Friday, November 7, 2008

Despite economy, planning for the future is critical

Free session Nov. 12 at library is sponsored by AARP, University of Wyoming and Library Foundation

Even during this national economic crisis, it’s important to consider your financial future. Waiting until the stock market rebounds may cost you more than you think – you lose both the ability to buy when prices are low and the power of compound interest, particularly if you have many years of work ahead of you. But investing for the future isn’t just about the stock market.

At the Laramie County Library in Cheyenne from 6-7 pm on Wednesday, unbiased experts from AARP and the Wyoming Secretary of State’s office will explain how to make the most of your financial future – regardless of your stage in life – and will provide tips to help you protect the money you invest and navigate the often confusing investment industry.

“Understanding the terms used by financial planners is like learning a foreign language,” AARP Wyoming Director Rita Inoway said. “We’ll translate the terminology and explain how to take charge of your financial future.”

The session, which is sponsored by AARP Wyoming, the Laramie County Library Foundation and the University of Wyoming Cooperative Extension Service, is the second in a three-part series. The third session will be held Dec. 3 and will discuss how to make the most of your money during the holiday season. More information on both sessions is available by visiting or by calling the Laramie County Library at 634-3561.

“Retirement happens sooner than you think,” Inoway said. “It’s important to take small steps now, even during times like these, to ensure you have the retirement of your dreams.”

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