Financial Wellness for Your Life’s Journey

From the March 2019 Benefits eNews

It’s important to start financial planning early and to continuously monitor your financial health as you work toward your long-term goals.

  • Early in your career, it’s vital to establish smart spending habits—to carefully track your spending, start saving, build your credit and achieve financial independence.
  • If having a family is among your life goals, prepare to handle expenses for child care, daily living needs of children and life insurance to protect your family.
  • As you advance in your career, your priorities may change to funding children’s college educations, investing wisely and preparing for retirement.
  • In later life stages, it’s important to formalize an estate plan to minimize taxes and ensure that your legal, financial and medical wishes are carried out.

Source: Magellan Health

Tap into your Employee Assistance Program for interactive online resources, wellness tips and private counseling. Log in to MagellanHealth.com/member to get started. When prompted, type in BMC’s toll-free EAP number, 1-800-327-1393.

Topics:
Estate Planning Financial Wellness Retirement Saving Money Employee Assistance Program (EAP)