Financial

5 Tips to simplify retirement planning with social media

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Before the age of the internet and social media, planning for your retirement may not be a breeze since you need to study many books, consult many advisers and talk to many experts about it. But during this time, the task is actually simplified since you already have access to retirement planning with social media - by just one click! There are, of course, mobile applications and networking sites such as Facebook and Twitter that provide you with online calculators and give you a series of educational know-how’s about retirement. All of these availed right in a jiffy.


Here are just some of the social tools you can use to set your financial goals right on track and to give your retirement plans a brand new design.

1. Look at the trends and the news- Years ago, you need to labor and read many books as you can so that you will know the economic developments going on - which can be time-consuming as well. Now with the newest applications, all you have to do is to log on to Twitter and get financial advice from experts with just a click of your finger. Follow them as friend, as well as the companies that give financial advice to those who need it. You are sure to get good advice about your portfolio and you can follow updates from the Social Security Administration too.

2. Think about education yourself- When it comes to retirement planning with social media, check out different resources from financial experts or savvy advisors - all online. Add them as friend, follow them on their accounts and you will be introduced to a world of resources set on educating people like you. When it is time to compute how much you need to save for your retirement plans, there are also online calculators that can help you with this. It’s as easy as counting numbers on your fingertips.

3. Ask a question- If you have questions related to financial planning and retirement goals, there are online sites which can provide you with answers. Sites such as Yahoo! Answers, About.com or Quora can give you what you want, plus people who are knowledgeable about these matters can also share their insights and opinions. You can also download a free mobile application to your phone and start browsing for answers.

4. Talk about taxes- Government bodies are already online. With the IRS, download their free IRS2GO on your phone or on your android and you can manage your taxes at a minimum. You can also sign up to receive tips on tax preparation and planning, access the Twitter feeds on tax loss or check your refund status. With your taxes right at your fingertips, you don’t have to worry about the April 15 deadline anymore.

5. Be online everyday and surf the internet- Don’t worry if you think you are already beyond your age to have a Twitter or Facebook account. In fact you are in good company since many people your age are also online. You can gather together and talk about retirement planning with social media.

Joy is an active blogger who is fond of sharing interesting finance management tips to encourage people to manage their personal finances. More specifically, she advocates that people should have a credit check regularly.

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