New Financial Literacy Program

September 18, 2010

The  Newton Free Library is pleased to announce that we have been awarded an additional grant by the FINRA Investor Education Foundation through  Smart Investing @ Your Library®, a partnership with the American Library Association.

The new grant will support a Financial Literacy Program featuring the FDIC MoneySmart curriculum and guest speakers.

We welcome the participation of Retirement Planning Club members!  Please consider becoming a volunteer tutor or mentor by contacting us at  Or,  just plan on attending the monthly presentations.

Learn more about the program by coming to the kick-off meeting to be held in Druker Auditorium on Wednesday, October 20 at 7 p.m when Kip Child, FDIC Community Affairs Specialist, will present a lively introduction to the Money Smart program complete with a few rounds of financial literacy jeopardy!

Photo of atm by thinkpanama and republished here under a Creative Commons license.


Fall 2010 Money Conference

September 12, 2010

Register for the Fall 2010 Money Conference sponsored by the Massachusetts State Treasurer’s office to be held October 9 at the Boston Marriott Copley Place.

The theme of this season’s conference is “Rebounding from a Recession”.  The goal is “to provide reliable money management, retirement and investment strategies that will financially empower individuals of all ages, racial, ethnic, economic backgrounds, and levels of financial knowledge”.

There is no charge for this conference and lunch is provided.  A great opportunity to learn!

Can’t make it?  Sign up for The Money Conference mailing list to be receive updates and information on all scheduled events.

Welcome Richard!

July 24, 2010

At our July 21, 2010 meeting of the Retirement Planning Club, Richard Suder offered to take on the role of Volunteer Coordinator.  Thank you, Richard!

Richard will now be managing the Club’s google group page and coordinating the monthly meetings held at the Newton Free Library.

Next month’s meeting will be held on August 18 at 7 p.m.   The discussion topic will be Paying for College:  Options and Strategies.

If you would like to learn more about the new Retirement Planning Club, please contact Richard at

June 23rd Library Legal Series Event

June 22, 2010

Please join us at the Newton Free Library on Wednesday, June 23rd at 7 p.m. to hear local attorney, Jeff Hurwit answer your questions on the legal and organizational aspects of starting a non-profit.

Topics to be covered include:

  • Legal nature of nonprofit organizations
  • Bylaws
  • Incorporation
  • Obtaining federal tax exempt status
  • State tax exemption, registration and filing requirements
  • Corporate book/board, resolutions/minutes
  • The fiscal sponsorship organizational alternative
  • Nonprofit governance including board roles and responsibilities, conflicts of interest and executive compensation
  • Liability and insurance

This program is presented as part of the Newton Free Library Legal Series.

COLA calculations made easy

June 22, 2010

Ever wonder how the Social Security Administration calculates the cost-of-living adjustment applied to monthly benefit payments?

The Economy 101 column of the June issue of Practical Money Skills for Life newsletter features an article on COLA (Cost of Living Adjustment):  how it is determined and how it is applied by the SSA.

The basis for the COLA is the CPI (Consumer Price Index) as produced by the U.S. Department of Labor Bureau of Labor Statistics.   The specific CPI used by the SSA is the CPI-W, the one which incorporates changes affecting urban wage earners and clerical workers.  CPI-W rate changes are measured during the third quarter each year and then applied to monthly payments beginning in December.  Confused?  Read the whole article here.

Check out the Practical Money Skills for Life website while you are there, and think about signing up for the monthly newsletter,  testing your knowledge of all things financial by playing Financial Soccer, or learning how to improve your credit score.

Photo of splashing glass of cola (cc) by themysteryman and republished here under a Creative Commons license.  Some rights reserved.

Meeting Reminder: June 16

June 12, 2010

Please join us in Newton Free Library‘s Druker Auditorium at 7:00 p.m. on June 16 for our monthly meeting.

Katharina Helmick will be leading a discussion on Annuities: what they are and if/when to include them in your retirement plan.  Ms. Helmick is a financial planner with an MBA equivalent from the University of Munich.  She has a wealth of business experience, including many years as an international management consultant.

Don’t miss this opportunity to learn more about annuities and how they may play a role in achieving your retirement planning goals.

RPC Needs Your Help

June 1, 2010

Please Help!  The Retirement Planning Club is urgently in need of a Volunteer Coordinator.

Carole, who graciously took over the reins in March from the Newton Free Library staff, is unable to continue in the role.  If the Club is to go on with its monthly meetings, a substitute Coordinator is needed.

Please think about taking on the job.  The time commitment is flexible.  The only requirement is allowing your name to be listed as the contact person for the Club in both the Newton Free Library newsletter and this Blog .  Monthly meeting information will need to be submitted to Ellen Meyers, Director of Programs and Communications.  Other than that, there are no set conditions.  Keeping up the Google Group and scheduling Speakers is optional.

Newton Free Library staff will continue to maintain this Blog and send out the monthly Retirement Planning Club Bookletter.

If you have benefited from the Club in the past, think about contributing to its future.  For more information, please contact Carole at

Photo (cc) of ambulance from Powerhouse Museum collection available through The Commons on  No known copyright restrictions.