July 1997 Issue of AFCPE Newsletter

July 1997 Issue of AFCPE Newsletter

AFCPE Newsletter. Volume 15, Number 3, July 1997

Copyright, 1997 by the American Association for Financial Counseling and Planning Education

Table of Contents
In This Issue

How To Talk About Money

President’s Message

Jump$tart Coalition For

Personal Financial Literacy For Students

High School Financial Planning

Program Update

Personal Finance Employer

Education Initiative: Two


Money 2000 Marketing Materials


1997 Annual Conference

Requests For Panel Presentations

And Round Table Discussions

Conference Registrations Packets

Coming Soon

Awards Nominations-AFCPE:

Due September 1

AFCPE Chapter-to-Be In Ohio

IPF Talent Bank Needs AFCPE

Author’s Corner



Bulletin Board

How To Talk About Money

David G. Hall, Ph.D. Therapist, Consultant, Lecturer, & Assistant Adjunct Professor, Michigan State University

Money and sex are both

culturally charged topics. Most

people usually do not talk casually

or honestly about either issues.

David G. Hall, Ph.D., one of

the key-note speakers at the 1996

AFCPE Annual Conference and

noted sex therapist, helped

financial counselors and planners

to understand how sex therapy

techniques can be used to

encourage the client to provide

accurate data about their finances.

The goal is to help clients talk

honestly about their financial


The counselor must invade part

of the personality the client is not

used to talking about because few

of us talk honestly about money.

At the initial session, the

counselor encourages the client to

talk. He or she needs to gain a

complete understanding of the

client’s goals, expectations of

financial performance and

financial services, of what the

counselor’s specific role will be,

and the client’s financial and

economic theories.

The data the client gives you

may or may not be accurate. Our

senses collect data to stimulate our

thinking. Our data collection

processes are filtered and

influenced by our values and past

experiences. This filtering and

influencing is outside of our

awareness. In reality what we or

the client is describing is our

perception of a situation.

As the session continues, the

counselor must be aware of the

words the client uses. Most of us

need to make sense of our

perceptions. This is known as


The need for closure often

drives people to ‘invent’

explanations for presenting

situations, such as why I bought

that high priced item.

Keep in mind, what a person

says may not be what that person

believes. Instead look at the

behavior patterns, e.g., credit use.

One of the most important

issues in financial counseling and

planning is helping the client

assess his or her capacity for

dealing with financial risk.

Counselors need to understand the


  • Does the client have hobbies that

    are risky and competitive?

  • Does the client accept responsibility for his or her position in

    business and life in general, or do

    “others” get blamed?

  • Does the client have a sound

    economic philosphy that logically connects financial risk factors?

  • How does the client talk about

    past disappointments of any


  • How consistent has the client

    been with his or her goals and

    strategies for accomplishing them?

  • Is the client’s personal life

    consistent and settled? Why or

    why not?

Hall says counselors should

always summarize the client’s

goals and the action plan to meet

those goals. State what you expect

to do and tasks the client is

expected to do and include

relevant time frames for each. Also

summarize the next step or task for

the next meeting if one is


Hall gives each client his

business card at the end of the

session. He hand writes his phone

number on the back of the card to

let the client know he or she is

important. He encourages the

client to telephone if questions

arise that may not have occurred to

the client during the interview.

Adapted by Judith R. Urich, Newsletter


President’s Message

Karen Varcoe, Cooperative Extension

Service, University of California


New Logo for AFCPE

Did you notice that the logo on

the front of the Newsletter is

different? At the November Board

meeting, it was decided that it was

time for AFCPE to update its

look. The development of the new

logo was the first step in the

process. The Board reviewed

several options from two graphic

artists and selected the one now

being used. We hope you like it.

Dates Change for Annual


I hope that all of you are aware

by now that the dates for the 1997

Annual Conference have changed.

The AFCPE Conference will now

be held December 17 to 20 at the

U.S. Grant Hotel, San Diego,

California with the AFC review

session, the military summit and

the extension meeting being held

December 15 and 16. The Board

apologizes to any one for whom

this will create an inconvenience.

There were several conflicts with

room requirements with the hotel

that necessitated this change.

While we did not want to make the

change, it appeared that we had no

option. We very much want our

Annual Meeting to be successful

and to meet the needs of all. We

hope this change will help make

that happen.

Board Biennial Retreat

The Board held a biennial

retreat at the Administrator’s

headquarters in Phoenix from June

5-7. This was a productive meeting

that helped us focus on the needs

of the organization as well as

develop plans for the future of

AFCPE. You will hear more about

this at the Annual Meeting.

Please remember the Board

welcomes your comments and

concerns and wants to hear from


Practitioner’s Corner

Jump$tart Coalition

Personal Financial Literacy

for Students

The Jump$tart Coalition, based

in Washington, D.C., is a non-profit organization whose nearly

20 members include federal

agencies, universities, non-profit

associations and sponsors of

education programs. The newly

formed group is dedicated to

improving personal financial

literacy among young adults.

The coalition’s goal is that, by

the year 2007, every student will

have skills to be financially

competent upon graduation from

high school. To realize that goal,

the coalition will market programs

already in existence, such as the

High School Financial Planning

Program (See next Newsletter


AFCPE members Jane

Schuchardt, Cooperative

Extension System, USDA,

William Anthes, National

Endowment for Financial

Education, Durant Abernathy,

National Foundation for Consumer

Credit, Rosella Bannister, National

Institute for Consumer Education,

or representatives from their

organizations are on the Board of


Dara Duguary, formerly

Director of Education for the

Consumer Credit Counseling

Service of Los Angeles (CCCS-LA) has been named Executive


High School Financial

Planning Program Update

Cooperative Extension System

(CES) educators representing 40

states and the District of Columbia

met in Colorado Spring, CO, May

16-17, to discuss issues related to

use and evaluation of the High

School Financial Planning

Program (HSFPP) by educators

across the country. The meeting

sponsored by the National

Endowment for Financial

Education (NEFE), Denver,

focused on recommendations for

enhancing the quality of the

program and making it more

widely available. CES and NEFE

have renewed a 3-year

memorandum of understanding

specifying the two organizations’

partnership in the revision,

delivery, and evaluation of the

program, which reaches thousands

of youth annually with personl

finance education. The program,

based on a six-part curriculum,

acquaints students with basic

financial planning concepts and

applications. Although the

curriculum is used primarily in

high school classrooms, it also is

adaptable for use by 4-H and other

youth-serving organizations. For

additional information contact

AFCPE members, Jane

Schuchardt, (202)720-5119, email:


Elizabeth Schiever, (303) 220-4847, email:

Personal Finance Employer

Education Initiative: Two


What Works Conference. A

conference on Personal Finance

Employer Education: What

will be held Wednesday

evening, November 5th and all day

November 6, 1997 at the Hotel

Roanoke and Conference Center in

Roanoke, Virginia. For

information, contact AFCPE

member, Dr. E. Thomas

Fellow, Center for

Organizational and Technological

Development, and Professor of

Personal Finance Employee

Education, Virginia Tech,

HIDMCT – 0424, Blacksburg, VA

24061-0424 or (540) 231-6677;

fax (540) 231-3250, email:

The Personal Finance

Employee Education (PFEE) web

site address is

Retirement Planning


The 1997 Annual

Conference for the International

Society for Retirement Planning

(ISRP), Teaming for Retirement:




September 18-20,

Sheraton Minneapolis

(MN) Metrodome.

AFCPE member, Tom Garman

will present at a Saturday session.

ISRP is a diverse group of about

400 involved in all aspects of

retirement and life planning.

Members include human resource

professionals, adult educators who

design and present retirement

planning seminars, financial

planners, CPAs, attorneys, and

others who do either the financial,

emotional, legal, lifestyle

retirement counseling, pension

administrators, labor union

leaders, researchers, persons

marketing retirement planning

products, advocates, and others.

For more information, try this

home page address:

www. isrplan.org/isrphome.htm

MONEY 2000 Marketing

Materials Available

In 1996, Rutgers Cooperative

Extension launched MONEY

2000, a program designed to

improve the financial well-being

of New Jersey residents through

increased savings and reduced

debt. Specifically, participants are

being encouraged to save and/or

reduce debt by at least $2,000 by

the end of the year 2000.

MONEY 2000 program

materials are available at a

nominal cost to financial

counselors and educators who are

interested in launching a similar

effort. Included are three curricula

on saving, debt, and cash flow, a

packet of samples of promotional

materials, and a 6 ½ minute

promotional video. For more

information, contact Barbara

O’Neill at (973 – NEW AREA

CODE)-579-0985 or by e-mail at

Cornell Cooperative Extension

also has MONEY 2000 materials

available for sharing. Contact B.J.

Bristow at (607) 254-5282 or by e-mail at:

Barbara O’Neill, Rutgers(NJ) Cooperative


1997 Annual Conference,

San Diego, CA

December 17-20


December 15-16

Jean Lown, 1997 Annual

Conference Program Chair,

announced that Robin Leonard,

author of numerous consumer

credit and bankruptcy books, will

be one of the keynote speakers.

Her books have been reviewed in

the Newsletter. She has given

frequent television, radio and print

media interviews, e.g., Money

Magazine, CNN, USA Today and

others. She is an AFCPE member,

received the 1994 Journalism

Award, and serves on the board of

the San Francisco office of the

Consumer Credit Counseling


Leonard’s talk will address the causes

for the increase in consumer

bankruptcy filings and the possible

or likely changes to the bankruptcy

laws recommended by the

National Bankruptcy Review

Commission or pending in

Congress and what those changes

might mean for consumer debtors.

Requests for Panel

Presentations and Round

Table Discussions
for the

Annual Conference must be

received —-ASAP—- if you want

to lead a panel or round table.

Contact Jean Lown at


Conference Registration

Packets Coming Soon

Registration Packets. Your

registration packets should be

arriving soon.

What to See and Do! In your

packet you will find information

on planned events you may wish to

participate in during your stay in

San Diego. Creative Connections,

a convention services management

company, has arranged five

possible excursions for our group.

They include a tour of San Diego,

a trip to Tijuana, a tour of La Jolla,

a dinner cruise, and a trip to the

San Diego Zoo and Balboa Park.

Information on trip prices and

times will be included in your

packet. All registration and other

arrangements will be handled

through Creative Connections.

Please read your tour information

form carefully.

Another entertainment

is to attend one of the

many performing arts productions

in the San Diego area. Located just

outside the U.S. Grant (in front of

Horton Plaza) is an Artstix ticket

booth. They have guides and sell

tickets to all the performing arts

events. Tickets available the day

of the event can be purchased at

half price.

We are looking forward to

your visit to San Diego. I am

sure you will find your stay

educational as well as


Connie Costello, University of California

Riverside Cooperative Extension, Local

Arrangements Chair

AFCPE Chapter-to-Be –

Columbus OH

We have now had three well-attended monthly meetings with 20

participants. A sub-committee is

charged with creating a charter to

propose to the Board this year.

Sherman Hanna helped us set up a

web page. Our meetings have

included topical presentations, e.g.

check cashing companies; Chapter

13 update, book review, as well as

local activities and events of

interest. Lunch and networking

are important attractions.

According to Edie Milligan,

one of the key leaders, the most

exciting part is that we have

attracted new people from a

variety of fields including

secondary educators, social

workers and accountants. “We

hope to be able to bring our story

to San Diego for other states to try

the same,” said Milligan.

Edie Milligan, KeepTrack, Inc.,

Columbus, OH. email:

Reminder! AFCPE Awards

Nominations Due September

1, 1997

All members are reminded that

nominations are requested for the

following awards to be presented

at the 1997 Annual Conference in

San Diego, California:

  • Financial Counselor of the Year

  • Journalism Award

  • Mary Ellen Edmundson Educator of the Year

  • Outstanding Education Program

  • Outstanding Financial Center

Applications and complete

details were included in the

1997 Newsletter.

Debbie Vosburg, Air Force Aid Society

IPF Talent Bank Needs

AFCPE Expertise

As the number of AFCs, CHCs,

and AHCs grows, the Institute for

Personal Finance (IPF) is being

called on to provide more services.

Some of these needs are for

continuing education classes,

review session, monographs, and

course revisions.

AFCPE has a wealth of talent

in its membership. IPF is

interested in hiring AFCPE

members to teach classes, write

monographs, and to work in

curriculum development. If you

have a particular talent and are

interested in applying to IPF’s

talent bank, please send the

following information to Ann

Coulson, IPF Director, P.O. Box

1253, Park Ridge, IL 60068:

Name, address, phone number, fax

number, e-mail address, what you

could provide for IPF, and your

qualifications. References will be

requested at a later time.

IPF will establish a talent bank

and when a need arises, will

contact individuals from that bank.

Ann Coulson, Director, Institute for

Personal Finance

Author’s Corner

Credit Repair. Attorney Robin

(1996). $15.95. Nolo

Press, 950 Parker St., Berkeley,

CA 94710. Author provides simple

and effective strategies for getting

out of debt, setting up a realistic

budget and rebuilding credit. She

discusses how the three major

credit bureaus work, how to read a

credit report, spot errors and get

them corrected, take action against

a credit bureau that doesn’t

remove incorrect data, get positive

information added to a credit file,

apply for secured credit, negotiate

with credit bureaus and get

negative information removed.

The information is included in the

context of the Federal Credit

Reporting Act and the Consumer

Credit Reporting Reform Act of

1996 which becomes effective

September 30, 1997. The dual

interpretations will help facilitate

credit counseling. In addition,

certain state laws change about

September 30, 1997. All state

laws, affected and unaffected are

listing in Appendix 2b. Appendix

1 lists resources which can help

you think through strategies to

repair your credit. Thirty

worksheets and sample letters are

included. Index. Robin will be one

of the keynote speakers at the

1997 Annual Meeting.

A Working Woman’s Guide

to Financial Security or What

Your Mother Never Told You

About Finances. Barbara Dahl

(1997). Grayslake, IL: University

of Illinois C.E.S. A new learn by

mail series gives women, between

ages of 18 and 50, the confidence

and money management skills

necessary to take control of their

finances and enable them to

become financially independent.

The series of 15 planning

guides is divided into three

sections: Planning for Financial

Independence, Developing Your

Financial Independence

Thinking Ahead (investments and

retirement). To order, send a check

or money order for $25, payable to

the University of Illinois CES to:

University of Illinois CES, 98

South U.S. Highway 45,

Grayslake, IL 60030. More

information can also be found on

the Web at


Go to the resources section, home

and finance, to find information

and an order form.

Money and Me: Healing Our

Relationship With Money.

Rose Martinez (1997). 178p.

Tucson, AZ: Treehouse Press.

(800) 585-9389. $15.95. Also

Handbook: Money and

Me Belief Inventory
, 42p. $6.50;

Money and Me Workbook, 79p.

$9.98. These materials are used in

the author’s, Money and Me

Workshops, which help

participants live based on their

values and intent by understanding

and reclaiming their personal

power with money. Author feels

an important aspect of successful

money management is understanding the seven principles of

energy and how they apply to

personal financial management.

Examples and exercises help the

reader understand their money

history, basic philosophy about

money, and communication about

money. For counselors looking for

a unique right brain approach to

helping clients understand their

relationship with money, this

collection deserves consideration.


Wall Street Fuels the Consumer

Debt Binge

Outstanding credit card debt

has doubled in the past five years

to $500 billion. The amount of

debt households must now service

has grown to its highest share of

income in 20 years. Annual

personal bankruptcies exceed 1
million cases.

The cause? It isn’t just a

consumer shopping frenzy or loan-happy banks. The real driving

force has been clever Wall Street

financiers. Over the past decade,

they bundled credit card loans and

sold them as bonds to investors.

The bonds are so profitable–almost $50 billion was raised least

year by investment bankers– that

card issuers can afford to take

chances on the less-than-creditworthy set.

By selling the credit card loans

as bonds, the investment bankers

don’t have to wait for consumers

to pay their credit card debts. And

they can use the bond money for

future loans (credit card debt).

Investors want the bonds because

their yields are higher than bonds

of similar risk and maturity.

The practice, known as

securitization, generates big fees

for Wall Street firms — $150

million for the top five firms.

What makes huge profits for card

issuers is the difference between

the rates it gets and pays out. The

cardholder’s interest to the issuer

is on average about 15 percent,

while the issuer’s interest

payments to the investors who buy

its bonds equals less than 7


Yet, credit card growth is slow

ing, partly because mounting debt

is currently at 5.45 percent of

balances and delinquency rates are

at their highest since 1973. As a

result mail solicitations are down

even though the average consumer

still gets 20 credit card offers each


If the Federal Reserve

continues to gradually increase

interest rates, it seems likely that

more consumers will file


Giving credit where credit is undue. U.S.

News & World Report, 3/31/97, 52.

Grantwriter’s Top Ten List

Grantwriter, Mike Ward,

Greenville, Mississippi, averaged a

92 percent success rate during his

20-year career as a grantwriter.

When he spoke to the Arkansas

Champion Communities Resource

Conference, November 1996, he

outlined the top ten
reasons for
success with proposals.

  • 10. Proposal includes all
    supporting documentation which is
    requested by the funding source.
  • 9. Original signatures are
    included on the cover letter and
    any required forms.
  • 8. Organized in a format
    consistent with the guidelines
    published by the funding source.
  • 7. Well-written in terms of gram-
    mar, spelling and punctuation and
    tells a story in a readable manner.
  • 6. Budget is reasonable, with
    concise budget narrative which
    completely explains all
  • 5. Plan of work is well-organized
    and contains a logical progression
    of methods by which goals and
    objectives will clearly be met.
  • 4. Objectives are measurable and
    flow logically from the goals as
    stated in the proposal.
  • 3. Goals are reasonable and flow
    logically from the mission of your
  • 2. Proposed work, taken as a
    whole, is compatible with and
    compliments both the mission of
    your organization and the stated
    guidelines and interest of the
    funding source.
  • And Ward’s Law is the Number
    One Reason

    1. The cover letter begins with
    Based on our recent
    conversation….” or its equivalent.

Southern Region Development Center,
Capsules, Vol 17 (2), February 1996.

Business Owner: Publicizing
Names of Hot Check Writers

At least one business owner in
Blytheville (AR) has seen a re-
duction of hot checks because he
publicizes the names of offenders
of the Arkansas Hot Check Law.
Customers are quick to come in to
his fast-food restaurant to pick up
their hot checks because if they
don’t their names are displayed on
a (large) sign in front of his
restaurant. The owner has
collected on all but two checks. A
spokes- woman for the police
department said persons ignoring a
hot check could wind up spending
$200 or more in fines, fees and
court costs.

Business owner: Publicizing names of hot
check writers works. Blytheville Courier,
5/8/97, p.1.


Web Sites

Tywell’s Insurance Finder.

Site for insurance agents to pull in
customers. Individuals can also get
quotes from at least five different
agents for many kinds of insurance

National Underwriter
Launches Web Site,
www.nuco.com. The National
Underwriter Company, publishers
of insurance and financial
planning education and sales
materials frequently highlighted in
the Newsletter, has a web site with
over 5,000 pages. Features include
current and archived articles,
online catalog, industry center, e-mail alerts, technical support with
links to FAQS and software
downloads, and a search-our-site
page which allows you to search
by just typing in a term or name.

Wealth on Minimal Wage.
James Steamer (1997). 203p.
$16.95. Dearborn Financial
Publishing, Inc., 155 North
Wacker Drive, Chicago, IL 60606-1719. The author, a financial
consultant, and his wife have
purchased a home, two cars, and
saved money — all on wages of
less than $20,000 a year. Today
they have a net worth of $250,000
in home equity and investments.
The author discusses his family’s
strategies including how to set
realistic goals, practicing delayed
gratification, adopting money
saving strategies, taking advantage
of freebies and bargains,
minimizing taxes and use of credit,
involving children in family
money decisions and using
allowances to teach money
management skills.

The Will Kit. John Ventura
(1996). 228p. $17.95. Appendices.
Index. Glossary. Dearborn
Financial Publishing, Inc., 155
North Wacker Drive, Chicago, IL
60606-1719. The author, a
consumer law attorney, gives an
easy to understand treatment of the
many aspects of estate planning
including the basics of estate
planning, using a financial
worksheet before you plan an
estate, selecting an executor and
beneficiaries, advantages and
disadvantages of various forms of
property ownership, probate, estate
taxes and what to think about if
you have children, planning for
possibility of incapacity, and
making changes. Wills of famous
people are included as examples.

Winning with Index Mutual
Jerry Tweddell & Jack
Pierce (1976). 194p. $24.95.
AMACOM, 1601 Broadway, New
York, NY 10019. An index
mutual fund is a securities
portfolio that seeks to duplicate
the return of its target index, e.g.,
Standard & Poor’s 500 Index. The
fund holds the actual securities in
the same proportion as the index
and as expected produces nearly
the same results. The authors view
investing in index funds as an all-weather investment, explain how
index funds work, the advantages
of using index funds over
individual mutual funds and
historical data. Chapters include
lists of stock and bond index
funds. With the recent success of
many index funds, financial
advisors often recommend index
funds. This book helps investors
understand the reasons behind the

Failure and Forgiveness:
Rebalancing the Bankruptcy
Karen Gross (1997).
302p. $30. Yale University Press,
P.O. Box 209040, New Haven, CT
06520-9040. With a record 1
million-plus bankruptcy cases in
1996, and the bankruptcy system
itself being stretched as it becomes
the receptacle for solving many of
society’s large problems, including
inflation, recession, credit
extension, health and retirement
benefits, divorce, and
unemployment, Gross takes both a
descriptive and prescriptive look at
the U.S. bankruptcy system. In
addition to the legal and economic
domain, Gross says we need to
consider bankruptcy outcomes in
the context of societal needs. In
addition to forgiveness,
bankruptcy should also involve
rehabilitation (including
education) for debtors. Gross
wants the process to look at the
principle of equality of outcome
rather than solely on the principle
of equality of treatment. And to
recognize and justify the role of
what is best for the community.

The Employer’s Legal
Handbook (2nd Edition).
Attorney Fred S. Steingold (1997).
$29.95. Nolo Press, Inc., 950
Parker St., Berkeley, CA 94710.
Whether an employer or employee,
workplace law regarding hiring,
personnel practices, employee
benefits, workplace health and
safety, worker’s compensation,
discrimination, termination,
disabilities, family and medical
leave are major concerns. Written
for employers, a thorough read
would minimize personnel
problems and help make yours a
fair and productive workplace.
Appendix. Index.

Leases and Rental
Marcia Stewart &
Attorney Ralph Warner (1996).
$18.95. Nolo Press, Inc., 950
Parker St., Berkeley, CA 94710.
The authors say getting all the
important terms of a tenancy in
writing is the single most
important precaution a landlord
can take to avoid legal problems
down the line. Advice is given in
the following critical areas: who
and how many people can live on
the rental property, length of
occupancy and type of agreement,
rent and security deposit rules, late
charges and return check charges,
sublets and assignments, various
landlord and tenant
responsibilities, and landlord’s
access to rental property. Ten
tables give respective state
landlord-tenant laws.Tear-out
Legal Forms. Index.

Wage Slave No More: The
Independent Contractor’s Legal
Attorney Stephen Fishman
(1997). $29.95. Nolo Press, Inc.,
950 Parker St., Berkeley, CA
94710. If you are are a self-employed financial counselor or
planner and want to offer your
services on a contractual basis, this
book offers a thorough discussion.
For an Independent Contractor
(IC), Federal and state
requirements and income tax rules
are complicated. Mistakes can be
costly. First is a thorough
discussion to determine if your
qualify as an IC. Next is a
discussion on how to start your
business and the best legal form,
the importance of record keeping
and tax rules and processes,
dealing with copyrights, patents,
and trade secrets, and specifics of
being an IC and client agreements.
For the latter, tear-out forms and
software are included. Here in
plain English is a manual to keep
you on track. Appendix. Index.

How to Insure Your Car.
The Merritt Editors (1996).
$12.95. Index. Santa Monica, CA:
Merritt Publishing. (800) 638-7597. 265p. Paperback (5 x 9).
$12.95. The first of a series
designed to make con- cepts and
theories of insurance un-
derstandable to ordinary
consumers. The publisher is
experienced at writing for the
insurance industry. They have
done an excellent job of presenting
technical information in lay
persons’ language. Topics include
why you need car insurance and
how much coverage to buy, the
technical nuts and bolts of car
insurance including space devoted
to definitions, shopping tips,
pricing, making claims, common
problems and avoiding fraud.
Index. An excellent reference for
persons teaching insurance
concepts to young adults.

From the same publisher is
How to Insure Your Home
(1996), 247p. Index. $12.95. This
is the second book in Merritt
Publishing’s, (Santa Monica, CA: .
(800) 638-7597) How to Insure
series. Starts with a discussion of
the importance of homeowners
insurance, helps you figure how
much insurance to buy. Provides a
good discussion of flood and
earthquake insurance, the
importance of liability coverage,
devotes a chapter to term
definitions, and another to how
insurance companies price
homeowners coverage. Includes
advice for consumers for making
claims and shopping strategies.

How to Insure Your Life.
Reg Wilson and The Merritt
Editors (1996).$12.95. Index.
Paperback (5 x 9). Santa Monica,
CA: Merritt Publishing. (800) 638-7597. 277p. Another in a series
designed to make the concepts and
theories of insurance
understandable. Format identical
to first in series. Comprehensive
discussion of life insurance
including why you need it and how
much to buy, definitions,
mechanics of types of policies –
term, whole life, universal,
variable and groups policies,
choosing the right kind, making
changes, life insurance as an estate
planning or investment tool, tax
issues, accelerated benefits,
pricing, and consumer tips.

How to Insure Your
(1997), also by Merritt
Publishing, 274p., Index. $12.95.
Here the discussion includes group
and individual disability income
insurance, disability aspects of
Social Security, Workers’
Compensations, and Accelerated
Benefits, long-term-care insurance
as income protection, deferred
compensation as an income
insurance tool, umbrella liability
insurance. Editors discuss pricing ,
claims adjustment, disability
insurance sold as riders to other
policies. Excellent discussion of
topics that are frequently
misunderstood and more often not
even explained.

Bulletin Board

Call for E-Mail Use!!!!

New e-mail users, send an e-mail message to The
Administrators Group with your correct e-mail address.
Use of e-mail facilitates communications and is cost-effective for the AFCPE organization.

Financial Counseling Seminar, August 20-22, 1997

Sponsored by the University of Georgia Cooperative
Extension Service and Fort Benning Army Community
Service, the 8th Annual Financial Counseling Seminar
will be in Columbus, GA. Earn 17 CECs for the
Accredited Financial Counselor (AFC) program. CEUs
and PDUs also available. For more information, contact
The University of Georgia, P.O. Box 1209, Tifton, GA
31793, ((912) 681-5189.

Congratulations to Jaimie Sung who completed her
Ph.D.at The Ohio State University. Her disertation
research concerned the extent of participation in
retirement funds, especially investing in stocks.
Hanna was her advisor. Their research
appeared in the latest issue of Journal of
Financial Counseling and Planning.
James Glassman,
writer for the Washington Post, cited their findings in
his column 5/25/97. Sung and Hanna found tolerance for
accepting risk increased with the amount of assets a
person owned.

Newsletter (ISSN-1096) of the Association for Financial
Counseling and Planning Education

Vol. 14, No. 3 July, 1997

Published quarterly January, April, July, October

EXECUTIVE DIRECTOR, Ruth Helein, The Administrator’s
Group, 3900 East Camelback Rd.., Suite 200, Phoenix, AZ 85018
(602)912-5331; FAX (602)957-4828;E-mail:


CFP, Director; c/o The Administrator’s Group (See above.)


KAREN VARCOE, President, Cooperative Extension Service,
University of California; Karen.Varcoe@ucr.edu

ESTHER MADDUX, CFP, Past-President, Cooperative
Extension Service, The University of Georgia

MICHAEL RUPURED, Vice-President, Cooperative Extension
Service, Kentucky State University, Mrupured@ca.uky.edu

FRED WADDELL, Secretary, Auburn University, AL

KENLYN CHRISTENOT, Treasurer, Port Mugu Navy FSC, CA,

Board Members

Sharon Burns, CPA, Columbus, OH

Judith Cohart, NFCC, Silver Springs, MD

Linda Fox, Cooperative Extension Service, University of Idaho

Deanna Sharpe, Family & Consumer Sciences, University of

Issac Templeton, USAC FSC, Alexandria, VA

Debbie Vosburg, Air Force Aid Society, Arlington, VA

Contributors: Connie Costello,Ann Coulson, Barbara Dahl,
Linda Fox, Tom Garman, Sherman Hanna, Jean Lown, Rose Ann
Martinez, Edie Milligan, Barbara O’Neill, Jane Schuchardt,
Karen Varcoe, Debbie Vosburg

Submit articles by September 2 to:

Judith R. Urich, CFP, Newsletter Editor, University of Arkansas,
NEREC, East Main (UPS); P.O. Box 48, Keiser, AR 72351-0048;

(870) 526-2199; FAX: (870) 526-2582

EMAIL: jurich@uaexsun.uaex.edu

AFCPE Home Page on the Web (for guests and new members)


AFCPE Home Page on the Web (for existing members)