Q:

Where can you find info to help with retirement planning?

A:

Quick Answer

AARP, formerly known as the American Association for Retired Persons, provides detailed information about retirement planning on its website, AARP.org. The organization also publishes a magazine aimed at workers and retirees aged 50 years and older that contains articles on financial planning.

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Full Answer

CNN Money also publishes articles about retirement planning on its website, including information about 401(k) plans, individual retirement plans, saving strategies and social security. The site also hosts a retirement calculator that allows readers to input information about their age, income, savings and projected retirement year to help them determine whether they will be able to afford to retire by their goal date.

The Social Security Administration is another helpful resource for retirement planning. The SSA's website features a retirement planner that allows prospective retirees to calculate life expectancy, estimate retirement benefits based on projected earnings and determine which government programs might provide assistance during their retirement years.

The Internal Revenue Service provides information about many different types of retirement plans and their tax consequences at IRS.gov. The site details rules about allowable contribution limits to retirement plans and explains the financial penalties for early withdrawal. It also explains how to roll over a retirement plan to avoid taxation until the funds are withdrawn.

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