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Department of Labor: 3 steps to help build your financial capability

Read the April 21, 2021, Department of Labor blog, "Building Your Financial Capability," by Ali Khawar,  acting assistant secretary for the Employee Benefits Security Administration, here:  

When it comes to saving for retirement, there is no such thing as starting to save too early or too late. A sound savings habit, the right knowledge and a well-designed financial plan can help you to afford retirement.  

Here are three steps that can help you get started: 

  1. Join the U.S. Department of Labor, U.S. Department of Education and Federal Trade Commission for a free webcast, Your Financial Future Starts Now, on April 27. Especially if you are a college senior or someone starting your career, this webcast will provide information on budgeting, setting financial goals, paying off student loans and managing your credit score.
  1. Explore our financial education resources online. Whether you’re learning how to budget or save for retirement, we have tips and tools to help you get started. Our online financial planning tools can help you assess your financial fitness and make a plan to save for retirement. These worksheets can help you calculate your savings goals and track your progress.
  1. Learn what retirement and health benefits your employer offers and take advantage of them. One of the easiest ways you can save for a secure retirement is by enrolling in your employer’s retirement plan.

This National Financial Capability Month, we want to help all Americans improve their financial well-being. Start now, even if you can only save a small amount, to create a good savings habit. It’s a challenge worth taking on!

For more information, visit the Employee Benefits Security Administration’s website.


To read Julie Jason's books, go to: https://juliejason.com/books/julies-books.