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your $ A magazine from WEA Member Benefits

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In Business

WEA Member Benefits

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2015

Bridging the generation savings gap your insurance

Be a better consumer of insurance: Think beyond price

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Keep your cool when it comes to your electronic gadgets Celebrate our winners


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CONTENTS FALL 2015

3 YOUR ACCOUNT

- 2016 Prudential Guaranteed Investment rate will be announced... - Check on your retirement account. - Get important dates on your calendar.

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- Watch end-of-year limits.

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4 YOUR RETIREMENT 8 YOUR FINANCES - A new generation may be facing new economic challenges, but fundamental financial principles still apply.

6 YOUR INSURANCE - Looking to get a good deal on insurance? Start by thinking beyond price.

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- Believe it or not, investing should be kind of a yawner.

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- Don’t get burned by cool gadgets. - NIFEL scholarship winners announced. - Kudos to our Financial Mentor Award winners.

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president’s letter Dave Kijek, President/CEO, WEA Member Benefits

Follow us. © 2015 WEA Member Benefit Trust. All rights reserved.

Keeping our focus on you makes everyone a winner This month we were very pleased to learn WEA Member Benefits won a “Best Companies to Work For” designation from InBusiness Magazine. The award recognizes employers in south central Wisconsin who are dedicated to the welfare of their employees. Doing our best to take care of our staff makes us better able to do what we were created for—taking care of you, our members. Our mission is to help you enhance your financial security with

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best-of-class personal benefit programs. Our goal is that our “best-of-class” work environment will continue to translate to superior customer service from our staff as well as high-quality products that help you create a more secure financial future. Speaking of winning, we’re also giving a shout out to some of our members in this issue who work so hard to help others. This summer we made it easier for four educators to attend the National Institute of Financial and Economic Literacy financial literacy education series by providing them with scholarships (page 11). Those participants gained a lot of knowledge and are excited to pass on what they learned to their students.

And there are so many winners who work in our Wisconsin public schools. They watch out for their colleagues and help them make the most of their hard-earned money with sage advice and support. We like to give them some recognition with our annual Financial Mentor Award. See award winners on page 11. Lastly, the goal of this magazine is to help you win the challenge of becoming financially secure by sharing information on our products and services and providing information and guidance to help you make wise financial decisions. Talk about a win-win situation.

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{ your account

To be announced

IRA and 403(b) news Check on your retirement account The start of a new school year is a good reminder to: • Complete a new Salary Reduction Agreement (SRA) to take advantage of 2015 403(b) contribution limits. • Review beneficiaries. If you’ve experienced any life events (marriage, divorce, birth of a child, death of a family member, etc.), it’s time to update your beneficiaries. • Update your address, increase your contributions, and review your portfolio.

Mark your calendar for important deadlines 403(b) and IRA exchanges/transfers/rollovers Exchanges, transfers, and rollovers require a longer processing time. Your completed paperwork (including approved third-party administrator transaction authorization if applicable) will be submitted to the payer company by the end of December if we receive it by December 12. This includes requests for IRA recharacterizations and conversions. Call us if you have any questions. We’re happy to help you through the process. Postdated checks We are not able to accept checks written and received this tax year (2015) for next tax year (2016). Postdated checks will be returned. Year end withdrawal deadlines If you would like to take a lump sum withdrawal from your 403(b) or IRA accounts before the end of 2015, your request must be received by us on or before December 18. Requests received after December 18 will be processed in January.

The Prudential Guaranteed Investment credited rate of return for 2016 will be announced on October 30. Go to weabenefits.com or call 1-800-279-4030 to listen to a recorded announcement. The Prudential fact sheet and a Q&A regarding the current Prudential Guaranteed Investment contract will also be available on October 30 at weabenefits.com/pru. In Business

Know your limits The end of the year is closing in...watch your contribution limits! Contribution limits for 403(b) accounts are $18,000 for 2015; however, employees age 50 and older can contribute an additional $6,000 for a total of $24,000 per year. It’s up to the participant (not the employer) to pay attention to limits. Give us a call if you need assistance.

ed: We will be clos —Nov. 26–27 Thanksgiving ec. 24-25, 28 Christmas—D —Jan. 1 New Year’s Day

The content in this magazine is for informational purposes only and is not intended to constitute legal, financial, or tax advice. Certain recommendations or guidelines may not be appropriate for everyone. Consult your personal advisor or attorney for advice specific to your unique circumstances before taking action. The 403(b) retirement program is offered by the WEA TSA Trust. TSA program registered representatives are licensed through WEA Investment Services, Inc., member FINRA. The Trustee Custodian for the WEAC IRA accounts is Verisight Trust Company. Interest is compounded daily to produce the current annual yield prior to the deduction of program administrative fees. Contributions and earnings are held in the general account of Prudential Retirement Insurance and Annuity Company (PRIAC). Principal and net credited interest are fully guaranteed by PRIAC. Such guarantees are based solely upon the financial strength and claims-paying ability of PRIAC. For more information go to weabenefits.com/pru.

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{ your retirement

Bridging the generation savings gap While the younger generation is facing new financial challenges, there are plenty of old school strategies and new solutions to help them make the most of their finances.

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aving came easy for Jeff Wagner. “I’ve paid for everything I had since I was 11 years old. My dad was a bricklayer. I came from a family of six, so I was used to budgeting my money. It was a natural thing,” he says. In his opinion, it just takes discipline to save. Jeff retired in 2004 after 32 years teaching in Milwaukee Public Schools (MPS). He was able to retire at 55 because financially it worked for him. He had over 30 years in the district and a 403(b) to “backup” his WRS pension. Jeff credits a veteran teacher for starting that 403(b) early in his career. “He grabbed me by the neck so to speak, sat me down, and said, ‘Instead of spending your money on stuff you don’t need, you’re going to put that money in a 403(b).’ I signed up and it was the best thing I did.” Jeff also didn’t miss a chance to pass that information on. He was a union rep for the next 30 years and made it his mission to talk to every new teacher about saving. “I’d say, ‘If you don’t want to work until you’re 70, open a 403(b).’” He explained to them the rule of 72 (a quick way to calculate how long it will take to double your money) and the power of compounding interest to grow savings. “Take it out of your first pay check. You won’t even miss it. Just let it run.” His advice has not gone unappreciated. He often hears from former colleagues. “They say, ‘Jeff, if you hadn’t talked to me way back when, I wouldn’t have a penny saved today.’”

Like father, like daughter

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Meghan, Jeff’s daughter, is 22 years old. She plans to follow in her fathers footsteps and teach at MPS. She has been the beneficiary

of many discussions and teaching moments about finances over the years. “My dad is all

“For me saving was easy. I’ve paid for everything I had since I was 11 years old. It just takes discipline.” about fiscal responsibility. He taught me how important it is to save and how important it is to start early.” Despite her youth, Meghan gets it. She talks candidly and with uncanny resolve about retiring early and building financial security for herself. “She understands more than most and I think she’s onboard. I’ve tried to give her knowledge that she can use the rest of her life. It will make a huge financial difference for her,” Jeff says. While the basic fundamentals Jeff has imparted to his daughter over the years— budgeting, don’t spend more than you earn, pay yourself first, the time value of money and compound interest—pass the test of time, there are generational differences in economic circumstances that can’t be ignored. Brenda Echeverria, Financial Planner at WEA Member Benefits, meets with members from ages 22 to 90. “The need for money management skills and the need to save is the same for all generations. But, the economic realities and attitudes about money are distinctly different between them,” she says. For instance, while student loan debt is not a new issue, it is a much more burdensome one. With tuition costs more than doubling weabenefits.com


in the last 20 years, the amount of debt is far greater for those who borrow for college. The experiences of Jeff and Meghan illustrate the significance of this issue.

That was then...this is now

When Jeff went to college, he didn’t need student loans. “I worked to pay my tuition while I was in college. I lived at home so I had free room and board. There was no need for student loans,” Jeff says. “Paying for tuition while going to school

“There is always this thought in the back of my mind that I have to pay off this debt. It makes it hard to think about saving and taking care of my future.” isn’t even an option for me,” Meghan asserts. “I couldn’t work enough during the year to pay UW-Madison tuition and go to school at the same time. It’s very different than when my Dad went to college.” Meghan is right. According to the National Center for Education Statistics, the average annual cost of tuition, room, and board at an in-state college in 1976 was $2,647. The average annual cost of tuition, room, and board at an in-state college in 2014 was $22,000. Today’s students working a minimum wage job ($7.25 per hour) would need to work 8 hours per day every day for an entire year in order to pay for one year’s worth of tuition, plus room and board. Compare that to the 3.4 hours per day you would have needed to work in 1976 at $2.10 per hour to accomplish the same thing. (Calculations assume working 365 days per year.) So, like 94% of undergraduates nationwide, Meghan had to borrow thousands of dollars and will start her earning years out in debt. It’s a big difference from a generation ago. “It’s ridiculous the debt these kids are coming out of college with. But, there’s no way around it for most,” says Brenda.

Post Act 10 difference

Numerous changes from Act 10—some mandated and others implemented by districts to help cope with budget cuts—directly affect the take-home pay of today’s public school employees. Here are two examples: Wisconsin Retirement System (WRS) Districts used to pay 100% of the required WRS contribution. Wisconsin public school

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employees are now splitting their WRS contribution 50/50 with the district. The 2015 employee share is 6.8%. Health insurance Act 10 mandates that public school employees pay a minimum of 12.6% of health insurance premium costs. In addition, many districts implemented health plans with deductibles ranging from $2,000– $6,000. “This is not an insignificant expense and a pretty big change for public school employees who for years bargained for better health benefits in lieu of salary increases. Sharing the costs at these levels now definitely presents a financial challenge,” says Brenda. Despite the added financial hurdles, Meghan still plans to teach. She is going in with her eyes wide open. “I know what I’m getting into. I’ve heard the good and the bad from my parents (her Mom also teaches at MPS) over the years,” she says, “but I really want to teach, to share knowledge, and make learning interesting for kids.” Meghan will substitute teach at MPS this year while studying for her master’s degree. That income plus living at home will help offset some of her costs.

Seeing past savings obstacles

The financial changes put members of all ages in a tough spot and can prevent them from thinking long term. “Members feel overwhelmed. Often the last thing on their mind is saving, but quite honestly, it’s never been more important for public school employees to save than now,” says Brenda. Meghan understands the reluctance to save when faced with other financial obligations. “There’s always this thought in the back of my mind that I have to pay off my student loan debt and it makes it hard to think about saving and taking care of the future.” Still, she knows it’s something she needs to do. If she expects to follow her father’s lead with an early retirement, Meghan’s best chance of achieving that is by saving early. At her father’s encouragement (or insistence) she opened a Roth 403(b) with Member Benefits. She puts in what she can. “My dad taught me that I need to start now to take advantage of the compound interest and exponential growth. The sooner I start, even with a small amount, the better off I’ll be.”

Turn to page 9 to learn about resources and remedies available to help manage these new economic challenges.

continued on page 9

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{ your insurance money We want you to...

BE A BETTER

INSURANCE CONSUMER Think you’re getting a good deal on your current insurance? What does a good deal mean to you? Is it all about price? Do you know what you’re paying for? What’s your exposure to financial loss? You might be taking on more risk than you think.

A

re you getting a good deal on your home and auto insurance? Most people, if asked this question, would like to think that they are...but are they? Are you? How you define “a good deal” will likely influence your answer. Many use cost as the gauge

XYZ INSURANCE COMPANY

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for a good deal. To be sure, cost is an important consideration when making a purchasing decision, especially when shopping for commodities—those “onesize-fits-all” goods or services that are mass produced and lack differentiation. But, auto and home insurances are not commodities. Not all insurance policies are alike, nor are the companies that offer them. And, your insurance needs are unique to you.

The true value of insurance is proper coverage, great service, and most importantly, the ability to rest easy knowing that in the event of an unforeseen loss, everything

you’ve worked so hard for is protected. So why do people so often base their insurance purchasing decision purely on price?

Faster. Cheaper. Better?

Large national insurance companies have employed marketing strategies that essentially commoditize insurance. They pitch how many hundreds of dollars one can save if they switch, and they can do it for you fast. I’m sure you’ve heard this one: “Save 15% in 15 minutes!” They make it sound easier than buying a pair of shoes. Certainly, it is easy to sell insurance solely on price. Everyone wants to save money, right? And time. We are all busy and our time is valuable. Plus, insurance is not sexy and can be intimidating because there are a lot of technical terms and jargon and many policies are written in legalese. So it’s not surprising that reducing the decision down to two factors—price and speed— would be appealing to the consumer. But, think about it. You’ve just spent days, weeks, or even months before deciding on which car or house to buy. You’ve done your research to make a purchase that best fits the needs of you and your family. Yet, the decision on how to protect your biggest investments can be made in 15 minutes or less? weabenefits.com


The result of simplifying the purchasing process diminishes the importance of your investments and puts you at risk. As an insurance professional, I consider it a disservice to you as a consumer. After all, you are buying protection for what are most likely the two largest investments of your life—your home and car—yet you are not encouraged to ask questions or provided information to help you make coverage decisions. This makes it pretty hard for you to learn exactly what you are getting for your money. Recently, I went through the online process to get a quote/buy auto insurance at one of the popular comparison sites. I did it for the experience. Just as promised it was both easy and fast. And, the results offered up competitive rates, but it was all about price—details about what the policy covered were conspicuously absent. It took significant digging and familiarity with insurance jargon to discover what coverage limits were being offered. I was not surprised to find that the default policy reflected coverage limits far lower than I would feel comfortable recommending to most people.

Think differently to get a better deal

A purchasing decision based solely on price may save you money, but how good will you feel about saving $100 or $200 per year if you aren’t adequately covered (or covered at all) for a loss that ends up

costing you far more? Unfortunately, many people don’t realize how good or bad their policy is until it’s too late. Here’s the bottom line—unless you have a clear understanding of your needs and your policy, you may be taking on more financial risk than you think. You’ll be able to make better choices if you think beyond price. Cheaper does not always mean a better deal just as more expensive doesn’t necessarily mean more value. The lesson here is price means very little without considering the value: proper coverage, great service, and the ability to rest easy knowing in the event of an unforeseen loss, everything you have worked so hard for is protected. Think about the last time you shopped for insurance. Was it all about price? If you are like most people, chances are you didn’t even consider another company or the value of its policy and services if the cost was even a little higher. Why? Because what prompted you to shop in the first place was price and price alone. Unfortunately, the buyer who makes decisions on price alone has already checked value at the door and, in many cases, a good deal as well.

The right balance

At Member Benefits we recognize that your time is precious and of course you want a good deal. While you won’t get a quote in 15 minutes or less and we can’t guarantee the lowest price, we promise you

QUESTIONS TO ASK • For every dollar you are saving, what are you losing? • Are you comparing apples to apples when you shop for insurance? • Is added exposure to financial loss worth the money you are saving? • Do your expectations for coverage match what is in your policy?

that the little extra time required will give you a better understanding about your insurance needs and give you confidence to make the right decision for you and your family. Let a WEA Member Benefits Personal Insurance Consultant do a free review of your current home and auto insurance policies. One out of two members who receive a consultation discover a better value and switch their current insurance to WEA Property & Casualty Insurance Company. Whether you choose us or not, you will become a better insurance consumer because of it. Tim Ganoung Personal Insurance Consultant

Learn more about insurance! Contact us for a free insurance consultation: 1-800-279-4010 weabenefits.com/consults

VALUE CONSIDERATIONS Other value-added items of importance to consider when purchasing insurance include: • How familiar are you with the company you are doing business with? • Does the company have your best interests at heart? • Do they respond in a timely fashion to your needs and requests? • What is the company’s claim satisfaction rating? • Are you comfortable asking their representatives questions? • Do they take the time to help you understand your policy?

Property and casualty insurance programs are underwritten by WEA Property & Casualty Insurance Company. The terms and conditions of your coverage are exclusively controlled by your written policy. Please refer to your policy for details. Certain policy exclusions and limitations may apply.

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{ your finances

Find investing boring? Good. Investing for retirement is rather boring. And it should be for the average person employing a long-term investment strategy. If you are experiencing a rush (or stress) from watching the market every day or constantly buying and selling stocks like you see in TV and the movies, you may be taking bigger risks than you should or need to. For most of us, taking a more lackluster, long-term approach to investing is a better way to grow wealth over time. Here are the basic tenants of a boring investment strategy.

Don’t expect to hit a home run every day

No one hits a home run every day, 365 days a year, for decades. The goal is to set yourself up to maximize your returns while minimizing risk, regardless of what happens with the stock market. History illustrates clearly that the market will drop some days—sometimes for weeks or months—and the market will go up some days—sometimes for weeks or months. Accept the predictable unpredictableness of the market and, rather than get frustrated, make it work for you. Embrace it.

Get in a savings rut

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Make regular and automatic contributions through payroll deduction or transfer of funds from your checking or savings account. It’s a slow and steady— and unglamorous—strategy for building your retirement nest egg that systematically moves you forward. When stock prices go down, your contribution has more buying power and can purchase more shares. When prices go up, your contribution buys fewer shares but the value of your existing shares goes

up. Nothing fancy or complicated about this strategy, which is called dollar cost averaging. Even the name is a yawner. By design, this approach ignores what the market may do or trending topics like stock splitting, management turnover, or buyout rumors. You set it and let it quietly run in the background. It requires little effort and you don’t have to constantly track your portfolio. You should check in once a year or so to rebalance, but you can mostly leave it alone to do its thing. Perfect for the average Joe or Jane. Note: For an even more boring investment approach, WEA Member Benefits offers several investment options that automatically rebalance annually to maintain the asset allocation you selected.

Ignore the headlines

Or, if you just can’t look away, make sure you’re looking at them through your longterm investor lens. Reports of economic woes in China or Greece or the latest “hot” investment can flip an emotional switch that can tempt people to try and time the market, make frequent trades, and sell in a down market. Behaviors that are emotionally driven almost never improve your bottom line. Sticking with your longterm “boring” investment style will keep you moving forward toward your goal. Remember, if you are chasing the market, by definition you are behind.

This article is for informational purposes only and is not intended to constitute legal, financial, or tax advice. Certain recommendations or guidelines may not be appropriate for everyone. Consult your personal advisor or attorney for advice specific to your unique circumstances before taking action.

perfectly bored

The investor...

} Doesn’t panic over market

swings but instead, embraces the unpredictability of the market. The market changes, sometimes dramatically. It just does.

} Ignores the hype to avoid making emotionally charged financial decisions. It’s a surefire way to make a big financial misstep.

} Almost unknowingly takes

advantage of buying opportunities a down market presents by letting automatic contributions churn away in the background.

} Commits to a long-term investment strategy and is too busy living to consider stopping contributions or pulling money out in a down market.

} Maintains a well-diversified

portfolio to help mitigate risk.

} Checks in periodically and

makes adjustments when life circumstances, goals, plans, or risk tolerance change.

Contact us with your questions or concerns at 1-800-279-4030 or

retirement@weabenefits.com.

Keep in mind that mutual fund investments are not guaranteed and may gain or lose value. Past performance is no guarantee for future results. Future performance may be lower or higher than past performance.

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Financial remedies for new challenges Student loan debt issues College tuition in the U.S. has been increasing faster than the rate of inflation for decades and faster than wages. Starting your earning years deep in debt presents all kinds of challenges. Interest on unsubsidized student loans starts accruing right away when you receive your loan. Interest rates on most student loans are currently higher than the average mortgage rate.

Trending: Self-funded retirement Employees have increased responsibility for funding their retirement. Employer funded pensions are a thing of the past.

• Check into student loan forgiveness programs to see if you qualify. See our articles in the your$ July 2014 and July 2015 issues. Visit weabenefits.com and click on “Read the latest issue of your$.” • If you meet certain requirements, you might be eligible for student loan refinancing and consolidation, which can make it easier to manage repayment. Note: You should never be charged a fee to consolidate! Go to studentaid.ed.gov for more information. • Set up automatic monthly payments for your loans and you could reduce your interest rate by up to .25%. • Make payments while in school. This sounds counter-intuitive, but any amount you can throw at your loan will reduce what you owe.

• Time is still on your side. Every day that slips by is a missed opportunity to maximize the impact of compound interest. Start now. • Roth IRA and 403(b) savings. This after-tax retirement savings option offers more flexibility and the opportunity to lower tax liability in retirement because all qualified withdrawals, including earnings, are tax free. • More and more districts are offering a match to employees for 403(b) contributions. It’s a relatively new benefit in the public employee world and can help you build up your savings faster. It’s free money. Don’t pass it up. • Minimizing the fees associated with retirement savings accounts is something you have control over and it will keep more of your money working for you.

WRS contribution reduces take home pay Today’s Wisconsin public school employees split the required WRS contribution 50/50 with the district. Before Act 10, 100% of the contribution was paid by the district.

• WRS is a wonderful benefit. It’s the ninth largest public pension fund in the U.S. It is fully funded and one of the best pensions in the country. You can learn more about your state pension through our popular video series. Go to weabenefits. com/seminars and click the “on demand” tab.

Changes in health insurance benefits Act 10 mandates that Wisconsin public school employees pay a minimum of 12.6% of their health insurance premium and many districts have gone to high deductible plans.

• Under 26 years old? Thanks to the Affordable Care Act, you have the option to join or remain on your parent’s plan even if you are married, not living with your parents, and eligible to enroll in your employer’s plan.

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Get a free one-hour financial consultation: 1-800-279-4030 All investment advisory services are offered through WEA Financial Advisors, Inc.

Different time. Different issues. Different solutions.

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{ your kiosk

BURNING ISSUES WITH COOL GADGETS Take a look around your house. How many electronics do you own? According to the Consumer Electronics Association, in 2013 Americans owned approximately 24 electronic products per household such

as cell phones, computers, game consoles, and the like. Did you know these things can be a real fire hazard? We have so many devices to plug in— much more than even a decade ago. The average number of devices per household that need charging is now 5.7. This doesn’t include other electronics like TVs, desktop computers, and gaming systems. Many homes (especially older homes) may not have the electrical wiring and outlets to manage the demand. We had a recent claim at Member Benefits where the child of an insured had a lot of electronic devices in his room and most of them were plugged into a single, multi-socketed extension cord. The cord overheated and caught his bedroom on fire. Fortunately, no one was hurt. But it could have been a different story. About 3,300 residential fires originate in extension cords each year, killing 50 people and injuring about 270 others. Half of home fire deaths result from fires reported between 11 p.m. and 7 a.m. when most people are asleep. One quarter of home fire deaths were caused by fires that started in the bedroom. Another quarter resulted from fires in the living room, family room, or den.

More than the cord

And then there’s the devices themselves. Just this past June, Apple issued a voluntary recall of the Beats Pill XL Speakers because they have the potential to catch fire. And in Canada earlier this year, a teenage boy woke his parents with his screams when his iPhone caught fire while charging overnight, suffering third-degree burns on

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his leg and hand. The culprit: a third-party charger for his iPhone, plugged in and sitting on his night stand.

Keep it cool

Fortunately, there are some things you can do with your gizmos and gadgets to lessen the risk of fire for you and your kids. • Never use an extension cord as a replacement for permanent wiring— they’re meant for temporary use. Have a qualified electrician add more receptacle outlets to your home so you don’t have to use extension cords. • Avoid running extension cords across doorways or under carpets. • Connect power strips and surge protectors directly into a wall outlet. Do not connect multiple power strips or surge protectors together. • Avoid overloading circuits by not plugging too many items into the same outlet. • Avoid the use of “cube taps” and other plugs that connect multiple appliances into a single receptacle. • Use the right charger—the one that came with your gadget. • Inspect cords for fraying or exposed wire and replace as necessary. • Check your device’s Web site or visit recall.gov to stay on top of any recall issues with your device. • Turn off and unplug computers when you finish using them and unplug phones when they’re charged. Sources: Electrical Safety Foundation International, University of Texas at Austin Fire Prevention Services, National Fire Protection Association.

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Scholarships help boost financial literacy in the classroom Member Benefits was very pleased to award four Wisconsin educators scholarships to attend the National Institute of Financial and Economic Literacy (NIFEL) Summer Institute financial literacy courses. The NIFEL program provides educators with the tools they need to teach personal finance in the classroom with seminars on basic to advanced financial topics. Award winners were: Patrick Delcore

Health teacher, Southern Door High School

Patrick said the Institute was probably the best and most useful class he has attended, and he plans to incorporate financial health into his curriculum. It also had a personal impact, motivating him to set an appointment with a Member Benefits financial planner to review his financial situation.

Financial Mentor Award

Victor Herbst

winners

Technology Education teacher, Department Instructional Manager, and Head Baseball Coach, Janesville Craig High School

Victor found his class to be “unbelievably relevant and straight forward” and plans to incorporate some topics into his graphic arts/communications classes. On a personal note he said, “It really made me think about whether our family needs to make adjustments to our financial situation to become more secure for the future.” David Holze

Math teacher, Chilton High School

“I left with a better understanding of the world of finance. I was also treated like a professional by the staff and speakers,” says David. He will be embedding what he learned into his mathematics curriculum and plans on attending the Institute again.

Daryl Benisch, Columbus Chuck Catt, Augusta Nicole Gould, Algoma Deb Huppert, Prescott Dick Lind, Mosinee Beth Lind, Wausau Douglas Olsen, Kickapoo Carla Sieg, Osseo Fairchild Randall Stutzman, Augusta Jeff Wagner, Milwaukee

The 2015 Financial Mentor Awards from Member Benefits recognize individuals who have given their time and talents to mentor others on the benefits of good financial planning and saving for retirement. This year’s winners were described as:

Donna Strabala

“a champion mentor to staff about the importance of being a regular saver,”

Donna plans to incorporate the online financial literacy programs shared at the Institute into her Career Exploration and Introduction to Business classes. She also enjoyed the opportunity to network with other teachers and financial professionals.

a person who “does a phenomenal job sharing information with others,”

Business Education instructor at Madison West High School

“a big promoter to young teachers to start their 403(b) accounts,” “someone who goes out of his way to help teachers understand how putting money in a 403(b) now will benefit them later.”

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Don’t see your mentor on the list? 2016 Mentor nominations are now open at weabenefits.com/mentor.

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PO Box 7893, Madison, WI 53707-7893

Schedule your financial planning appointment today! Is it time to take a good look at your nest egg? Plan ahead for a consultation with one of our financial planners before the year is out. But don’t hesitate...appointments are first-come, first-served and they fill up fast! For more information, visit weabenefits.com/financialplanning.

1-800-279-4030 weafa@weabenefits.com Appointments available in: -Brookfield -Eau Claire -Green Bay -Madison -Stevens Point All investment advisory services are offered through WEA Financial Advisors, Inc.

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Your$ magazine -- Fall 2015