By Julie Landry
Director, Government Affairs
October is Financial Planning Month, and planning for the future has been on my family’s mind a lot lately. With two kids and a new house, the importance of saving for our future is more important than ever.
I worry not only about how we will we save enough, but will our investments and our finances be safe? I was recently a victim in the Equifax data breach and am still trying to work out how to safeguard my personal information. My confidence is not high that large financial institutions will be able to protect my information going forward, and I know that I will have to take steps to protect myself. I’m just learning about what all that entails - a new kind of financial literacy.
And with the recent news that the Securities and Exchange Commission (SEC) also had a data breach, I think it’s time that the government take those steps, too. The SEC breach is exactly the reason government agencies should not head in the wrong direction by forcing all documentation or communication to be online.
Financial planning is something that needs to be taught to young adults. It’s also something everyone must continue to educate themselves on as the world changes and our needs evolve. One constant that helps me keep track of all my important information is keeping paper copies. Planning for my family’s future financial well-being can be overwhelming, and I find it easier to track our trends on hard copies of documents. It’s also easier for me to pull out copies to review than to remember log-ins and find what I’m looking for.
It’s important to make sure your family is planning for the future. It’s also important to make sure that you always have a choice in how to receive information from government agencies, especially when it comes to your finances.