Everything You Need to Know About Retirement

Hardworking, smart people, even when they are young, start planning for retirement as part of their future goals. To help you plan for your retirement, no matter what age you are, CNN Money has this complete guide called Ultimate Guide for Retirement. In this section of CNN Money you will find advise on every aspect of retirement. For instance, this section on allocation:

What's the Best Allocation for My Age?

"The old rule of thumb used to be that you should subtract your age from 100 - and that's the percentage of your portfolio that you should keep in stocks. For example, if you're 30, you should keep 70% of your portfolio in stocks. If you're 70, you should keep 30% of your portfolio in stocks.

However, with Americans living longer and longer, many financial planners are now recommending that the rule should be closer to 110 or 120 minus your age. That's because if you need to make your money last longer, you'll need the extra growth that stocks can provide.

To find the right asset allocation for you, go to our asset allocation calculator."

Also in the Ultimate Guide for Retirement from CNN Money, in the left-hand sidebar you will see sections such as:

1. When Do I Need to Start Investing in My Retirement?
2. Where Should I Put my Retirement Money?
3. Stocks? Bonds? What's the Right Mix?
4. Taxes and Retirement.

If you used no other resource but the one from CNN Money, Ultimate Guide to Retirement, you couldn't go wrong. There doesn't seem to be a thing they have not covered. However, if you have other ideas to help MoneyThumb blog readers with their retirement plans, don't hesitate to leave a comment, and please share this post on your social media!

Also, on that CNN Money page, there is financial advise in the top links for personal finance and small business finance. Take advantage of this resource today and make your financial and retirement planning go much more smoothly.