As part of this year’s “Money Issue” devoted to matters of retirement (airing on August 3), “Sunday Morning” presents this resource guide for those who are retired … and for those planning ahead.
Government information
IRS – Retirement Plan Information
- Contains information on estimating annual savings withdrawals and various retirement plans, including 401(k) and IRA plans.
- Also contains information on how to manage retirement savings in the face of unexpected life events.
Social Security Administration – Plan for retirement
- Contains tools to calculate estimated Social Security payments (including benefits received while you continue working).
- Also contains information on Spouse and Survivor Social Security benefits.
Employment Benefits Security Administration (Part of Department of Labor)
- A comprehensive guide covering private retirement plans that are governed by Federal laws and guidelines in the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code.
- Includes a “Saving Matters” education portal, and a Retirement Savings Lost and Found Database.
- Does not include information on plans run by state and local government, most churches and plans for federal employees.
Retirement Toolkit (Department of Labor)
- PDF containing a retirement planning timeline, as well as information on Medicare and links to additional informational resources.
- The official U.S. government Medicare Handbook, containing info on the different Medicare options, how to sign up, and information on Medicare Savings Program.
Additional information
- Contains a hub of resources, including Frequently-Asked-Questions on Social Security, as well as various tools for calculating benefits.
- Stories and practical tips for those at 50 and beyond.
- Information on living your retirement years abroad.
- Examines retirement savings and investments by age and demographics
From CBS News Moneywatch:
Literature
Here are links to books featured on this year’s “Money Issue” broadcast:
- “50 After 50: Reframing the Next Chapter of Your Life” by Maria Leonard Olsen (Rowman & Littlefield), in Hardcover, Trade Paperback, eBook and Audio formats, available via Amazon, Barnes & Noble and Bookshop.org
- “Early Retirement Extreme: A Philosophical and Practical Guide to Financial Independence” by Jacob Lund Fisker (CreateSpace), in Trade Paperback, eBook and Audio formats, available via Amazon and Barnes & Noble
- “Playing with FIRE (Financial Independence Retire Early): How Far Would You Go for Financial Freedom?” by Scott Rieckens (New World Library), in Trade Paperback, eBook and Audio Formats, available via Amazon, Barnes & Noble and Bookshop.org
- “Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence [Revised and Updated Edition]” by Vicki Robin and Joe Dominguez (Penguin Books), in Trade Paperback, eBook and Audio Formats, available via Amazon, Barnes & Noble and Bookshop.org