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District Resident Wins $1,000 Retirement Plan Contribution in Investor Education Contest

Friday, September 9, 2016
DASH for the STASH tested District residents’ knowledge on investment and retirement topics

The District of Columbia Department of Insurance, Securities and Banking announced that a District resident was the winner in the 2016 DASH for the STASH investor education and protection program and contest conducted in partnership with the Investor Protection Institute (IPI).

DASH for the STASH, a “scavenger-hunt”-like contest, tested District residents’ knowledge on investment and retirement topics such as building a nest egg, fees and avoiding financial scams. A 49-year-old District resident, who played DASH for the STASH at the Georgetown Neighborhood Library, was awarded a $1,000 individual retirement account (IRA) contribution as the winner of this year’s contest.

“DISB takes our financial and investor education role very seriously and hope that fun, interactive programs like DASH for the STASH will help make District residents smart and safe investors and improve their overall financial fitness,” said Commissioner Stephen C. Taylor. “I would like to thank DC Public Library for featuring the contest in many locations and the Investor Protection Institute for providing this valuable investor education tool for our residents.”

The DASH for the STASH contest was featured in each Ward across nine DC Public Library locations. To be considered for the prize, participants had to answer all questions correctly from four quizzes featured on weekly posters in the libraries or online from March 15 – May 15, 2016.

“What I liked about participating in the DASH program was discovering that there are straight-forward, easy and unbiased ways to educate more people about their own personal finances,” said the District of Columbia winner.*

“Staying true to our mission of educating individuals to be wise and safe investors, the DASH for the STASH program has proven to be an effective way in the District of Columbia and elsewhere to engage communities in multiple jurisdictions,” said IPI President and CEO Don Blandin. “We look forward to being an educational resource for DASH participants in the District and around the country in the future.”

To read more about the DASH for the STASH program, follow this link: http://disb.dc.gov/page/dash-stash-contest

*The winner chose to remain anonymous.