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How Can I Afford Retirement? Free investor education programming for baby boomers plus to launch at the Boston Public Library this Spring
January 18, 2008

In April 2008, The Boston Public Library will launch a major new educational initiative called “How Can I Afford Retirement? Investor Education at the Boston Public Library.”

Funded by a grant from the Investor Protection Trust, a nonprofit organization devoted to investor education, this program was created in collaboration with the Massachusetts Securities Division and the Financial Planning Association of Massachusetts.

The program is designed for individuals at all levels of investment knowledge who are either approaching retirement or are recently retired. The purpose is to provide access to objective, non-commercial information about investments so individuals can make informed choices, recognize and avoid investment fraud, and learn to better manage their retirement finances.

“In January, the first baby boomer officially becomes eligible for Social Security. ‘Will I have a gap between income and expenses during retirement?’ is only one of the many important questions that people need to ask in preparing for the years ahead. Libraries can play a key role as an important access point for both education and information on investing for and in retirement,” noted Bernard A. Margolis, President of the Boston Public Library.

Each event will have several components including a presentation by a financial expert, information on library resources, and a small group facilitated discussion. Individuals will also have an opportunity to meet one-one for a free, strictly non-commercial consultation with a financial advisor.

"Libraries are a trusted source of information,” said Don Blandin, IPT president and CEO. “That trust makes libraries the ideal environment to teach and learn about the process of investing safely and wisely for a secure financial future.”

The first four events in this series of free investor education programs will be held April through June at the Copley library. Beginning in the Fall of 2008, programming will also be held at several branch libraries. The topics include:
• Can I Afford Retirement?
• Closing the Gap: Investment and Expense Strategies for Late Starters
• Managing Your Investments Wisely for Long Life Expectancy
• Protecting Your Retirement Investments

Free and open to the public, pre-registration is requested by phone at 617-859-2241 or by email at affordretirement@bpl.org. For more information, visit the website at affordretirement.bpl.org.

This project is funded by a grant from the Investor Protection Trust (IPT). The IPT is a nonprofit organization devoted to investor education. Since 1993 the IPT has worked with the States to provide the independent, objective investor education needed by all Americans to make informed investment decisions. www.investorprotection.org

For more than 150 years, the Boston Public Library has pioneered public library service in America with revolutionary ideas and famous firsts. Established in 1848, the BPL was the first publicly supported municipal library in America, the first public library to lend books, the first to have a branch library and the first to have a children’s room. Today, the BPL boasts 27 neighborhood branches, free Internet access, two unique restaurants, an award-winning website www.bpl.org and an on-line store featuring reproductions of the BPL’s priceless photographs and artwork. Each year, the BPL hosts nearly 5000 programs, answers more than one million reference questions and serves millions of people in its National Historic Landmark McKim Building in Copley Square. All of its programs and exhibits are free and open to the public. At the Boston Public Library, books are just the beginning!

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For more information about news, programs and events at the BPL, call 617-859-2212 or send a message to the Communications Office.


 


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