Financial Wellness for 9-1-1 First Responders
This targeted financial wellness course addresses the specific financial planning needs of 9-1-1 first responders. In just two hours, participants will gain practical strategies tailored to emergency service professionals focused on retirement planning, debt management, and strategic saving.
Description
Course Summary:
This course delivers essential financial tools designed specifically for emergency services professionals. Participants will learn how to optimize retirement accounts, manage debt effectively, and build financial security through strategic saving approaches that support the unique aspects of first responder careers.
Key Topics Covered:
- Retirement Planning Essentials
- 457(b) plans: Key features and benefits for public safety employees including no early withdrawal penalties
- Traditional vs. Roth IRA: Comparing growth strategies and withdrawal options
- Contribution strategies to maximize retirement savings across multiple account types
- Education Funding
- 529 plans: Education savings for yourself or family members
- Debt Management & Emergency Preparedness
- Vehicle loan optimization strategies for first responders
- Emergency fund building: Appropriate sizing for high-risk professions
- Accelerated debt payoff methods to improve financial stability
- Strategic Saving Techniques
- "Save your raise" approach: Automatically directing pay increases to savings
- Allocation strategies between retirement, short-term, and emergency savings
- Digital tools for automatic saving that simplify financial management
By the end of this course, participants will have developed a concrete financial action plan addressing their unique needs as emergency services professionals, with specific next steps for implementing retirement and savings strategies.