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Mind Your Money

Welcome to the library's multi-author blog and associated resources for increased financial literacy. This program is made possible by a grant from the FINRA Investor Education Foundation through Smart investing@your library®, a partnership with the American Library Association

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For questions or comments about this program, please send email to mym@hmcpl.org.

 

 

FREE Financial Literacy classes available to the public at Madison's Hogan Family YMCA

We are incredibly excited to announce that our second set of public financial literacy classes will be held at Madison's Hogan Family YMCA!

These classes are taught by non-biased financial professionals or educators and are geared towards beginning investors in an effort to the provide information to help you begin creating effective investment strategies.

A light lunch will be served. Read more about FREE Financial Literacy classes available to the public at Madison's Hogan Family YMCA

Report: Nearly 63 percent of Alabama households have almost no emergency savings (poll)

A recent report by the nonprofit Corporation for Enterprise Development in Washington, D.C. says 62.7 percent of Alabama households are financially insecure. Read more about Report: Nearly 63 percent of Alabama households have almost no emergency savings (poll)

President Obama's myRA Retirement Plan

In his recent State of the Union Address President Obama introduced "MyRA", a government retirement account option that will help millions of Americans start saving for retirement. Class instructor Dorla Evans has sent these links to help us understand the new program:

From BusinessWeek: Read more about President Obama's myRA Retirement Plan

What you know about investing in retirement may be wrong

You probably know the conventional wisdom: People just entering retirement should have a big portion of their savings—say, 40% to 60%—invested in stocks to help their nest egg grow over time. And as they age, all but the wealthiest should gradually reduce their equity exposure to protect against 2008-style market declines. 

Morningstar Announced 2013 U.S. Fund Manager of the Year Awards

Morningstar announced the nominees for its 2013 U.S. Fund Manager of the Year awards. The
awards acknowledge managers who not only delivered impressive performance in 2013,
but who have also delivered excellent long-term risk-adjusted returns, and have been
good stewards of fund shareholders' capital. To recognize outstanding fund managers
each year, Morningstar selects leaders in five strategies: domestic stock,
international stock, fixed income, alternatives, and allocation.

For the winners and related article to go: Read more about Morningstar Announced 2013 U.S. Fund Manager of the Year Awards

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