Financial wellness

COVID-19 Coronavirus – Financial Impact

There are many uncertainties surrounding the impact of COVID-19, but here are some resources you can access now to answer questions and help you manage your finances during these turbulent times.

From My Secure Advantage (MSA):

Read about Stock Market Corrections & Your Investment Strategy highlighting practical investment considerations and steps to consider in times of turbulent markets.

Financial Best Practices in Uncertain Times. It’s understandable to feel uneasy and question your investments and savings plans. The good news is that while market downturns happen, so do recoveries. This webinar focuses on how you can manage your financial health in the current environment. It includes key considerations for heightened market volatility, as well as next steps that you can take now and in the long term.

Live Webinars

Series A: Budgeting When Income is Uncertain | 9:00 AM (PST) on Fridays

Millions of Americans are seeing their income become increasingly unpredictable. The good news is that there are many new programs trying to help. Each webinar in this series will begin with a few minutes covering government-based programs and nationwide resources as they develop. The next twenty minutes or so will focus on specific budgeting tactics, student loan repayment strategies and debt/credit tips that can help during these challenging times. We’ll wrap up with 30 minutes spent addressing your questions.

April 03, 2020 | Register Here
April 10, 2020 | Register Here
April 17, 2020 | Register Here
April 24, 2020 | Register Here

Series B: Investment Strategies in Volatile Markets | 12:00 PM (PST) on Fridays

Financial markets are volatile whenever the future earnings of companies, the stability of industries or the direction of global economies are uncertain. So when this happens, what do you do? Each webinar in this series will spend a few minutes reviewing updates to government and corporate actions intended to stabilize the markets, with the majority of time centered on discussing investing principles, plus current investment opportunities and challenges. Investment themes addressed will be those most often brought up by our members. We’ll leave the last 30 minutes to address your questions and concerns.

April 03, 2020 | Register Here
April 10, 2020 | Register Here
April 17, 2020 | Register Here
April 24, 2020 | Register Here

Note: If you register and cannot attend, a recording of the webinar, along with a copy of the session presentation and handouts, will automatically be sent within 2 business days.

From Vanguard:

VIDEOS AND TIPS: Market Volatility and You Why is the stock market down? Should I sell my stocks? Before you react to market volatility, take a couple of minutes to understand why it happens, what’s going on right now, and what might happen in the future.

ONLINE EDUCATION LESSON: What Should I Do if Markets Drop? Remember, this has happened before. Learn how to hang on to your long-term perspective, focus on achieving your goals, control what you can, and take a deep breath.

LIVE WEBINAR: Volatile Markets – Principles of Investing Success
Dates: 3/31 and 4/2
Times: 9 am and 1 pm Pacific time.

Market volatility can be stressful for anyone—even when saving for a long-term goal like retirement. Vanguard will host a special webinar to help guide you through these uncertain times because understanding Vanguard’s investment philosophy can help you ride out the ups and downs of the market and reach your financial goals.

Reserve your spot today

My Secure Advantage (MSA)

New! Personalized Financial Coaching from My Secure Advantage (MSA)

My Secure Advantage (MSA) is a new, company-paid benefit that provides personalized financial support through a range of online resources and access to a Money Coach. With MSA, you can be confident about your finances in every stage of life — be it managing student loans, buying a home, growing a family, paying down debt, or planning your retirement.

Get started now. Visit getty.mysecureadvantage.com or call 888-724-2326. Your coach is available Monday through Friday, 6 a.m. – 8 p.m. Pacific time. MSA is available to full-time, benefits-eligible Getty employees.

If you log on to MSA’s website and complete their financial assessment between now and April 15th, you’ll be entered to win a $100 Amazon gift card. More details are available here. Note: You must use Chrome (not Internet Explorer) to complete the assessment.

2020 Webinar Schedule

Here are some of the many resources and services available to you:

 

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Assessment and action plan

Complete a financial assessment, receive an action plan based on your results, and track your financial wellbeing score over time to see your progress.

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Personal money coach

Finally, a mentor for your finances! Coaches don’t sell products or services. Their mission is to help you create, manage and achieve your financial goals.

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Private financial website

Year-round access to online video courses, articles, calculators and worksheets on your secure website. Schedule appointments, share files with your coach and more!

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MSA Wallet

Budgeting software to monitor your cash flow in one place with 24/7 visibility and bank-level security. Co-browse with your coach and create savings goals.

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Credit Score and report

Work with a coach to access ID monitoring and credit benefits year-round. Get your TransUnion credit score (updated every 30 days) and credit report (updated annually).

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Life events

Enjoy on-site classes, monthly webinars and live forums covering virtually all areas of finance and related life events.

 

Health Advocate

Access free financial guidance through Health Advocate

The key to financial wellness is taking small steps that are right for your personal situation. With Health Advocate, you have experts to guide you and access to free resources that are easy to take advantage of. Go to healthadvocate.com/getty or call 866-799-2728.

iconHere are some of the many resources available to you
  • Talk with a financial consultant. Get a free 30-minute consultation (per issue, per year). Topics include budgeting for everyday expenses, learning how to invest, managing legal issues and identity theft, and more. Call 866-799-2728.
  • Financial fitness center with more than 200 step-by-step online tutorials. Take a free online checkup and get recommendations for easy actions you can take today to improve your financial situation. Topics include money basics, saving, investing, paying student loans, planning retirement, buying a home, and more. Get started online now: from Health Advocate, under Finance (in the top navigation bar), click “Financial Fitness Center.”
  • Financial wellness guide with tips on how to make and manage a budget, save for specific financial goals, teach teens about money, manage debt and credit, and more.
  • Articles on debt elimination, credit consolidation, identity theft, investing, and more.
  • Calculators for car loans, credit payoff, mortgages, taxes, and retirement.
  • Webinars on estate planning, managing life transitions, and paying for college.
  • Downloadable forms for taxes, wills, and budgeting.

Stay on track for retirement and get support with everyday financial questions with Vanguard

Vanguard offers one-on-one advice as well as online lessons and tools to help you take control of your financial health. Go to Vanguard’s website to get started.

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Under age 55

Vanguard Financial Planning Services.

Get your questions answered by a financial advisor. The cost varies depending on how much you have invested with Vanguard. To get started, call 800-310-8952. You must be logged into your vanguard.com account when you call.

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Age 55 and Older – Free Services

Speak with a Vanguard financial advisor.

It’s a free, one-time service for plan members over age 55. Your financial advisor can help answer your questions about choosing investments, estate planning, and transitioning into retirement. To get started, call 800-310-8952. You must be logged into your vanguard.com account when you call.

iconResources for everyone (including some free tools)

To access the following programs and resources, go to www.vanguard.com/retirementplans or call 800-523-1188 Monday through Friday from 5:30 a.m. to 6 p.m. Pacific.

  • Free Vanguard Personal Online Advisor. Powered by Financial Engines, this service offers independent, online investment advice. The program forecasts your chances of reaching your retirement goals, provides fund recommendations, and helps you monitor your investments.
  • Online education. These free lessons help you take steps to manage your money and meet your savings goals. Topics include how much to save; how to manage debt; how to make sure you have enough retirement income; investing basics; and more.
  • Consider the Vanguard Managed Account Program. Powered by Financial Engines, this service will select your funds, invest your money, and periodically change your asset mix to suit your goals. The program can also consider money you’ve saved outside of Vanguard when developing your personal investment strategy. The annual fee for the program is based on a percentage of your assets, depending on your balance ($60 minimum annual fee).
  • Quarterly webinars help you to stay in-the-know. Check out the upcoming topics and register online.
  • With Roth contributions you pay taxes now, and your money grows tax-free into retirement!
  • Get help selecting your investments with the online investor questionnaire. You can consider your savings goals and get advice on your mix of stocks and bonds.
  • Pre-retiree toolkit. Access the income calculator and modeler tool, and check out helpful articles to help you prepare for retirement.
  • Make sure your beneficiaries are current. The person you name as your beneficiary will inherit the money you’ve saved in your account.

Make every dollar count. Save on expenses at work (and for fun!) with Employee Discounts

iconThe Getty helps you save with these employee discounts.

For details and discount instructions, check out the employee discounts page.

  • Free employee parking
  • Friends & family parking coupons
  • Café discount
  • The Getty Store discount
  • Working Advantage (movie tickets, theme parks, shopping, and attractions)
  • Aquarium of the Pacific
  • Computer Purchase Program (Apple and Dell)
  • Verizon Wireless Program

Jump start your savings with the University Credit Union (UCU)

You won’t miss money you don’t see! When you authorize payroll deductions to the UCU for savings and/or loan payments, it makes it easier to take small steps toward your goal. So set it, forget it, and let your savings grow. Visit the UCU website or call 424-320-4700.

You’re moving up … leave your student loans behind

As an employee of the Getty, a not-for-profit organization that is tax-exempt under Section 501 (c)(3) of the Internal Revenue Code, you may be entitled to receive student loan forgiveness under the Public Service Loan Forgiveness program. If you choose to apply, Cathy Pericone in Human Resources can sign the Employment Certification form.

Don’t let legal matters keep you from living life to its fullest

The pre-paid legal plan, provided by Hyatt Legal, can give you peace of mind and help you save time and money when taking care of your and your family’s legal matters. Services include will preparation, estate planning, and family law. For more information, visit the Hyatt Legal Plans website or call 800-821-6400. You can enroll during Open Enrollment, or as a new hire.

When your life changes, it can impact your finances, too

Check out the Life Events page to see what you need to do. For example, if you have a new baby (whether it’s the birth of a child, or through adoption), you’ll need to enroll the child in your Getty benefits within 31 days. You may also want to enroll in a Dependent Care FSA to use tax-advantaged dollars to pay for child care expenses.

Plan for your family’s financial security with Life & Accident Insurance

Through the Getty you have company-paid life and accident insurance coverage, and you also have the option to purchase additional coverage for yourself and your family.

Have you named a beneficiary? Remember, you must designate a beneficiary to receive the benefit paid by a life insurance policy. It’s important to keep your beneficiary information up to date, especially if you’ve recently experienced any life changes. Go to the Getty’s Employee Self Service (ESS) to update or change a beneficiary.