Financial Wellbeing

... Your Lifelong Investment

Money doesn't buy happiness. But understanding, managing, and communicating about finances can improve the quality of your life and relationships. These webinars will help you take charge of your budget as well as short-term and long-range financial planning.

Presented by the MIT Center for WorkLife and WellBeing

Selling Your Home: Develop a Selling and Buying Strategy

Wednesday, March 24, 2021 - 12:00pm to Wednesday, April 7, 2021 - 1:30pm
Presenter: Linda Jason, J.D., M.Ed.; Real Estate Lawyer and Educator
 
Part One: Beginning the Selling Process (Wednesday, March 24, 2021 from 12:00 PM - 1:30 PM)
Whether you’re considering downsizing or upsizing, or simply looking for a change of scenery, this session will provide the introduction you need to dive into the home-selling process. Topics include:
  • Hiring a broker and developing a selling strategy
  • Evaluating the condition of your home and making it more attractive to buyers
  • Legal and financial considerations, such as liens, mortgages, permits, and condo fees
Part Two: Finalizing the Deal and Buying Again (Wednesday, April 7, 2021 from 12:00 PM - 1:30 PM)
Your house is on the market—now what? This session will cover everything else you need to know to finalize the sale and coordinate your next move. Topics include:
  • Estimating sale proceeds based on broker fees, taxes, and other costs
  • Developing a buying strategy to avoid gaps between closing and moving dates
  • Securing funds for your purchase while coordinating a sale
  • Other considerations, if you are not immediately buying again

Living Your Life and Managing Your Debts

Tuesday, March 30, 2021 - 12:00pm to 1:30pm

Presenter: Jimmy Becker, M.B.A.; Founder, Financially Speaking

So, you’ve borrowed money and now you need to pay it back. While taking on debt is no doubt stressful, it doesn’t have to mean your world stops turning. This webinar is focused on the best strategies for borrowing money, repaying it, and creating spending strategies that will enable you to live the life you want. You will leave understanding:

  • Different types of consumer debts and which to pay down first
  • Your credit score and its impact on your borrowing
  • Considerations around filing for bankruptcy
  • When to save more money versus paying off debt
  • Strategies to manage spending and generate savings

 

Investing 201: Continuing the Conversation

Thursday, April 22, 2021 - 12:00pm to 1:30pm

Presenter: Steven Dimitriou, A.I.F., C.P.F.C.; Managing Partner, Mayflower Advisors

Knowledge is power – especially when it comes to investing your hard-earned money! This webinar is intended for those with a foundational understanding of investments. After a brief review of Investing 101: Learn the Basics (presented in Fall 2020), we will do a deep dive into the various investment vehicles and options, specifically the advantages and disadvantages of IRAs, Roth IRAs, Annuities, and 529 Plans.

Before You Borrow: Exploring Your College Finance Options

Wednesday, May 12, 2021 - 12:00pm to 1:30pm

Presenter: Jeanne Mahan, M.A.; Senior Manager of College Finance, Bright Horizons College Advising

Financing a college education is a big commitment that can affect students and families for decades. So, don’t borrow willy-nilly. Invest in your future and join this webinar to better understand the various options, and the long-term consequences, that go along with borrowing. You will receive:

  • An overview of available college financing options
  • Information on borrowing, including who should do it, how much to borrow, what to consider when cosigning, and how to plan beyond the first year
  • Tools to calculate the true cost of borrowing loans, factoring in fees, interest, and repayment terms

Student Loan Repayment Guidance

Are student loans getting in the way of your financial future? Receive expert guidance on your unique student loan situation, and develop a strategy to manage your—or your child’s—education debt.

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MIT Staff Emergency Hardship Fund

Are you experiencing financial distress? Is your family unable to cover immediate, essential expenses due to additional costs or loss of income during the pandemic? Apply for assistance from the Hardship Fund, which provides financial support for eligible staff and postdocs.

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