Do you or someone you know have a major financial decision to make, such as paying for college, buying a home or planning for retirement? Then be sure to visit majorfinancialdecisions.org, a new website launched by the Federal Reserve Bank of Richmond.
Majorfinancialdecisions.org is a clearinghouse of resources and links to external tools and information that lets consumers consider those three areas of financial decisions. Each section offers a calculator and tip sheet to help you figure out your costs. The site offers visitors “one-stop shopping” of a selective array of free financial planning resources.
“This is another way that we’re helping people make informed decisions on key financial issues,” said Urvi Neelankantan, a research economist in the Richmond Fed’s Community Development department. “Majorfinancialdecisions.org is a centralized resource that’s easy to use, whether you’re going to college, buying your first home or planning your retirement.”
Majorfinancialdecisions.org is one of the tools the Richmond Fed will be highlighting as part of Financial Literacy Month, which is in April. Financial literacy is an ongoing effort that the Fed promotes in many ways, such as through economic education programs, The Fed Experience and Community Development outreach programs.
The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.