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?

 



Financial Wellness: Essential Knowledge for Managing Your Finances

With rising interest rates and the dramatic price increases for daily living expenses, it has never been more important to learn how to become more financially savvy. Karen W. Braun, CPA, PhD, and former Professor of Accountancy at WSOM, is offering 16 sessions on Financial Wellness. Topics include saving/budgeting, investing, planning for retirement, insurance, taxation, dealing with debt, and estate planning. Individual session descriptions can be found here.

This program is open to any benefits-eligible faculty or staff member. Participants in CWRU's Wellness Program can attend any 7 of these sessions to qualify for the Financial Well-Being program incentive, but are welcome and encouraged to attend as many as they would like. Recordings of each session will be sent out to participants and may be viewed if you cannot attend them live.

This 16-week course will run on Wednesdays from 12-1pm via Zoom, from 8/17 - 12/7 (no class the week of Thanksgiving.) Topics are listed below:

8/17 - Using Personal Budgets to Build Savings - Watch the recording here.

8/24 - Investing I: The Nuts & Bolts - Watch the recording here.

8/31 - Investing II: Investing Strategies - Watch the recording here.

9/7 - Investing III: Fixed Income and Annuities - Watch the recording here.

9/14 - What You Should Know About Social Security - Watch the recording here.

9/21 - Retirement Savings: Planning for the Golden Years - Watch the recording here.

9/28 - How to Protect and Improve Your Credit Score - Watch the recording here.

10/5 - Managing Debt: The Good and the Bad - Watch the recording here.

10/12 - Vehicle Debt: Lease or Buy? - Watch the recording here.

10/19 - Housing Debt: Mortgages and Refinancing - Watch the recording here.

10/26 - Credit Card Essentials - Watch the recording here.

11/2 - Estate Planning Essentials - Watch the recording here.

11/9 - Making Sense of Health Insurance - Watch the recording here.

11/16 - Life and Disability Insurance - Watch the recording here.

11/30 - Property, Causality, and Liability Insurance - Watch the recording here.

12/7 - The Essentials of Individual Taxation - Watch the recording here.


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
Be on the lookout for another series in Spring 2023.


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
Be on the lookout for another series in Spring 2023.


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.