Financial wellness impacts our relationship with money and how we manage resources.

Making informed decisions, living within your means, setting realistic goals and preparing for emergencies is how we become financially fit. VCU offers a variety of resources to help you meet your financial goals. 

 

Health insurance premium rewards
Employees and/or their eligible enrolled spouses in COVA Care and COVA HealthAware can earn premium rewards at any time during the plan year. To earn the reward, complete or update your health assessment questionnaire at www.myactivehealth.com/cova. For more information, click here.

Retirement savings benefits
Participate in a Tax Deferred Annuity (TDA) 403(b) program, the Roth 403(b) program as an after-tax savings vehicle and a Cash Match plan for eligible faculty and staff who contribute at least $10 (pre-tax) each pay period. Learn more about these programs.

Retirement counseling sessions
Sign up for individual retirement counseling with vendor representatives to review investment products and individual retirement counseling services.

Tuition waiver
VCU offers tuition waivers to faculty, adjunct faculty and classified staff. These waivers may be used for academic credit in a VCU undergraduate, graduate or first-professional degree course. The tuition waiver covers standard undergraduate and graduate tuition, university fee, student activity fee, student government fee, technology fee and capital outlay fee. Click here for more information.

Employee discounts
VCU employees are eligible for a variety of services and discounts using either their VCUCard ID or a special code.  Popular discounts include theme parks, travel and rental discounts, shopping, and area fitness facilities and clubs. Click here for more information.

Workshops
Work/Life offers lunchtime seminars on financial topics including  “How to Read Your Credit Report,” “Your Credit Score,” and “Holiday Budgeting.” To find out what’s being offered this semester, click here.

Financial fitness
Each year, VCU Benefits offers a series of financial fitness workshops that are free and open to all university faculty and staff and provide general savings and investment information.  For more information, click here.

Virginia Credit Union membership
VCU faculty and staff can join the Virginia Credit Union and save. Take advantage of low-cost financial services and educational resources. Learn more at vacu.org.

Helpful tips for financial wellness:

  • Create a budget calendar

  • Start a coupon book

  • Attend a VCU work/life event about financial fitness

Financial Webinars:

Spring cleaning your finances can help keep your goals on track. Reserve your spot today. Schedule online TIAA.org/webinars

Special Topic: Understanding the retirement decision

According to TIAA Institute research, about two-thirds of tenured faculty expect to work past normal retirement age or have already done so. Learn more from research experts about the financial, health and psychological factors that influence the retirement decision…some of them may even apply to you. March 7 at 12 p.m. (ET)

Special Topic: Social Security basics

Social Security will likely play a significant role in building your retirement income. Learn the basics about Social Security including eligibility, how to apply, how your benefit is calculated and strategies for claiming benefits. March 12 at 12 p.m. (ET)

Gaining Insight: Navigating debt consolidation and understanding the mortgage process

Discover how to manage and consolidate debt, and get a primer to help make the mortgage process easier to navigate. March 12 at 3 p.m. (ET)

Special Topic: Responsible Investing (RI)

Did you know that responsible investing enables investors to align their social and environmental principals with their financial goals? Learn the factors that make an investment socially responsible, the history of RI and ways for individuals to incorporate RI into their investment strategy. March 13 at 12 p.m. (ET)

Money at Work 1: Foundations of Investing

Discover how you can manage risk versus reward, as well as understand the role of investing and managing risks, ways to help accelerate savings and tools that can help sustain a portfolio. March 13 at 3 p.m. (ET)

Special Topic: Market-proof your retirement*

In retirement—and the years leading up to it—protecting your savings becomes just as important as growing it. Join us to learn how to create your own personal pension with TIAA Traditional, offered by Teachers Insurance and Annuity Association of America (TIAA).** March 14 at 12 p.m. (ET)

Postcards from the Future: A woman’s guide to saving and investing

Fewer years in the workforce. Longer life spans. Women saving for retirement face unique challenges. You can learn what it takes to overcome these challenges and help make your retirement dreams come true on schedule. March 14 at 3 p.m. (ET)

Special Topic: Tax planning in 2019

It is that time of year, when taxes are on our minds. Many of us will have just filed our income tax return and will want to think about income tax planning strategies for 2019. We also want to know if estate, gift or generation skipping transfer (GST) taxes will impact our planning. Join us to learn some common strategies to help leave more for you and for your heirs. April 16 at 12 p.m. (ET)

Tomorrow in Focus: Saving for your ideal retirement

Find out how retirement savings, planning and the real benefit of time are essential features of retirement investments. April 16 at 3 p.m. (ET)

Special Topic: Quarterly economic and market update

TIAA’s Chief Investment Strategist will discuss economic and market developments that may impact your retirement savings strategy. April 17 at 12 p.m. (ET)

The Starting Line: Beginning to save for retirement

You can learn how to evaluate and manage debt, find additional ways to save, create a budget and begin to plan for retirement. April 17 at 3 p.m. (ET)

Within Reach: Transitioning from career to retirement

You can plan ahead to help make the most out of your retirement—from paying yourself to allowing for taxes, healthcare and estate planning wishes. April 18 at 12 p.m. (ET)

These webinars provide general information that you should discuss with your personal tax and legal advisors to determine how it may apply to your individual circumstances. This material is for informational or educational purposes only and does not constitute investment advice under ERISA.