Published: September 20, 2008
AARP Joins Experts to Take Aim at Retirement in a Tough Economy
CHICAGO, Sept. 20 /PRNewswire-USNewswire/ -- In a tough economic climate,
Americans are finding it increasingly difficult to cope with emerging
financial challenges, and at the same time continue planning for their
retirement. To help tackle these issues, AARP today teamed up with national
and state experts to provide citizens with critical information on how to
invest, manage credit and debt, protect their assets, guard against fraud and
save enough money for a secure retirement.
Working with the U.S. Department of Labor Women's Bureau, the Office of
Illinois State Treasurer, National-Louis University's Center for Positive
Aging, Brookdale Senior Living and other sponsors and supporters, AARP hosted
the "It's Your Money, Your Life" personal finance conference at NLU's Lisle
Campus.
The day-long event provided attendants with timely information on basic
investing, credit and debt issues, retirement planning, fraud and identity
theft and work benefits through several workshops. The conference also
featured State Treasurer Alexi Giannoulias, AARP's national Manager of
Financial Security Outreach Kelley Coates-Carter, and Chicago Tribune's
personal finance columnist and author Gail MarksJarvis.
"In tough economic times, Americans need to have access to critical
information and resources to tackle pressing financial issues as well as to
plan for a secure retirement," said Coates-Carter. "AARP believes all
Americans should have the peace of mind that comes from lifetime economic
security. That's why we're glad to team up with our partners inIllinois to
offer individuals information and tools that will help them get financially
fit now and in the future."
"With the recent drop in the stock market, foreclosures on the rise and a
recession on the horizon, people need to know the basic steps they can take to
recession-proof their finances. People need to be smart about saving, invest
in their careers and remember that their retirement age -- not market swings
-- should dictate their retirement planning strategies," Giannoulias said.
"Most Americans worry that they can't save enough, and are afraid of
investing. The misconception is tragic. A person who saves just $20 a week
early in life can end up with close to $1 million if the follow some simple
investing steps. Investing isn't rocket science. Even people afraid of math
and ignorant about business can be very successful," remarked Gail
MarksJarvis.
SOURCE AARP
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