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April is National Financial Literacy Month

National Financial Capability Month

DISB will focus on providing District residents with tools to improve their financial fitness throughout the month of April.

In recognition of National Financial Literacy Month, the District of Columbia Department of Insurance, Securities and Banking is offering educational programs and resources for District residents to help them assess their financial well-being during the month of April. See below for access to those resources and more.


Also, like us on Facebook or follow us on Twitter @DCDISB and @BankonDC to receive daily updates and tips throughout the month.

 

Press release: DISB to Offer Financial Education Programs, Resources in Recognition of Financial Literacy Month

 



Financially Fit DC, a comprehensive financial literacy program designed to empower residents to take control of their financial wellbeing. The program is anchored by a web-based tool that will allow residents to assess their financial health from the comfort of their homes. To access the program, please go to welcome.financiallyfitdc.com.

 


Money Smart for Older Adults - Senior Financial Fraud and Exploitation Presentations

DISB will host a “Money Smart for Older Adults Senior Financial Fraud and Exploitation” presentations in collaboration with the DC Elder Abuse Prevention Committee to help seniors avoid being victims of financial fraud. The program will focus on descriptions of financial scams that target the elderly and methods to help the elderly self-protect themselves from scammers. The program will also provide portions of training from “Money Smart for Seniors,” a financial education program developed by the Consumer Financial Protection Bureau and Federal Deposit Insurance Corporation. The event will be held April 19 from 12 p.m. to 1 p.m. at Seabury at Friendship Terrace, 4201 Butterworth Place, NW. Want DISB to host this presentation for seniors at your community location? Your can submit the request here.

 


Financial Education Classes

  • DISB’s Bank on DC program will be conducting financial education classes for residents young and old throughout the community to help connect them with more affordable banking options. Topics of interest include the importance of building a saving account and personal money management. To learn more, please follow on Twitter @bankondc or visit bankondc.org.

 

 


Dash for the Stash – Test Your Investor Knowledge for a Chance at $1,000 Towards Retirement

Play the “DASH for the STASH” contest at participating District locations for a chance to win a $1,000 contribution to open or add to your retirement account! DASH for the STASH tests participants’ knowledge on investment and retirement topics such as building a nest egg, fees and avoiding financial scams.

To play: residents go to participating locations to view the contest posters. Scan the unique QR codes to access the quiz questions and answer the questions using your smartphone or tablet. You can also submit responses online using your computer or via public computers at DC Public Libraries. Contest runs from April 18 – June 18. The contest is sponsored by the District of Columbia Department of Insurance, Securities and Banking and the Investor Protection Institute. For program rules, a list of participating locations and their operating dates,
click here.

 


Reverse Mortgages Seminar

DISB will host a reverse mortgage seminar to help educate seniors about the myths and realities of reverse mortgages. The seminar will be held on April 24 at 1 p.m. at Model Cities Senior Wellness Center, 1901 Evarts Street, NE. Want DISB to host this seminar for seniors at your community location? Your can submit the request here.

 

 


District of Columbia Government Employees Saving for Retirement

Did you know that if you are a District Government employee you can save for retirement by making tax-deferred contributions directly from your paycheck? You can contribute as little as $20 a paycheck. See the details about the District’s 457b Deferred Compensation Plan from ICMA-RC at this link.

 


More Savings Resources

Savings Calculators
Small Change, Big Savings Calculator
This
calculator provided by ICMA-RC shows how giving up a few everyday items can add up over time and increase your savings.

myRA
myRA is a retirement savings account provided by the U.S. Department of the Treasury. The account has no cost or fees, no complicated investments and is guaranteed. myRA was developed to provide individuals who don’t have access to a retirement savings plan at work and easy way to start saving. There are calculators that show how much you can save, how much to save per month to reach your savings goal and how my weekly savings add up. To sign up
click here.

Social Security Retirement Estimator
The
retirement estimator is a calculator provided by the US Social Security Administration to get an estimate of your retirement benefit based on your actual Social Security earnings record.

Make a Savings Plan
Did you know that if you create a savings plan you are twice as likely to reach your goal? To start your savings plan, join the Pledge to Save campaign by America Saves. To take the pledge,
click here.

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