May 2006 Newsletter

May10 : The perfect mutual fund for your Individual Retirement Account (IRA) or other long term investment goal.
My Advanced Family Finance students are doing the research this semester to identify the best diversified, low-cost mutual funds for your IRA. Come take advantage of all their work. Also see the PPT for May 2005 presentation on mutual funds for your IRA.
Celebrate Mothers Day at FPW! All mother-daughter pairs who attend together will receive gifts.
FPW meets 12:30-1:30 p.m. in Family Life room 318 on the USU campus. Bring your lunch. The same program is repeated in the evening: 7-8:30 p.m. at the Family Life Center, 493 North 700 East, Logan (at bottom of Old Main Hill).
FPW Advisory Board
Thanks to the following women who agreed to serve on the FPW Advisory Board. The role of the Advisory Board is to help determine program topics and to provide ideas on how to promote FPW. In the coming months the Advisory Board members will be introduced in more detail.
Lola Bolton
Valerie Byrnes
Susan Haddock
Rae Ann F. Hart
Dena Larsen
Chris Lord
Norma Mann
Visnja Taylor
If you have suggestions for topics please email: lown@cc.usu.edu
Websites of the month:
Identify Theft Reporting System - for victims of ID theft + info on current scams and how to avoid ID theft: http://www.idtheft.utah.gov
Take action!
Start an Individual Retirement Account to secure your financial future.
Have you adjusted your W-4 form to get a smaller federal tax refund next year and put the extra money to work for you each month? The average refund is $2400. Put that $200/month to work!
Read The Wall Street Journal Sunday in the Sunday Salt Lake Tribune Business Section or read it online: http://online.wsj.com/public/page/sundayjournal.html
How Rising Rates Affect Your Pocketbook
Money Magazine May 2006
Rising rates means higher monthly payments -- are you ready for them?
Upcoming FPW programs (mark your calendar):
June 14: What women need to know about Social Security. Speaker: Sandy Hunter, Social Security Administration. Check this out: http://www.ssa.gov/women/
July 12: 20 Steps to 7 Figures: Secrets of The Millionaire Next Door
August 9: Am I on track for a comfortable retirement ? How much to invest for retirement using the Ballpark Estimate
September 13: Taking the Mystery out of Retirement Planning
October 11: Stretching Your Dollar (tentative)
November 8: Getting off the Consumer Escalator. Watch DVD featuring Juliet Schor, author of The Overspent American , followed by discussion.
Personal Finance Humor: Two probate lawyers were overheard discussing a current case: "It's such a splendid estate, What a shame to squander it on the beneficiaries."
Send some $ jokes to: lown@cc.usu.edu
Upcoming events:
Utah Retirement Systems Pre-Retirement Seminar (for URS members within 5 years of retirement) in Logan Thursday, May 18 at Bridgerland Applied Tech College. To sign up: 800-753- 7750 Housing and Financial Counseling (USU Family Life Center) workshops:
May 13 (Saturday): Homeownership workshop 8:30-4:30 (registration required)
May 24 (Wednesday): Home Smart 10 a.m. to noon
Details and upcoming workshops.
Last Chance to participate!
The Good Life: Planning and Preparing for Your Retirement Future
USU Extension Services and USU Community Credit Union are pleased to co-sponsor this financial education series. Classes and materials are provided at no cost to participants.
Jeff Salisbury will be speaking on Feb. 22. He is a great speaker (he is a guest speaker for my investing class each year and the student love his presentation). I highly recommend that you attend his session. Be sure to sign up.
Date Time Subject
May 24 7 to 8:30 Creating a Financial Plan for Retirement
All sessions will be held in the Multi-purpose Room: Suite 109, Cache County Administration Building, 179 North Main, Logan, UT
To register, contact: Adrie Roberts, USU Extension - Cache County, 179 North Main, Suite 111,
Logan, Utah, 84321. (435) 752-6263. adrier@ext.usu.edu
Financial Planning for Women (FPW) is a monthly educational seminar that meets the second Wednesday of each month at two times: 12:30-1:30 p.m. in Family Life room 318 on the USU campus. Bring your lunch. The same program is repeated in the evening: 7-8:30 p.m. at the Family Life Center , 493 North 700 East, Logan (at bottom of Old Main Hill). The longer evening time slot allows for more discussion. Programs are free and registration is not required. Bring a friend! For further information: (435) 797-1569; lown@cc.usu.edu
The USU Family Life Center , 797-7224, 493 N 700 East (bottom of Old Main Hill), provides financial counseling and monthly workshops. This is the best source for basic money management and getting out of debt. They offer the PowerPay computer debt analysis.
Counseling sessions cost $5 for first session with sliding scale charges based on family income and family size for subsequent counseling sessions.
Thanks to Zions Bank Smart Women grant for funding for FPW.