Financial well-being can be defined as “a state of being wherein a person can fully meet current and ongoing financial obligations, can feel secure in their financial future, and is able to make choices that allow enjoyment of life." (Source: consumerfinance.gov)
In addition to offering retirement options for its employees, the University of Iowa sponsors financial education opportunities. Financial well-being programs are offered in collaboration between University Benefits and UI Wellness.
On-Campus and Web Events
Financial well-being classes and events are held throughout the year on a variety of topics ranging from paying off student loans to maximizing your retirement assets. Visit this page for the most up-to-date information on these events.
The TIAA website can provide:
- Detailed information about retirement and savings plans
- Information about scheduling on- or off-campus appointments with local TIAA financial advisors
- Tips for managing debt, saving, and investing no matter where you are in life
- On-demand webinars on a variety of financial well-being topics (log in required)
- Retirement information: Learn about retirement eligibility, benefits options, and other helpful resources for retirees.
- Voluntary Retirement Savings Program
- liveWELL Healthy Living Center via Self-Service
- UI Employee Discount Program
- Flexible Spending Accounts
- Consumer Credit Counseling (referrals through Employee Assistance Program): The Employee Assistance Program (EAP) offers support for faculty and staff who are having financial difficulties. Through an arrangement with Horizon's Financial Health and Wellness Program, EAP will pay for up to three financial consultations. Horizons offers meetings with a financial expert to discuss financial-management concerns. They provide a wide variety of classes and supports through their programs, many at reduced fees or free. UI faculty or staff members who would like to take advantage of this free consultation should schedule a one-time meeting with an EAP counselor.
- Free access to the course, Finances of Caregiving, providing participant materials and guidance to assist family caregivers in protecting their assets and preparing for their own retirement while providing care.
- Public Service Loan Forgiveness Program: If you are employed by a government or not-for-profit organization, you may be able to receive loan forgiveness under the Public Service Loan Forgiveness Program