Sensible-Investor: Good retirement planning sites
Best retirement planner
Top-ranked Financial
Engines site will analyze your retirement portfolio for
fee. In addition, for paid members, it will make specific,
educated recommendations about what’s best for you among
the options in your 401(k) plan. |
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The SmartMoney
retirement site isn't perfect, but it
has many handy tools. For example:
- Retirement Worksheets
- Asset Allocation Suggestions
- Roth IRAs: To Convert or Not
- Which IRA Is Best?
The 401(k)
section is particularly useful, with advice on these topics:
- Answers to Your 401(k)
Questions
- 5 Things You Should Know About Your
401(k)
- 7 Ways to Lobby for a Better
401(k)
- Tapping Your 401(k) Before You
Retire
- So, You've Maxed Out, Now What?
- Rolling Over Retirement
Accounts
- Your Other Tax-Advantaged
Options
- How to Handle a Lump-Sum
Distribution
- How Much Salary Is Your 401(k)
Worth?
- Grade Your 401(k)
Avoid the
self-contradictory section on the "Best and Worst Mutual Funds for 401(k) Plans,"
unless you want to refer to it as an example of how it's a bad idea to try to forecast
the future by picking a promising, actively managed fund. Like trying to pick next
year's winning stock, fund-picking is often a loser's game.
The "Plan for Every Stage" retirement
pages of Money magazine’s
Web site contain useful advice for people who are:
* In
the 20s to 30s
* In
the 40s to 50s
* 55
to 65
* 66
and beyond
Money has
good advice for this new era of increasing longevity: "Even in retirement, you
still need to have some of your money invested in equities, to keep it growing and to
protect against inflation. After all, if you're in your sixties, you could be drawing on
those funds for up to 40 years."
Each page
provides links to worthwhile personal finance sites, tips, a short to-do list, a
suggested asset allocations for each age category, and some specific mutual funds to
consider investing in. |
