Financial Security: Retirement Planning

retired couple

Planning for retirement is a challenge for everyone. Again, the earlier you begin, the longer you will have to accumulate funds and capitalize on compound interest. A plan designed to meet specific retirement goals may be separate from or part of the investment building block.

Some people have given a great deal of thought to retirement, but others have not. Less than half (42%) of working Americans have made a retirement savings calculation, according to the 2006 Retirement Confidence Survey, …

Financial Security: Saving and Investing

Even though the words “saving” and “investing” are often used interchangeably, there are differences between the two.

Saving provides funds for emergencies and for making specific purchases in the relatively near future (usually three years or less). Safety of the principal and liquidity of the funds (ease of converting to cash) are important aspects of savings dollars. Because of these characteristics, savings dollars generally yield a low rate of return and do not maintain purchasing power.

time and money

Investing, on the other …

Financial Security: Children and Money

Children are not born with “money sense.” Children learn about money by example and experience, beginning at a very young age. Parents are an important influence on what and how children learn about money. It is never to early to start teaching sound money management skills. Begin teaching basic principles of money as soon as children can understand that money is needed to buy the things they enjoy.

Much of what your children learn about money is not from the …

Financial Security: Consumer Credit

Credit can be a successful financial management tool. Using credit allows you flexibility in managing your budget to purchase goods and services when they are needed the most, not when you have the cash on hand to pay for them. You are offered credit because people trust you to repay them within a stated period of time.

Example of credit cards, (c)
“Credit Cards” by, CC BY-NC-ND 3.0

Consumer credit takes many forms, including installment loans, credit cards, department store revolving charge accounts, home …

Financial Security: Consumer Education

Photo of hand removing cash from pants pocket


In the world of shopping both on the web and in the stores, it pays to be a knowledgeable consumer. By making wise decisions using your resources in exchange for goods and services, you can extend these resources. Being a smart shopper involves being informed when buyng a car or home, preventing identity theft, understanding credit, resolving problems after a purchase, and much more.

Photo credit: Pocket Change by Mike Schmid (CC BY-SA 2.0)



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Financial Security: Estate Planning

An estate plan is a plan for the disposition of resources and property after death or during crisis.

A will is one component of an estate plan. Although necessary to direct the distribution of assets after death, almost 70 percent of U.S. adults do not have wills. Many people think they do not need a will because they do not have many assets, or they think that preparing a will costs too much. Dying without a will is called dying …

Financial Security: Financial Planning Process

Financial planning is a process based on what each person considers most important based on his or her values and goals.

reading paper

A financial plan is really a coordinated series of plans that begins with goals and objectives reflecting values, attitudes, lifestyle circumstances, needs, and wants. The process helps individuals develop and implement financial moves to reach financial objectives.


Decision making is a very important aspect of the financial planning process. It is the key element in making choices about how …

Financial Security: Glossary

  • “Junk” Bonds
  • “Needs”
  • “Wants”
  • 12(b)1 Fee
  • 401(k) Plan
  • 403(b) Plan
  • AMEX
  • ATM
  • Account Maintenance Fees
  • Adjustable Rate Mortgage (ARM)
  • Adjustable-Rate Mortgage (ARM)
  • Adjusted Balance Method
  • Adjusted Gross Income (AGI)
  • Administrator
  • Advance Directive
  • Advance Directive for Health Care
  • Advance Directives for Health Care
  • Advance Health Care Directive
  • Allowance
  • American Stock Exchange
  • Amount Due
  • Annual Fee
  • Annual Percentage Rate (APR)
  • Annual Percentage Yield (APY)
  • Annual Report
  • Annuity
  • Appreciation
  • Asset
  • Asset Allocation
  • Asset Allocation Fund
  • Assets
  • Attested Will
  • Attorney-In-Fact
  • Auto Insurance
  • Automated Teller

Financial Security: Health Finance

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Health care includes medical and dental services, prescription drugs, and insurance costs. These costs have historically increased faster than the rate of inflation. By becoming an infomed consumer and making well thought out decisions regarding your health care, you can not only save money but receive quality care.



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  • Glossary Terms