Financial Wellness Event: Tax Planning, Today at 1
Supporting your financial wellness as part of an overall wellbeing strategy is an evidence-based practice that helps everyone in the workplace thrive. NOVA’s Office of Employee Wellness and Wellbeing (OEWW) invites you to consider the following live and on-demand/just-in-time financial wellness resources offered in collaboration with DHRM, VRS, Virginia 529 and Corebridge Financial.
Financial concerns can significantly impact one’s ability to work productively. Financial stress can lead to sleepless nights, anxiety, an inability to focus, lower productivity and absenteeism. OEWW, recognizing the importance of proactively addressing concerns about uncertain economic situations, encourages you to take advantage of the many available resources to help you improve your financial wellness.
Live sessions are highly recommended because they allow you to ask questions about your specific financial circumstances. This month’s highlighted event is the Financial Fitness Boot Camp, a special session for NOVA employees on Wednesday, February 28, from 1 p.m. to 2 p.m. Registration for the event is now open. Check out the chart below for more on this and other wellness offerings.
Live Sessions
|
Date |
Time |
Session Title & Wellness Partner |
Description |
|
Wed., Feb. 21 |
1 p.m. |
Corebridge Financial |
Let’s talk about the basics of tax-planning. Join this webinar to learn about income tax, how to take advantage of tax-favored investments (like a retirement plan) and other important steps to minimize the impact of taxes on your long-term savings plan. |
|
Thurs., Feb. 22 (Session 2) |
8:30 p.m. |
Solving the Mystery of Credit Reports VACU |
Credit scores hold a lot of power: they can help you buy that first car or home, but they can also take away financial opportunities. This session provides an overview of credit bureaus and credit scoring, as well as guidance on disputing inaccuracies, improving your credit score and dealing with identity theft and fraud. |
|
Thurs., Feb. 22 |
9 a.m. – 9:45 a.m. |
Overview of the 457 Deferred Compensation Plan and Cash Match Plan Defined Contribution Plans (VRS) |
What is a 457 Deferred Compensation Plan? How about a Cash Match 401(a) Plan? Curious to know how your retirement plans work? Come learn about how these plans help you build your retirement future. (This presentation is appropriate for employees who are eligible to participate or are already participating in the Commonwealth of Virginia 457 Deferred Compensation Plan.) |
|
Thurs., Feb. 22 |
11:15 a.m. – |
Defined Contribution Plans (VRS) |
Changing employers? Retirement on the horizon? Understand the various distribution requirements and options within the Commonwealth of Virginia 457 and Virginia Cash Match plans. (This topic is appropriate for participants in the Commonwealth of Virginia 457 Deferred Compensation Plan and Virginia Cash Match Plan.) |
|
Thurs., Feb. 22 |
11 a.m. – 12 p.m. |
Understanding Your Investment Options Defined Contribution Plans (VRS) |
Do you find investing confusing? Learn about asset classes, diversification and the three investment paths available to you within the VRS Defined Contribution Plans. (This topic is appropriate for participants in the Commonwealth of Virginia 457 Deferred Compensation Plan, Virginia Cash Match Plan and/or the Hybrid Retirement Plan.) |
|
Tues., Feb. 27 |
3 p.m. |
Corebridge Financial |
Make your cash work harder so you’re more confident that you can reach your financial goals. All aspects of financial planning start with proper cash management. Attend this webinar if you’re new to financial planning or if you’d like some ideas on how to better manage your day-to-day financial resources. |
|
Wed, Feb. 28 |
1 p.m. – 2 p.m. |
EAP |
Special NOVA Employee Webinar: This month’s Monday Campaigns have looked at the transformative power of tiny tweaks. Now let’s apply the concept to financial wellness. Small, simple financial decisions can significantly impact our immediate and future circumstances. In this session, participants will learn how to navigate unanticipated financial situations, as well as cash flow and debt issues that can be a daily source of stress. Leave with ideas, tips and strategies to help you take small steps toward strong money habits. |
|
On-Demand Sessions/Just-In-Time Learning |
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|
DHRM |
Virginia’s Department of Human Resource Management offers a variety of resources to help you plan your future — and your present. Check out the resources in their monthly newsletter. |
|
|
Virginia529 |
Explore Virginia529’s webinar replays and video highlights to learn about saving for your education needs, opening an Invest529 account, using your account benefits and more. |
|
|
Corebridge Financial |
Scroll toward the bottom of the page to check out the free on-demand webinars. Topics include money management, insurance and “specialty” topics such as funding college expenses. |
|
|
Financial Literacy Made Easy |
Take your finances to the next level with the practical tips and step-by-step guidance in new online courses brought to you by the Khan Academy. You’ll learn everything you need to know to manage your finances like a pro — and build a solid foundation for your financial future. Khan Academy has created engaging and accessible content that covers topics such as budgeting, saving, investing, taxes and more. They have a wealth of content and a user-friendly platform to help empower you to take control of your money. |
|
|
Virginia Credit Union (VACU) |
Access tools and resources to help you live more confidently. Topics include Your Credit, Your Home, Your Car, Financial Management, Financial Education, Life Events and Security. |
|
|
Virginia Retirement System (VRS) |
Join the Money Mindfulness Program: If you’re ready to take your financial journey to the next level, consider starting the eight-week Money Mindfulness program available in myVRS Financial Wellness. Once you’re logged in through myVRS, click the “Mindfulness” button in the top-right corner of your screen. |
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|
Virginia Retirement System (VRS) |
For Active & Retired VRS Members: myVRS Personalized Content Expanded financial wellness content is now available exclusively for active and retired VRS members registered in myVRS. Discover interactive courses, personalized action plans and content recommendations based on your interests. Check back often for new content. |
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Virginia Retirement System (VRS) |
For Non-VRS Members: Start Learning Now Access money-management information; increase your knowledge of financial best practices; and make sense of things like credit, insurance and taxes. Tips, tools and time-savers will help you on your way now and also prepare you for retirement. |
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Please note: Information presented may include insurance products. NOVA does not endorse any particular products. This information is provided for educational purposes only. Please consult with your financial professional regarding your situation.
Submitted by:
Dahlia Henry-Tett, Chief Wellness Officer (CWO), employeewellbeing@nvcc.edu