From the Department of Labor
Many of us are living longer and will have healthier and more active years in retirement. That makes saving for retirement even more important.
Don’t let the math put you off. EBSA’s Savings Fitness online worksheets make it easy: Enter your information, and the calculations are done for you. In recognition of National Hispanic Heritage Month, we are pleased to share with you the online worksheets in Spanish, as part of our publication Su Dinero y Futuro Económico.
- set financial goals,
- calculate your net worth,
- estimate how much to save for retirement,
- develop a cash flow spending plan (budget), and
- make a plan to reduce debt.
In addition, we are holding a webcast in Spanish on September 18 to walk you through the worksheets and give you a chance to ask questions. Please join us. An archived English-language webcast is available on EBSA’s website.
Retirement may seem like it’s a long way off. But the best time to save, regardless of your age, is now. The earlier you start, the more prepared you’ll be when you are ready to retire. If your employer sponsors a retirement savings plan, that is a great place to save. However, not everyone can; only 54 percent of all America’s workers and 38 percent of Hispanic workers have a retirement plan at work. If your employer doesn’t offer a plan, it is even more important that you save on your own.
Regardless of whether or not you have started to save for retirement, and whether you need the information in English or Spanish, EBSA has some tools to get you started, answer your questions and track your progress.
The important thing is to get started today. Fill in your information, let the worksheets do the math, and take the first steps towards a secure retirement.