TVH is a company that takes its employees’ wellness seriously. While many people think of physical fitness when they think of wellness, TVH takes it further by also encouraging financial wellness. In addition to providing employees with competitive pay and health insurance, and a 6% match on their 401(K) contributions, the company regularly invites speakers to share with staff ways to build a healthy financial life. Recently, staff in Olathe and Grayslake had the opportunity to participate in a four-part series on financial wellness presented by Chelsea Laub of Principal Securities. Each class touched on one of the four keys to financial wellness.
The first class discussed ways to improve personal cash flow. During the class, attendees learned methods for budgeting and saving money as well as managing debt. The second class discussed how protecting what’s important; your home, health and wealth, is essential to your long-term financial wellbeing. This is done by building an insurance portfolio that includes health insurance, life insurance, disability and long-term care coverage.
The third class discussed ways to save and grow your money which is typically done through investing. Attendees learned about the various avenues available as well as the risks involved with each. Laub stressed the importance of knowing your risk tolerance, as well as your timeline for why you’re investing.
The final class brought it all together and looked at ways attendees can secure their retirement. Longevity, inflation, public policy, healthcare costs and investment risk are all things that can negatively impact our retirement savings, which is why it’s to protect ourselves from as many of these variables as possible. She also reminded attendees to make sure they’re taking advantage of the company’s 6% 401(k) match; otherwise, they’re leaving free money on the table.
TVH believes that by exposing employees to resources such as these, they will be able to develop a plan that will best allow them to lead the life that they want, even after they leave TVH. Protecting our financial wellness means that we’ll have to spend less time working and more time doing things we enjoy; whether it’s doing hobbies, travelling, or spending time with family.