Saturday, June 24, 2000

Seminar helps women prepare for retirement




By Amy Higgins
The Cincinnati Enquirer

        Women tend to receive less pay than mendo. Women tend to spend less time in the work force, and therefore contribute less to retirement plans, pension plans and Social Security.

        “But you live longer and therefore have a greater need for adequate plans for retirement,” said Joe Deters, treasurer of the state of Ohio.

WHAT'S AHEAD
  Women & Money seminars are:
  • July 7 in Columbus at Columbus State Community College.
  • July 14 at Severance Hall in Cleveland.
  • Aug. 25 at Wright State University in Dayton.
  • Sept. 15 in Toledo at the University of Toledo, SeaGate Center.
  For more information about the events, call (800) 228-1102 or visit www.ohiowomenandmoney.org
        Mr. Deters on Friday launched the first of five financial planning seminars aimed at closing that financial education gap between the genders. The seminars cover a wide range of topics, from budgeting and credit issues to insurance and investing.

        “This is exactly what I need for retirement planning and investing,” said Nancy Jones, recalling her thoughts when she first heard about Friday's seminar.

        Ms. Jones said some of the seminar's lessons reinforced what she already learned, while others, she hoped, would improve her retirement plans.

        Danah Tremble of College Hill said she came to Friday's event to learn more about putting her affairs in order. The 28-year-old recently started her 401(k), and hoped it wasn't too late.

        “The reason I never did it before was that I could never understand it,” Ms. Tremble said. “But it's time now to get it together.”

        Mr. Deters said he hopes other women around the state also choose to get involved and learn about their finances. He got the idea for the seminars from the state treasurer of Oregon. His department has offered education to public fund managers, but never to individual investors.

        Still, he understood the importance of women understanding how to manage money from his experience in the Hamilton County courts as county prosecutor and earlier as a support counselor.

        “I saw the personal struggles the women in this county go through,” Mr. Deters said. “There are women, grandmothers, raising kids my themselves. It's a unique problem men don't share.”

       



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