Why Financial Education in the Workplace?

Transcription

1 We inspire people to create the life they want, on their terms. Why Financial Education in the Workplace? The answer: Your bottom line. Money worries affect every part of your employees lives relationships, focus on the job, safety, and their physical health. As the employer, that may mean a less productive workforce, as well as increased safety issues, healthcare claims and premiums. What benefits does financial education in the workplace bring to you and your employees? Potential Benefits to the Employer Increased productivity employees are more focused on their jobs Reduced absenteeism reduced stress Reduced presenteeism their mind is on the job, not elsewhere Reduced health claims and costs healthier employees Reduced turnover national average cost to hire/train is typically 16% to 21% of a position s annual pay (Source: Center for American Progress, Nov 2012) Increased understanding, utilization, and appreciation for employee benefits i.e. flexible spending and retirement plan Expression of concern for your employees long-term welfare Potential Benefits to the Employees Increased financial wellbeing Gains in job performance Better health less stress Improved family relationships Adequate retirement preparation Appreciation for company s expression of concern Increased enrollment in retirement and flex plans 2400 NW 86th Street Suite 25, Des Moines, IA (515)

2 How Does It Work? First of all: No worries we get it. Brian Hood, CFP, our company founder, has over 20 years of experience as a financial educator in the workplace. Our program coordinator, Kathy Krogmeier, has over 26 years in HR Benefits with a passion for employee financial education. We get it. Legacy s programs are strictly educational. Employer We try to make programming easy for you! Our package includes: Invitations and material that you can use, not use, or modify as you see fit. Evaluation forms including ratings on the program and the speaker, future financial topics they would like to learn about, and space for comments. Evaluation summary the evaluations are pulled together into a convenient summary, and sent to you along with copies of the evaluations. Financial briefs Ongoing follow up using a series of quarterly financial briefs that you may offer to your employees. Legacy s program coordinator who is well versed in financial education programming. Employee We ve learned that employees often shy away from discussing their personal finances in front of others. That s why we include the option for a private conversation with the speaker either in person or over the phone. We don t try to sell anything. We re simply helping them find answers to their questions so they can move forward. Legacy Legacy is a fee-based Registered Investment Advisory firm, which means our primary fiduciary responsibility is always to do what is in our clients best interests. This allows us to bring real-life experiences to the classroom as powerful teaching tools. Putting or keeping yourself on track is hard work. We provide the motivation and knowledge, and the employee provides the hard work. What does Legacy get out of this? First, we charge a fee should you choose to offer a series of classes. Second, we get great PR out of teaching. Employees taking action and seeking resources to improve their wellbeing is a big positive for your programming! Check out our presentation options on the following pages, as well as the speaker and program coordinator biographies. Questions? Give Kathy at call at (515) or Kathy@LFGplanners.com.

3 Our Programming Options Lunch-and-Learn Programs 45 minutes or 1 hour - No Charge Typically offered over the lunch hour, our programs are designed to begin the discovery process of Financial Freedom. The classes have a limited scope due to the amount of time and often leaves the participants wanting more, thus providing a natural transition to a more in-depth Legacy education series. Getting Ahead Without Getting Behind Do you feel like a hamster on a wheel when it comes to trying to get ahead? Is it time to tell your money where to go instead of asking where it went? Now is the time to take charge of your financial life. Discover skills that can truly help you to change your life. Investing 101: Making the Most of Your Money What are the roadblocks to your financial success, and how do you overcome them? Every investment has risk from the most conservative to the most aggressive. In this session, you ll learn about risk and your reaction to it, and how that can guide you in choosing your investments. Am I On Track? Has your train left the station but you don t know where you re going? How do you know if you re on track with your financial future if you don t have a destination in mind? What are your financial goals? Getting out of debt? Saving for college? Retirement? This program focuses on the importance of setting realistic goals and laying out a map to help you work toward achieving them. Financial Stress and the Holidays Did you have a panic attack when you received your credit card bills in January? How can you defend yourself from the tricks that advertisers use to encourage overspending and learn to say No!? What are some simple methods to help you stay on track? Take a proactive stance with your finances this holiday season!

4 Ten Questions to Ask Your Aging Parents Most decisions concerning aging parents are made in a crisis situation. Do you have the information you need to handle their affairs in an emergency? Now is the time to ask key questions and help them to create a just-in-case file of their important documents. Program discussion points include: normal aging versus signs of concern, techniques for the discussion, fears, ten questions to ask, family meetings, and organizing information. Difficult Conversations: Ten Things to Share With Your Children (The flipside of Ten Questions to Ask Aging Parents) Decisions regarding your health and wellbeing are often made in a crisis situation. Families may need to react quickly and with emotions in high gear. Have you shared important information with your loved ones? Will they have what they need to handle your finances in an emergency situation? Join us for a discussion on how to begin the conversations, ten things to share, and some hints about family meetings. Social Security: What s YOUR Strategy? When am I eligible for Social Security benefits? What is the best time for me to begin them? Should I continue to work? Should I delay taking my benefits? What are spousal benefits, and do I qualify for them? What does the term claim and suspend mean? Is my benefit taxable? With hundreds of ways to take your benefit, incorporating Social Security within your retirement strategy is a vital step in your planning process. After the Last Paycheck Congratulations! It s your retirement party and you ve just been handed your last paycheck! Now what? Retirement income takes planning. What techniques can you use to turn your savings, investments and benefits into a regular paycheck in retirement? What are common mistakes that retiring employees make and how can you avoid them?

5 Feeling TAXed? - Tax Reduction Taxes! Not a topic we necessarily like to think about, is it? But consider a little planning may save you dollars on your tax bill both today and in the future. That s right decisions you make at any age can impact your retirement! Learn methods that can help you choose which options are right for you. Note: This program will focus on the big picture rather than diving into the details of a tax return. Harnessing the Power of Your Retirement Plan What you do as early as your 20s may impact your ability to the live the life you want in retirement. Why should something years down the road be important to you today? Why should you care? Start today and get your contributions working for you. What are your roadblocks? Let us help you bypass them and harness the power of your plan. Make it work to your advantage! Executive Training Fee based upon complexity of programming As executives work their way up the corporate ladder, they may be so focused on their job that they don t take time with their own finances. Often they need help and guidance in understanding options available to them. We have found the best format to reach this group is to present a market update and one financial planning topic at each session. Designed to appeal to the mid-level executive, our programs are customized for your organization, typically minutes, and are available on a quarterly, semi-annual, or annual basis. Also included are one-on-one conversations with our advisers.

6 Series 6 hours $30/participant Cost sharing encouraged Notice: Effective , the cost will move to $40. Programs booked in 2015 for 2016 will remain at $30. Where the lunch-and-learn programs are designed to provide an overview that will motivate employees, our series programs are designed to go much deeper. Legacy offers two series one focused on money basics, the other on retirement readiness. Each series is six hours, and can be broken into any combination of one-hour segments. We have found it to be more effective to separate your employees into different demographic groups. This allows the materials to be more pertinent to their pressing needs. Destination: Financial Freedom - Money Basics Series What is your vision of financial freedom? Getting your credit cards under control? The mortgage paid off? Having enough money to retire? How do you make your vision a reality? Where your finances are taking you? Are you on the right path? Come and find your ah-hah moment when it comes to money. A one-on-one session with the instructor is included to help you develop your goals and set a plan into place. Retirement Ahead: Am I Ready? What is your vision of retirement planning? For the average American, the focus is usually on money. Money has a huge impact on retirement, as do a number of other factors such as relationships, personal interests, time, and living a fulfilling life. Retirement Ahead looks at important elements of the planning process. The intertwining of financial and personal elements, along with an optional one-on-one visit with the instructor, can help you answer the question Am I Ready? Quarterly On-Site Visits No Charge On-Site Advisor Visits Our advisers are happy to spend time at your organization on a regular basis. In the past, we have found scheduling one day each quarter is optimal in connecting with employees who need guidance regarding their finances. For some companies, a quarterly lunch-and-learn program is conducted the same day. We just ask for a private meeting area and assistance with scheduling the appointments.

7 Presenters & Coordinator Brian J. Hood, CFP, is the Founder and Principal of Legacy Financial Group. He has worked extensively in the field of financial planning and wealth management since Brian brings this real-life experience to his programming. Brian is a noted speaker and is routinely invited to conduct educational workshops for major employers and their employees throughout Iowa. He has also had the privilege of speaking for Central Iowa SHRM, Iowa SHRM, and the Des Moines Chapter of ISCEBS. Brian.Hood@LFGplanners.com Michael F. Banasiak, CFP, has been with Legacy Financial Group since Mike s goal is to translate his clients dreams and aspirations into an action plan. He organizes clients assets, insurance, and their financial and estate plans to help simplify, consolidate and integrate every aspect of their financial future. Mike conducts financial wellness workshops for employers, organizations and associations throughout Iowa. He strongly believes in an interactive, building-block approach to learning about wealth management. Mike@LFGplanners.com Scott R. Arnburg, is a Financial Planner, joining Legacy Financial Group in He has a strong belief in using the power of financial planning to define stepping stones to long-term financial success. Scott is comfortable in the classroom, and especially enjoys watching participants find their ah-hah! moments. Scott@LFGplanners.com Kathy Krogmeier, CEBS CPE-Compliant, CRC, CRA, serves at Legacy s Wellness Events Coordinator. Kathy joined Legacy in 2011 after 26 years in Employee Benefits at EMC Insurance Companies. She coordinated her first retirement education program in 1986 and her first Financial Wellness Month in Both programs ran for over 20 years. Kathy has also been connected with the aging community since Kathy@LFGplanners.com