Benefits February 15, 2006

DoL Offers Retirement Planning Booklet

February 15, 2006 (PLANSPONSOR.com) - The Department of Labor's (DoL) Employee Benefit Security Administration (EBSA) has released a publication to help those near retirement calculate the resources they will need in retirement.
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In its press release, the EBSA said t he publication, “Taking the Mystery Out of Retirement Planning,” is designed to assist individuals who are within 10 years of retirement calculate their income, savings and likely expenses in retirement.

Although targeted to individuals approaching retirement, the booklet is also useful for recent retirees, the EBSA said. The publication includes worksheets that allow the user to evaluate current assets and expenses; project future assets and expenses, and determine what additional resources are needed to meet their retirement lifestyle.

There also are discussions on methods of saving, investment options, expense considerations and how to make your assets last throughout retirement. An extensive resource section provides other sources of information on retirement, savings and investment issues.

Free copies of the booklet are available by calling EBSA’s toll-free number at1-866-444-EBSA (3272), visiting the agency’s Web site at www.dol.gov/ebsa (under publications), or from the Federal Citizens Information Center at 1-888-878-3256.

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