InCharge® Education Foundation (ICEF) has been recognized as one of the country's leaders in creating innovative and quality financial literacy programs.
Organizations were judged on, among other criteria, their support for the advancement of financial literacy education, their innovative approaches to programming, and an analysis of measurable results in the communities they serve. ICEF is actively involved with providing
In accepting the award, Alberto Duarte, ICEF's president and CEO, said, "This recognition is a tribute to the diligence of a group of hard-working professionals who are committed to helping to raise the level of financial literacy in the United States. Our Foundation is proud of this accomplishment and will use it to re-energize our efforts to serve even more Americans in the days and years to come."
For information about ICEF, this award, or any of the organization's personal finance education products and services, contact Andy Williams at (407) 532-5631, or visit their website at
About InCharge® Institute of America, Inc. (
Headquartered in Orlando, Florida, InCharge® Institute of America, Inc., is a 501(c)(3) nonprofit organization with affiliates specializing in personal finance education and credit counseling. InCharge® Education Foundation, Inc., publishes Military Money® magazine and offers financial literacy education to clients and the general public. InCharge® Debt Solutions provides professional credit counseling and financial education services to consumers and is a member of the Association of Independent Consumer Credit Counseling Agencies (AICCCA). Consumers can access InCharge Debt Solutions credit counseling services for free by calling 1-888-360-9694 or online at
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The current economic crisis has created fear, panic, anger and great uncertainty.
Investment portfolios are shrinking, credit is drying up, few seem to know what to do. WealthRidge is offering a free commentary report to help people recognize that there is a way to not just survive, but thrive even in this financial environment: How to Survive (and Thrive) in the Current Economic Crisis.
The current economic crisis has many causes and its resolution will take years, not months says Louis Llanes, CFA, investment management partner in WealthRidge. The country will get a plan in place that will stabilize the financial system in the short-run, but we are not out of the woods yet.
It is likely that stocks will bottom as the crisis continues and the average person will be pretty skeptical of any rallies. Stock valuations are actually becoming more rational, but they will likely drop below where they should be. This may ultimately present good buying opportunities.
While the picture may be bleak, there is hope, and there are concrete steps that can be taken to survive the economic crisis says Michael Snowdon, CFP®, WealthRidge financial planning partner.
First, as mundane as it may sound, it is time to get back to basic personal financial principles. These have developed over time to reflect best practices. When the economic environment is overwhelmingly positive, it seems to make sense to set aside those principles. However, a quick review of the current housing market shows that forgetting those basic principles can have a disastrous financial impact.
Contrary to what you might think, now is not the time to panic.
As the market stabilizes, we will be entering into a period when careful investors can benefit. The old idea of buy low and sell high is an investing truth. In periods like we now have, buying low becomes much easier to do. The key question is what to buy, and when. Strong companies whose stocks are well-priced can represent true value and provide solid investment returns. Selected bond investments can also provide a reasonably safe place to generate income and preserve capital. Some alternative investment vehicles may also provide positive returns.
To see our full commentary, visit
As the risk of redundancy increases for more and more people working within the financial services sector, PPI lobbyist Sara-Ann Burgess from Burgesses, urges employees to ensure they have Payment Protection Insurance (PPI).
Braintree, Essex (
In banking alone, recent headlines include the takeover of HBOS by Lloyds TSB, the nationalisation of Bradford & Bingley and the acquisition of its savings unit and branches by banking giant Santander, the axing of 1100 jobs worldwide by HSBC, the acquisition of Alliance and Leicester by Santander and the collapse of investment bank Lehman Brothers.
Sara-Ann comments: "Years ago, working in a bank was considered a secure job, but as we've witnessed over the last week or so, nothing is secure. Hundreds of business units and branches will be either axed by those purchasing them or because of the economic downturn, leaving workers and firms that support them under enormous financial pressure.
"PPI can help relieve this pressure and at least provide employees with some financial breathing space whilst they're looking around for other jobs or maybe a career change. Income Protection provides a monthly replacement income for up to a year, ensuring bills can still be met, whilst
It's reported that mortgage lenders have started to reject applications from workers in the Square Mile in London who rely on large bonuses to fund their loans and Sara-Ann is concerned this could be the thin end of the wedge.
She continues: "What's to stop certain High Street PPI providers, already at risk of financial failure, from rejecting applications from workers they consider to be in high risk redundancy sectors? Are we going to be faced with the spectacle of 'big names' not wanting to insure against redundancy or meet PPI claims because they're unable to support themselves?
"Independent providers could be seen as the more stable option in the current climate and they're certainly cheaper. British Insurance offers Income Protection at £3.40 per £100 of monthly replacement income and Mortgage Protection at £1.60 per £100 of payments. Both of these are for unemployment cover."
Sara-Ann concludes: "It's a bit like a Mexican wave, one bank goes down, then we hear of another, then more job losses and so it goes on. Those with PPI can at least ride this wave a little easier and rest assured their monthly commitments will be met."