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Money Management Plus provides
assistance with financial matters to certain individuals
who do not qualify for the Money Management Program.
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Money Management Plus |
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| Money Management Plus: Free Financial Planning Help Available |
If you are facing financial difficulties and don't qualify for the AARP
Foundation Money Management Program, here is potential help.
AARP has connected with the Project for Financial Independence, the nation's
first multi-organizational pro bono financial planning effort. This project,
coordinated by the National Endowment for Financial Education® (NEFE®), a
nonprofit organization that educates Americans about personal finance, is a
collaborative effort among six respected independent financial services
organizations. It provides personal financial advice to people who cannot
afford a financial advisor, or who are facing an immediate or unusual financial
crisis.
In order to receive pro bono financial planning assistance, you must meet at
least one of the following criteria:
- Have a low income according to the standards set forth by the U.S. Census.
For example, $9,500 for a one person household and $12,500 for two;
- Be facing an immediate financial crisis (e.g. recently experienced a
personal or widespread disaster, a long-term illness, the death of a family
member, an eldercare crisis, etc.);
- Be dealing with significant indebtedness or bankruptcy;
- Be enlisted in the military.
To see if you qualify for this assistance you can
download a form,
fill it out, and fax it to NEFE, or
fill out an online form.
Financial advisors may offer help with money management and related financial
education, and can also offer assistance with prioritizing debt repayments
and insurance costs. One of the project's goals is to empower individuals
with basic money management skills and knowledge.
For more information on the Project for Financial Independence visit
www.consultaplanner.org.
Please note referrals to the Project for Independence do not constitute an
endorsement of any information, advice, or recommendations of any individuals
who participate in this program. AARP Foundation has not selected any of the
financial planners for referrals in this program. However, we would be
interested in your experience working with a planner in this program.
Please give us your feedback.
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