Financial Well-Being
GW employees have access to programs to help you meet your financial goals and are eligible for special discounts as a member of the GW community.
NEW! GW's 2024 Financial Well-being Campaign
Money Management Style Definitions:
Juggler - employees who desire financial stability and may be anxious about how to best prioritize expenses to get by, however are hopeful to improve their current financial situation.
- Short -Term Priorities = pay current bills, start to save for emergencies, pay down debt
- Long-Term Priorities = Save for retirement, Save for big purchases like a home
- Challenges = building financial literacy, rebound from financial setbacks
Safeguarder - employees who desire financial certainty and are cautiously managing their finances and seeking safe, non-risky ways to save more.
- Short -Term Priorities = pay off student loans, start saving more for retirement, pay off debt
- Long-Term Priorities = plan for retirement, save for a big purchase like a home
- Challenges = prioritize competing obligations, save enough to retire comfortably
Aspirer - employees who desire financial freedom and are motivated to make improved financial decisions while actively exploring ways to achieve/make progress toward their financial goals.
- Short -Term Priorities = pay off debt, Save for college costs, start investing/build wealth
- Long-Term Priorities = Save for big purchases like a home, retire comfortably
- Challenges = build investing knowledge, save for multiple goals
Collaborator - employees who desire financial security and are free of short-term financial worries, however, prefer guidance to feel confident in their financial decisions for their future.
- Short -Term Priorities = maximize investments, protect against inflation
- Long-Term Priorities = retire comfortably, preserve money for future generation
- Challenges = live comfortably, maintain lifestyle & health
DIYer - employees who desire financial independence and want to feel empowered to make their own financial decisions and strategies.
- Short -Term Priorities = build wealth, save for retirement
- Long-Term Priorities = retire comfortably, preserve money for future generation
- Challenges = navigate complex financial topics, stay happy and healthy
Among today's diverse workforce, the path to financial well-being can be unique for every individual. Do you constantly struggle to get ahead and pay the next lot of bills? Or maybe you’re someone that always has money in the bank for whenever you need it. Whether you consider yourself a money juggler hoping for financial stability, a safeguarder desiring financial certainty, an aspirer wishing for financial freedom, a collaborator looking for financial security, or a DIYer set on financial independence, we invite you to join us as we explore strategies, tools, and resources tailored across these 5 different money management styles that can help you to improve your financial well-being and reach your financial goals.
The following events will be offered this month:
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Financial Well-being Resources
Retirement Counseling
Retirement consultants from Fidelity and TIAA are available to assist GW employees who are enrolled in the GW retirement plans. Gain more understanding about the plans, available investments, how to create a savings plan and more.
Support from Employee Assistance Program
Call the Employee Assistance Program number to speak with a financial consultant for free 30-minute consultation for each financial issue:
- Create a budget
- Set long-term goals
- Understand bankruptcy options and requirements
- Avoid foreclosure and handling creditors
- Prepare for a home purchase and saving for your down payment
1-866-522-8509/ TTY 711 | www.resourcesforliving.com | Username: GW-Wellbeing Password: Yourlife
Castlight
Castlight is on a mission to make it as easy as humanly possible for individuals to navigate the healthcare system and live happier, healthier, more productive lives.
Our health navigation platform connects you to health vendors, information related to your specific medical plan, FSA and HSA balances, and more. It's a comprehensive health and wellbeing experience.
Health Advocate
The GW HealthAdvocate Program is an independent healthcare advocacy and assistance company that offers individuals and their families personalized, expert help to navigate the healthcare and insurance systems to save time and money.