AAII's Guide to Top Web Sites
| Retirement Planning |
| Retirement planning sites focus on helping you determine how much you need to save for retirement and how much you can safely spend during retirement. Most comprehensive personal finance sites include retirement planning tools for individuals who need to determine how much to save; far fewer websites include low-cost calculators for investors who are looking for tools to determine how much they can safely spend during retirement. The list below focuses on the sites with the best retirement tools and commentary. |
 Kiplinger |
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www.kiplinger.com
FREE
Where to Find:
Click on Retirement from the menu just below the logo.
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A unique combination of tools for determining the impact of retirement-related issues. The Medicare Part D Doughnut Hole calculator shows how much prescription drugs will cost out of pocket. The Retiree Tax Map (in the Baby-Boomer Retirement Guide) lists income, sales, property and estate taxes on a state-by-state basis. Kiplinger also regularly publishes new commentary on retirement-related subjects and offers tools similar to those found on other websites such as a required minimum distributions (RMD) calculator.
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| SmartMoney.com |
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www.smartmoney.com
FREE
Where to Find:
Go to Tools, click on Retirement and then select from the list of tools.
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Offers several planning worksheets, including an asset allocation tool for those in retirement, a 401(k) planner for those who have yet to retire, and a bond allocation worksheet. The free Retirement Planning Worksheet allows you to enter personal financial information, including your salary, current and planned savings, expenses during retirement, other income sources (e.g., annuities) and retirement goals; the worksheet determines how much you will need to accumulate by retirement, whether your current savings plan will reach that amount, and how much more you may need to save to meet your goal.
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| Yahoo! Finance |
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finance.yahoo.com
FREE
Where to Find:
Click on Personal Finance, and then click on Retirement.
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Offers articles giving advice on saving for retirement and retirement spending. Many of the articles are from other websites, however. Several retirement-related calculators are available, including ones that estimate Social Security income, project cash flow and future 401(k) balances and determine whether or not it make senses to convert to a Roth IRA.
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