Retirement Planning at My Money.GOV Explains Real Estate Investing.
Ideally, retirement planning would begin at birth. In reality, a large percentage of Americans do not begin planning for retirement until they are in their mid 40s or 50s. Some never prepare for their golden years and are forced to live off a nominal fixed income provided by the government.
Retirement planning can be somewhat confusing, but there are numerous places to obtain solid information. Many employers offer retirement planning benefits to employees. This might include retirement education classes hosted by the company's benefit providers or individual counseling through the human resources department.
Banks are an excellent source for obtaining retirement planning information. Most banks offer free consultations to explain packages and investment opportunities available to their customers. With today's technology, many banks publish retirement planning information directly on their website.
The Social Security Administration is another good source for locating retirement planning information. SSA's website offers a variety of tools and financial planning forms. Calculators help you determine what benefits you will be eligible for upon retirement. An entire section is dedicated to explaining how each type of investment can affect your social security benefits.
MyMoney.gov is a website operated by the U.S. Financial Literacy and Education Committee. This unique website provides a wealth of information to ensure you obtain financial security in later life. MyMoney.gov currently offers a free "My Money" toolkit which includes a Consumer Action handbook and numerous financial planning tools. The site is also packed with an abundance of retirement planning information.
The American Association of Retired Persons (AARP) is one of the most trusted sources for retirement planning advice. AARP.org offers a variety of money management tools, financial calculators, retirement planning worksheets and numerous articles on investing and saving for retirement.
Last, but not least, investment companies are an excellent source for obtaining retirement planning advice. Investment companies are able to assist their clients in creating diversified financial portfolios and solid retirement plans.
Planning for retirement might include investing in stocks and bonds, mutual funds, annuities, real estate investment trusts (REIT), individual retirement accounts (IRAs) and more. Understanding all options available can help you make the best financial decisions for your future.
Retirement planning doesn't have to be overwhelming. By taking time to conduct research and becoming educated about the process, you will discover there are many opportunities which allow your money to grow. By making educated retirement planning decisions now, you can sit back and relax during your golden years.
Published on September 17, 2008 at 03:33 AM