American Express Retirement Services Unveils Expanded Financial Education Seminar Program.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--April 29, 2003 Workplace education curriculum aims to address the growing education needs of employees American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Retirement Services announced today that it has expanded its financial education program to include seven new seminars and a new online education module. The financial education seminar program focuses on financial topics that help employees better understand their personal relationship with money, the importance of financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against in today's environment, the financial impact of significant life events and how to best achieve their financial goals. The additions to the curriculum, currently available and designed for employees of American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Express' corporate, government and union clients, address current employee concerns that contribute to the increasing financial stress experienced by workers across the country. The expanded curriculum provides strategies that will help employees achieve their personal goals. "In order to address the varied needs of employees in the workplace, we are pleased to offer these new financial education components that complement the seminars and materials that we already make available to our clients," said Rusty rust·y adj. rust·i·er, rust·i·est 1. Covered with rust; corroded. 2. Consisting of or produced by rust. 3. Of a yellowish-red or brownish-red color. 4. Field, vice president of Financial Education and Planning Services. "Each of the new additions to the curriculum speaks to a unique financial trend we have seen throughout this past year and educates employees and plan participants Plan participants Employees or other beneficiaries who are eligible to receive benefits from a company's employee benefit plan. regarding the most appropriate way for them to better manage their personal economy and understand the markets in this unstable unstable, adj 1. not firm or fixed in one place; likely to move. 2. capable of undergoing spontaneous change. A nuclide in an unstable state is called radioactive. An atom in an unstable state is called excited. environment. Companies need to empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems their employees with financial knowledge in order to help them get on the best possible financial track." The new education components include: Seminars -- Beat the Financial Squeeze--Caring For Both Children and Parents - Takes a holistic approach holistic approach A term used in alternative health for a philosophical approach to health care, in which the entire Pt is evaluated and treated. See Alternative medicine, Holistic medicine. to helping employees face the challenges of providing care for two or more generations and offers financial information as well as other support tools and resources. -- Ask a Professional--Answers to Your Financial Questions - Walks plan participants through common financial questions and day-to-day situations that affect employees' overall financial futures. Employees are encouraged to bring their individual questions to the seminar. -- Millionaires: How do they get there? Six Steps to Wealth Accumulation - Provides employees with basic investment information that can help them take the first step toward good money management and wealth accumulation. -- Understanding the Markets - Cuts through the investment jargon jargon, pejorative term applied to speech or writing that is considered meaningless, unintelligible, or ugly. In one sense the term is applied to the special language of a profession, which may be unnecessarily complicated, e.g., "medical jargon. many plan participants face and gives them a better understanding of the markets and what financial decisions best fit their lifestyle. -- 529 Plans and Your Other Education Funding Options - Aids employees in finding out how to analyze college costs, become familiar with the tax considerations and understand asset ownership issues in order to fund a student's higher education. -- Your Nest is Empty. Now What? Planning Your Financial Future Once Your Kids are Grown - Shows employees how to re-evaluate their financial position, determine new goals and put their financial house in order as they prepare for retirement. -- Advanced Cash Management - Introduces employees to cash reserve strategies that more appropriately allocate To reserve a resource such as memory or disk. See memory allocation. funds to provide liquidity and maximize returns on short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. assets, while still protecting long-term assets Long-Term Assets 1. Reported on the balance sheet, it's the value of a company's property, equipment and other capital assets, less depreciation. 2. A stock, bond or other asset that you plan on holding in your portfolio for a lengthy period of time. for college funding or retirement. Online module -- Market Volatility Online Module. The module is comprised of four sections - Assessing Your Goals, Investment Strategy, Riding Out Volatility, and Steps To Take Today. The new module helps employees examine their goals and evaluate investment strategies in a volatile market. American Express Retirement Services, a service group of American Express Financial Advisors, is a provider of services for defined contribution and 401(k) plans with total combined assets of more than $26 billion and a participant base of more than 1 million as of December 31, 2002. Based in Minneapolis, it provides corporations, unions and municipalities nationwide with a complete package of financial education, recordkeeping and trustee services for qualified retirement plans. For more information on American Express Retirement Services, visit www.americanexpress.com/sponsors. American Express Retirement Services' Financial Education and Planning Services group delivers comprehensive financial education programs to organizations ranging from small businesses to Fortune 500 corporations. It provides Web, phone, print and face-to-face education, guidance and advice to more than two million employees nationwide. Registered investments and financial planning services are offered through American Express Financial Advisors Inc., Member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). . American Express Company is separate from American Express Financial Advisors Inc. and is not a broker-dealer Broker-Dealer A person or firm in the business of buying and selling securities operating as both a broker and dealer depending on the transaction. Notes: Technically, a broker is only an agent who executes orders on behalf of clients, whereas a dealer acts as a principal . Retirement plan and trust-related services are offered through American Express Trust Company. |
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