(Washington, DC) - People work a lifetime to accumulate the necessary funds to afford a comfortable retirement. Yet, as they approach retirement age, many things can happen. As we have recently seen, the economy can take a sharp downward turn. But in addition to the things we cannot control such as the economy, many people make poor investment decisions, fall prey to unscrupulous business practices, or lack appropriate insurance coverage causing significant financial losses from which they may not be able to recover. These are some of the challenges that will be addressed at the next “How Can I Afford Retirement? Investor Education in Your Community event on June 11, 2009 at 6 p.m. at the Howard University Law School, Moot Court Room at Houston Hall, 2900 Van Ness Street, NW. Tim Wesling, CFP®, will be the featured speaker on the topic of “Protecting Your Investments—The Best Defense is a Wise and Safe Investor.”
“Many people don’t prepare adequately for retirement because they are fearful they will make a mistake or be swindled,” said Wesling of the Financial Planning Association of the National Capital Area and keynote presenter at the June 11 investor education event. “Even a small bit of investor education about what to avoid will be very helpful in gaining the confidence to successfully prepare for retirement.”
The “How Can I Afford Retirement?” program is a series of free investor education events designed for individuals who are thinking about retirement or are recently retired. The purpose is to provide access to objective non-commercial information about investing for retirement so individuals can make informed choices, recognize and avoid misleading investment advice and scams, and learn ways to better manage their retirement investments.
Each event has several components including a topical presentation by a financial expert, a briefing on library resources, small group facilitated discussions and a question and answer session with financial experts. Each participant will receive a workbook recently published by the US Department of Labor titled “Taking the Mystery Out of Retirement Planning,” as well as other investment education materials.
“The numbers of people who keep returning to this seminar series shows that it is indeed filling an informational gap our residents may have been missing,” said DISB Commissioner Thomas E. Hampton. “DISB will look into continuing this series next year.”
The program is a collaboration of the DC Department of Insurance, Securities and Banking (DISB), DC Public Library, the Investor Protection Trust and the Financial Planning Association of the National Capital Area. The program is funded by a grant from the Investor Protection Trust, a nonprofit organization devoted to investor education. Since 1993, the IPT has worked with the states to provide the independent, objective investor education needed by all Americans to make informed investment decisions.
This program is free and open to the public. For more information and to register, visit affordretirement-dc.org or call (202) 290-2184.