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CONTACT: LAURIE HAAG
Women's Resource and Action Center
5 Old Capitol
Iowa City IA 52242
(319) 335-1486
e-mail:laurie-haag@uiowa.edu

Release: Immediate

Presentation offers tips on retirement planning for women

IOWA CITY, Iowa -- "Women and Money: Retirement Planning for Women," another presentation in a series designed to help women learn more about financial issues, will be offered Monday, Feb. 23 in the Penn State Room of the Iowa Memorial Union on the campus of the University of Iowa.

The event is open to the public, but a $5 donation is requested of those who wish to attend. To register, call the Iowa Women's Foundation at (319) 337-4222 by Feb. 18. Some scholarships are available. For more information, call the Women's Resource and Action Center at (319) 335-1486.

Lois James, CPF/Registered Investment Advisor, will lead the program, focusing on issues such as planning for your retirement future; understanding Individual Retirement Accounts (IRA); and investing in stocks as a retirement option.

Statistics show that one of three baby boomers can expect to live past the age of 85, and more than 1 million will live to be over 100. That means that a retiree at age 65 needs enough savings to provide income for 35 years. Some of the factors that make retirement planning such an important issue for women are:

* Most women, even those married at retirement, will be on their own at some point.

* Women on the average earn less than men and have less discretionary income to save.

* Women live longer than men, about seven years longer on average, and must stretch their savings over a longer time.

The presentation is sponsored by the University of Iowa Women's Resource and Action Center, Johnson County Extension Service, Focus Forward, Iowa Women's Foundation, Johnson County Senior Center, Associated University Women, and Graduate Women in Business.

2/12/98