Money Smart Week
Below is a list of Money Smart Week Bloomington-Normal, IL programs which will take place at Bloomington Library. Additional programs are being offered at other venues. Please note that five topics are being offered at the Library during a total of eight different time slots.
• Estate Planning and Wills: Leaving a Legacy
- Sunday, April 22; 2pm; Community Room
Who needs a will? What is probate, and can it be avoided? What is the real power of a trust, and are there tax benefits? Find these answers and more as we learn about the three parts of a will, the meaning of tax-free inheritance, lifetime giving exclusions, and how to incorporate these into your estate plan. Discuss strategies that will assist you in minimizing your death/estate taxes while maximizing your assets. This program is sponsored by the Foundation for Financial Education and is facilitated by presenter and financial planner Bernie Wrezinski.
• Retirement Planning in a Changing Economy: The Guide to a Sound Retirement
- Monday, April 23; 11:30am & 6pm; Community Room
Do not outlive your money! Learn how taxes and inflation impact retirement. Discuss stretch IRAs and RMDs and the benefits of having an “exit strategy.” Explore long-term care considerations and tools to prepare for a secure retirement in an ever-changing economy. This program is sponsored by the Foundation for Financial Education and is facilitated by presenter and financial planner Bernie Wrezinski.
• IRA/401K Rollovers: Uncovering Hidden Fees and Making Sound Decisions
- Tuesday, April 24; 11:30am & 6pm; Community Room
In this class, learn how to consolidate assets, access your retirement account for current needs, and avoid taxes. Discuss stretch IRAs, leaving IRAs behind, and IRS section 525. Also, discover how to capitalize during a market correction. This program is sponsored by the Foundation for Financial Education and is facilitated by presenter and financial planner Bernie Wrezinski.
• Five Advantages of Funeral Pre-Planning
- Wednesday, April 25, 10am
- Thursday, April 26,10am
Chad Sparks, public relations director for Calvert Funeral Homes, will discuss important advance considerations for funeral planning.
• Pay Yourself First: Saving and Planning for Your Financial Future
- Wednesday, April 25, 6pm
Do you feel alone in your struggle to save? Financial experts have emphasized the importance of saving for unexpected events and long-term financial goals. However, individuals and families at different income levels encounter challenges with saving. This 6pm program in the Bloomington Library Community Room addresses this issue and provides practical ways to help you establish and maintain healthy saving behaviors, even on a limited income. Camaya Wallace Bechard, Consumer Economics Educator, with University of Illinois Extension, is the presenter.