MyMoney Resources - Life Events

The SEC offers online publications that help seniors understand the vast array of investment products and how to avoid investment fraud. In-person presentations explain the red flags of investment fraud and how to check the background of investment professionals.

The Young Entrepreneurs course provides online training by the Small Business Administration (SBA) to help young entrepreneurs identify good business options and to give guidance on the first steps toward creating a business.

These CFPB toolkits help social service organizations, legal aid providers, and similar groups assist their clients in addressing financial challenges like budgeting, debt, and credit.

These CFPB online resources and tools show the steps child welfare caseworkers and their agencies can take to help ensure that youth in foster care start their adult lives with healthy credit. Tip sheets explain how to detect identity theft or fraud, and how to resolve inaccuracies in credit reports. The CFPB also provides sample letters for disputing credit report errors on behalf of youth in foster care.

This CFPB web page provides parents and caregivers activities and conversation starters to help children develop money skills, habits, and attitudes that can serve them well as adults.

The CFPB’s Managing Someone Else’s Money guides include four guides for four different fiduciary capacities: agents under power of attorney, court-appointed guardians, trustees, and government fiduciaries. Each guide contains information on fiduciary responsibilities and tips on how to spot financial exploitation and avoid scams. Also, each guide includes a “Where to go for help” section with a listing of relevant agencies and service providers. State-specific guides have been developed for six states: Arizona, Florida, Georgia, Illinois, Oregon, and Virginia. These guides provide information about the state’s unique laws and practices, as well as state-specific resources.

This report summarizes the findings from the Federal Reserve Board’s 3rd annual Survey of Household Economics and Decisionmaking (SHED), which aims to capture a snapshot of financial and economic well-being of U.S. consumers and identify potential risks to their financial stability. Topics covered include financial well-being, income and savings behaviors, economic preparedness, access to banking and credit, housing decisions, auto lending, education, student loans, and retirement planning.

Following a rigorous research effort to develop a consumer-driven definition of financial well-being, the CFPB developed and tested a set of questions–a “scale”–to measure financial well-being. The scale is designed to allow practitioners and researchers to accurately and consistently quantify, and therefore observe, something that is not directly observable–the extent to which someone’s financial situation and the financial capability that they have developed provide them with security and freedom of choice. This guide describes the research behind the CFPB Financial Well-Being Scale and provides detailed steps for using it, including how to score individuals’ responses and compare their scores.

Integrating financial education throughout the K-12 experience represents a promising opportunity to reach consumers at a pivotal point in their development and their financial lives. This resource guide is meant to help connect policymakers with tools, information, and insights to enhance K-12 financial education efforts. While the guide is targeted at policymakers, the guide was designed to benefit all members of the financial education community. The guide’s framework for advancing K-12 financial education has three main sections: laying the groundwork, building the initiative and extending the impact. Each section contains guiding questions for policymakers to consider, case studies, and a resource directory with additional information. While each circumstance is unique and may require different approaches, policymakers can use the guide as a resource to identify the best approach for their community.

A guide from the Consumer Financial Protection Bureau to help consumers retiring from a traditional pension plan navigate their payout options. The guide gives near-retirees the information they need to understand the trade-offs of taking their pension in a monthly payment or in a lump sum. The guide also provides tips and warnings about how to protect and best manage their lump-sum money.