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 Errold F. Moody Jr

       

FINANCIAL PLANNER

EXPERT WITNESS

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RETIREMENT

"Forget the dizzying array of online retirement sites: Errold F. Moody Jr., a financial consultant with 20 years experience, has created a one-stop shop for everyone from Gen Yers to current retirees."

Individual Investor Magazine

There are innumerable issues with retirement and many have been addressed in other areas- estate planning, investments, and so on. Probably the main considerations, at least from my work, are the fact that the elderly do not realize how long they will live and, in conjunction with that, do not adequately budget for that time frame. Actually, few budget correctly at any time and it therefore becomes the most key issue I address with almost any retirees. If you do not have a solid budget, almost all retirement planning is guesswork. 

"One of life's most painful moments comes when we must admit that we didn't do our homework, that we are not prepared."

Merlin Olsen

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Sample Pages

No Nonsense Finance eBook

Tens of millions of American families have invested their savings too thoughtlessly and emotionally in stocks. And over the next 10 to 20 years, their retirement incomes will turn out to be a lot smaller than they now anticipate -- not to mention the value of their stock options, the pleasure they get from feeling wealthy and the amount of money they therefore spend.

Robert Shiller

The list below includes all articles and specific links in alphabetical order with accompanying description. The listings in the column to the right are separate sections for articles and links

412 (i) BENEFIT PENSION PLAN LINK: The plan must be funded solely by individual or group life insurance and annuity contracts that are part of the same series, that include the same mortality tables and rate assumptions for all participants.g Attorney offers good information on this retirement program. 

412i Plan Ricky DeFrancesco

457 PLAN LINK :  A 457(b) plan is a non-qualified tax-deferred compensation plan that works very much like other retirement plans such as the 403(b) and 401(k).

AMERICAN ASSOCIATION OF RETIRED PERSONS (AARP) LINK: You don't have to agree with all their philosophies, just recognize that they have invaluable resources you should review.

BENEFITS LINK 1:  This can get you to the info on 401(k)  and 403(b) plans, ALL of ERISA, Internal Revenue Code and lots more. If you have a detailed question about your retirement plan that requires analysis of the regulations, check this out. Of course if you read all this, you won't have a life.

BENEFITS LINK 2: Rules, bulletin board, news articles and more.

BEST PLACE TO LIVE LINK : This is a Money Site that lets you put in the factors (weather, economy, health, etc.) that are most important to you and then it does an online search to determine which of 300 large metropolitan areas are the best fit. Then you can also do a comparison of cost of living between two cities.

BUDGET: O.K., if you got all the money in the world, you may not have to do a budget. But you may still get hurt- look at Burt Reynolds who had tons and tons of money and filed bankruptcy. However, for the bulk of us working stiffs, it is the singular key issue for the rest of your life- and quite obviously for the years of retirement. This budget is the most extensive I have seen anywhere and can be time consuming and frustrating to complete. But it contains the areas that are often overlooked- how about pets as an example? They are a godsend to many owners but can be expensive to maintain. If you miss this number, your budget can get all messed up. How about snow removal? Unless it's a line item, it can be missed. Anyway, be advised and do your homework.

BUDGET SCREWUPS LINK: I have commented previously about the fact that using the simplistic budgets of most computer services- including Quicken, Vanguard, etc.- don't work that well in the real world. But here is an excellent article by William J. Bernstein that addresses it more fully. It is clearly for these types of errors that most people fail in finances- or at least don't do as well as they should. They don't read enough or simply rely on an ego that thinks they know everything.

CASH BALANCE PLAN BY Sandra Block

CASH BALANCE PLAN ARTICLE LINK:  Many companies either have already changed or are contemplating a move from the standard pension plan over to the new cash balance formula. Not always beneficial- particularly to the older worker. This resource has numerous articles so you can see all sides.

CASH BALANCE PLAN LINK: Questions and answers from the Department of Laborhttp://www.dol.gov/

CONSUMER PRICE INDEX LINK: Information on new data, past history. You need this to recognize the past and potential impact on investments, social security payments, retirement planning, etc.

DEFINED BENEFIT RETIREMENT PLAN LINK: These plans- though getting fewer in number as employers switch to defined contribution plans- are covered by the Pension Benefit Guarantee Corporation

DEPARTMENT OF LABOR LINK:  The United States Department of Labor offers information on minimum wage, pensions, family and medical leave act as well as the ERISA regulations and all sorts of other goodies.

DEPRESSION LINK 1:  The site for the National Depressive and Manic Depressive Association that provides information and resources for the problem of depression. Highly Recommended. So why is this page here? Because it is one of the greatest obstacles to a happy retirement. Women have it more, but it really does a number on older men.  

DEPRESSION LINK 2: "This site is the Internet's central clearing house for information on all types of depressive disorders and on the most effective treatments for individuals suffering from Major Depression, Manic-Depression (Bipolar Disorder), Cyclothymia, Dysthymia and other mood disorders."

DISTRIBUTION FOR DEFERRED COMPENSATION AND IRA BENEFITS LINK:  Intense material on distribution prepared by an attorney. Once in awhile I will designate how distributions are made on IRA's- but only if it is SIMPLE. Most of the time it gets to be VERY convoluted and you need a specialist. I am not kidding here. Never do this at home!! Very scary material.

DYING INSTRUCTIONS LINK:  (pdf) By R. Douglas Pauley. Darn good material if you are dying

ELDER ABUSE LINK: This is the National Center on Elder Abuse (NCEA) and "is operated jointly with the National Association of State Units on Aging, the National Committee for the Prevention of Elder Abuse, and the University of Delaware to serve the information and knowledge and skills development needs of professionals concerned with elder abuse/neglect." This is a serious issue that affects more elderly than you can imagine. Use this resource.

ELDERCARE LINK:  Aging Parents and Elder Care

ELDER CARE CALCULATOR LINK:  (The MetLife Caregiving Costs Study: Productivity Losses to U.S. Business; National Alliance for Caregiving) the average caregiver costs an employer $2,110 per year. For those caregivers providing the most intense levels of care, the cost per employee is $2,441, totaling $17.1 billion. The total annual cost for all caregivers is $33.6 billion.

ELDERCARE NEWSLETTER LINK:  Good info form many newsletters from Schmieding Center for Senior Health and Education .

ELDERHOSTEL LINK: Many retirees finally take the time to travel after they retire. Here is way of doing so with people your own age and interests and at a reduced rate as well. So take some of your money and enjoy yourself!!!! Go someplace!!!

EMPLOYEE BENEFITS SURVEY LINK: Extensive data by the Bureau of Labor Statistics

EMPLOYEE STOCK OPTION PLAN LINK:  An independent site that offers all sorts of information on ESOP's with links to other sites of interest.

ERISA LINK 1:  The entire code for the Employee Retirement Insurance Security Act.

ERISA LINK 2: The latest available pension and benefit information for U.S. employers. This site features downloadable Form 5500s, the forms required by the IRS for employers’ pension, 401(k) and other benefits plans.

ESOP LINK: An interactive description to an ESOP for your firm. Includes insight to C and S corporations. Interesting.

FARMER RETIREMENT LINK:  A Retirement Estimator for Farm Families (Purdue University in conjunction with the USDA )

GENERATION X, PRE BOOMER AND BOOMER STATISTICAL INFO: Though these numbers were developed for the SF Bay area, the overall ratios may be valuable elsewhere.

HEALTH INFORMATION LINK: From the National Institutes of Health

HEALTH INSURANCE: Health care coverage for the elderly has been declining precipitously

HEALTH INSURANCE INFORMATION LINK: "Free, accurate and unbiased consumer help with Medicare, managed care, Medigap insurance, long term care insurance and more for Medicare beneficiaries, their families and others." Very Good information and highly recommended

HEALTH PLAN LINK 1: The site provides info on state coverage and state laws.


Profile of Age Characteristics for the United States:  2000 and 1990

(Based on 2000 and 1990 Census Data)
 

2000 Census Data

1990 Census Data
Number % Number %
 Total population 281,421,906   248,709,873 -
SEX AND AGE  

Male

138,053,563 49.1 121,239,418 48.7

Female

143,368,343 50.9 127,470,455 51.3
Under 5 years 19,175,798 6.8 18,354,443 7.4
5 to 9 years 20,549,505 7.3 18,099,179 7.3
10 to 14 years 20,528,072 7.3 17,114,249 6.9
15 to 19 years 20,219,890 7.2 17,754,015 7.1
20 to 24 years 18,964,001 6.7 19,020,312 7.6
25 to 34 years 39,891,724 14.2 43,175,932 17.4
35 to 44 years 45,148,527 16.0 37,578,903 15.1
45 to 54 years 37,677,952 13.4 25,223,086 10.1
55 to 59 years 13,469,237 4.8 10,531,756 4.2
60 to 64 years 10,805,447 3.8 10,616,167 4.3
65 to 74 years 18,390,986 6.5 18,106,558 7.3
75 to 84 years 12,361,180 4.4 10,055,108 4.0
85 years and over 4,239,587 1.5 3,080,165 1.2
Median age (years 35.3   33  
18 years and over 209,128,094 74.3 185,105,441 74.4
    Male 100,994,367 35.9 88,655,140 35.6
    Female 108,133,727 38.4 96,450,301 38.8
21 years and over 196,899,193 70.0 173,378,573 69.7
62 years and over 41,256,029 14.7 37,629,695 15.1
65 years and over 34,991,753 12.4 31,241,831 12.6
    Male 14,409,625 5.1 12,565,173 5.1
    Female 20,582,128 7.3 18,676,658 7.5
Table compiled by the U.S. Administration on Aging

HEALTHY STATES LINK: There has been a 14 percent hike in the nation's overall level of healthiness since 1990. Find out which states are the best- you may wish to change which state you will retire to.

HOSPICE LINK:  This is the site for the Hospice Foundation of America. Hospice is used in the terminal stages of life and allows a transitional period without pain surrounded by caring staff. A place of saints and angels.

HOSPITAL COMPARE LINK: U.S. Department of Health and Human Services

HOSPITAL RANKING LINK: An excellent source by U.S. News lets you pick a specialty and state.

HOW MUCH WILL YOU NEED: Frankly, I detest these simplistic forms, but if you do not have an HP12C to do more correct numbers, than this is better than nothing. But I wouldn't do your retirement planning based on this or any table offered by Money magazine, Kiplinger's, Worth, Wall Street Journal or your Mama. For one of the reasons why, take a look at "Retirement Numbers" below.

INCOME: Are people actually saving enough for retirement? Recent statistics.

INDICATORS ON THE AGING POPULATION LINK:  Massive study on aging by the National Institute on Aging, Part 1. Includes Indicators of Population, Economics, Health Status, Health Risks and Behaviors and Health Care. Exceptional material.

IRA HIGHLIGHTS: Regular, ROTH and ROTH rollover review.

IRA/QUALIFIED DISTRIBUTION LINK:  VERY extensive information on all . Hot Topics and Recent developments in plan distribution By Noel C. Ice

IRA AND QUALIFIED PLAN DISTRIBUTION LINK 1: This is the IRS Tax Publication that provides some discussion about the taxation of distributions, etc. You should start here in analyzing what you should do and when. Unfortunately, it is still not very definitive in providing answers to alternative payouts- some of which are described directly below- and you many need to seek an expert in this field. Be very, very careful with distributions since, once you start, there is little flexibility for adjustment later on.

IRA AND QUALIFIED PLAN DISTRIBUTION LINK 2: "IRS rules for minimum distributions from qualified retirement plans and IRAs are widely regarded as being maddeningly complex." Here is further analysis and commentary by Distribution Strategies, Inc.

IRA RETIRE EARLY CALCULATOR LINK:  If you retire before 59 1/2, you can take out portions based on your actuarial lifetime and current rates. This calculator requires a Java browser.

IRA PAYOUTS: This is one of the areas where an expert is really needed. The rules for putting money INTO an IRA are fairly straight forward. But taking them OUT is like having a root canal. You can really make some bad mistakes here. Anyway, here is a short table of the difference between fixed and recalculated life expectancies.

KEOGH CALCULATOR LINK:  You have to put in the new 2003 limits and you can get an accurate calculation

LIFE, DEATH AND HEALTH STATISTICAL LINK: Huge database of info from the CDC. Great material .Once again, the government puts out a great site.

LIFE EXPECTANCY: If you are 45, how long do you have to live? How about age 65 or 75 or even 85. You must know these numbers in order to do estate, insurance or retirement planning.

LIFE EXPECTANCY LINK : The above site requires printing out a form and does not provide an on line answer- though it is very descriptive. This site is not as definitive but allows you to plug in answers and get a result. You should try it.

MANAGED CARE QUESTIONNAIRE: Kate Kincaid is the Editor in Chief for California Broker magazine. Beyond that, and most importantly, is the fact that she is an excellent and knowledgeable writer on complicated issues.  This questionnaire is must reading.

MANAGED CARE GLOSSARY LINK: An extensive 26 page glossary of terms you should familiarize yourself with when using a managed care facility. As C Everett Koop says- The Best Prescription is Knowledge.

MEDICARE INTERACTIVE LINK: your one-stop source for information about health care rights, options and benefits. Brought to you by the Medicare Rights Center, a national not-for-profit, consumer service organization, dedicated to ensuring that older adults and people with disabilities get good affordable health care."

MEDICARE MANAGED CARE LINK:  Mandatory page if you wish to use a managed care HMO plan. Simply include your state of residence- or preferably your zip code- and you can get an analysis of a company's plan for that area- coverage, costs, etc.

MEDICARE AND MEDICAID LINK: This site is administrated by the HCFA- Health Care Financing Administration- and lets consumers and professionals retrieve information about literally every aspect of these two explosive issues. Highly recommended.

MEDICARE LINK: The Official U.S. Government site for Medicare information. Generally, you are eligible for Medicare if you or your spouse worked for at least 10 years in  Medicare-covered employment, and you are 65 years old and a citizen or permanent resident of the United States. You might also qualify for coverage if you are a younger person with a disability or with chronic kidney disease.

MEDICARE LINK Tons of info on all areas from Medicare Interactive.

MEDICARE DRUG DISCOUNT CARD LINK: This booklet provides information about the new Medicare-approved drug discount cards including who can get a card, how they work, and how to choose the best card for you.

MEDICARE HEALTH PLAN COMPARISON LINK: Medicare comparison shop for health plans by looking at information on costs, benefits, quality, and plan member disenrollment rates. Health plans include the Original Medicare Plan, Medicare managed care plans (HMOs), and Private Fee-for-Service plans.

MEDICARE HMO LINK: This site can help answer questions about managed care, selection of a Medicare HMO along with individual state regulations and more. I would certainly recommend this to anyone retiring who has questions about whether to join an HMO or to take Medicare and use a Medigap policy.

MEDICARE PLAN OPTIONS LINK:  The chart helps you compare

MEDICARE RIGHTS AND PROTECTIONS LINK:

MEDICARE STATE HMO COVERAGE LINK: Also includes which HMO's will be withdrawing this year due to the Medicare benefit reductions by County, Plan Name, Total Medicare beneficiaries in county, Total who will be dropped by plan and Medicare HMOs left in county

MEDIGAP PLANS: Only 10 (essentially) are allowed to be sold throughout the U.S. This article will help explain some differences and give additional insight to some problems.

MEDIGAP PLANS LINK: Medigap Compare is part of HCFA’s consumer information website. It is designed to help find insurance companies in your state that sell Medigap (Medicare supplemental insurance) plans and gives information on how to contact the insurance companies. It also supplies additional information.

MEMORY STUDY LINK: The National Institute on Aging is trying to get the word to people over age 55 that if they're getting abnormally forgetful, they should see a doctor. Scientists have just discovered that a memory problem called ''mild cognitive impairment'' can be an early warning sign of Alzheimer's - and they're beginning three huge studies to see if certain drugs could prevent those patients from ever getting Alzheimer's.

MINIMUM REQUIRED DISTRIBUTION (MRD) LINK:  Plunk in your age and it tells you the factor to use.

Required Minimum Distribution (RMD) Calculator

MONTE CARLO AND RETIREMENT SOFTWARE LINK:  Commentary by Bill Sharpe

MORTALITY TABLES LINK

NATIONAL RETIREMENT RISK INDEX LINK: The length of retirement is increasing as the average retirement age hovers at 63 for men and at 62 for women and life expectancy rises. At the same time, the amount of money people will have in retirement relative to their pre-retirement earnings is declining for a number of reasons.

NEEDY MEDS LINK: This site is designed to provide information about patient assistance programs which provide no cost prescription medications to eligible participants.

ODDS OF SURVIVING: What are your odds of surviving to the next year? Great info for parties

OLDER AMERICAN PROFILE:  Statistical info by the Administration on Aging

OPTION CALCULATOR LINK 1:  This determines the net return if an employee exercises a ESO. You can vary the tax bracket, etc. Includes "when to exercise" and more.

PENSION GLOSSARY:  From The Profit Sharing/401(k) Council of America

PENSION BENEFIT GUARANTEE CORPORATION LINK:  Information on defined benefit pension guarantees, divorce orders, interest rates  and more.

PENSION ERRORS LINK: Here are "30 Serious Errors and Problems Found in Pension and Profit Sharing Plans."  There are numerous articles indicating that the calculations for a retirement pension have been done incorrectly. This site helps you to identify many other problems as well.

PENSION QUIZ: If you are/were an employee with a large company where you used employer stock in a qualified plan, the tax ramifications of whether you roll the funds into an IRA or take out the stock when retiring is one of the most involved areas of tax law that can make or break some retirements- and the gifts to beneficiaries. This is also one more guide in picking a financial planner for your retirement or estate planning. And this ain't covered in Quicken or any other financial software. The example is direct but not necessarily easy to understand, but hey, who said retirement was going to be easy??

PENSION RESEARCH INSTITUTE LINK: EXCESS OMEGA RETURN LINK:   A relatively new measure of risk/reward. Professional article

If a fund started in the first quartile, there was a 61% chance that it will remain in the first quartile in the next year ranking. Likewise, If a fund was in the lowest quartile rank it was very likely it would have stayed in the 4th quartile in the following year (62%). Increasing the time interval from three to five years produced very similar results (71% and 67% respectively). In contrast, the Sortino and Sharpe rankings showed a 38% and 42% chance on remaining in the first quartile and a 29% and 38% probability of staying in the 4th quartile.

PWBA LINK: The Pension and Welfare Benefits Administration "protects the integrity of pensions, health plans and other employee benefits". It has discussions on pension miscalculations, pension fraud, SIMPLE plan, SEP's and much more. While the government can screw up a lot, most of their sites are LOADED with solid info.

PETS LINK: Pets have a wonderful ability to keep people happy and healthy. They have been shown to keep the elderly alive longer. If you like pets, you will like this page. Here is another site for the AMERICAN VETERINARY MEDICAL ASSOCIATION LINK and the site for the AMERICAN ANIMAL HOSPITAL ASSOCIATION LINK.

QUALITY DIVIDEND CALCULATOR LINK: : The NCQA its Quality Dividend Calculator (QDC) (patent pending), a free, interactive, online tool that demonstrates how choosing a higher-quality health plan can help an employer reduce the sick days and sick wages associated with various illnesses. The tool also shows employers how many of their employees are likely to have one or more of eight key health conditions such as asthma, diabetes or heart disease.

QUALIFIED LOAN LINK: The Internal Revenue Service has published both final and proposed Income Tax Regulations relating to loans made from a qualified employer plan to plan participants or beneficiaries. These regulations affect administrators of, participants in, and beneficiaries of qualified employer plans that permit participants or beneficiaries to receive loans from the plan under sections 401, 403(a), and 403(b), as well as U.S. and state government plans.

QUALIFIED MRD PLAN REGULATIONS AND DISTRIBUTIONS LINK:  Selective Analysis of the New Re-Proposed regulations Under IRC §401(a)(9)

QUALIFIED PLAN PROFILE LINK: A listing of many major companies offering qualified plans- from American Express to Vanguard. Helps just to see the fee structure

RABBI TRUST:

REQUIRED MINIMUM DISTRIBUTION LINK: IRA rules by the IRS

RETIREMENT BOOK ONLINE LINK Straight Talk about Investing for Retirement. An online book by Richard A Ferri, CFA

RETIREMENT CALCULATOR LINK 1: No on line calculator has included all the areas I think need consideration (for example, working part time for "x" years, adjustment for various inflation rates, inheritances received at different years, etc.) but this one from U.S. News includes some topics for adjustment (longevity, social security, Medicare) that I consider unique. Takes some effort and good enough to be reasonably helpful- which is a lot more than I can say about most of the simplistic calculators.

RETIREMENT CALCULATOR LINK 2:  A downloadable free calculator. Use both calculators and compare answers.

RETIREMENT CALCULATOR LINK3:  Uses Monte Carlo and the safe rate of withdrawal. Better than most calculators.

RETIREMENT CALCULATOR LINK 4: TRowe Price

RETIREMENT INCOME LINK:  How it fails when using a flat rate of return. But it does not go far enough. See the article above on Investment Malfeasance.

RETIREMENT INCOME SIMULATION SPREADSHEET LINK, Tom O'Have, University of Maryland. Nicely done. But as with all software, it merely pumps out numbers. If you are not well versed in what actually is transpiring for clients, you really haven't served them well.

RETIREMENT NUMBERS: Literally every magazine puts out numbers to show how long $100,000 (or whatever) would last during retirement if it was growing at "x" interest rates. Unfortunately, they do not reflect the real world and can lead retirees to financial disaster. Look at this analysis and you might understand why you, your adviser, your dog- somebody- MUST know how to use an HP12C  as well as how to develop the numbers and what they mean when you get done. In my experience, there are very few that can do this correctly. Almost all depend on computer driven software that they know nothing about. That's NOT good planning. 

RETIREMENT PLAN LINK 1: Gives some good overview of benefits of SEP-IRA, Simple 401(K) plans, etc.

RETIREMENT PLAN LINK 2: (The U.S. Small Business Administration, the U.S. Department of Labor, the U.S. Chamber of Commerce, and Merrill Lynch) This site is designed to help small business owners develop the right retirement plan for their business. It guides interested business owners through chapters about the benefits of offering retirement plan for the business owner, the business, and employees.

RETIREMENT PLAN CHECKLIST LINK:  - The IRS has checklists that small businesses can use to make sure their retirement plans comply with the law.

RETIREMENT PLANNING: Some excellent questions to ask yourself before retirement- how long are you going to live, where, health, income, mortgages, as well as other articles on pensions, health care, etc. You need to look at this

RETIREMENT PLANNING LINK: Mapping the Minds of Retirement Planners, By: Douglas A. Hershey,Kène Henkens ,Hendrik P. van Dalen

RETIREMENT PLAN CONTRIBUTIONS LINK  Shows the revised limits from year to year.

RETIREMENT POLL: Results of a Money magazine poll of 1994 showing the myths that many retirees hold. I submit it is not that much different now even in view of the better market.

RETIREMENT QUIZ: Here is a two part quiz regarding some fundamentals of retirement. You or your adviser must know these facts "cold". Along with these facts is one other issue that is imperative for planning at any level. CLICK HERE

RETIREMENT RESEARCH LINK:  from Boston College

RETIREMENT SECURITY LINK:  (Boston College 2006) Excellent article on the potential losses in retirement. Many people in their 50s and 60s experience negative shocks that threaten retirement security. Job layoffs, divorce, and the onset of work disabilities near retirement substantially erode retirement savings. The findings highlight the limitations of the safety net when things go wrong in late midlife.

RETIREMENT SPENDING LINK: UNDERSTANDING EXPENDITURE PATTERNS IN RETIREMENT, Good article- pdf, 41 pages. Knock yourself out.

RETIREMENT SURVEY LINK:  This site by the Employee Benefits Research Institute provides statistics- primarily for the practitioner- from surveys of the past few years on the amount that retirees may need for retirement ; how much they are saving; what differences there are in savings and expectations by race; what retirees think of Social Security and more.

ROTH 401(k) LINK

ROTH IRA LINK: Many people wonder about this new non taxable IRA. Here is a page with tons of articles on the value, some software applications, etc.

ROTH IRA LINK 2: Various example showing how a ROTH IRA works and whether it will be beneficial. Believe it or not, some ROTH IRA's will actually hurt a retiree.

ROTH RULES (IRS)

SAFE WITHDRAWAL RATE LINK:  Strategies and calculators. Good for an overview.

SAVINGS RATE LINK:  This site updates weekly various rates on savings, mortgages, credit cards, auto and jumbo CD's for over 11,000 institutions. Links to numerous other sites. Even if you did get a "quote", I'd still suggest you look at other sites and do your homework before committing.

SELF EMPLOYED RETIREMENT PLAN LINK:  Analysis of various types of plans by the FPA

SENIORS LINK: A government site covering travel, health, consumer issues and links to countless government related sites. The government does an excellent job with the Internet and this is no exception

SENIOR HEALTH LINK:  Great resource by the National Institute on Health.

SENIOR HEALTH CARE LINK:  website for older adults was developed by the National Institute on Aging and the National Library of Medicine,

SENIOR ORGANIZATIONS LINK (Administration on Aging)

SENIOR YELLOW PAGES LINK: Extensive listing for each state of most areas impacting the elderly

SMALL EMPLOYER RETIREMENT 2001 SURVEY LINK: Small Employers Without Plans, Small Employers With Plans , SERS Underwriters, 2001 Retirement Confidence Survey and Minority RCS.

SOCIAL SECURITY COMMENTARY: Various commentary on the dependency on social security for retirement, how your salary effects SS, more.

SOCIAL SECURITY LINK: Good information on an everchanging topic. This is also the place where you can get your Personal Earnings and Benefit Estimate Statement

SOCIAL SECURITY DEATH BENEFITS LINK: Info on what to do with the ability to download forms.

SOCIAL SECURITY DISABILITY SSI BENEFITS LINK:  Excellent info

SOCIAL SECURITY HEARING AND APPEALS LINK: If you are denied coverage by social security, here is the process for appealing their decision. You may still need an attorney to present your claim, but this will help your involvement and potentially reduce the split the attorney takes.

SOCIAL SECURITY FIX IT BOOK LINK: An independent study by the Center for Retirement Research at Boston College. You can enter your own suggestions. Maybe a calorie tax. That would makes us solvent in just a few days.

SOCIAL SECURITY FORMS LINK: The Social Security Administration has made available online 65 forms most commonly used by beneficiaries. Among these are Benefits Claims forms, Benefits Claims Supporting forms, and forms for use in the claims adjudication process such as a request for hearing before an administrative law judge. The site also includes to other agency forms, such as the Treasury's direct-deposit request form and application for employer identification number (Form SS-4).

SOCIAL SECURITY GAO LINK: Huge objective data on all the questions you may have. I do like the material and research from the GAO

SOCIAL SECURITY GLOSSARY LINK:

SOCIAL SECURITY OFFSET: If you worked for an employer, they paid half of your social security. Under many pension plans, they are therefore able to recoup part of your social security payments as an offset to the pension plan you anticipated. This will have major repercussions to your retirement lifestyle.

SOCIAL SECURITY PAYROLL TAX LINK:  A lengthy article on Understanding the Tax and Income Dynamics of Social Security

SOCIAL SECURITY PUBLICATIONS LINK: Over 100 publications that you can download directly.

SOCIAL SECURITY RETIREMENT PLANNER LINK: A private site that, once you know what benefits you should get at your normal retirement age (by going directly to Social Security), provides tables showing the difference in receiving benefits earlier or later in age and when they "break even". Very interesting and visually helpful. 

SOCIAL SECURITY RETIREMENT PLANNER LINK:  How early retirement impact benefits for retiree and spouse. By year of birth.

STATE HEALTH FACTS LINK:  This new resource contains the latest state-level data on demographics, health, and health policy, including health coverage, access, financing, and state legislation. Wealth of Info- Medicare, Medicaid, HIV  

STATE PENSION FUND LINK:  Click on a state for its retirement system and debt statistics.

STATE RETIREMENT SYSTEMS:

SUICIDE PREVENTION LINK:  Lots of material and links

TAX PLANNING DURING RETIREMENT: This article focuses on those intending to leave an estate to beneficiaries but have assets both in a tax deferred and taxable account. Many "financial journalists" (there's a misnomer) still suggest leaving the tax deferred account to grow because the beneficiaries will get more money. Not necessarily true- and when you review this example, you can see it can make a HUGE difference in the NET amount received by doing exactly the opposite.

TRUST RETIREMENT BENEFICIARY LINK: This is the IRS proposed regs for the Required Distributions From Qualified Plans and Individual Retirement Plans that apply if a trust is named as a beneficiary of an employee's benefit under a retirement plan. These proposed regulations will affect administrators of, participants in, and beneficiaries of qualified plans, institutions which sponsor and individuals who administer individual retirement plans, individuals who use individual retirement plans, simplified employee pensions and SIMPLE Savings Plans for retirement income and beneficiaries of individual retirement plans; and employees for whom amounts are contributed to section 403(b) annuity contracts, custodial accounts, or retirement income accounts and beneficiaries of such contracts and accounts.

See also US Code for Title 26, Section 401.

Both "proposals" are considered binding .

VISION LINK: Hope when vision fails

VOLUNTEER LINK: Links on this page created by the U. S. Administration on Aging identify public policy issues, resources for organizations dependent on volunteers, and national programs expressly targeting recruitment of older volunteers for community service.

WITHDRAWAL RATE LINK:  Philip L. Cooley, Carl M. Hubbard and Daniel T. Walz - What’s a reasonable withdrawal rate when living off savings? A look at how various withdrawal rates would have fared based on past market returns provides a useful guide.

WITHDRAWAL RATE Various studies identifying how long your money might last.

WORKMAN'S COMPENSATION LINK: Extensive material and links on a complicate area.

Consumer links

RETIREMENT PLANNING BOOKS

PENSION, IRA AND 401(K) PLANNING BOOKS 


ARTICLES

412i Plan

BUDGET

CASH BALANCE PLAN

GENERATION X, PRE BOOMER AND BOOMER STATISTICAL INFO

HEALTH INSURANCE & COMMENTARY

HOW MUCH WILL YOU NEED

INCOME

IRA HIGHLIGHTS

LIFE EXPECTANCY

MANAGED CARE QUESTIONNAIRE

MEDICARE CHOICES

MEDIGAP PLANS

OLDER AMERICAN PROFILE

ODDS OF SURVIVING

PENSION QUIZ

RABBI TRUST

RETIREMENT COMMENTARY

RETIREMENT NUMBERS 

RETIREMENT POLL

RETIREMENT QUIZ

SOCIAL SECURITY COMMENTARY

SOCIAL SECURITY OFFSET

STATE RETIREMENT SYSTEMS

TAX PLANNING DURING RETIREMENT

WITHDRAWAL RATE

LINKS

412 (i) BENEFIT PENSION PLAN

457 PLAN

AMERICAN ASSOCIATION OF RETIRED PERSONS (AARP)

BENEFITS 1

BENEFITS 2

BEST PLACE TO LIVE

BUDGET SCREWUPS

CASH BALANCE PLAN

CASH BALANCE PLAN 2 

CONSUMER PRICE INDEX

DEFINED BENEFIT RETIREMENT PLAN

DEPARTMENT OF LABOR

DEPRESSION 1 

DEPRESSION 2

DISTRIBUTION FOR DEFERRED COMPENSATION AND IRA BENEFITS

DYING INSTRUCTIONS

ELDER ABUSE

ELDERCARE

ELDER CARE CALCULATOR

ELDERCARE NEWSLETTER

ELDERHOSTEL

EMPLOYEE BENEFITS SURVEY

EMPLOYEE STOCK OPTION PLAN

ERISA 1

ERISA 2

ESOP

FARMER RETIREMENT

HEALTH INFORMATION

HEALTH INSURANCE INFORMATION

HEALTHY STATES

HOSPICE

HOSPITAL COMPARE

HOSPITAL RANKING

INDICATORS ON THE AGING POPULATION

IRA AND QUALIFIED PLAN DISTRIBUTION 1

IRA AND QUALIFIED PLAN DISTRIBUTION 2

IRA RETIRE EARLY CALCULATOR

KEOGH CALCULATOR

LIFE, DEATH AND HEALTH STATISTICS

LIFE EXPECTANCY

MANAGED CARE GLOSSARY

MEDICARE MANAGED CARE

MEDICARE AND MEDICAID

MEDICARE

MEDICARE 2

MEDICARE DRUG DISCOUNT CARD

MEDICARE HEALTH PLAN COMPARISON

MEDICARE HMO

MEDICARE INTERACTIVE

MEDICARE PLAN OPTIONS

MEDICARE RIGHTS AND PROTECTIONS

MEDICARE STATE HMO COVERAGE

MEDIGAP PLANS

MEMORY STUDY

MINIMUM REQUIRED DISTRIBUTION (MRD)

Minimum Distribution (RMD) Calculator

MONTE CARLO AND RETIREMENT SOFTWARE

MORTALITY TABLES

NATIONAL RETIREMENT RISK INDEX

NEEDY MEDS

OPTION CALCULATOR 1

PENSION GLOSSARY

PENSION BENEFIT GUARANTEE CORPORATION

PENSION ERRORS

PENSION RESEARCH INSTITUTE

PENSION WELFARE BENEFITS ADMINISTRATION

PETS

QUALITY DIVIDEND CALCULATOR

QUALIFIED LOAN

QUALIFIED MRD PLAN REGULATIONS AND DISTRIBUTIONS

QUALIFIED PLAN PROFILE

REQUIRED MINIMUM DISTRIBUTION

RETIREMENT BOOK ONLINE

RETIREMENT CALCULATOR 1

RETIREMENT CALCULATOR 2

RETIREMENT CALCULATOR 3  

RETIREMENT CALCULATOR

RETIREMENT INCOME

RETIREMENT INCOME SPREADSHEET

RETIREMENT PLAN 1

RETIREMENT PLAN 2

RETIREMENT PLAN CHECKLIST

RETIREMENT PLAN CONTRIBUTIONS

RETIREMENT PLANNING

RETIREMENT RESEARCH

RETIREMENT SECURITY

RETIREMENT SPENDING

RETIREMENT SURVEY

ROTH 401(k)

ROTH IRA 1

ROTH IRA 2

ROTH RULES

SAFE WITHDRAWAL RATE

SAVINGS RATE

SENIORS

SELF EMPLOYED RETIREMENT PLAN

SENIOR HEALTH

SENIOR HEALTH CARE

SENIOR ORGANIZATIONS

SENIOR YELLOW PAGES

SMALL EMPLOYER RETIREMENT 2001 SURVEY

SOCIAL SECURITY

SOCIAL SECURITY DEATH BENEFITS

SOCIAL SECURITY DISABILITY SSI BENEFITS

SOCIAL SECURITY GAO

SOCIAL SECURITY HEARING AND APPEALS

SOCIAL SECURITY FIX IT BOOK

SOCIAL SECURITY FORMS

SOCIAL SECURITY GLOSSARY

SOCIAL SECURITY PAYROLL TAX

SOCIAL SECURITY PUBLICATIONS

SOCIAL SECURITY RETIREMENT PLANNER1

SOCIAL SECURITY RETIREMENT PLANNER 2

STATE HEALTH FACTS

STATE PENSION FUND

SUICIDE PREVENTION

TRUST RETIREMENT BENEFICIARY

VISION

VOLUNTEER

WITHDRAWAL RATE

WORKMAN'S COMPENSATION

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