How much do you like Iron Maiden?
Iron Maiden are an English heavy metal band formed in Leyton, East London, in 1975 by bassist and primary songwriter Steve Harris. The band's discography has grown to thirty-eight albums, including sixteen studio albums, eleven live albums, four EPs, and seven compilations.
The more you learn about your money, the more comfortable you will feel as you transition into retirement. The following seven websites offer educational material and online investment classes that make you smarter about your money.
NAPFA (National Association of Personal Financial Advisors) is an association of fee-only advisors. Advisors who sell products or collect commission of any kind cannot belong to this organization.
NAPFA hosts a series of free webinars (online investment, tax and financial planning classes) available to the public. Every month they offer a different topic led by an expert in that subject matter. You would normally pay $100 – $300 an hour for these expert’s time.
Check out their Upcoming Webinars every month and make the time to listen, watch, and learn.
2. Recorded online classes on YouTube
Dana Anspach, MoneyOver55 Expert, and the author of this article, teaches free online classes through her company, Sensible Money, LLC. Class topics and times vary from month to month. The classes are educational in nature. Many of the classes are recorded and posted to YouTube. Investing basics and key retirement income planning concepts are covered regularly.
On YouTube check out her most popular recorded class, How to Invest for Retirement.
3. Visit Vanguard’s Plain Talk® on Retirement
This investment class covers much more than investing.
Vanguard has laid out this online investment course in a series of choices that allow you to click through to the topics and issues most relevant to your stage of life.
The investment and retirement courses come with calculators and quizzes that help you find answers to your specific questions. If you only visit one online investment course, this would be the one to spend time on.
The course starts by allowing you to click on any of the following topics:
- I’m already saving or just starting to save. Topics under this link help you figure out how much you should save and how you should invest.
- I’m preparing to retire. Contains course material on everything from preparing your portfolio to showing you how much you can withdraw in retirement.
- I’m retired. Among other things, this course teaches you how to evaluate withdrawal strategies that will help your money last longer.
- Retirement planning tools. Great calculators and quizzes that help you determine the right decisions to make regarding IRA distributions, company stock and much, much more.
Each choice above leads you to specific educational material written just for that stage of life.
4. Try CNN Money’s Retirement Essentials
This investment course is laid out in article format with a series of steps that cover how much to save, how to invest, employer-sponsored plans, changing jobs, and withdrawals. The online class provides a general overview of things to consider as you near retirement. It’s great entry level material, but doesn’t get into the specifics that the Vanguard online investment course provides.
The course contains the following lessons:
- How should I invest?
- Employer sponsored plans
- Changing jobs
- Withdrawals in retirement
5. Check out Morningstar Investment Classroom
Morningstar’s investment classroom provides great lessons specific to the topic of investing. The investment courses contain lessons grouped into the following categories:
Each series of lessons starts with the basics and then delves into the details; covering topics such as taxes, investment fees, interest rates, and a section devoted to what matters and what doesn’t. If a portion of your retirement income will come from your investments, I highly recommend you go through the Morningstar investment classes.
6. Visit Motley Fool’s Investing 101
Motley Fool’s Investing 101 is structured more like a series of articles that provide all the basics about investing.
They are grouped in the following topics:
- Why should I invest?
- How do I invest?
- What should I invest in?
- When is the right time to invest?
Each article above lays out investing concepts in simple, easy to understand terms.
7. Too Young To Retire – Helps You Consider Alternatives to Traditional Retirement
The Too Young To Retire website has the following course description, and I can’t describe this great class any better than they do.