We encourage saving for retirement, but there are reasons to save for every stage of life. A great place to go for help is www.mymoney.gov (the official U.S. government’s website dedicated to teaching Americans the basics of finances.) Whether you are looking for information about buying a home, balancing your checkbook, or investing in your 401(k) plan, the resources on www.mymoney.gov can help you.
The Ballpark Estimator at www.choosetosave.org/ballpark is another excellent online tool. It makes complicated issues, like projected Social Security benefits and earnings assumptions on savings, easy to understand.
If you have to choose between scrubbing down the house or scrubbing your budget to get your financial house in order, we recommend putting off the cleaning one more day. Get started on planning your future right now at www.socialsecurity.gov.
Charo Boyd is Social Security public affairs specialist for east central Indiana. Her column appears every other Monday on the Business page.