ASEC Mission: To make saving and retirement planning a priority for all Americans.
From the American Savings Education Council (ASEC):
- We realize this goal by educating the public about all aspects of financial security through our coalition of major public- and private-sector partners.
- For more about ASEC, download this brochure
September 29, 2008
Investing in Turbulent Markets, Advice from CFA Institute
ASEC Partner, CFA Institute has issued a press release providing Top Five Facts for Investing in Turbulent Markets.
- Having an investment policy statement makes weathering financial storms easier.
- Knowledge (of your risk tolerance) is power.
- Investing in a diversified portfolio of securities rather than individual stocks mitigates risk.
- The fundamental principle of investing is buy low and sell high.
- Frequent trading can be costly.
As we go through these troubling times please keep in mind, all bad things must come to an end.
September 24, 2008
Two New Publications from the Office of the Comptroller of the Currency
Community Developments Insights report which looks at bank participation in the SBA’s 7(a) Loan Guarantee Program. By reducing lender risk, this $17.5-billion-a-year initiative helps banks supply credit to small enterprises nationwide. The report highlights how banks can use the 7(a) program to develop new business, mitigate risk, and help meet their Community Reinvestment Act goals.
The Fall 2008 edition of Community Developments Investments focusing on Multibank Community Development Corporations (CDC).
September 19, 2008
Investor Alert from FINRA--If Your Brokerage Firm Closes Its Doors...
Given the turbulence affecting the financial services industry these days—including recent announcements concerning Lehman Brothers—you may be wondering what would happen to your securities account if your brokerage firm closed its doors. ASEC partner FINRA, The Financial Industry Regulatory Authority, has put out an Investor Alert to give you some guidance. In the investor Alert you will find guidance on questions such as:
- What happens to my account?
- If my firm fails what do I do?
- What happens if SIPC protection is invoked?
- SIPC liquidation: Step-by-Step
- Outline of the major differences between SIPC and FDIC
- An investor checklist with steps investors can take in advance to minimize the chances of being involved with a brokerage firm that ends up in financial distress.
- What is FINRA’s role?
As we go through these troubling times please keep in mind, all bad things must come to an end.
September 19, 2008
National Campaign on consumer Credit
On September 16th the U.S. Department of Treasury along with the Ad Council, launched a new campaign to combat the issue of excessive debt and financial literacy. The PSAs (both TV and radio) urge young adults to take control of their financial decisions by directing them to www.controlyourcredit.gov which will provide information about credit and personal finance.
CAMPAIGN OBJECTIVES:
- Encourage young adults to think twice about spending in the moment and to seek more knowledge about how their behavior can affect their credit history and immediate future.
- Teach how overspending may “cost” them more than they think. It can cost them a job, a car loan, or an apartment. It can also cause public embarrassment.
- Direct young adults to www.controlyourcredit.gov which features an interactive, educational game to explain the importance of having a good credit score and how it can be improved.
TARGET AUDIENCE:
The campaign targets young adults, ages 18-24, who are just starting to be financially independent and are experiencing debt and other forms of financial distress for the first time. Many do not have the knowledge about basic credit facts and have not been taught the importance of good credit and the negative impact of bad credit.
September 19, 2009
Employee Benefits Simplifier Tool
EBRI member and ASEC partner, MetLife, announced today a new on-line tool to assist employees in making decisions about their benefit plans. The tool is a free educational tool and does not solicit any product.
What employee benefits should I enroll in this year? If you are not sure which employee benefits are right for you MetLife developed a tool to help make these decisions easier for you during the open enrollment period. The Employee Benefits Simplifier Tool will help you make the most of your employee benefits. It will help you with such questions as:
- Should you consider and HMO or PPO medical plan
- Should you get more disability insurance
- What other types of benefits should you consider
It only takes a few minutes and it does not matter whether you get your benefits from MetLife or not. Remember open enrollment is only once a year and your workplace benefits provide the foundation for your personal safety net.
August 25, 2008
New Episode of Savingsman
In the latest episode Savingsman battles a new villian, The Sub-Primate!!
Log on to Choose to Save's PSA Viewer. Scroll down to Savingsman Ep 8.
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