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: FinancialCounselSecurities Regulator Provides 10 Tips To Improve Financial Security
By James Eccleston
FINRA's Investor Education Foundation has released a national survey underscoring that many individuals are ill-prepared for their future. The national survey concludes that "far too many people tend to engage in financial behaviors that generate excessive expenses and fees", that "few people seem to compare the terms of financial products or shop around before making financial decision", and that "few are able to calculate basic interest or perform other math-oriented tasks." Such ineptitude comes at a bad time as the "financial landscape" has changed. That is because the burden of saving for retirement has been place on individuals, the cost of a college education has risen dramatically, and financial products have become more complex.
As a starting point to improve financial fitness, FINRA and the FINRA Foundation have published 10 tips. Let's examine them.
Full post as published by FinancialCounsel on April 14, 2010 (boomark / email).
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