JEFFERSON CITY, Mo. — As part of America Saves Week (April 8–12, 2025), Missouri Secretary of State Denny Hoskins, CPA, and the Securities Division are reminding Missourians of the importance of intentional financial planning — and the tools available to help protect their savings and investments.
While the Secretary of State’s Office does not directly regulate traditional savings accounts, the week presents a valuable opportunity to raise awareness about the intersection of personal saving and investing — particularly when it comes to retirement planning and protecting vulnerable investors.
“Financial intention is about more than saving money — it’s about protecting it,” said Secretary Hoskins. “Whether you’re planning for retirement, managing an inheritance, or investing for the first time, you need to do so with care, intention, and the right partners.”
The Office of the Missouri Secretary of State encourages Missourians to:
- Add a Trusted Contact to brokerage accounts. In conjunction with the Missouri’s Senior Savings Protection Act, state and federal law, empowers financial professionals to delay disbursements and alert a designated Trusted Contact if they suspect exploitation. “Adding a Trusted Contact is one of the simplest and most effective steps investors can take to protect themselves or their loved ones from fraud and financial abuse,” said Securities Commissioner Michael O’Donnell.
- Be cautious when rolling over a 401(k). If you’re considering moving retirement savings from a 401(k) to an Individual Retirement Account (IRA), it’s critical to vet the broker or investment adviser you’re planning to work with. You can research a professional’s background at https://brokercheck.finra.org, or call the Securities Division’s Investor Protection Hotline at (800) 721-7996 for help.
- Understand that consistent, intentional saving is key. Align your financial goals and risk tolerance, and don’t fall for “get rich quick” schemes that promise guaranteed returns.
“Saving and investing can be powerful tools for building a more secure future — but only when done wisely,” said O’Donnell. “During America Saves Week, we’re reminding all Missourians that it’s not just about how much you save, but how you protect and grow those savings over time.”
For more investor education tools and to report concerns, visit https://www.sos.mo.gov/securities.
To explore savings tips and resources during America Saves Week, visit https://americasavesweek.org.
