Professors Zvi Bodie and Laurence Kotlikoff to deliver day of
education and actionable steps to help ministers, rabbis, cantors,
priests, imams and their spouses take control of their retirement
May 24, 2010 (Business Wire) -- In recognition of a growing retirement security crisis among members of the clergy, distinguished Boston University professors, Zvi Bodie and Laurence Kotlikoff, are teaming up to provide a full day financial literacy and retirement planning seminar. The event, titled Clergy Financial Literacy and Retirement Planning: Trustworthy Finance for the Faithful, is open to ministers, rabbis, cantors, priests, imams and their spouses, and will be held at Boston University School of Management on Wednesday, June 23, 2010.
"There has never been a more critical time for members of the clergy to improve their financial literacy, take control of their personal finances and build towards a more secure retirement," said Reverend Dr. Bert White, Lecturer, Boston University and the seminar's coordinator. "What's more, this is an issue that impacts communities across the nation. The clergy plays an important and trusted role in the lives of parishioners; their level of financial literacy can directly impact their congregations by finding its way into sermons and guidance on a day-to-day basis."
The seminar will run from 8:45am to 3:45pm and will include a presentation by Professor Bodie ("Theory of Investing") and a presentation by Professor Kotlikoff ("Theory of Savings"). Attendees will then participate in an interactive, peer group discussion over lunch that will focus on how to put theory into practice ("Investments: Translating Theory to Practice"). After lunch, a panel discussion will be moderated by Paul Solman, business and economics correspondent, PBS NewsHour, and will include Professors Bodie and Kotlikoff as well as Rick Miller, founder of Sensible Financial Planning and Management. The day will close with Reverend Dr. White recapping the event, including outlining a range of tools and resources that have been developed to assist clergy members take the next steps toward financial literacy and personal financial security.
Commenting on the upcoming event, Professor Bodie said, "The clergy, like physicians and other professionals, face significant gaps in financial literacy which, combined with the challenging investment environment, stress on and mismanagement of their institutional pension plans, and the unique financial implications of a religious career, renders them in a tenuous place with respect to their financial security. We are hoping this event will provide agood foundation from which they can take charge and put themselves on a path to better meet their financial needs in retirement."
Registrations for the event are being accepted online at http://smg.bu.edu/Clergy/Signup.aspx. For more information about the event, including registration and agenda, please visit the website at http://smg.bu.edu/exec/elc/ClergyFinancialLiteracy/index.shtml.
For media inquiries related to the event, please contact Kerstin Österberg at T: 718.875.2121 / email@example.com
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