The Insured Retirement Institute (IRI) is praising Senate efforts to examine the state of financial literacy and gather information on improving consumer awareness.
“We are grateful to Sens. Mike Enzi (R-WY) and Bernie Sanders (I-VT) for their leadership on financial literacy,” Cathy Weatherford, IRI president and CEO wrote in correspondence to the Senate Health, Education, Labor and Pension Subcommittee on Primary Health and Retirement Security. “IRI and the retirement income industry look forward working with them and the Committee to expand the financial literacy and retirement planning skills of all Americans.”
Officials said the IRI and the National Retirement Planning Coalition (NRPC) provided a series of Tips for Consumers offered to financial professionals, which are approved by the Financial Industry Regulatory Authority (FINRA) and used to educate and inform consumers about making decisions regarding their finances and retirement.
“Since 2009, IRI has proudly led the NRPC,” Weatherford said. “The NRPC is comprised of prominent financial education, consumer advocate, and financial services organizations, all of whom are dedicated to improving consumer financial education and demonstrating that it is possible to retire on your terms if comprehensive retirement plans are developed and managed.”
Weatherford said the IRI-led coalition sponsors National Retirement Planning Week each April in conjunction with Financial Literacy Month and provides research, resources, and tools for consumers, financial professionals, and policymakers at RetireOnYourTerms.org.