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Personal Finance for Law Enforcement: Budgets, Retirement, and More

Personal Finance for Law Enforcement: Budgets, Retirement, and More

Instructor(s):
    Brian Nanavaty
  • Brian Nanavaty
    Captain, Indianapolis Metropolitan Police Department, IN
Date(s):
  • Apr 14, 2020
Time:
  • 2:00 - 4:00pm EST
Individual Fee:
  • $95.00 / attendee or $995.00 / agency
Group Rate:
  • $95.00 for the first attendee - $50.00 per each additional attendee
  • $500 This fee will allow for up to 40 attendees to participate in the webinar

Surveys have shown that a majority of first responders stress over finances and bring that stress and lack of focus to the job, which affects the safety and productivity of the entire workforce. In addition to workplace concerns, financial discord is one of the major reasons for divorce which also results in personal and professional stress and affects employee behavior.

First responder agencies are constantly on the lookout for training topics relating to employee performance and wellness, but mistakenly believe financial literacy is a personal issue and should be addressed at home. Most organizations only address employee financial Issues on the first day of hire even though many first responders would be in favor of receiving ongoing financial training. In fact, a recent Wall Street Journal article pointed out Generation Y and Z view employer sponsored financial training as a top recruiting and retention perk!

This webinar is designed to provide tools and resources to educate the police officer, firefighter, public safety officer, corrections employee, executive, agency trainer, human resources manager, recruiter or union official on financial issues that might affect the employee, the family and the agency. This webinar will also provide a training outline and justification for the innovative public safety agency considering providing financial training to recruits, veterans and family members.

The Dolan Consulting Group encourages public safety agencies to consider sponsoring this webinar for new employees as well as veteran employees and recommends public safety employees view this webinar with their loved ones.

This course will cover the following topics:

  • The Impact of Financial Stress on First Responders and Agencies
  • Family Budgeting 101
  • Overtime and Extra Duty: The Good and Bad
  • Retirement Budgeting and Planning
    • Pension Plans and Pension Security
    • 401, 403, and 457 (Deferred Compensation)/Roth Retirement Investment Plans
    • Social Security
    • The Cost of Waiting too Long to Invest
    • Investment Strategy: Risk vs Reward
  • Self- Employment
  • The Financial Impact of Divorce
  • Insurance, Health Insurance and Health Savings Accounts
  • 529 College Savings Plans
  • Choosing a Financial Consultant
  • Taxes and Tax Implications
  • After the Webinar-Additional Financial and Retirement Tools and Resources

The webinar will be presented by Captain Brian Nanavaty, Indianapolis Metro Police Department (retired), who previously served as IMPD Finance, Payroll and Pensions Director and serves as Fiduciary for the $60 million IMPD 457 Deferred Compensation Plan.

This webinar is for educational and informational purposes only and should not replace qualified professional financial or investment counseling.

Developing Organizational Performance Leadership