Calculate
for Retirement
Use the Dollartime retirement calculator to help you determine how
much per year you need to save to meet your retirement goals.
Choose to Save
The Ballpark E$timate is an easy-to-use, two-page worksheet that helps
you quickly identify approximately how much you need to save to fund
a comfortable retirement. The Ballpark Estimate takes complicated issues
like projected Social Security benefits and earnings assumptions on savings
and turns them into understandable language and mathematics.
Financial
Planning and Retirement
Even if you are retired already, you still can
plan and improve your retirement. It’s never too late, according to the
financial planning section at the American Association for Retired Persons
(AARP). This area is just one of many in which the people at AARP help
people over the age of 50. By the way, a retired principal founded AARP.
Guide
to Retirement Planning
How will you plan for your retirement? How will you live it? You'll find guidelines
and ideas at this site.
National Council on Teacher Retirement
This member organization provides news articles and links on laws and legislation
affecting teacher retirement that are accessible to the public.
NEA-Retired Teacher's
Look for a feature on the National Education Association’s site about
retired teachers sharing their hard-earned wisdom with young teachers
through intergenerational mentoring. The retired section of the NEA
site offers articles of interest to different educator levels in
their retirement.
Nolo.com
“Nolo is your legal companion, empowering you and saving you money whenever the
law touches your work, life or finances,” the site states. From estate planning
and wills to social security concerns, Nolo offers articles, guidelines, and
FAQs, along with some scenarios to assess.
NRTA-AARP Education Community
The National Retired Teachers’ Association, the springboard for AARP, still serves
the educational community. Though both NRTA and AARP are membership oriented,
nonmembers can access various online resources and valuable information at their
sites. Look for money-saving tips, brain games to keep alert, and suggested community
resources.
Planning
Tools & Retirement Calculators
Through the financial group, Principal.com’s retirement section, you
can access retirement tools that help you define retirement goals, savings for
retirement, the cost of cashing out a 401k plan, and managing finances during
retirement. Non-retirees thinking ahead will find the site useful as well.
Retired Teachers.net
If you wish to expand your connection to retired teachers, Retired Teachers.
net is an excellent place to search. Chat with other education retirees,
find mentoring opportunities, and access teacher classifieds.
Retirement and
Wills
In the Retirement & Wills section of MSN’s MoneyCentral site, you can plan
for your retirement, learn about estates and wills, find a financial advisor
and get retirement news and tools.
Social Security Retirement Planner
This planner provides detailed information about your Social Security retirement
benefits under current law and points out various aspects to consider in preparation
for retirement. Look for benefit calculators, eligibility issues, and an FAQ
section.
Windfall Provision
of Social Security and Teacher Retirement
Important provisions of Social Security and your state pension for
certain retirees after 1984. The Windfall Elimination Provision primarily
affects you if you earned a pension in any job where you did not pay
Social Security taxes and you also worked in other jobs long enough
to qualify for a Social Security retirement or disability benefit.
Worksheets for
Retirement Planning
Look for various retirement-related topics, tools, and guides, including a Set
of five interactive worksheets through Wall Street Journal’s “SmartMoney.”
Yahoo Finance Retirement
As you might imagine on this popular search engine, you can find information
galore related to retirement. Link to articles, resources, and tools to help
you make wise decisions and money moves, such as “Is Retirement Different for
Women?” and “How to Change Jobs Without Hurting Retirement Savings”; how-to guides,
calculators and expert advice columns on estate planning, safeguarding investments,
and much more.
Second Careers
U.S. News and World Report Retirement News
Learn six tips about a second career during retirement years from the U.S.
News and World Report article linked through About.com.
Readers also can get suggestions from the article’s comments area.
Continued Learning and Collaboration
National-Louis University
Chicago area retirees interested in continued learning may want to enroll in
the lifelong learning courses offered through National-Louis University. There
are no grades or exams. Members choose the topics, coordinate the classes and
act as discussion leaders.
iEARN (International Education and Resource Network)
iEARN is the world's largest non-profit global network for teachers and youth
to collaborate on projects using the Internet and other technologies. The purpose
of this network is to enhance learning and make a difference in the world.
Area-Specific Sites
National-Louis University
Chicago area retirees interested in continued learning may want to enroll in
the lifelong learning courses offered through National-Louis University. There
are no grades or exams. Members choose the topics, coordinate the classes and
act as discussion leaders.
Retired Teachers Associations
Nearly every state has a retired teachers’ association. These networks provide
information on current issues that affect the welfare of retired teachers, along
with benefits and services within that state. Look for your state’s association
through this AARP list.
Retired Teachers Association of Chicago
Retired educators from places other than northern Illinois are likely to find
useful information on this RTA site. Though not the most attractive site, it
provides information on pending and current legislation, job openings, and volunteer
opportunities, along with calls for community needs. For Chicago-area residents,
it’s an easy way to find ways to get involved and help in the surrounding community.
Retirement Finances in Canada
Look into these Canadian retirement planning resources for information on
pensions, estate planning, taxes, RRSPs and RRIFs, and a little psychology.
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