The Jointure to Offer Financial Education Workshops

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The Jointure will be offering Financial Education Workshops as an addition to its course offerings this spring. James Kinney, a Certified Financial Planner in Bridgewater New Jersey, and instructor for the workshops, explains the importance of financial education in today's increasingly complex financial environment.

As the financial world and financial products become more and more complex, financial skills and knowledge are more important than ever. In response, The Jointure is offering two Financial Education Workshops in its Spring Catalog to provide adults with an opportunity to improve their knowledge of personal finance. James Kinney, a Certified Financial Planner and founder of Financial Pathways LLC, explains the importance of adult financial education. "Not too long ago, if you wanted to buy a house, you had to save 20% for a downpayment, and you couldn't take out a loan for more than 25% of your gross salary. If you couldn't afford a mortgage, you couldn't get one. Then suddenly, the industry invented ARMs, Option ARMS, Interest Only Mortgages, No-Doc mortgages, balloon mortgages, and started granting a mortgage to everyone who breathed. The level of complexity went far beyond what the public was able to handle. People were unable to shift gears from the mortgage company deciding what they could afford, to having to make the decision for themselves. Many people made bad decisions because they were simply unprepared for what they were getting into".

The problem of complexity does not end with mortgages, either. "Where once everyone had a corporate pension, there are now 401k plans, 403b plans, 457 plans, IRA's, Roth IRA's, SIMPLE's, SEPs, the level of complexity seems only limited by Congress's overly active imagination" explains Mr. Kinney. "And don't even get me started on the tax code or annuities and life insurance policies!"

Part of the solution is improved financial education. Ben Bernanke, Chairman of the Federal Reserve Board, said "Buying a home, saving for retirement…now requires more financial sophistication than ever before. Financially literate consumers make the financial marketplace work better, and they make better informed citizens as well." (Federal Reserve Bank of Dallas, 2007)

The Financial Education Workshops being offered by The Jointure offer an introduction to six crucial aspects of financial planning: Risk Management; Cash and Debt Management; Investments; Taxes; Retirement Planning and Estate Conservation. The courses will be offered as three two hour sessions. Session One will be March 3, 10, and 17 at Ridge High School in Basking Ridge. Session Two will be April 15, 22, and 29 at Hillsborough Middle School. See The Jointure catalog or visit for more information.

About The Jointure. The Jointure is a non-profit organization providing community based adult education opportunities in Somerset County. The Jointure course catalog is widely distributed among Somerset County households. The Jointure is not affiliated with CFD Companies or Financial Pathways.

About Financial Pathways. Financial Pathways LLC ( provides financial planning and advisory services to assist families and individuals planning for retirement, college, or other financial goals. Advisory services are provided through Creative Financial Designs Inc., a Registered Investment Advisor, and securities are offered through CFD Investments Inc. a Registered broker/dealer member FINRA/SIPC. Financial Pathways is not a subsidiary of or controlled by CFD Companies.


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Gee Snyder
The Jointure
908.722.0233 x13
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