Are we rational human beings? Do we follow a logical decision-making process? Or are we hardwired for predictable irrationality?
The truth is that while we understand logic, we are emotionally engaged in every decision we make. During a crisis, especially, many employees are at risk of making costly mistakes. The effect of emotions on financial decisions at difficult times like these is usually negative. And while building emotional intelligence is not easy is today’s information age, it is the key to reducing financial stress in the workplace and driving 401(k) success.
Learning Points:
- Why now is an opportunity for employers to step up with support
- How employers can help workers reduce financial stress in the wake of the coronavirus pandemic
- The power of building EQ when stock market declines and debt are among the top reasons causing financial stress
- How employees can achieve a higher level of performance and build a team of happy and confident employees
Join us to learn about behavioral finance and how to take a proactive approach to guide your employees toward sound financial decisions during times of uncertainty.
Terri McGray, CFP, AIF, Longevity Capital Management LLC
Terri McGray is the founder and president of Longevity Capital Management LLC, a professional wealth management and retirement plan consulting firm. She and her team have developed a unique retirement readiness program for employers seeking to increase financial literacy in the workforce and drive results with their 401(k). Specializing in plan design, ERISA law, internal controls and investment management, Terri enables businesses to outsource their workload and engage a co-fiduciary for liability relief. Terri McGray has: • Over thirty years of experience, • Worked for several major Wall Street firms, • Built her career as a retirement expert, • Educated thousands of employees on finance, • Consults with employers and CPAs, and • Works with companies nationwide
Mrs. McGray studied Finance at California State University, Northridge. She is a Certified Financial Planner and has earned her credential as an Accredited Investment Fiduciary. Most recently she become certified as a Behavioral Financial Advisor which is a program developed to improve the moral and emotional competencies necessary to make better decisions in your life and throughout the financial planning process. Terri has been involved in her community and has served on the board of several nonprofits over the past twenty years. She is a devoted advocate against domestic violence, Girl Scout Troop Leader and served as a Big Sister through the Big Brothers/Big Sisters program where she ultimately became a foster parent for a girl in crisis.
Author of Retire Ready, Moral, Ethical, Prudent 401(k) Decision-Making for Employers and Plan Fiduciaries
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