TALLAHASSEE - Florida Chief Financial Officer Jeff Atwater today announced that his office will host a series of workshops to arm Florida seniors with information about the financial and insurance products being marketed to them as well as popular scams directed at their demographic. Entitled “Golden Rules for Your Golden Years,” the free workshops are designed to help seniors better navigate the marketplace and make better financial decisions.
CFO Atwater said the workshops are timely and pertinent because Florida currently ranks first in the nation in the percentage of residents age 60 or older and because a recent study from the Center for Retirement Research revealed that 48 percent of late baby boomers are at risk of being unable to maintain their current standard of living after they stop working.
“Our seniors are a constant target for unscrupulous individuals,” CFO Atwater said. “In order to support and protect this important and growing population in Florida, we must join together to educate ourselves so we can put an end to crimes against this generation.”
The workshops will be held in various cities across Florida in August, including St. Petersburg, Boca Raton, The Villages, Sarasota and Ft. Myers. Each event will take place from 9 a.m. to noon, with registration beginning at 8:30 a.m.
The workshops are part of CFO Atwater’s On Guard for Seniors initiative which was created to educate senior consumers about financial and insurance issues. On Guard includes information about annuities, reverse mortgages, long-term care insurance and identity theft; explains key terms; outlines important questions to ask; and provides educational videos of how some common insurance and financial products work.
For workshop locations, dates and more information, visit www.MyFloridaCFO.com/OnGuard, or contact the Division of Consumer Services at (850) 413-3089 or toll-free at 1-877-My-FL-CFO (693-5236).