How Can I Afford Retirement? Boomers, Libraries and Investor Education

How Do I Afford Retirement
Boomers, Libraries, and Investor Education
presented by the BPL
Carol Greenfield
Laura Pattison
Cynthia Sullivan

Grant funded project.

Background
Libraries as resources for baby boomers, objective financial information
Investor proctor Trust funding, investor education fr your community, how can I afford retirement

Goals:
1- provide people age 50-0 with access to non commercial impartial information on which to base soind retirement investment decisions
2- to facilitate greater understanding by people 5o-70 of their retirement finances and the risk that their resources will be jeopardizes by appropriate decisions
3-to create a repricale model for Investor Education @ your Library that specifficall adresses the financial management of people ages 5-70

Project Components
Multi-faceted Educational Program
4 part investor education series focused on the theme of "You can do it"
each event includes:
topical presentation by an expert
reference librarian briefing on lbrary resources
small grooup peer facilitated discussion
Q & A session with panel of experts

So Far So Good
developed a pilot curriculum at Central Library in spring 2008
Branch roll out bean fall 2008
Well attened, well received

Keys to Success
Partnerships
Programs
Publicity
Protection

Partnerships
FPA-MA Consumer Awarness Group- provides fianancial experts as speakers and for Q & A
Investor Protestion Trust- for general guidence and coordination with hte Investor Protection in your community.
Massachusetts Scuritties Division for vetting of spekers and advisory role in ensuring strict standards
Advisory group for guidence on all aspects especially program development and publicity

Library partnerships
trusted information source
development of resource lists
collection development
library briefing at Session
Particiption in Q & A

Development of resource Lists
Discussion and resource Guide for each session
Focus n current publications and "classics"
selected print and online resources
collection development

Website
Resource guide web listings, easily abvailable
"selected Business website by subject" (retiirement)
revelent topics e.g. Broke check, Investor protection, Jobs for older adults
creation of web pages for www. affordretirement.bpl.org

Program Curriculum
Session 1- taking the Mystery out of Retirement Planing
Session 2- Closing the Gap: Investment and Expense Stratigies-Evenfor late Starters
Session 3- Investing Wisely to Avoid the fiancial Rick of Longer Life Expecatncy
Session 4- Protecting you investments- The Best Defense is a wise and Safe Investor

Additional Online Session
US Department of Labor- online worksheets for "taking the Mystery Out Of retirement Planning"
Social Security administration- online SS Estimete
Kirstein Business Branch-BPL Online resources

This progam is expanding to other Massahsusets Libraries , Washington DC, Jacksonville, FL, Arkansas ad Minnisotta

For more informtion: affordretirement @bpl.org
617-859-2241


Sessions are stand alone however build on each other
Takes 2-3 months, sessions are 2-3 weeks apart for about 2.5 hours