Savings Advice from the Dept. of Labor
The booklet “SAVINGS FITNESS: A GUIDE TO YOUR MONEY AND YOUR FINANCIAL FUTURE“, from the U.S. Dept. of Labor, shows you the key tool for making a secure retirement a reality: financial planning. It will help clarify your retirement goals as well as other financial goals you want to “buy” along the way. It will show you how to manage your money so you can afford today’s needs yet still fund tomorrow’s goals. It will help you make saving for retirement and other goals a habit. You’ll learn there is no such thing as starting to save too early or too late — only not starting at all! You’ll learn how to save your money to make it work for you, and how to protect it so it will be there when you need it for retirement. It explains how you can take the best advantage of retirement plans at work, and what to do if you’re on your own. Yes, retirement is a big purchase. The biggest one you may ever make. Yet you can afford it— with determination, hard work, a sound savings habit, the right knowledge, and a well-designed financial plan.
(Source: US Dept. of Labor, Employee Benefits Security Administration)