Financial Well-being

Participating in a multi-session program to learn more about financial management 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.

Want to know more?


Fiscally Fit


During this series, our Vanguard and TIAA reps will help faculty and staff better prep for life's financial challenges. All topics are generalized enough so that TIAA participants can learn from the Vanguard rep and vice versa. All sessions are online from 12:00-1:00pm. The dates and topics for the 2022 session are:

6/2 – 529 Plans (Vanguard)
6/9 – Getting on Track for Retirement & Is Roth Right for you? (Vanguard)
6/16 – Help Protect You, Your Family, and Your Money (TIAA)
6/23 – The New Nest Egg: Why an HSA can be an Important Component to your Retirement Savings Strategy (TIAA)
6/30 – Hindsight 2020 (TIAA)
7/14 – Tax Planning Considerations (TIAA)
7/21 – Social Security Considerations (TIAA)
8/4 – Financial Freedom: Strategies for Reducing Debt and Saving More & Women and Investing (Vanguard)
 

Be on the lookout for a new series of this in Summer 2023


Financial Wellness 101

Financial stresses can negatively impact health and happiness. In Financial Wellness 101, faculty and staff will be given tools to make informed decisions about their money now and in the future.

1. Planting the seed:  Saving and the Time Value of Money
2. Investing: How to Make Your Money Grow 
3. Retirement Savings:  Planning for the Golden Years 
4. How to Protect and Improve your Credit Score 
5. Managing Debt: The Good and the Bad 
6. Property, Casualty, and Liability Insurance 
7. Life, Disability, and Long-Term Care Insurance 
8. Budgeting and Net Worth 

Financial Wellness 101
The most recent series occurred February 9 through March 30, 2022
 

Week 1 Recording

Week 2 Recording

Week 3 Recording

Week 4 Recording

Week 5 Recording

Week 6 Recording

Week 7 Recording

Week 8 Recording

Next Session Fall 2022

Financial Wellness 201

Building on the foundations in Financial Wellness 101, this second eight week series offers insights into other areas of financial fitness like paying off debt and how social security works.

1. The Essentials of Individual Taxation
2. Estate Planning Essentials 
3. Vehicle Debt:  Lease or Buy?
4. Housing Debt:  Mortgages and Refinancing
5. Making Sense of Health Insurance
6. What you Should Know about Social Security
7. Investing Part I:  The Nuts and Bolts
8. Investing Part II:  Additional Investment Considerations

Financial Wellness 201
The most recent series occurred February 10 through March 31, 2022
 

Week 1 Recording

Week 2 Recording

Week 3 Recording

Week 4 Recording

Week 5 Recording

Week 6 Recording

Week 7 Recording

Week 8 Recording

Next Session Fall 2022

Upcoming Finance Webinars

Our retirement partners at TIAA and Vanguard offer free webinars for all faculty and staff.

TIAA Webinars

To Register for TIAA webinars:

  1. Visit www.tiaa.org/webinars
  2. Under Guest Access click Register for Guest access
  3. Enter first name, last name, Email and a password of their choice
  4. You will be taken directly into the Live Webinar Lounge where you can register for the webinar and add it to their calendar

Vanguard Webinars

View a Vanguard webinar today!

Remember, these webinars are free to all faculty and staff, regardless of your retirement savings provider.

 

Upcoming Individual Counseling Sessions

Register for a one-on-one sessions with your rep. See upcoming dates for individual counseling with TIAA and Vanguard on the CWRU Benefits website.