MyMoney Resources - Individual

Planning for retirement is crucial for both business owners and their employees. This resource provides an overview of different retirement plan options available to small business owners, including 401(k) plans, SIMPLE IRAs, and SEP IRAs. It outlines the benefits of each plan, eligibility requirements, and key considerations to help business owners select the best option for their company and workforce. This guide ensures that small business owners can make informed decisions to secure their financial future and support their employees’ long-term savings. Available in English and Spanish.

Losing money or property to scams and fraud can be devastating. Our resources can help you prevent, recognize, and report scams and fraud.

Your credit reports and scores have an impact on your finances. Our resources can help you better understand them, learn how to correct errors, and improve your credit record over time.

A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code. There are two types of 529 plans: prepaid tuition plans and education savings plans. All fifty states and the District of Columbia sponsor at least one type of 529 plan. In addition, a group of private colleges and universities sponsor a prepaid tuition plan.

Find help for your situation. Get mortgage help if you’re struggling. Take action if you’re in forbearance. Get help if you’re a renter.

Internal Revenue website with information on Economic Impact Payments and Coronavirus tax relief updates.

The CFPB is committed to providing consumers with up-to-date information and resources to protect and manage their finances during this difficult time.

An Achieving a Better Life Experience (ABLE) account is a type of tax-advantaged savings account that an eligible individual can use to pay for qualified disability expenses. The eligible individual is the owner and designated beneficiary of the ABLE account. An eligible individual may establish an ABLE account provided that the individual is blind or disabled by a condition that began before the individual’s 26th birthday.

These synopses are intended only as aids to the reader in identifying the subject matter covered. They may not be relied upon as authoritative interpretations.