St. George Library Center Money Matters - Retirement Planning

MONEY MATTERS – RETIREMENT PLANNING

Retirement Planning Video:

http://youtube.com/watch?v=v2uWPMcgr1c

Retirement Planning Tips:

1. Start Saving Early

http://moneychimp.com/calculator/compound_interest_calculator.htm

2. Save the Maximum Allowed

http://irs.gov/retirement/participant/article/0,,id=219923,00.html

3. Invest Tax-Deferred

http://calcxml.com/do/inv07

4. Determine Your Net Worth

http://njaes.rutgers.edu/money/pdfs/networthcalcworksheet.pdf

5. Estimate Retirement Living Costs

http://planit.cuna.org/11213/article.php?doc_id=516

6. Evaluate Early Retirement

http://njaes.rutgers.edu/money2000/pressroom/release.asp?id=127

http://www.axa-equitable.com/retirement/early-retirement-offers.html

7. Retire While You Work

http://money.cnn.com/2007/06/20/magazines/fortune/stanleybing/100115991.fortune/index.htm

8. Try a Monte Carlo Calculator

https://www3.troweprice.com/ric/ricweb/public/ric.do

http://flexibleretirementplanner.com/wp/

9. Beware of Retirement Stampedes

http://sj-r.com/top-stories/x1780493435/Quinn-to-employees-Dont-rush-to-retire

http://timesunion.com/local/article/Public-workers-rush-to-avoid-Tier-VI-pension-plan-3445858.php

10. Get Serious in the “Red Zone”

http://retirementredzone.prudential.com/view/page/rrzone

Sources of Retirement Income:

http://socialsecurity.gov/policy/docs/chartbooks/fast_facts/

Salary Reduction Plans:

http://personalfinance.byu.edu/?q=node/910

Defined Benefit Plans:

http://investopedia.com/terms/d/definedbenefitpensionplan.asp#axzz1yeE5vcgS

Vesting Period:

http://osc.state.ny.us/retire/members/vesting.htm

Individual Retirement Accounts:

http://irs.gov/retirement/article/0,,id=111413,00.html

Small Business Retirement Accounts:

http://irs.gov/publications/p560/ch02.html

Retirement Withdrawal:

http://moneysmartsblog.com/4-percent-withdrawal-rule-for-retirement/

Required Minimum Distribution (RMD) Rules:

http://njaes.rutgers.edu/money/ira-table.asp