Helping seniors remain fiscally fit: How-To Guide to Money Management for seniors and families available from the FDIC

 With the average American living longer and spending more years (and more money) in retirement than ever before, senior citizens need to find ways to stretch and preserve their savings.  The latest issue of FDIC Consumer News, published by the Federal Deposit Insurance Corporation, is a special edition devoted to helping seniors and their families make smart decisions about their retirement funds.   The Fall 2005 issue, entitled “Fiscal Fitness for Older Americans: Stretching Your Savings and

Shaping Up Your Financial Strategies,” has been posted to the FDIC Web site at: www.fdic.gov/consumers/consumer/news/cnfall05 

The special edition includes practical tips and information on:

• Sources of funds during retirement and potential pitfalls to avoid; 
• Protecting against financial 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 insurance. 

To help make the information in this special edition widely available to the public, the FDIC is providing single copies free of charge through the Federal Citizen Information Center and is encouraging financial institutions, retirement communities, government agencies, consumer groups, the media and others to reprint the new guide. See the Web site above for more details.

The goal of FDIC Consumer News is to deliver timely, reliable and innovative tips and information on financial matters, free of charge.  Current and past issues are posted on our Web site at: www.fdic.gov/consumers/consumer/news/index.html.