Charles Schwab Expands Its Educational Website
SAN FRANCISCO, CA, November 17, 2009 -- Charles Schwab & Co., Inc. has announced a significant renovation and expansion of its award-winning educational website, www.SchwabMoneyWise.com. Originally launched in April 2007 as a "money mentoring" destination for parents of teenagers, the website now offers more information, tools and resources to benefit all types of consumers, from those who want to learn the fundamentals of personal finance themselves to those who want resources to teach the basics to others.
"We continue to believe that it's critically important to give young people the knowledge and skills that will enable them to make good financial decisions throughout life," said Carrie Schwab-Pomerantz, president of Charles Schwab Foundation. "However, the need for financial literacy cuts across all generations. Many adults themselves have questions about personal finance, and SchwabMoneyWise.com now offers insight and guidance on a broad range of money topics and issues that are very relevant to their lives."
With more than 250 new pages, the site includes:
- A Money Basics section, which covers fundamentals such as goal-setting; budgeting; calculating personal net worth; managing credit and debt; saving and getting started on investing; as well as understanding health insurance and disability, long-term care and life insurance; retirement and estate planning; income taxes; and the different types of financial accounts.
- A Life Events section, which provides information on important financial choices and decisions involved in changing jobs, getting married, buying a home, starting a family, getting divorced and losing a spouse.
- A News & Views section adds timely perspective with articles and insights on a broad range of topics, including trends in retirement and philanthropy, insights into the health insurance crisis and interesting survey results about people's attitudes, beliefs and behaviors regarding money.
- A new Talking to Kids section incorporates the resources previously available for parents on SchwabMoneyWise.com, but also features a new quiz for parents to help them assess how good a job they're doing as money mentors along with suggestions on areas where they could improve.
- A Teachers & Volunteers portal also contains news relating to financial education, classroom resources such as workshops and educator tips, and links to other sites that help bring the lessons of personal finance to life for young people.
- A Calculators & Tools section includes a mortgage affordability calculator and a rent vs. buy calculator, complementing the suite of other available tools including: an interactive savings calculator and a cost-of-debt (debt payoff) calculator, a spending tracker, budget planner, a retirement needs worksheet, a personal net worth worksheet, and a financial inventory worksheet.
Additionally, the popular "Ask Carrie" column, syndicated by Creators' New Service to newspapers across the U.S., is now featured on the home page of SchwabMoneyWise.com, along with a complete archive of previous readers' questions and answers organized by topic, from Kids & Teens to Retirement Planning.
"We believe that financial education is a prerequisite to smart decision-making and, ultimately, to lifelong financial well-being," said Schwab-Pomerantz. "There's no better time for people to take their financial pulse and get some help where they need it. It's our hope that SchwabMoneyWise.com will continue to be an important destination for people who want to learn and make good financial choices for themselves and their loved ones."
About Charles Schwab
The Charles Schwab Corporation (Nasdaq:SCHW) is a leading provider of financial services, with more than 300 offices and 7.6 million client brokerage accounts, 1.5 million corporate retirement plan participants, 687,000 banking accounts, and $1.3 trillion in client assets. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Named Highest in Investor Satisfaction by J.D. Power and Associates, its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org) , and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Advisor Services division. The Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. More information is available at www.schwab.com.
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