Volume 2, Issue 6
 
June 2008

IN THIS EDITION
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Financial News

Attend a Financial Fitness Workshop!

Retirement Income of Women at Risk, Report Finds

A Gift to College Graduates: Financial Tips

CPA Financial Planners Offer Advice on Soaring Gas Prices

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Financial
Literacy Resources

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Financial Tips

Attend a Financial Fitness Workshop! Top

The Virginia Society of Certified Public Accountants (VSCPA) is pleased to offer a summer series of Financial Fitness workshops! Led by experienced CPAs and held at the Richmond CPA Center in Glen Allen, these free seminars include a complimentary lunch. To reserve your seat, please register as soon as possible! Use the links below or call the VSCPA Education Team at (800) 341-8189.

Exercise Your Financial Future
Date: Thursday, July 17, 2008
Time: 11 a.m. – 1:30 p.m.
Location: Richmond CPA Center, 4309 Cox Road, Glen Allen, VA
Discussion leader: Rick Wildes, CPA, Wildes, Stevens, Brackens & Company
Register online now!

Get your finances into shape! Designed for all members of the general public, this workshop explores such topics as budgeting, saving, insurance strategies, retirement planning, money management, financial planning and more. Find out what you need to be doing today to secure your finances tomorrow.

Retirement Income of Women at Risk, Report Finds Top

Women are at a much higher risk than men of facing economic uncertainty in retirement and, on average, they’ll enter retirement with considerably less savings than men. Women face these unique challenges because they spend fewer years in the workforce, earn less income and have longer life spans than men, according to a report released in May 2008 by Americans for Secure Retirement titled, "The Female Factor 2008: Why Women are at Greater Financial Risk in Retirement."

Read the entire article on the Financial Fitness Web site.

A Gift to College Graduates: Financial Tips Top

Graduation, for millions of college students, means it’s time to trade in books and binders for bills and budgets. Virginia CPAs offer sound advice to help college graduates become financially independent.

CPA Financial Planners Offer Advice on Soaring Gas Prices Top

Now that the average cost of a gallon of gas is heading closer to $4, are you thinking about buying a more fuel-efficient vehicle? The American Institute of Certified Public Accountants (AICPA) advises that you consider all the costs involved in trading in the old for the new. Read the AICPA press release (.PDF) on this topic.

Consumer Articles Top

The VSCPA develops monthly Money Management articles to provide financial advice and information for individuals and small businesses. Topics include personal finance, retirement and estate planning, saving for college, investments, running a small business, income taxes and more. Virginia organizations are granted reprint permission and can use in publications, employee newsletters, Web sites and more. Here are this month's topics:

Don't Get Swamped by Student Loan Debt
Are you or someone in your family facing heavy student loan debt? Recent graduates left college with an average of $19,646 in student loan obligations. There's no reason to despair, though, because there are several steps that you can follow to manage weighty student debt.
Money-Wise Advice for New Grads
At this time of year, many recent graduates are leaving collegiate life behind and embarking on their first "real" careers. It is an exciting time, but it's also a time of new financial responsibilities. If you know graduates taking their first steps into the work world, read (and share) these money-wise steps to make sure recent grads start off on sound financial footing.
Finances for Two: Newlyweds and Money
June is a popular time for weddings, and it's important that newlyweds get off on the right foot as far as their finances are concerned. A total of 84 percent of couples said that money causes arguments in their marriages. But taking the right steps now can save a lot of tension and disagreement later. Read some recommendations for getting the right start financially.
Avoid Money Mishaps When Children Move Back Home
It's graduation time, and many college graduates are returning to live at home for the first time in several years. Because of an uncertain economy, many young adults have decided to spend a few years living with mom and dad until they have a stronger financial foundation. Here are some suggestions on how parents can deal with this situation.
Tackling Money Concerns in Remarriage
Roughly 75 percent of those who have been divorced will ultimately remarry, according to government statistics. Money can be a source of tension in any relationship. Consider these five steps that couples who are remarrying can take to preserve harmony.
Nonprofit Resource Center Top

Is your nonprofit organization looking for information on budgeting, tax planning or audit committees? Are you looking for a dynamic speaker on financial topics or need advice on financial issues? Let Virginia CPAs help! As part of our Financial Fitness campaign designed to improve the financial health of Virginians, the VSCPA offers a wealth of resources, including programs to connect volunteer CPAs with your organization or company as a pro bono community service.

National Council on Economic Education Top

The National Council on Economic Education (NCEE) offers many programs and resources that promote financial literacy education in the U.S. and across the globe. The NCEE provides online lessons and other resources to assist educators and parents with teaching financial concepts to students. Find out more about NCEE programs and resources.

Summer Saving Tips Top

Summer is a great time to kick back and relax — just don't plan on taking a vacation from saving money. Because savings strategies may take time to implement, don't miss this opportunity to take stock of your situation and put a plan into action. Read these helpful tips on how to save money and still have fun this summer.
Source: American Institute of CPAs



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Virginia Society of CPAs | P.O. Box 4620, Glen Allen, VA 23058-4620 | (800) 733-8272
www.financialfitness.org
VSCPA Financial Fitness | (800) 733-8272