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SEC Puts Out Online Tool Kit

Tuesday, August 25, 1998; 5:35 p.m. EDT

WASHINGTON (AP) -- The Securities and Exchange Commission has put together an online version of its "Financial Facts Tool Kit," part of a joint government-business campaign for investor education.

The kit is available on the SEC's Web site at www.sec.gov, the agency said Tuesday.

It includes an interactive version of the "ballpark estimate," a worksheet for calculating how much money people should save each year for retirement.

Other features include a suggested form for taking notes when talking to a financial professional such as a stockbroker, a primer titled "Get the Facts on Saving and Investing," tips on planning for retirement, advice from securities regulators on investing wisely and guides to understanding mutual funds, market risks, corporate and municipal bonds.

"We want to hammer home the message that anyone can build financial security once they have the right tools," said Nancy Smith, director of the SEC's Office of Investor Education.

People without Internet access can order free copies of the "Financial Facts Tool Kit" by calling 1-800-732-0330. Delivery takes six to eight weeks.

© Copyright 1998 The Associated Press

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