Financial Wellness

You shouldn’t have to waste hours of your life worrying about money. With Financial Wellness, you gain a helping hand to guide you through the major financial changes and challenges you’ll face throughout life, from paying for college to buying a home to managing a budget. Call a financial counselor for a more hands-on approach, or tackle your financial situation independently with learning tracks through the Online Financial Wellness Center.

• Accredited or Certified Financial Counselors are accessible by phone to assess issues, discuss options, and help you determine the best course of action for your situation
  
• Online Financial Wellness Center does the heavy lifting for research, providing a variety of vetted articles, videos, worksheets, checklists, and more to guide your financial wellness journey
  
• Established learning tracks include resources for major life events, like getting married or having a child, and general financial goals, like developing a budget and eliminating student debt

“The average U.S. household with debt caries $15,355 in credit card debt.” Nerdwallet.com, 2019

“Employees stressed about money are eight times more likely to have sleepless nights.” Salary Finance, 2019

“Employers lose half a billion dollars a year to factors directly related to financial stress.” Salary Finance, 2019

“Financially stressed employees lose nearly one month (23–31 days) of productive work days per year and are 2.2 times more likely to seek a new job opportunity.” Salary Finance, 2019

“Personal finance is the number one source of stress across all employee demographics.” MetLife, 2019

“One in three employees admit to being less productive at work due to financial stress.” MetLife, 2019

“Debt is the number one financial struggle faced by employees.” International Foundation of Employee Benefit Plans, 2018

“The average American now has about $38,000 in personal debt.” Northwestern Mutual, 2018

“78 percent of U.S. workers live paycheck to paycheck to make ends meet.” CareerBuilder, 2017

Financial Wellness does not provide investment, legal, or tax advice.

How can Financial Wellness assist me?

Periodically you may need financial guidance and have nowhere to turn. Financial Wellness provides guidance whenever the need arises. Financial Wellness:

• Saves money–getting specific guidance makes you a smarter financial consumer and helps you use your financial resources more effectively
  
• Saves time–a quick call could save you hours
  
• Saves effort–sifting through information on your own can be overwhelming; using our counselors is the easiest way to find the right answers

It does not cost anything to call Financial Wellness and you can use the benefit as often as needed.

Everything from household debt and budgeting to retirement planning and saving for college education.

Some examples include:

• "I'm overwhelmed with debt. What can I do?"
  
• "We just started a family. How do I figure out how much insurance I need now?"
  
• "Is it time to refinance my mortgage?"
  
• "My mother just turned 65. What federal income tax benefits are available to her?"
  
• "I want to buy a new car but don't understand the financing details."
  
• "How does a reverse mortgage work?"
  
• "How can I reduce credit card interest?"
  
• "We're buying our first house. What type of mortgage should I look for?"
  
• "Does it make sense to borrow from my 401k account to pay off my debts?"
  

Are there online tools available?

There are a variety of planning tools you can use for quick calculations, such as a retirement planner, a Roth IRA planner, a college savings calculator, a 401(k) loan analyzer and more.

No, you may ask as many questions, as often as you want.

Counselors are all accredited, certified and experienced professionals with technical expertise and excellent communication skills.

Counselors can usually answer the question and provide guidance within one conversation. A follow-up call may be necessary if a counselor needs to obtain additional information.

The professional financial counselors help you understand and plan for day-to-day and long-term financial needs. Counselors do not provide specific investment or tax advice. You may be referred to an outside tax professional, investment advisor or a not-for-profit debt management agency for additional assistance. Financial Wellness receives no economic benefit from any outside referrals. Referrals do not constitute an endorsement or assurance of quality by Financial Wellness.