Well-being Financial Well-Being Landing Page May 14, 2024
  Financial Well-Being

 


Everyone wants to be able to provide for themselves and their family and plan for the future. Income alone does not determine financial well-being.  Just as you continue to learn new skills to grow in your career, we must also continue to develop the skills to effectively manage our financial well-being at every stage in our lives.

Financial Well-Being is often described as:

  • Control over day to day finances
  • Capacity to absorb a financial shock
  • On track to meet financial goals
  • Financial freedom to make choices and enjoy life

At American Greetings, we offer support to help our associates get financially fit. Read on for all the info.

Employee Assistance Program (EAP) with Health Advocate

No matter your stage in life, our Employee Assistance Program (EAP) with Health Advocate has online tools and resources, as well as financial and legal specialists, who can help you better manage your money, reduce debt and save for the future. The Health Advocate website has a Finance section that includes:

  • Articles on debt elimination, credit consolidation, identity theft, investing and more
  • Calculators for car loans, credit payoff, mortgages, taxes, and retirement
  • Webinars for estate planning, managing life transactions and paying for college
  • Downloadable Forms for taxes, wills, and budgeting
  • A Financial Fitness Center - view over 200 step-by-step online tutorials to help you make sound decisions about choosing benefits, health and life insurancem investing, saving, paying student loans, planning for retirement, buying a home and much more!

The EAP also offers telephone consultations to help you make informed decisions about specific issues. For instance:

  • Financial Specialists - talk to a financial professional on debt management, life insurance needs, college funding and more.
  • Legal Specialists - the program provides a half-hour consultation with an attorney on most legal issues such as bankruptcy, estate planning, real estate, family law issues, criminal, motor vehicle law and elder law. In most cases, discounted rates are available if further legal representation is needed.
  • ID Theft - talk to a certified financial counselor about identity theft – i.e. how to minimize your chances of becoming a victim and steps to take if you experience identity theft.

Get started on your financial wellness today! Contact Health Advocate by:

Phone: (877) 240-6863
Email: answers@healthadvocate.com
Online: www.HealthAdvocate.com/members

Retirement Savings Plan (RSP)

The American Greetings RSP is designed to help you reach your long-term retirement financial goals. Participating in the RSP may be one of the best things you can do to save for the future and insure financial well-being. To learn more about the RSP, administered by Vanguard, go here.

Vanguard Financial Planning Services

If you are age 50 or older, you can speak with a financial advisor free of charge. Your financial advisor can help you work through your questions about choosing investments, saving for college, and transitioning into retirement.

Your financial advisor may suggest that you take advantage of a complimentary Vanguard Financial Plan. They can recommend an appropriate asset allocation strategy for your situation, determine whether your current savings rate will help you meet your retirement goals, suggest what to do if there's a projected shortfall, and estimate how much you can safely spend each year in retirement.

For either service, you'll complete an online questionnaire about your goals and current portfolio and then schedule a phone consultation with a financial advisor.

Your assigned financial advisor is a salaried professional who receives no commission for his or her recommendations. If you are under age 50, you can pay for a Vanguard Financial Plan; the cost varies depending on the amount you have invested with Vanguard.

Questions?

Don't let your financial questions go unanswered. To learn more or get started, call Vanguard Participant Services @ (800) 523-1188 - Monday through Friday from 8:30 a.m. to 9 p.m., ET.

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