See The Greenleaf Financial Wellness Video:
“Beyond Your Retirement Plan.”
A generation ago, it was not as important for individuals to be as financially astute. There were not as many choices or as much information available. Many were enrolled in pension funds that promised retirement income. The retirement income responsibility fell on the employer offering the pension. In addition, life expectancy was a lot shorter than it is today. Health care was broader based. But now, the average life expectancy of a couple age 65 is age 85 according to Social Security Administration!
We believe financial literacy efforts need three key qualities to be effective.
The program needs to be;
- ongoing and objective
- interactive and informative
- relevant to each individual
Why Offer Financial Wellness?
These programs can improve overall financial well being and reduce employee stress. Human resources can be impacted by decreases absenteeism and increased productivity. From a benefits perspective, a program can help drive higher retirement plan participation rates, balances, and even help employees retire on Time. Studies have shown that wellness program can reduce Healthcare Expenses and raise workplace morale.