Military Financial Education Fact Sheet
(Archived Press Kit Material from 2006 Campaign Launch) SaveAndInvest.org: A Financial Education Program for Military Personnel and Their Families
Financial preparedness is a key component of military readiness. Whether on-base, off-base or deployed overseas, it is crucial that military personnel have access to financial education information that will enable them to make prudent saving and investing decisions for themselves and their families.
Managing Money with Confidence
The NASD Investor Education Foundation developed SaveAndInvest.org—a financial education program to improve the saving and investing knowledge of military servicemembers and their families—to give them the tools and information they need to make critical saving and investing decisions with confidence. The effort is funded by fines levied against First Command Financial Planning, Inc. for misleading statements in the sales of systematic investment plans to military personnel.
The multifaceted program includes:
- An online resource center, www.SaveAndInvest.org, that will serve as a centralized, trusted source for unbiased information on saving and investing, including original content, interactive tools/games, partner resources, frequently asked questions, and more
- On-the-ground training to support the military's current Personal Financial Management program by establishing a coordinated and uniform financial education program, including the training and continuous certification of personal financial counselors and other volunteers
- A spousal fellowship program that will train a corps of military spouses to provide financial counseling and education within the military community
- Partnerships with the Department of Defense, the U.S. Securities and Exchange Commission, and other organizations whose expertise in the financial education arena and experience in addressing military audiences complement the Foundation's commitment to providing financial education information and resources to servicemembers and their families
- Educational toolkits for trainers and investors offering multiple levels of personal financial information
- Educational activities and events on or near military bases to motivate military families to take responsibility for their financial well-being
- A long-term public outreach campaign, including print, radio and television public service announcements, targeted advertising to military-serving newspapers, magazines and Web sites and outreach to raise awareness of the tools, information and services available to military personnel and their families
About NASD and the NASD Investor Education Foundation
Established in 2003 by NASD, the primary private-sector regulator of the securities industry, the NASD Investor Education Foundation's mission is to provide investors with high quality, easily accessible information and tools to better understand the markets and the basic principles of saving and investing. The Foundation awards grants to fund educational programs and research aimed at segments of the investing public who could benefit from additional resources. NASD and the NASD Investor Education Foundation do not sell investment products, promote products or firms, or offer specific investment advice.
For more information about the NASD Investor Education Foundation, visit www.nasdfoundation.org. For more information on the NASD Foundation's military financial education program, visit www.SaveAndInvest.org.
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