If you’re getting ready to retire or have already retired, you’ve probably tried to navigate your way through the maze of investing resources on the internet. Like most people, you realize you can’t believe everything you read online. There are investing guides that are great tools for soon-to-be retirees, retirees and seniors. Investing strategies may differ, of course, but the following investing resources and guides from reputable and experienced organizations offer sound solutions and advice.
AARP is a nonprofit membership organization for seniors that is one of the most powerful advocacy lobbying groups in the United States. Formerly called the American Association of Retired Persons, AARP operates seven affiliated organizations that include nonprofit charities as well as for-profit concerns.
Members enjoy a wide range of discounts and benefits, but AARP’s website offers a vast library of retirement, investment and Social Security resources to nonmembers as well. Tools include videos, articles, calculators and up-to-the-minute financial news.
The CNN Money website calls itself the ultimate guide to retirement. The site covers everything from getting started, to investment strategies, IRAs, 401 (k) plans, Social Security, annuities and more.
MyMoney.gov is a Congressionally chartered Federal Financial Literacy and Education Commission production. Made up of more than 20 federal divisions, the website’s mission is to educate, strengthen financial knowledge and increase access to financial services to all Americans. Information about saving and investing, retirement planning, retirement, financial security and more is provided.
The U.S. Securities and Exchange Commission (SEC) website has a wide-ranging section dedicated to seniors, retirees and the soon-to-be-retired. Calculators include ballpark retirement, mutual fund costs and scam meters. Information is provided for variable annuities, CDs, short bonds and promissory notes. Other highlights include fraud and scam alerts, investing videos, forms and documents. The site also offers investor advice and publications, many of which are free.
Social Security Administration
The Social Security Administration website covers information about Social Security and a whole lot more. Retirement age calculators, preparing for retirement advice, benefits planners and a retirement toolkit are a few of the resources provided.
Department of Labor
The Department of Labor’s “Taking the Mystery Out of Retirement Planning” is available online as well as in print. Specifically designed for those about 10 years away from retirement, the publication offers advice about retirement planning, calculating future expenses, tips for dealing with rising costs and inflation, what you can do to increase your retirement savings and a wealth of additional financial planning information.
USA.gov is a clearinghouse of government information and services. Originally debuting in 2000 under the name FirstGov.gov, its name was officially changed to USA.gov in 2007. The USA.gov retirement section explores how to save for retirement, how to figure out a target savings rate and how to decide when and where to retire. It also provides a host of government resources, tips, calculators, Social Security benefits information and investing tools.
The IRS website covers not only how taxes impact your retirement benefits, but also information about planning and saving for retirement. The different types of retirement accounts and plans are outlined to help viewers choose the right retirement plan.