Retirement Planning For 20-Somethings: Retirement Resources

As they say, "knowledge is power," and being knowledgeable about how your retirement accounts work is a powerful step towards implementing a realistic and attainable retirement strategy. You can learn about retirement planning by using resources which include the following:

• Retirement planning literature from your employer
• Retirement planning literature from your financial institution
• Retirement education sessions offered by your employer
• IRS Publication 590, available at www.irs.gov
• The Employee Benefits Security Administration arm of the department of labor (EBSA) (www.dol.gov)
• Retirement tutorials at www.investopedia.com

If you decide to read books on retirement planning, including manuals written by financial institutions and retirement service providers, double-check with your retirement counselor before making any decisions based on what you have read. Despite advice provided to the masses, your retirement plan must be based on your personal set of facts and circumstances, so as to ensure that it works efficiently and effectively for you.