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Faculty/Staff Wellness

Financial Well-being

Financial Well-being

Financial Well-being

Participating in a multi-session program to learn more about financial management and/or healthcare consumerism will meet the participation guidelines for this incentive. 

Why is this Important?

Financial health is an important component of well-being. Research supports a link between financial savings and healthy lifestyle habits as well as an association between better health and less health care expense.  Taking an active role in managing finances is associated with less stress, increased feelings of security, and greater financial confidence.  Gallup studies have found that financial security has a more significant impact than does income alone on employee well-being.

On-site Classes

Financial Wellness 201

In this advanced class, William Mahnic, Assoc Professor of Banking and Finance at Weatherhead will offer a deeper dive into many of your personal finance questions.

TWO Sessions
Wednesdays at NOON in the TVUC Senior Classroom
Wednesdays at 5:30 in Clapp 108
September 6 through November 1 (note: no classes 10/4)

Class 1. Annuities 9/6

  • Different types of annuities
  • The cost of different annuities
  • Pros and cons of annuities

Class 2. Reverse Mortgages 9/13

  • How it works
  • Who can apply?
  • Pros and Cons

 Class 3. Saving for College 9/20

  • Coverdell Educational Savings Accounts
  • State 529 Savings Plans
  • UGMA and UTMA

Class 4. Health Insurance 9/27

  • PPO
  • HMO
  • High Deductible Plans

Class 5. Long Term Healthcare 10/11

  • Do you need it?
  • Benefits and costs.
  • New types of coverage.

Class 6. How Social Security Works 10/18

  • How do you qualify for SSA benefits 10/25
  • Different types of benefits
  • How to maximize your SSA benefit.

Class 7. How to Use Credit Cards 10/25

  • Mechanics, cost and benefits.
  • Are Reward Cards Worth the Annual Fee?
  • What to do if you get into trouble.
  • How to establish credit for your children.

Class 8. Mutual Funds and ETFs 11/1

  • How Mutual Funds and ETFs work
  • Different types
  • Costs
  • Comparing Mutual Funds and ETFs

Register for Noon Class in TVUC Senior Classroom
Register for 5:30 PM Class in Clapp 108

Take the Financial IQ Challenge

Between April 3-28, TIAA offered all CWRU Faculty and Staff the chance to learn more about financial planning and a shot at winning an iPad mini.

Three participants won a drawing for a free mini iPad just for participating. The winners were:

  • Lisa Peters
  • Shannon Butcheck
  • Felicia Moss

Learn more: Financial IQ Challenge