June 8, 2009
Where do I go online to find easy to read information on retirement plans?
Dawn Hogan asked:
401(k), IRA, Roth, Mortgages. Its not easy to make out. Plus interest rates. Is there not an online Retirement made easy website that can help me sort this out?
Jaquan
401(k), IRA, Roth, Mortgages. Its not easy to make out. Plus interest rates. Is there not an online Retirement made easy website that can help me sort this out?
Jaquan

Comments on Where do I go online to find easy to read information on retirement plans?
Hanna
Motley Fool is a good site that assumes no prior knowledge. Also the Vanguard or Fidelity web sites should have some information.
Travis
financial stuff comes easy to me as i have been doing it a long time.
If you have access to a 401k you need to max it out yearly. Also you must choose what your money will be invested in inside the 401k. Usually you have at least 3 choices and sometimes up to 50 or 100. Diversify among at least 5 choices. you will pay taxes on this money when you withdraw it from the account later in life. You do not pay taxes on it now.
ira is what you contribute to personally. roth contributions are not tax deductible now but when you withdraw the money later you will not pay taxes on any of the money.
fixed rate or adjustable rate mortgage is where you will usually make your first decision and also for how long. If you prepay your mortgage by adding to the principal each month you will shorten the length of the mortgage and lessen how much you pay in interest over the duration of the loan.
If you have a specific ? let me know & i will try to answer it.
Brody
I would go to Vanguard.com and read up on retirement planning in their Planning and Education section.
Lillian
Yeah just google it.