Money in the Middle

Sandwich Generation Talking About Money Up, Down and Across Generations

Favorite Retirement Planning Resources

with one comment

Consumer Reports just listed their five favorite retirement planning sites.  I’d say they are more sites to help support building a retirement plan.  They can also be very helpful if you’re in the midst of a crash course trying to understand Social Security and Medicare to help an older adult.  Here are the five sites CR recommends: The Social Security site gives you information on social Security payments, plus estimator so you can see how much you’ll be eligible for.  You can even sign up online for benefits as you approach eligibility age — 62 — but really think about whether you can wait until 66 or older. — Great information on IRAs, estate planning rules –just takes some time to wade through the information. You can also find out the rules around declaring an older adult as a dependent if you are providing support and care.— If you are lucky enough to have a defined benefit plan, but it’s in financial trouble, it may end up with the Pension Benefit Guaranty Corp.  Information and rules here. and – Lots of great information understanding your rights under Medicare, but also how it works and what it pays for.  also great information for caregivers and ratings on nursing homes. — not retirement planning, but if you’ve got the time and money to travel, this site provides some great trips – including some for taking along the younger generation.

 I would add: – Reverse mortgage information.  there’s more interest in these mortgages as cash strapped retirees look to their home to help pay bills.  It’s important to understand the pros and cons before heading down this path to see if it’s the right choice.— Long-term care insurance information — Good source of information and community for caregivers — Women’s Institute for a Secure Retirement — good basic information and special considerations for women — young and older.





Written by Laura Rossman

April 8, 2009 at 1:58 pm

One Response

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  1. Having resources is our number one power element. We need advice, ideas and here it is..Ignorance is not bliss…that is for sure.

    carol stanley

    April 9, 2009 at 1:17 pm

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