National Financial Capability Month 2017: How is Your Financial Literacy?

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April is National Financial Capability Month, 30 days dedicated to recognizing the importance of financial literacy for a stable future and teaching Americans to establish sound financial practices. Originating from initiatives to educate the youth on healthy financial habits, the Senate passed Resolution 316 in 2004 officially dedicating the fourth month of the year to financial literacy.

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Women’s Retirement

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A recent study from Financial Finesse, a California-based financial wellness company, reports that women fall short of the money they need for retirement. For the study, “Using an example of a median 45-year-old man and woman, the Think Tank looked at median incomes, deferral rates, retirement savings, life expectancies, and projected healthcare costs to determine how much each would need to save in order to replace 70 percent of their income in retirement.” Continue reading