How to Navigate Your Financial Future Now

Watch this 3-part video series for expert tips and money-management strategies to cope with financial impacts due to COVID-19.

 

July 1, 2020

 

Part 1: Charting the Course Forward

The CARES (Coronavirus Aid, Relief and Economic Security) Act—a $2.2 trillion economic stimulus program passed by Congress in March 2020—as well as regulatory changes could affect your finances. You may have received an economic impact payment, be eligible for some student loan relief, or considered taking a temporary distribution from your retirement account to cover expenses in the near-term.

This video provides a rundown on the stimulus package details and new regulations that you should aware of, what you may qualify for, and how provisions related to the pandemic and economic recovery may impact educators’ lives.

 
 
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12:42
 
 
 
 

 

 

Part 2: Stock Market Volatility

The economy and the stock market have been affected by uncertainty in the face of the novel coronavirus pandemic. This video will help you understand stock market volatility, how the market has recovered following previous downturns, and why “staying the course” can be a level-headed strategy.

 
 
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3:02
 
 
 
 

 

 

Part 3: Moving Forward

Even in difficult times, it’s possible to continue building toward a financial secure future. Over the course of several decades, the market is generally up and to the right. It’s important to keep a long-term perspective on your retirement planning.

This video shares some smart strategies to help you make informed investing decisions now and in the future.

 
 
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4:45
 
 
 
 

 

We have resources to help you plan for retirement.

 

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Educators have unique retirement planning needs. As an NEA member, you can talk to a local, independent financial advisor that can help you plan your retirement. 
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Are you a do-it-yourself investor? Make your own investment decisions with DirectInvest®, a self-directed online 403(b) account offered as part of the NEA Retirement Program.
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