There are innumerable "how to" Web sites, telling us how to tie a tie, how to lose weight, even how to skin a cat (it's not what you think). There are also plenty of sites advising investors how to save for retirement. So a key question for these investors is: What are the best sites?
Into this Web-site retirement morass steps the nonprofit Alliance for Investor Education (AIE). On March 18, AIE posted 12 of the best Web-based resources for older investors, called "Retirement Wealth Know-How: Investor Education for Seniors," available at investoreducation.org/retirementwealth.
AIE is the organization of the 20 leading U.S. financial-related foundations, nonprofit organizations, associations and governmental agencies. One advantage of AIE posting this "best of" compilation is that nonprofits are less likely to be financially biased about their information and more likely to direct readers--and perhaps your clients--to solid, educational sites.
The 12 top resources AIE features run a fairly wide gamut. There's the broad-based National Endowment for Financial Education's (NEFE) site on "Understanding Your Retirement Paycheck." And in this post-Madoff era, there's a site for the leery investor by Investor Protection Trust, called "Take Charge Before a Bad Deal Takes You." AIE also features a Web site by the American Association of Individual Investors (AAII) specifically for widows. It's called "Surviving a Loss: Smart Steps for Coping With Widowhood."
AIE President Dallas Salisbury, who also serves as president and CEO of the Employee Benefit Research Institute (EBRI) and chairman of the American Savings Education Council, said on the Alliance's Web site, "Americans at or approaching retirement age have different needs from those in other life stages. Senior investors are often particularly targeted by con artists. Members of the Alliance are devoted to raising awareness of the ways that those who are nearing or already in retirement can strengthen and protect their retirement nest egg."
For more on how advisors and their clients are using online resources, please click here.