If you’re new to the workforce or graduating college this spring, attend a free webinar sponsored by the Department of Labor where you’ll learn to plan for your financial future.
You’ll learn about tools for budgeting, student loan repayment options and how to make the most of employer-provided retirement and health benefits.
Sign up now and join the event Friday at 1 p.m. ET.
Use calculators and worksheets on Investor.gov to help evaluate your finances.
Here are just a few of the tools you’ll find:
- 401(k) and IRA Required Minimum Distribution Calculator: After age 70½, you are generally required to start withdrawing money from your IRAs and 401(k)s. Find out the minimum amount you’ll need to withdraw, depending on your age and the value of your accounts.
- Compound Interest Calculator: Find out how much your money can grow, using the power of compound interest.
- Social Security Retirement Estimator: Get personalized benefit estimates to help you plan for retirement.
- Worksheet for Determining Your Net Worth: Use this worksheet to list your assets and debts.
- Worksheet for Tracking Your Income and Expenses: Keeping track of your income and expenses will help you stay on track with your financial goals.
Once you know your current financial situation, you’ll be in a better position to plan for the future.
Whether you’re getting close to retirement or planning for the future, you can estimate your Social Security benefits.
The estimator gives you an idea of what your monthly Social Security benefits would be, based on your current record of Social Security earnings. Your actual benefit amount cannot be determined until you apply for benefits.
As you plan for your retirement, keep in mind that you’ll need 70-90 percent of your pre-retirement earnings to maintain your standard of living when you stop working. Social Security benefits will only make up a part of this percentage and should be supplemented by a pension, savings, and/or investments. Check out 10 Ways to Prepare for Retirement.