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DISB Launches Month-Long Campaign to Improve Financial Health of District Residents

Friday, April 1, 2016
DISB will focus on providing District residents with tools to improve their financial fitness throughout month of April.

April is National Financial Capability Month and the District of Columbia Department of Insurance, Securities and Banking (DISB), the District’s financial services regulator, will offer free personal financial resources and education throughout the month to improve the financial fitness of District residents.

“Helping District residents and their families make informed financial choices is one of the most important things we do as an agency,” said Commissioner Stephen C. Taylor. “Every District resident should have a fair shot at managing his or her money with the right tools and opportunities. We encourage residents to take advantage of the free financial education resources provided this month and throughout the year.”

As part of the month’s activities, DISB is offering a free personal financial health assessment through its Bank on DC program aimed at helping District residents and families evaluate, understand and improve their financial health. It also connects participants with specific resources tailored to their needs. The assessment can be accessed here.

DISB also will provide financial education in the community throughout the month with a focus on seniors and youth. DISB will host eight “Money Smart for Older Adults” presentations in collaboration with the District of Columbia Elder Abuse Prevention Committee to help seniors avoid being victims of financial fraud. The agency also will participate in “Financial Literacy Reality Fairs” at two local high schools with Greater Washington Jump$tart to help youth learn how to make informed financial decisions at an early age.

DASH for the STASH, an investor education contest, also continues throughout April where District residents can test their knowledge on investment and retirement topics at participating DC Public Libraries for a chance to win a $1,000 contribution to open or add to an existing retirement account. More information on DASH for the STASH can be found by following this link.

In addition, DISB joined more than 20 other states to participate in the National Retirement Planning Week, April 11-15. During that week, DISB will share resources to help District residents and employees plan and save for retirement.

DISB also continues to encourage residents to seek free tax services at the Volunteer Income Tax Assistance (VITA) sites and to use the Earned Income Tax Credit (EITC) to lower their tax bracket and receive tax credits, if eligible. To learn more about the District’s EITC and how you can get your taxes done for free, see the section “Free Tax Services” on this page.

To view all of the DISB Financial Capability Month events and resources, visit this link. You can also follow us on Twitter @DCDISB and @BankonDC or on Facebook for free resources throughout the month.