Alaska Gov. Sarah Palin has stepped down and handed over the governor's office to Lt. Gov. Sean Parnell on Sunday afternoon at a picnic in Fairbanks Park. About her future plans, there are a few things are known as followings:

Her first order of business as a private citizen is to speak on August 8 at the Ronald Reagan Presidential Library in California.

She said she plans to write a book and also wants to campaign for political candidates from coast to coast. She will continue to speak her mind on the social networking website Twitter.

Friends have speculated that Palin may host a radio or TV show, launch a lucrative speaking career or seek higher office in Washington.

While she hasn't ruled out any of those options, and her political action committee, SarahPAC, has raised more than $1 million, said Meghan Stapleton, a spokeswoman for the committee and the Palin family.

Stapleton said Palin is still deciding what her future will be and she refused to address speculation she would seek a 2012 presidential bid.

“We’ll play it by ear,” said her husband Todd Palin in a brief interview with the Associated Press. “We’ll take a little breather and go from there,” Todd said.