The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer.
Investor Resources for Adults and Families
Basics of Savings and InvestingWhen saving, you use financial instruments to safeguard and accumulate funds for short term spending goals. Saving instruments typically earn interest, have minimal or no risk to principal, emphasize safety and liquidity, but are subject to inflation risk.
When investing, you use financial instruments to grow your money for long term goals such as retirement. Investing products allow you to gain a profit through interest, dividends, and/or increase in value, but your principal is at risk of loss. Each type of investment carries a certain level of risk. Understand how the investment works and if it's right for your age, investment objectives, and risk tolerance.
Before you even think about investing, it is recommended to maintain a "rainy day fund," an emergency fund with money that is liquid (easily accessible) and the principal is not at risk. Read more about getting started on the path to saving and investing.
Financial Empowerment for Women
Many women face money challenges during their lifetime— marriage, divorce, job loss, retirement, sending kids off to college, and other changes to their own or their family’s financial circumstances. And generally speaking, a woman's longevity presents another challenge of not outliving her nest egg. Knowing how to prepare for these life transitions and challenges is important.
- Check out wiserwomen.org from the nonprofit Women’s Institute for a Secure Retirement ("WISER"), especially its investment 101 tutorial.
- Websites that offer software to track spending and set up budgets.
- Check your credit score. You can check your credit report with the three credit bureaus—Experian, TransUnion, and Equifax—for free once a year. See more information at USA.gov regarding credit reports and scores.
For important tips for women about their retirement savings, read this handy resource by the U.S. Department of Labor.
Smart Saving for College: Better Buy Degrees Guide
529 Plan and Other College Saving Options: This guide, published by FINRA (Financial Industry Regulatory Authority), discusses your options to saving and investing wisely for college. Some important topics include:
- College Costs are Rising--Are You Keeping Pace?
- Loans--Know the Cost
- Education Benefits for Service members--Post 9/11 GI Bill
- College Saving While Saving Taxes
- Tips for Choosing College Savings Options
Department of Licensing and Regulatory Affairs (LARA)
Corporations, Securities & Commercial Licensing Bureau (CS&CL)
Securities and Audit Division
Address: PO Box 30018, Lansing, MI 48909
Overnight Mail (FedEx/UPS): 2407 N. Grand River Ave, Lansing, MI 48906
Phone: (517) 335-5237
Fax: (517) 763-0039