Tag Archives: dime

Bank helps customers prepare for retirement


| tpetropoulosedit@queenscourier.com

The Courier/Photos

The road to retirement is often a tricky one, with many obstacles along the way.

On April 18, Dime Savings Bank tried to make that road a little smoother by hosting a dinner to discuss options for retirement with select customers at Luigi’s Italian Restaurant in Glen Oaks.

This is the third event of its kind the bank has done this year and the first in Queens.

“We believe that it is our responsibility as their bank to educate them on all the options that are available so they can make more money,” said Larry Kinitsky, Senior Vice President of Marketing at The Dime Savings Bank of Williamsburg, which helped organize the event. “In this event, we educate and reward our customers, let them have dinner and have a good time while also getting educated.”

In between a dinner of Italian specialties and a desert of assorted pastries, Mary Ferrante, regional vice president for U.S. Life, a partner of Dime Bank, gave a PowerPoint presentation and fielded questions from the roughly 45 attendees.

Ferrante discussed how planning for retirement has changed over the years, how every individual should have a specific plan, and the benefit of annuities.
“We all dream that when we are retired we can sit and relax in our rocking chairs,” said Ferrante. “No one wants to be in their rocking chair worrying about where their money is going.”

Branch managers from Garden City, Bayside, Hillcrest and Glen Oaks were also at the event, mingling with guests and giving one-on-one advice.

“I think the event was very informative and I learned a lot,” said attendee Carolyn Sorrentino. “It was absolutely better than anything I would have expected.”