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05/01/2019

Free Finance and Investment Education Conference for Military, Veterans Scheduled for Armed Forces Day in Philadelphia

Harrisburg, PA - In recognition of Armed Forces Day, the Pennsylvania Military Finance Alliance announces a free conference to educate members of the military, veterans, and their families on the unique financial and investment decisions they will face. The “Making $ense of Finance” conference will take place on May 18, 2019, at the Triumph Baptist Church in Philadelphia from 10:00 AM to 1:00 PM.

In its sixth year and reaching more than 1,000 members of the military, this conference will include remarks by Congressman Dwight Evans, State Representative Isabella Fitzgerald, Secretary of Banking and Securities Robin Wiessmann, and a presentation by the Consumer Financial Protection Bureau.

Programs offered at the conference include:

  • Saving and Investing: This presentation covers ways to invest, misconceptions about the amount of money needed to start investing, the effect of compounding interest, and how to protect your investment.

  • Understanding Credit Reports and Credit Scores: This presentation will help people learn how to read and understand a credit report, where to obtain it, what to do about errors, and how to improve your score and creditworthiness.

  • Detecting and Avoiding Financial Scams: This presentation will explore some common characteristics of scams and offer ways to help protect yourself from scams.

  • Establishing Financial Goals and Developing a Spending Plan: This presentation is designed to help you set financial goals, build a spending plan, and gain control over your finances.

Members of the military face challenges that include frequent moves, sometimes on short notice, and being called away from home for months at a time, making it more difficult to keep track of financial accounts. According to a recent AARP study, one in three victims of investment fraud in the U.S. are military veterans. They are also often victims of scammers who use their military background as a way to gain trust, also known as affinity fraud.

Registration is required for this “Making $ense of Finance” conference. Complimentary food and drinks and free parking will be provided. Liberty USO will be awarding raffle prizes to those attending the conference. Space is limited. Registration and conference information are available at https://www.secure.dobs.pa.gov/?a=msof.msof.

“Making $ense of Finance” is made possible through the Pennsylvania Military Finance Alliance, a cooperative effort of the PA Department of Military and Veterans Affairs, the PA Department of Banking and Securities, the PA Office of Attorney General, Pennsylvania Military OneSource, Better Business Bureau, Liberty USO, Army Community Service, PA National Guard, and Advantage Credit Counseling Services. The Alliance is the only collaboration of its kind in Pennsylvania devoted to helping members of the military make smart financial decisions.

For more information about the conference, call 717-783-4247 or email informed@pa.gov. Members of the public with questions or complaints about financial products and services can call 1-800-PA-BANKS (or 1-800-600-0007). To learn more about financial and investing matters, visit PA Investor Education on Facebook and @PAFinancialReg on Twitter.

MEDIA CONTACT:

Trevor Monk, Department of Banking and Securities,
717-346-4628

Joan Nissley, Department of Military and Veterans Affairs,
717-861-8720

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