Optimizing last few years before retirement

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North Carolina Teachers Chatboard

Optimizing last few years before retirement

by In the home stretch

Apr 3, 2017

I'm closing in on my 30 year mark, and I'm starting to make concrete plans. I recently attended the NC Teachers' pre-retirement seminar, and I'm comfortable that I know what paperwork to file /when to file /use of sick days. I don't need to talk about the legal stuff.

Now I'm thinking about non-obvious things I can do to make this transition smooth. I am not interested in complaining or whining about NC; rather, I'm looking for ideas for things I can do in my remaining three years.

I'm thinking:

- I won't be old enough for Medicare for a decade, and I'm concerned about whether our retirement medical care will cover as much as our current medical care. I'm thinking that in my last months of employment I'll get a new pair of eyeglasses, a dental check-up, a mammogram.

- Does anyone know how often our insurance will pay for custom orthotic inserts? I'm due for a new pair anyway, but IF our insurance will buy a pair every year, it might make sense to...See More

Comment

(4)

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Staying positive I could be wrong on this but I think that as long as your license is current when you retire you get an automatic five year renewal when you retire. You'll want to double check this, of course.

Make sure that you've copied to yourself somewhere else any emails of stuff that matters to you... in case you've written stories, made amazing les...See MoreI could be wrong on this but I think that as long as your license is current when you retire you get an automatic five year renewal when you retire. You'll want to double check this, of course.

Make sure that you've copied to yourself somewhere else any emails of stuff that matters to you... in case you've written stories, made amazing lesson plans, etc. documents, etc. When we retire we lose our emails and have to turn in your badge.

On 4/03/17, In the home stretch wrote: > I'm closing in on my 30 year mark, and I'm starting to make > concrete plans. I recently attended the NC Teachers' > pre-retirement seminar, and I'm comfortable that I know what > paperwork to file /when to file /use of sick days. I don't > need to talk about the legal stuff. > > Now I'm thinking about non-obvious things I can do to make > this transition smooth. I am not interested in complaining > or whining about NC; rather, I'm looking for ideas for > things I can do in my remaining three years. > > I'm thinking: > > - I won't be old enough for Medicare for a decade, and I'm > concerned about whether our retirement medical care will > cover as much as our current medical care. I'm thinking > that in my last months of employment I'll get a new pair of > eyeglasses, a dental check-up, a mammogram. > > - Does anyone know how often our insurance will pay for > custom orthotic inserts? I'm due for a new pair anyway, but > IF our insurance will buy a pair every year, it might make > sense to pick up an extra pair now -- after all, my foot > size isn't changing. > > - I plan to add my husband to my insurance for retirement. > I know I must do this BEFORE retirement. Anything I ought > to know about this? > > - I'm thinking I'll renew my license one more time before I > retire. I have no intention of returning, and my finances > are solid, so I don't anticipate financial need; however, it > would allow me to tutor. > > Anything else y'all can think of that'd be wise to do in the > last few years?

Apr 4, 2017

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alreadyretired I'm on the 80/20 retiree coverage. It's exactly the same as when I taught. Currently, when I hit 65, I'll go oin the state's Medicare Advantage plan.

I don't know about the orthotics.

RE: Adding spouse - it's currently about $683.00 a month. You can add them anytime if they fall under a " qualifying event" - like losin...See More

Apr 6, 2017

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alreadyretired OH YES! Save as many sick days and annual leave as you can! Sick days add to years of service and you'll get a nice check for annual leave you haven't used! Roll that over into a 457 ( tax deferred). The state's Prudential rep can help you with that if you need someone. They came out to the school and helped me enroll. EZ!

Apr 6, 2017

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In the home stretch I doubt the automatic license renewal thing is true (anymore ?). Per a very recent state change, we are now required to pay our own license renewals; thus, I can't believe they'd pay for someone who's about to retire.

Copying emails and lesson plans: Excellent advice, and something I hadn't even considered. I was thinking of putting some...See More

Apr 11, 2017

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