together today with this powerful question.

Will you have enough money to last through retirement?

Notice the question doesn't say will you have money?

Notice the question does not say will you retire?

Enough money is in fact highlighted, and then it says to last through a retirement.

If you're a thinking person like me, you already have identified, wait a minute.

Retirement looks and sounds like a space.

It sounds like a time period that I'm gonna be in, and rightfully so.

Many of us, we plan for retirement and we see that happening somewhere in our 60s.

Well, when it comes to retirement, there's always I tell clients and plant participants, three ages that people target and for specific reasons.

Age 62, age 65, and age 67.

And each of these ages have a specific benchmark to them.

For example, age 62.

That is the first year you are eligible to start uh taking social security.

And that applies to some folks because there may be a health issue or a condition that you cannot afford to wait until 867.

But you need to know that when you begin taking Social Security, the benefits are reduced because you're starting five years.

Age 65, why is that number important?

Well, Medicare kicks in.

And for a lot of us, as we plan for retirement, what is the goal for the money?

If income is the outcome, then we do not want our retirement savings to be derailed by health care cost.

So then we plan to get to 65 because we know Medicare takes over, and then we can now use the money in what we saved it for.

A lot of times people don't realize that when we talk about retirement readiness, here's a unique thing to this space, right?

We'll start with order here.

There are three major costs to retirement.