Resources for Financial Planning and Education
As you make plans for you and your family, you need tools to help determine the amount required to fund your plans and to protect your assets. Saving for college, a home and retirement all take careful planning. Below are some links to tools to help you in your planning process.
Calculate a Budget-Home, College, Retirement, Healthcare
Visit this website for calculators to estimate how much money is required to: buy an auto, go to college, save for retirement income, pay for retiree healthcare. Choose to Save is a project of the non-profit Employee Benefit Research Institute.
Save For College
Maryland529 offers both a savings plan to attend nearly any college in the nation and a pre-paid plan designed for participants to lock in future college tuition at today's prices.
The Maryland Higher Education Commission's Office of Student Financial Assistance explains how to apply for aid and what types are available.
Information about filing and tax calculators are available from the Maryland State Comptroller's Office and the US Internal Revenue Service.
Information about protections for consumers and staying on top of mortgage payments is available at the website of the Maryland Department of Labor, Licensing and Regulation.
Maryland Coalition for Financial Literacy
The Maryland Coalition for Financial Literacy was formed in 2003 as part of the Maryland Council on Economic Education, a non-profit organization. Topics addressed on the website include budgeting, banking, borrowing, maintenance of credit, spending, saving and investing.
National Financial Education Network
The National Financial Education Network Database for State and Local Governments web site was developed by the National Association of Government Defined Contribution Administrators (NAGDCA) in consultation with the National Financial Education Network, a project of the Financial Literacy and Education Commission.
Topics addressed on the website include consumer protection, credit, saving, homeownership, insurance, investor protection, retirement, taxes and budgeting.