The U.S. Social Security Administration is celebrating Hispanic Heritage Month this year with some informational retirement resources for Latinos in both English and Spanish.
It’s never too early to start saving for retirement, yet as a group, Latinos have historically low participation in retirement savings plans. Hispanics overall tend to have less access to employer-sponsored retirement plans; in fact, about two-thirds of Latinos work for companies that do not offer a retirement plan.
Saving for retirement from an early age helps retirees put themselves in a stronger financial position, and because it’s never too early to start saving for retirement, the new retirement estimator from the Social Security Administration provides an estimate of your Social Security retirement benefits to help you plan.
The Social Security Administration also teamed up with Don Francisco from Sábado Gigante to help spread the word about the importance of saving for retirement and the Spanish-language resources the Social Security Administration has for Latinos.
This Hispanic Heritage Month, do the smart thing and start planning for your retirement!