On Monday, April 5th, the SEC’s Office of Investor Education and Advocacy (OIEA) made an announcement in line with National Financial Capability Month to encourage investors to take the time to visit
Investor.gov and utilize an array of resources to become educated about investing. These efforts are intended for all investors but are especially targeted at investors who are new to investing. April has been highlighted by the US federal government as National Financial Capability Month in order to promote the value of high-quality financial education as a means to enrich American lives.
OIEA would like to remind investors of the following resources:
OIEA has more resources, including information about understanding mutual funds and ETFs that focus on environmental, social, and governance principles (ESG funds), a guide to reading companies’ annual reports, and a webpage focused on aiding investors in choosing a financial professional. There are also free tools available to help investors set investment goals, including a Compound Interest Calculator, a calculator for IRS required minimum distribution from retirement accounts by age, and other tools that analyze mutual funds, retirement goals, and 529 accounts.
As a member of the Financial Literacy and Education Commission, which sets strategic direction for policy, education, practice, research, and coordination, the SEC encourages all investors to use the tools available to make informed financial decisions.
Sources:
SEC Promotes Investor Awareness During National Financial Capability Month (sec.gov)
Investor.gov (investor.gov)
