Association for
Financial Counseling and Planning Education
Program in Acrobat
format
Annual Conference Program
Theme: Securing Your Financial Future
Fort Lauderdale Marriott North, Fort Lauderdale, FL
November 18-21, 1998
Tentative Schedule of Sessions:
Wednesday, November 18
1:00-7:30 Registration
4:30-6:00 Opening General Session
Welcome: Karen Varcoe, AFCPE President, University of California
Introduction: Judith Cohart, AFCPE President-Elect, National Foundation
for Consumer Credit
Speaker: Dallas L. Salisbury, President & CEO, Employee
Benefit Research Institute
Topic: Retirement Confidence, Investment Behavior, and Savings Education
6:00-7:30 Reception
Thursday, November 19
7:00-8:15 Continental Breakfast and Registration
8:15-9:45 General Session
Presider: Judith Urich, AFCPE Newsletter Editor, University of Arkansas
Speaker: Gordon Sherman, Regional Commissioner of Social Security Administration
at Atlanta
Topic: Social Security: Today, Tomorrow and Year 2032
9:30-5:00 Exhibits
9:45-10:00 Refreshment break
10:00-11:30 Concurrent Sessions (4 choices)
Session 1 New Programs and Opportunities
Chair: Nick Coppola, CCCS of South Florida
GATEWAY to a Better Life
Karen P. Varcoe, Shirley Peterson, and Connie Costello, University
of California
The Economic Education Expo: A Demonstration Project Linking Youth
Financial Education and Workforce Preparation
Judy McKenna and Jan Carroll, Colorado State University
Paying for Internet Purchases: Opportunities and Issues
Brenda Cude, University
of Georgia
Session 2 Retirement Planning
Chair: Pat Hildebrand, University of Illinois
Retirement Planning of a Professor and His Spouse
Gerald Madden, Syracuse University
Retirement Counselor Certification: Strengthening A New Profession
John Grable and Sunny Orr, Texas Tech University
Your Three Retirement Questions: A Seminar for Employees
Barbara O’Neill,
Rutgers Cooperative Extension
Session 3 Financial Planning Instruction
Chair: Lakshmi Malroutu, Queens College, CUNY
An Evaluation of a Financial Planning Curriculum for Teens
Sharon Danes
and Catherine Huddleston-Casas, University of Minnesota; Laurie Boyce,
University of Wisconsin
How Do Learning Styles and Teaching Strategies Impact Financial Planning
Instruction?
Jonathan
Fox and Suzanne Bartholomae,
Ohio State University
Decision-Making: Getting Better with Practice
Beverly C. Garner, Celia Ray
Hayhoe and Robert H. Flashman, University
of Kentucky
Session 4 Bankruptcy and Counseling
Chair: Glennis M. Couchman, Oklahoma State University
In Over Your Head: Helping Families Avoid Bankruptcy
Jean Clements, Diane Johnson, Kathy Michelich and Christine F. Olinsky,
Ohio State University
Cross-cultural Bankruptcy Legislation Comparative Analysis: Canada,
United States, and Sweden
Sue
L. T. McGregor, Mount Saint Vincent University; Birgitta
Klingander, University of Göteborg; Jean Lown, Utah State University
Economic Counseling in Sweden Helps Households Secure their Financial
Future: A Study of Households Which Have Applied to Municipal Consumer
Organization for Help
Birgitta Klingander,
University of Göteborg
11:30-1:45 Luncheon and Business meeting
Presider: Sharon Burns, AFCPE Executive Director
2:00-3:30 Concurrent Sessions (4 choices)
Session 5 EFT 99: Update
Chair: Ray Forgue, University of Kentucky
EFT99: Moving from Paper Checks to Electronic Payments
Eleanor M. Kelly, U. S. Department of the Treasury
Helping People in Your Community Understand Basic Financial Services:
A Comprehensive Guide for Community Educators
Michael
Rupured, CSREES-USDA and Jeanne
Hogarth, Federal Reserve Board
Session 6 Credit and Mortgage Behavior
Chair: Connie Kratzer, Virginia Tech
Search for Credit Information: An Ordered Logit Analysis of the Determinants
of the Extent of Searching for Information and the Use of Different Sources
Jieun Lee, Student Paper Award Winner, Purdue University
Cohort Effects on Credit Card Possession and Use
Cherie Keen, Purdue University
Elderly Households and Home Equity Conversion Mortgages: Selection
of Different Payment Types
Eun-Young Rhee, Purdue University
Session 7 Housing and Investment Planning
Chair: Celia Ray Hayhoe, University of Kentucky
Optimal Investment Allocations Given Fixed Periodic Contributions
Jim Musumeci, Southern Illinois University-Carbondale; Joe Musumeci,
Ascent Engineering, Inc.
Predicting Mutual Fund Over-Performance: A Benchmark Approach
John E. Grable, Texas Tech University; Craig Lemoine, PIE Technologies
Prepayment of Mortgage: That is the Question
Flora
Williams, Purdue University
Session 8 Changes of Credit Counseling Industry
Changes of Credit Counseling Industry and Implications for Financial
Counselors
Moderator: Kenneth Hawkins, Money Management International
Panelists: April Dehlbom, Bank of America Card Services
Alan Olinger, Money Management International
Jessica Cecere, CCCS of Palm Beach County and The Treasure Coast of
Florida
3:30-3:45 Refreshment break
3:45-5:15 Concurrent Sessions (3 choices)
Session 9 Workplace Education and Media Coverage
Chair: Shirley Peterson, University of California
Keys to Successful Personal Finance Education in the Workplace and
What The Media is Looking for In Personal Finance Coverage
Jordan E. Goodman, Author
of Everyone’s Money Book, Amherst Enterprises
Session 10 Tax Planning and Financial Counseling
Chair: Mary Jane Riha, FBI EAP
Using “Fiscal Rascal” Money Personalities to Help Clients Adjust
Money Habits
Susan Zimmerman, Zimmerman Financial Group
Taking Distributions from Tax-Deferred Retirement Savings Plans
Karen Chan and Charlotte Crawford, University of Illinois
Tax Breaks for Higher Education
Karen Chan and Charlotte Crawford, University of Illinois
Session 11 Building Partnerships to Increase Retirement Planning
Moderator: Virginia Junk,
University of Idaho
Panelists: Linda
K. Fox, University of Idaho
Thomas Garman, Virginia
Tech
Barbara O’Neill,
Rutgers University
Ronald Hurt, MetLife
Clair Hushbeck, AARP
Friday, November 20
7:00-8:30 Continental Breakfast and Registration
7:30-3:00 Exhibits
8:30-10:00 General Session
Presider: Janice Heckroth, AFCPE Proceedings Editor, Indiana University
of Pennsylvania
Speaker: Richard Hinz, CFA, Director, Office of Policy and Analysis,
Pension and Welfare Benefits Administration, U. S. Department of
Labor
Topic: The Private Pension System: Where Do We Go from
Here?
10:00-10:30 Refreshment Break
10:30-12:00 Concurrent Sessions (4 choices)
Session 12 Alternative Counseling Approaches
Chair: Jean Lown, Utah State University
Drawing on the Power of Genograms: Techniques for Financial Counseling
and Planning
Clark
H. Hammond, University of South Dakota
Preventing Marital Distress and Disruption Caused by Financial
Problems: Teaching Financial Conflict Management and Problem Solving Skills
William C. Bailey and M. Jean Turner, University of Arkansas
An Interdisciplinary Approach to Financial Counseling: Take Control
the Power and Impact of Communication Skills on Managing Family Finances
Anne Swift and Linda E. Enders, Iowa State University
Session 13 Helping Low Income Families
Chair: Jonathan Fox, Ohio State University
If You Built It, Will They Come? A Simulation of Financial Product
Use Among Low to Moderate Income Households
Jeanne
Hogarth and Kevin O’Donnell, Federal Reserve Board
Beating the Welfare Clock: Financial Skills for Self Sufficiency
Ruth K. Miller, Maryland Cooperative Extension
Financial Counseling for Welfare to Workfare Participants
Flora
Williams, Purdue University
Session 14 Saving for Retirement
Chair: Deanna Sharpe, University of Missouri
Estimating the Retirement Adequacy of Households and Helping Them
Plan for an Adequate Retirement
Sherman
Hanna, Michael Gutter and Yoonkyung Yuh, Ohio State University
Retirement Income Inequality: Implications for Personal Financial
Education
Jing
J. Xiao, AFCPE Program Chair, University of Rhode Island; Yoonkyung
Yuh, Ohio State University; Lakshmi Malroutu, Queens College
Factors Affecting Retirement Savings of Midwestern Women
Sheran L. Cramer and Xia Yan, University of Nebraska-Lincoln
Session 15 Investment Planning
Chair: Claudia M. Kerbel, Center for Personal Financial Education
How to Buy Treasury Securities
Barbara O’Neill,
Rutgers Cooperative Extension
Investing on a Shoestring: Buying Stock without a Broker
Patricia Q. Brennan, Rutgers Cooperative Extension
The Ins and Outs of IRAs
Patricia Q. Brennan, Rutgers Cooperative Extension
12:00-1:30 Awards Luncheon
Presider: Debbie Vosburg, Air Force Aid Society
1:45-3:15 Concurrent Sessions (4 choices)
Session 16 Helping Employees and Children
Chair: Barbara J. Bristow, Cornell University
Enhancing Employees’ Financial Management Skills
Nancy L. Granovsky, Texas A&M University
Personal Financial Wellness and Worker Productivity
So-hyun Joo, Texas Tech University
Newsletter Series Changes Parent’s/Children’s Financial Behaviors
Alice M. Crites and Patricia A. Behal, University of Nevada
Session 17 Serving Women and Self-employed
Chair: Karrol Kitt, University of Texas-Austin
Evaluation of the Women’s Financial Information Program: A Qualitative
Study
Naomi I. Warner and E. Raedene Combs, University of Nebraska-Lincoln
Satisfaction with Pension Income of Self-employed and Wage &
Salary Workers: Evidence from the 1995 Survey of Consumer Finances
Sharon
DeVaney and Catherine Zhang, Purdue University
Health Insurance Expenditures of the Self-employed
Deanna Sharpe, University of Missouri
Session 18 Serving Special Populations
Chair: Edie Milligan, Keeping Track, Inc.
Keys to Successful Life Choices: A Life Skills Education Program
for Offenders
Glennis M. Couchman and Sissy Osteen, Oklahoma State University
Mid-life Career Change: Career Military Versus Noncareer Military
Financial Well-being and Financial Satisfaction
Bruce H. Brunson, Virginia Tech
Sharpening the Definition of Financial Wellness in a Workplace
Education Context
Joan Gray Anderson, University of Rhode Island; Claudia M. Kerbel,
Center for Personal Financial Education
Session 19 Financial Management Strategies of Family Owned Businesses
Moderator: Sharon M. Danes, University of Minnesota
Study Design
Elizabeth Scannell, University of Vermont; Virginia Zuiker, University
of Minnesota
Financial Structure and Intermingling of Financial Resources
Rosie Walker, Michigan State University; George Haynes, Montana
State University; Barbara Rowe and Gong-Soog Hong, Purdue University
Implications for Financial Professionals
Marily Furry, Pennsylvania State University; Sharon Danes, University
of Minnesota
3:15-3:30 Refreshment Break
3:30-5:00 Refereed Posters
Chair: Barbara O’Neill, Rutgers Cooperative Extension
The Determinants of Consumers’ Attitudes toward Credit Use for
Luxury Goods
Soonhwa Choi and Sharon
A. DeVaney, Purdue University
Digging for Gold at Work: Experiential Investment Education in
the Workplace
Jean Clements, Diane Johnson, Christine Olinsky and Carol Miller,
Ohio State University
A Decision-Making Model Applied to Selection of Long-Term Care
Insurance
Sheran L. Cramer, University of Nebraska-Omaha
Financial Planning for Retirement Using Technology
Sharon
A. DeVaney, Purdue University
Money and Emotions: The Experiences of Clients, and the Implications
for Financial Counselors and Family Therapists
Margaret A. Fitzgerald and Jean N. Soderquist, North Dakota State
University
Factors Affecting Retirement Income
Linda Kirk Fox and Virginia
W. Junk, University of Idaho
Check Register Tracking System
Marsha A. Goetting, Montana State University
Financial Risk Tolerance Assessment: A Multidimensional Approach
John E. Grable, Texas Tech University; Ruth H. Lytton, Virginia
Tech
Teaching Adults About Financial Resources on the WWW
Nancy L. Granovsky, Texas A&M University
Retirement Planning Guidelines from a Delphi Study of Financial
Planners and Educators
Sue Alexander Greninger, Vickie Hampton, Karrol A. Kitt and Susan
Jacquest, University of Texas-Austin
Projecting Real Portfolio Accumulations
Sherman Hanna, Ohio State University
Estimating the True Expenses of a Client Household
Sherman
Hanna and Michael Gutter, Ohio State University
How Many Households Meet the Net Worth Guidelines of the Millionaire
Next Door?
Sherman
Hanna and Yan Sun, Ohio State University
Life Insurance: Experts’ Recommendations
Karrol Kitt, Sue Alexander Greninger, Vickie Hampton and Susan Jacquest,
University of Texas-Austin
Preparing for the Job Market Life Skills
Ruth K. Miller, Maryland Cooperative Extension
Saturday, November 21
7:00-8:30 Continental Breakfast and Registration
8:30-10:00 Concurrent Sessions (2 choices)
Session 20 Workplace Financial Education: Issues and Answers
Moderator: E. Thomas Garman, Virginia Tech
Research Questions in Workplace Financial Education that Need
Answers
E. Thomas Garman, Virginia
Tech
Evaluation of Workplace Financial Education
Dorothy C. Bagwell and Jinhee Kim, Virginia Tech
Effects of Workplace Financial Education
Constance Kratzer, Bruce Brunson and Jinhee Kim, Virginia Tech
Stress and Money Management
Paul Camp, Virginia Tech
Session 21 Collaboration showcase
Chair: Ann Coulson, Institute for Personal Finance
A Collaborative Approach to Spread the Word on Financial Planning
Jane Schuchart, CSREES-USDA; Pat Brennan, Rutgers Cooperative Extension;
Jan Lukens, Mississippi Cooperative Extension
10:00-10:30 Refreshment Break
10:30-12:00 General Session
Chair: Karen Varcoe, AFCPE President, University of California
Speaker: Harold
R. Evensky, CFP, Chair of CFP Board of Standard Board and Author of
Wealth Management
Topic: Retirement Planning Issues in the Real World