A special issue of FDIC Consumer News devoted
to helping seniors and their families make smart decisions about their
retirement savings and daily
money management has won a 2006 Achievement in Consumer Education
(ACE) Award from the National Association of Consumer Agency Administrators
The award for "Fiscal Fitness for Older Americans: Stretching Your
Savings and Shaping Up Your Financial Strategies" was announced at
the NACAA's 31st Annual Meeting last week in Seattle.
The NACAA represents more than 160 consumer agencies at all levels of
government in the United States and several other countries. Its members work
with consumers to solve problems, advance legislation, and support consumer
education and outreach. The ACE awards honor achievements in consumer education
in three categories: print, broadcast and programs. The award winners were
judged on the quality of text and design, effectiveness of message, accuracy
and usefulness of information, creativity, value to the community, and program
"Effective consumer education is crucial in the ongoing fight to prevent
consumer fraud, and we are delighted to honor the good work at the FDIC," said
Elizabeth Owen, Executive Director of NACAA. "The judges were impressed
with the focus of 'Fiscal Fitness for Older Americans.' The population
is aging and along with health issues, money concerns are of great importance.
We look forward to more timely topics from FDIC Consumer News in
Also among this year's 12 NACAA awardees are the Federal Citizen Information
Center, the Federal Trade Commission, and consumer protection offices for
Ohio, West Virginia and Puerto Rico.
The FDIC guide for seniors (the Fall 2005 issue of the quarterly FDIC
Consumer News) includes practical tips and information on: sources of
funds during retirement and potential pitfalls to avoid; protecting against
frauds that target the elderly; simplifying and organizing finances;
what to consider before giving others access to bank accounts and safe deposit
boxes; and things seniors (and everyone else) should know about FDIC
The publication also features retirement strategies to consider at different
life stages, a 15-question quiz on money management for seniors, and a list
of government resources (including some from the FDIC) that older Americans
and their families can turn to for help on financial matters.
The guide is available online at www.fdic.gov/consumers/consumer/news/cnfall05.
The FDIC also is providing single copies free of charge through the Federal Citizen
Information Center by ordering online (start at the FDIC Web site above) or by
writing to: Fiscal Fitness for Older Americans, Pueblo, CO 81009. Consumers also
may call toll-free 1-888-8-PUEBLO (1-888-878-3256) weekdays 8 a.m. to 8 p.m. Eastern
Time and ask for "Fiscal Fitness for Older Americans." Also, the FDIC is encouraging
financial institutions, retirement communities, government
agencies, consumer groups, the media and others to reprint the new guide in whole
or in part and to mention or link to the FDIC Web site.
The goal of the quarterly FDIC Consumer News is to deliver timely, reliable and
innovative tips and information on financial matters, free of charge. Current
and past issues are online at www.fdic.gov/consumernews.
The FDIC also offers a free subscription service to FDIC Consumer News that provides
e-mail about each new issue posted to the Web site and a link to stories of interest.
Instructions for subscribing are posted at www.fdic.gov/about/subscriptions/index.html.
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created the Federal Deposit Insurance Corporation in 1933 to restore
the nation's banking system. The FDIC insures deposits
at the nation's 8,790 banks and savings associations and it promotes
the safety and soundness of these institutions by identifying, monitoring
addressing risks to which they are exposed. The FDIC receives no federal
tax dollars –insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet
at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html)
and may also be obtained through the FDIC's Public Information Center
(877-275-3342 or 703-562-2200). PR-64-2006