Teacher preparation plays a critical role in ensuring that teachers are prepared to lead and impact student learning from the first day they are responsible for student learning. The best way to ensure that every teacher is "profession-ready" from their first day as a teacher-of-record is for preparation programs to incorporate teacher residencies that go beyond what most consider the capstone student teaching experience. To examine this issue in depth and explore the Association's potential role in supporting, developing, and implementing teacher residencies, the National Education Association (NEA) convened a task force made up of teachers, local Association leaders, state Association leaders and staff, the NEA Student Program Chair, and the NEA Center for Great Public Schools Teacher Quality staff to delve into the concept of teacher residencies by addressing these guiding questions: (1) What is a teacher residency? (2) How might residencies work for all teacher candidates? (3) How would preparation programs change if residencies were required before teachers were assigned their own classrooms? (3) How would a residency program for a bachelor's degree student differ from one for a master's degree student? (5) What role might current teachers play in a residency program? (6) What should the role of the NEA and its local and state affiliates be in a residency? This report uses the work of this task force to make recommendations on how best to develop high-quality residency programs that promote more comprehensive preparation systems through the active engagement of stakeholders.