Your Financial Wellness Program Needs a Coach

Your Financial Wellness Program Needs a Coach

by Kate Elliot Financial stress is something employees bring to work with them every day. A survey performed by PWC, a company that’s been analyzing financial wealth among American employees for years, shows that financial stress is not only a burden to most employees, it’s something they bring to work with them every single day. The survey found that one in five employees find financial stress to be a distraction at work, while 37 percent of those say that they spend three or more hours a week dealing with personal financial issues, or…Continue Reading

The Rise of the Machine: The Artificially Intelligent Financial Coach

by Roxanna Coldiron In the very near future, you could be working with a specialized shopping assistant that determines your needs before you’re even aware of them and orders your groceries for the week’s menu and that designer outfit you need for an upcoming dinner event — long before you get the reminder on your smartphone from your mobile calendar. Artificial intelligence, or A.I., technology continues to become smarter and smarter, relying on the algorithms that quantify our lives and predict our behavior. What used to be science fiction is now a very…Continue Reading

Why Financial Wellness Needs to Be Part of Your Wellness Plan

by Roxanna Coldiron In recent years, wellness programs have become an important benefit for employers to offer their employees. Health care costs for employers continue to rise as Americans suffer from both age-related and chronic diseases, and society has also become more health conscious with a push toward healthy eating and exercise. Reducing the cost of health care required a focus on prevention: lowering risk of diseases and health-related issues due to high blood pressure, heart disease and obesity. Employers took note and now approximately half of U.S. employers offer wellness programs as…Continue Reading

What Arianna Huffington can teach us about Employee Wellness and Engagement

by Kate Elliot Too often, employees are overworked, stressed out, and exhausted, and they bring all of that to work with them every day. It’s a struggle for the employee just to get through their day, and this presents challenges for the employer. When a staff lacks energy and focus, they start under-producing, which can cost the whole company. This is the way of many American workplaces today, but Arianna Huffington, co-founder and Editor-in-Chief of Huffington Post, is trying to change that. Arianna Huffington knows how important the overall health of her employees…Continue Reading
A Case Study on Student Debt Repayment Assistance

A Case Study on Student Debt Repayment Assistance

The Discovery The term Pioneer is defined as “a person or group that originates or helps open up a new line of thought or activity or a new method or technical development.” Every now and then I come across a company that sees it as both a responsibility and opportunity to provide financial wellness within their organization in a more impactful way.   Natixis Global Asset Management is one such company. When Natixis announced their student loan repayment benefit nearly a year ago, they knew they were sailing in slightly unchartered waters, and creating…Continue Reading
Make College Free Again: Hillary vs. Trump on the $1.3 trillion student loan crisis

Make College Free Again: Hillary vs. Trump on the $1.3 trillion student loan crisis

The 2016 presidential debates will be interesting on many levels. One debate topic will be how each candidate plans to resolve the $1.3 trillion student loan crisis. Here is a brief summary of where each candidate currently stands on the issue. Hillary’s plan Community colleges will be free What this means: Students will be able to get an Associate’s Degree for free and then transfer to a 4 year university to complete the two years they would need to receive a bachelor’s degree, essentially halving the cost of what a 4 year program would cost.…Continue Reading
The Secret Weapon For Your Millennial Retention Strategy

The Secret Weapon For Your Millennial Retention Strategy

Employers are realizing that putting total control of retirement decisions in the hands of their employees was a bad idea.  Older employees are delaying retirement due to underfunding of their retirement portfolios and market volatility.  The end results are increased healthcare costs for companies to support an aging employee population and decreased upward mobility for younger employees.  Many employers have taken steps to solve the underfunding problem for future generations of retirees through auto-enrollment and auto-escalation in defined contribution plans.   However, they have been unable to solve a continually nagging problem.  How do…Continue Reading
Got Student Loans? Amazon Prime Can Lower Your Student Loans

Got Student Loans? Amazon Prime Can Lower Your Student Loans

Paying Your Student Loans Just Got Easier On July 21, Amazon announced a partnership with Wells Fargo.  Any Amazon Prime Student customer who applies and is approved for any of Wells Fargo’s private student loans products will get an additional 0.5 percent taken off of their interest rate.  The interest rate deduction can save Amazon Prime Student customers thousands of dollars in interest payments. Amazon Prime costs $99 per year, so the interest rate savings can pay for the service.  One small caveat, Amazon's website says the discount will be applied only to new loan applications received on or after…Continue Reading

What ‘House of Cards’ can teach us about student debt

The connection between 'House of Cards' and Student Debt I'm an avid fan of the series 'House of Cards', a political drama on Netflix, in which Frank Underwood (played by Kevin Spacey) and Claire Underwood (played by Robin Wright) use coercion, bribery and extortion to ascend to greater positions in the government.  Each episode takes you deeper into the tangled web of lies they are weaving in their quest for power, and you can't help but wonder when it will all come crashing down. The Wikipedia definition of "House of cards" is a structure or argument built…Continue Reading

YOLO – Why I’m Still in Debt After I Sold My First Company

When you’re the child of immigrant parents, you quickly learn the value of a dollar and the difference between needs and wants.  Food, basic shelter, education are needs.  Everything else is wants.  I wanted “everything else”, like name brand clothes and electronics.  I got tired of being the kid in school with the $20 pair of sneakers, so I got an afterschool job after 8th grade to get those wants.   My parents would have killed me if they knew I was spending $100 on a pair of Timberland boots or a 64MB MP3…Continue Reading