Products January 12, 2009

New Site Helps Young Investors Manage Finances

GenXpense.com, an interactive Web site offering important tools young adults need to skillfully manage their finances, has been introduced.
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Geared toward the teen and twentysomething audience, GenXpense.com educates users about the latest financial issues through video streaming technology. According to a press release, a series of videos featuring people ages 16 to 34 in dialogue with leaders having various financial expertise appears the moment users access the site, and each video tackles important topics such as saving, investing, student loans, taxes, insurance, and retirement. The site is advertiser-supported.

“We’re showing them that as our users grow, so will their financial product needs. GenXpense.com will recommend products to users based on criteria they input on the site. We’re developing technology so advertisers can track users’ financial development and see if they require new financial products,” said Matt Cimaglia, president and CEO of GenXpense, Inc., in the release.

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Products January 12, 2009

ING Introduces Educator's Direct 403(b) Program

ING has introduced the ING Educator's Direct 403(b) Program, a variable annuity issued by ING Life Insurance and Annuity Company, to education professionals in Delaware.
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According to a press release, the program makes retirement saving easier by offering a fund menu consisting solely of target-date maturity funds, and providing education, enrollment, and account management entirely online. In addition, online video tutorials provide information on the importance of saving for retirement, and the program’s online calculators are designed specifically for education professionals, the announcement said.

There are no minimums to get started, and the program offers competitive fees, according to ING.

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In 2008, ING was one of 13 companies selected as a provider for the State of Delaware’s 403(b) Plan, which is available to employees at 39 Delaware educational institutions including the State Department of Education, all public and charter schools, and two higher education institutions.

 

 

More information is available at www.INGEducatorsDirect.com.

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