“These are all products that when thoroughly understood and used properly can be beneficial and fulfill an important financial need for you,” said Acting Director Mullen to a group of more than 50 seniors at Lions Head Woods residential community. “But the downside is if you don’t understand them, they can cause you problems. Our purpose in conducting these programs is to bring to you the information you need about these and other financial products to help you make educated decisions and avoid fraud.”

Acting Director Mullen spoke to a group as part of the Department’s ongoing Financial Literacy program for seniors, launched last year, in which Department staff talk to seniors about the many financial products geared toward them.