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Financial education on the web

E-mail|Link Posted by Jill Boynton October 30, 2009 10:00 AM

I am often asked by my clients where they can learn more about finances and investing. It’s a shame that basic financial planning is not taught in our school system from an early age. Without knowledge about how to make sound financial decisions individuals must either pay for advice or make decisions blindly. The economic events of the past year have left many investors frustrated and feeling they lack control over their own well-being.

The best remedy is to educate yourself about money and investing. I recently learned about a website that is a great resource for all kinds of financial related information. The site, www.investoreducation.org is sponsored by the Alliance for Investor Education, an organization dedicated to helping investors gain a better understanding of finance. Their members include many top financial organizations including AAII (American Assoc. of Individual Investors), the Financial Industry Regulation Authority and the Council for Economic Education. There are regular articles about financial planning topics, and links to other websites and resources for a long list of financial topics. For instance under the “Investing Basics” category if you click on “Save For Retirement” you will be taken to a website calculator that helps you estimate how much you need to save. There are topics geared towards young investors and seniors and an area with specifics on investor scams and fraud. Also you can set up an automatic feed to receive their daily article. This website is chock full of information to improve anybody’s financial knowledge.

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Local finance professionals share insights and advice on issues such as budgeting, managing debt, and retirement planning.

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About the contributors

Jill Boynton is co-founder of Cornerstone Financial Planning in Newington, N.H. Along with traditional financial planning services, Boynton provides analysis specifically for divorce.

Andrew Chan is the founder of Integrative Financial Advisors in Framingham. He provides comprehensive financial planning advice and investment management services. He has been an adviser for over 12 years and works with clients to integrate all aspects of their finances including investments, retirement, education funding, and tax planning.

Cheryl Costa is a managing director at AFW Wealth Advisors, which has offices in Natick and Purchase, N.Y. She advises clients on investing, education funding, and estate planning. She holds a master’s in business administration from Boston University.

Jamie Downey has been an accountant for more than 14 years. He's a partner at Downey & Co. in Braintree. Prior to joining the firm, he served as a manager in the audit department of accounting firm KPMG.