Charting a Path Through Uncertainty: Maintaining a Sense of Financial Wellness

Webinar

Today’s workforce is facing many financial challenges and now is a critical time for organizations to provide financial wellness guidance.

According to various surveys, 78% of Americans were already living check to check, workers were reducing 401k contributions and personal savings prior to this crisis and over half said they would likely have to tap their retirement plans prior to retirement – and now through the CARES Act, it is even easier to access those dollars today.1

As financial anxiety intensifies because of current health and economic crisis we will see, associated costs grow for employers. Recent research found that employee financial stress translated into nearly $250b in higher healthcare costs, lower productivity and lost wages every year.2

A recent Towers Watson survey found that the areas where 80% of employers are focusing first are on the low-hanging fruit – better promoting their existing resources, that being service from their providers and advisors.3

At MassMutual, we think in terms of short- and long-term goals. What do individuals need to consider in the short term that will enable them to keep the long-term goals in check. By offering a full suite of Financial Wellness Solutions including Health Savings Accounts, Student Loan Debt Repayment, and Emergency Savings; we can meet participants where they are and guide them to creating a financial wellness game plan for what’s now and what’s next.

In this webinar, you will learn:

  • How to approach financial wellness in a time of uncertainty
  • Ways to help participants with short- and long-term game plans
  • Your role and why this is a critical time for you to provide financial wellness guidance

Guidance may not be available for certain products. Guidance is based on MapMyFinances assumptions and information provided by the employee and employer.

12017, CareerBuilder, Living Paycheck to Paycheck is a Way of Life for a Majority of U.S. Workers.

22017, Think Advisor, Financial Stress Could Cost Employers Up to $250B in Lost Wages Annually.

32020, Plan Sponsor, Employers Are Beefing Up Financial Wellness Programs

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Details

On-Demand

Access: 90-Day Access | On-Demand Event Code: WEBINAR-20200806-PLAYBACK

Recorded Event

Please note: Prices are subject to change without notice. All sales are nonrefundable. Access to the live event is limited to the first 1000 participants, so be sure to log on up to 15 minutes prior to the event start time. The live event includes access to playback. Playback and the on-demand webinar are available two business days following the live event, and you can access them for 90 days. If you order the on-demand webinar after the live event, your 90-day access begins the day of order.

HRCI credits will only be granted for attending the live webinar event. On-demand webinars do not qualify for HRCI credit. You may receive a certificate of completion for watching an on-demand webinar. Please contact Customer Experience Team at 877-951-9191 (United States and Canada) or +1 480-951-9191 (other countries) or email customerrelations@worldatwork.org to request this certificate. You'll receive it in two to four weeks via email.

Presenters

Una Morabito

Head of Mid & Institutional Client Management | MassMutual

Una is Head of Institutional Markets and Worksite Client Management within MassMutual Workplace Solutions. Una joined MassMutual in 1996 and has spent her career in the Retirement Plan arena with over 28 years of industry experience. In her role, Una has accountability for the lifecycle of the customer experience leading the new business, account and relationship management teams. Una and her teams are focused on plan installations and ongoing plan management for retirement and voluntary benefits with an emphasis on delivering consultative solutions to ensure that we are helping plan participants with their overall financial wellness before and at retirement.

Una holds a Bachelor of Arts Degree in European Studies from the University of Limerick in Ireland. She also holds FINRA Series 6, 7, 24 & 63 registrations, and is a Retirement Plans Associate of the International Foundation for Employee Benefit Plans. She is also a member of the Board of Advisors for Loyalty360.

Ken Verzella

Head of Financial Wellness Strategist Group | MassMutual

In his role, Ken is responsible for the group dedicated to delivering a life navigation-based Financial Wellness program that evolves the way participants think, behave and feel about their financial life, in mutual partnership with employers and their Financial Intermediaries. He has over 20 years of institutional market experience.

Prior, Ken was a Vice President within Prudential Retirement’s Intellectual Capital Group. He was responsible for providing comprehensive investment consulting services to prominent DB/DC clients, as well as serving as a recurring speaker at industry forums discussing central matters that impacted the retirement landscape.

Previously, Ken was 2nd Vice President, Investment Services for New York Life Investment Management. He was responsible for the oversight of a group of investment professionals, conducting wide-ranging research and product management for clients.

Ken received his bachelor’s degree in finance from Bryant University’s Honors Program, and his Masters in Finance & International Management from Northeastern University. He holds several FINRA and Insurance licenses. Ken lives outside Hartford, Connecticut with his wife Michelle, and three children Owen, Brady, and Maeve.

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