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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 101

Learn how to implement a sound investment strategy may help reduce financial stress and strengthen preparation for retirement. Series is led by William Mahnic, Assoc Professor of Banking and Finance at Weatherhead.

Wednesdays Jan 24 through March 28 (no class on Feb 21 or March 14)

Noon - Thwing Ballroom - Register Now
5:40 PM - BRB 105 - Register Now

Topics

Class 1. How Much Should I Save?

Class 2. Investing for Retirement - Part 1

  •      Risk
  •      Stocks, Bonds, and Cash
  •      Mutual Funds and ETFs
  •      Take the First Step
  •      What’s Best for Me?

Class #3 – Your CWRU 403b Plan, Traditional IRAs, and Roth IRAs

  • How the CWRU 403b Plan works.
  •     How to maximize the value of your CWRU 403b Plan.
  •     How a Traditional IRA works.
  •     How a Roth IRA works.
  •     What plan is best for you.

Class 4. Life Insurance and Disability Insurance

  •      Different Types of Life Insurance
  •      What’s Best for Me?
  •      Disability Insurance
  •      What’s Best for Me?

Class 5. Property, Casualty and Liability Insurance

  •      Protecting Your Wealth with Insurance.
  •      How to Avoid “Over” and “Under” insuring your property.
  •      Personal Liability Insurance.

Class 6. Your Credit Score

Class 7. Should you Buy or Lease Your Car

Class 8. The Smart Way to Pay Off Debt

  •      Home Mortgages
  •      Student Loans
  •      Credit Card Debt

 

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.

Look for this class in the FALL of 2018


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