1 / 18

Balancing Life's Priorities: Financial Management and Wellness Strategies

Discover the Five Bucket Principle to prioritize work, personal growth, family, community, and financial matters. Gain tools for setting goals, managing money, and preparing for the future. Learn about 401(k) plans, financial engines, and resources for legal assistance and estate planning. Take control of your financial well-being while staying motivated and making wise decisions. This workshop offers actionable steps for achieving balance and success in various aspects of your life.

ulysses-mcdaniel
Télécharger la présentation

Balancing Life's Priorities: Financial Management and Wellness Strategies

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. LIVESMART…MOVESMART…WORKSMART Tools for Balancing Life’s Priorities5Buckets Principle™September 17, 2014

  2. Agenda • Learn the Five Bucket Principle • Obtain the tools to prioritize • Think about the BIG PICTURE without ignoring the little things that matter

  3. Five Buckets 1. Work & Career 2. Personal Growth and Development 3. Family & Friends 4. Community - Connections 5. Financial

  4. “Take your life in your own hands and what happens? A terrible thing: no one to blame.” – Erica Jong

  5. Financial – Managing Money • Goal setting • Nickel and dime spending • Retirement planning • Start now • Meat vs. Gravy • Be prepared for the unexpected • Debt management • Family values • Inheriting spending habits

  6. 401(k)—Plan Overview • Pre-tax contributions • All employees can contribute up to 30% of eligible pay, up to the IRS limit: • $17,500 if under age 50 • $23,000 if age 50 or older, or turning age 50 in 2014 • All employees set up with automatic 5% pretax contribution and enrollment in the Financial Engines Professional Management Program • Motorola Mobility matches 100% of employees’ contributions, up to the first 4% • Employees are immediately vested in their contributions; vested after one year in Motorola Mobility’s contributions • After-tax contributions • Can contribute up to 20% of eligible pay • Immediately vested • Combined pre-tax and after-tax contribution for 2014 is $51,000 • https://sites.google.com/a/motorola.com/portal/hr/pay-finances/retiring-investing/401-k • Aon Hewitt Personal Finance Center • Provides access to a network of fully vetted financial planners in your area • Call 1-866-437-3375, email hfs.pfc@aonhewitt.com, or online on Your Benefits Resources under the Savings and Retirement tab on the home page.

  7. 401(k)—Financial Engines • Professional Management Program • Investment funds managed by professionals • Annual fee to participate • Account balance of $5,000 to $100,000: 0.35% fee • Next $150,000: 0.25% fee • Additional assets: 0.10% fee • You can cancel your participation at any time • Personal Online Advisor • Online advice on how to invest your account • No fee to participate • Mot-mobilitylivesmart.com

  8. Additional Resources Available For You Voluntary Benefits • Legal Assistance Plan through MetLaw/Hyatt Legal ($21.40 per month premium) • Assistance with Will preparation • Estate Planning • Debt management • Free Will preparation also available through Prudential at estateguidance.comwith Code: MMBWILL • LifeCare Resource and Referral (www.lifecare.com) • Anthem EAP services (anthemeap.com)

  9. Will Power • Active only in 1/6th of your brain • 5/6th of your brain power operates at subconscious level • Manual control rather than autopilot • Enable yourself to stay motivated

  10. “One worthwhile task carried to a successful conclusion is worth half-a-hundred half-finished tasks.” - Michael S. Forbes

  11. Let’s Recap The Five Buckets 1. Work & Career 2. Personal Growth and Development 3. Family & Friends 4. Community - Connections 5. Financial

  12. Work & Career • Reframe attitude • List what you like about work • Make a “D.I.G.” file • Grow and learn • Manage time wasters Work harder than you ever thought you could!

  13. Personal Growth & Development Always be learning • Brain exercises • Write eulogy/retirement speech • Re-evaluate your choices • Role model your priorities

  14. Family & Friends • Family • Quality vs. Quantity time • Listening • Set boundaries • It is ok to say no • Friends • Happy for you during good times, but will coach you through bad times • Be selective

  15. Community & Spirituality • Outreach • Volunteering • Making Connections • Giving, caring and mattering • Involve family members The world we live in really is small – even more important to care

  16. Avoid Procrastination • 50% average in making good decisions • We’re good decision makers, NOT good problem solvers • Analyze facts quickly, make decision, live with the results!

  17. What 3 Action Steps will you commit to working on? 1. _______________________________________ 2. _______________________________________ 3. _______________________________________

  18. Assistance for you and your family! • Daily Life resources • Face-to-face sessions • Legal/Financial consultations • Child/Eldercare consultation & referrals • ID theft prevention & recovery service • Tobacco cessation: coaching & online • Comprehensive website Call 888-479-5855 Or go to our website at www.anthemeap.com Login: mot-mobility

More Related