To learn about the different types of investment accounts that talk about saving for retirement. FINRA explains the Retirement Accounts, which shows the importance of initiating, planning, and consistent saving and creating a cache over your retirement.
Thinking of Retiring? Planning is Key
These slides from the "Social Security - Planning Your Retirement" presentation provides a wealth of information, courtesy of the Social Security Administration.
With retirement, disability, and survivors benefits, Social Security is one of the most successful anti-poverty programs in U.S. history.
The New York State Employees’ Retirement System (NYSERS) provides benefits for state civil service officers, police, firefighters and employees.
The mission of the NYC Department for the Aging (DFTA) is "to work for the empowerment, independence, dignity and quality of life of New York City's diverse older adults and for the support of their families through advocacy, education and the coordination and delivery of services."
Preparing for Retirement
There's much to consider when planning your retirement: Have you saved enough? When can you stop working? How long will your money last? The video below will address some of these questions and explain how the AARP Retirement Calculator can help you plan your financial future.
Is age just a number?
When it comes to retirement, your age (and financial planning) can determine how well, or whether you’re able to retire when you want! (Please note that the following is prepared for general information only.)
The most common way to invest money for retirement is to place funds in a 401k Plan, or an Individual Retirement Account (IRA).
Even after you’ve retired, you may want to factor in other considerations while planning for the future, for example, in relation to the financial security of loved ones. Life insurance may be one such factor. The National Association of Insurance Commissioners has designed questions for you to answer to help you decide on the best options.
AARP is a nonprofit, nonpartisan, social welfare organization with a membership of nearly 38 million that helps people turn their goals and dreams into real possibilities, strengthens communities and fights for the issues that matter most to families — such as health care, employment and income security, and protection from financial abuse.
The contents of all material available on www.aarp.org are copyrighted by AARP.
360 Degrees of Financial Literacy
360 Degrees of Financial Literacy is a free resource of the American Institute of CPAs, and offers helpful financial information to retirees.