While it is true that National Financial Literacy Month comes and goes without a parade or fly-over from a blimp, it is really a very good reminder of just how much each individual can do by taking an active role in their savings for retirement.
The pension partner for the University of Maine System is TIAA and building on the awareness that often accompanies an occasion such as National Financial Literacy Month, their investment professionals suggest a few simple steps to keep current with your retirement savings plans.
First, visit their Financial Literacy page at https://www.tiaa.org/public/land/nflmpart2017
Here you will find helpful tips on finding investment support and information on how to take advantage of potential tax benefits, ways to build up your savings and suggestions on what you might to remember as you make a plan for your investment efforts.
In keeping with TIAA’s theme for April, “A Little Knowledge Can Go A Long Way,” it’s really important to remember that you don’t have to be a financial expert to make smart decisions about your money. Take advantage of the tips, tools, and support that can help you improve your financial well-being throughout your life.
One of the smartest decisions you can make is to take advantage of the special support available through TIAA such as scheduling a meeting with a TIAA consultant. To see when a TIAA consultant will be visiting your workplace visit www.tiaa.org/schedulenow, select one of the available dates from the calendar and pick the time that works best for your consultation. Or call 800-732-8353 Monday - Friday, 8 AM - 8 PM (ET) to schedule an appointment.
Or, if you have just a few moments available, this month’s Sidebar Story on options for adjusting contributions to your retirement plan may be another great place to start.
Either way, you really don't have to be a financial expert to make smart decisions with your money!