President’s Biography

President’s Message

Greetings to our Current and Prospective Members! Welcome to the American Financial Education Alliance (AFEA) Wilmington, NC Chapter’s website! It is my great honor and pleasure to serve as president and to share information about our great chapter. AFEA is a dynamic and growing non-profit organization which exists to provide a forum where people of all walks of life can gain information, education and experience about managing and understanding their finances.

AFEA Welcomes New Chapter President


.Wilmington, NC, November 13, 2013 – The American Financial.Education Alliance, a national advocate for greater financial in U.S. schools, announced today that its Board of Directors.unanimously voted to name E.A. “Ted” Reinheimer as the new Chapter President of.AFEA’s Wilmington Chapter.

Bringing 30 years of experience to the Chapter, Ted,.a graduate of Elon University, with a B.S. in Finance is a member of Million.Dollar Round Table, First Presbyterian Church of Myrtle Beach, and also The.Chamber of Commerce.

AFEA is thrilled to have Ted join us in our fight to.eliminate financial illiteracy and empower Americans to take control of their.

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Chapter News

5 Reasons Annuities Will Become a Force for the Baby Boomer Generation

By Bill Broich

1. Outsmarting Longevity Risk: Income Rider. Income riders changed the deal. No longer accurate is the perception that insurance companies are offering income so when the annuitant dies, they keep the money. For years, this has been the myth. The creation of fixed indexed annuities with income riders (guaranteed lifetime benefits) means retirees can enjoy lifetime income, protect against living too long and still have control of their money if they choose.

2. Banks Yields Are Low and Will Remain Low. It is a political guarantee based on one simple concept: the government must keep interest rates low to avoid an even higher deficit. Many depositors sit and wait for the good old days, days with bank....

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