Personal Finance Guide Tailored for Our Nation’s Finest
Washington, D.C. -November 17, 2008- Kiplinger, publisher of Kiplinger’s Personal Finance magazine, and the Council of Better Business Bureau Military Line® have announced plans to launch in February 2009 a new financial education initiative for the men and women of the U.S. military. Kiplinger—in collaboration with BBB Military Line—will publish a 20-page booklet offering targeted financial advice and guidance for military personnel and their families. The booklet will be distributed free to more than 700,000 servicemen and women worldwide.
Written by Kimberly Lankford, contributing editor of Kiplinger’s Personal Finance and herself a military spouse, the guide takes a practical approach to the special financial-planning needs of military personnel—educating service members on their benefits and helping them plan for their future. With current economic conditions emphasizing the critical importance for financial education for all Americans, this money guide for military families could not come at a better time.
The booklet will provide comprehensive guidance on a dozen diverse personal finance topics, including:
• Deployment Preparation/Financial Readiness
• Buying A Home
• Avoiding Scams that Target Military Families
• Retirement Planning
In addition to the distribution to military personnel, the booklet will be distributed to BBB offices throughout the United States and to each congressional office. A series of short videos —ranging from 90 seconds to 2 ½ minutes—will accompany the guide and be available on the websites of Kiplinger, BBB Military Line and on the websites of the sponsors of the project, including: the Investor Protection Trust, ClearPoint Credit Counseling Solutions and the Defense Credit Union Council.
“We are pleased to join with the BBB Military Line in this important mission benefiting our men and women in uniform and their families,” said Knight Kiplinger, president and editor in chief of Kiplinger. “Kiplinger is uniquely qualified to produce this guide, as a driving force behind the creation of Kiplinger’s Personal Finance magazine in 1947 was to provide World War II veterans with sound financial advice when re-entering the workforce. We’ve been helping our readers reach their financial goals ever since.”
“Our military looks out for our nation and BBB is looking out for military families by equipping them with the knowledge and skills they need to be savvy consumers,” said Steven J. Cole, president and CEO of the Council of Better Business Bureaus. “Since the inception of our BBB Military Line program, tens of thousands of military members and their families have benefited from our consumer education classes and we look forward to extending and expanding those services through collaboration with Kiplinger.”
Kiplinger's Personal Finance magazine has been providing millions of Americans with down-to-earth advice on managing their money and achieving financial security since 1947. Along with Kiplinger.com, it is a highly trustworthy source of information on saving and investing, taxes, credit, homeownership, paying for college, retirement planning, car buying and many other personal finance topics.
About BBB Military Line
BBB Military Line® is a program of the BBB Center, a 501C (3) organization affiliated with the Council of Better Business Bureaus, Inc. The BBB Center seeks to foster consumer trust and business ethics in North America and the evolving international marketplace. The BBB Center produces independent research and analyzes issues that impact consumer trust, as well as developing educational material for consumers.
About the Sponsors
The Investor Protection Trust (IPT) is a Washington, D.C.-based non-profit organization dedicated to investor education and protection. This project marks the second time Kiplinger and the IPT have teamed on a nationwide financial education initiative. In 2006 the editors of Kiplinger's Personal Finance magazine published seven investor education booklets to support the IPT's national campaign entitled Investor Education in your Community™. To date, more than one million print copies of the booklets have been distributed to consumers via the offices of State Securities Regulators and public libraries. www.investorprotection.org
ClearPoint Credit Counseling Solutions is a national 501c3 nonprofit offering budgeting, housing and credit counseling services in all 50 states. ClearPoint is a member of the National Foundation for Credit Counseling and a system-wide member of the Better Business Bureau.www.clearpointccs.org
The Defense Credit Union Council is a non-profit association, supporting the interests of defense credits that operate on military installations worldwide. By maintaining a close and constant liaison with the Pentagon, DCUC assists the Department of Defense and its member credit unions in coordinating policy, procedures and legislation, as it relates to financial readiness, morale and welfare, and the delivery of quality financial products and services to the troops and their families. http://www.dcuc.org/