For "Boomers" Only

If you're part of the Baby Boom generation that means you were born between 1946 and 1964.  Front wave Boomers turned age 64 in 2010 and are probably on the cusp of retirement.  A study released by AARP in 2007 suggests that about 70% of front wavers expect to continue working well into their retirement years - some by choice, others by necessity.

Back wave Boomers though could be eighteen years younger and may be in the middle of their peak earning years.  They're probably still trying to accumulate a larger nest egg for their eventual retirement.  Regardless of where you are on the Boomer generation age spectrum, one common concern is shared - making your retirement nest egg last as long as you do.

As we say at Potomac Financial Group, "Luck Is Not A Retirement Strategy.... Careful Planning Is."  With that in mind, we have compiled a list of websites that could be helpful in your personal financial planning.  Just click on the appropriate link for information about your area of interest.  Of course, if you have questions, we're always available to help.

Education Planning/Funding:

  • The College Board website includes information on SAT testing as well as other areas of concern including planning, funding, applying for college and paying the bills.  www.collegeboard.org.
  • Information on scholarships, loans and other sources of financial aid can be found at this site.  www.finaid.org.
  • 529 college savings plans offered by the states allow parents to sock away money for tuition, room and board and other college expenses on a tax favored basis.  This site breaks it down by state.  www.savingforcollege.com.

Social Security:

  • Everything you want to know about Retirement, Survivor, Disability and Medicare benefits is on this site.  They also have calculators that project benefits based on different retirement scenarios.  www.ssa.gov.

 

Civil Service Benefits:

  • CSRS and FERS benefit information, forms, options, calculators and publications are available at:  www.opm.gov/retire.
  • Thrift Savings Plan (TSP) information is available at:  www.tsp.gov.

Internal Revenue Service:

  • Just about everything you ever wanted to know from the IRS is available on this site, including forms, publications, calculators and more: www.irs.gov.

Federal Deposit Insurance Corporation (FDIC):

  • How much is your bank account insured for?  This site will answer this and other questions you have about the Federal Deposit Insurance Corporation:  www.fdic.gov.

Learning Center:

  • Check out Potomac Financial Group's Learning center on this site.  Just click on the "Learning Center" and find a host of useful reports, articles, newsletters and calculators.

By clicking on the above links, you will leave our website. The link you have selected is located on another server. We have not independently verified the information available through this link. The link is provided to you as a matter of interest.