Assessment

You can't tell how far you've come unless you know where you started. 

Assessment comes in tiers. One - where are you? Two - how far have you come? Three - Where are you going? Nothing motivates likes getting part way up a hill (if you're hiking), or down a hill (if you're skiing) and looking back to where you started.  The "I did all that" assessment can be one of the strongest motivators for continued success in greater challenges, as well as understanding what did not work to make adjustments!

This section of the LEARN program will concentrate on setting benchmarks and milestones for all your programs, that will allow you to track how far you've come.  

It's Time For Each of Us to Reassess...

That Includes Reviewing Your Finances!

When we designed our McMahon Wellness program, we wanted it to be a multifaceted program to help our employees better ways to approach, and take responsibility for, their total well being. 

 

During this quarter of 2020, we will focus on assessments as we navigate these uncertain times. It is important to assess our total well being so we can come up with steps to improve it. Over the past few months, our Wellness Committee has been promoting the importance of taking care one’s physical and mental health and now we are encouraging everyone to complete a reassessment of their personal finances. You will want to consider things like managing debt, credit, protecting assets, identity theft, retirement and healthcare costs, and caring for family members when during your own assessment.

 

One way you can do this assessment is by taking advantage of our 401(k) plan administrator, BPAS, resource, Financial Finesse.

Financial Finesse:

Financial Finesse provides us access to an online Financial Learning Center where you can take your confidential personal Financial Wellness Assessment. 

 

Based on your answers you’ll be given a step-by-step personal action plan—just as if you had sat down with a financial planner. 

 

FREE | CONFIDENTIAL & PERSONALIZED!

Explore the main features:

  • Calculate your financial wellness score

  • Get your personal financial action plan

  • Navigate upcoming life events

  • Access tools and resources to better manage your finances

How to Access Financial Finesse:

McMahon 401(k) participants: To access the registration link for Financial Finesse, simply log into your BPAS account at www.bpas.com. On the left hand side, select the Financial Finesse icon. This will open a new internet window and will prompt you to register for an account.

 

***If you have not logged into your BPAS account before, your user name will be your 9-digit Social Security Number without dashes or spaces (e.g. 123456789). Your password will be your date of birth entered as mmddyyyy (e.g. 05141977). After your initial log in, you will be prompted to create a new username and password.***

* NOTE: You do not need to be an active participant in McMahon’s 401(k) plan to access the Financial Finesse site.

 

If you are not currently enrolled in McMahon’s 401(k) plan, you can still access Financial Finesse by clicking on the link https://secure.financialfinesse.com/flc/bpas. There are no registration parameters. You can use a work or personal email and can create your own password. (The employer zip is just to aide with demographics). 

WANNA GET EVEN SMARTER WITH YOUR FINANCES?

CHECK OUT THESE WEBINARS

July -  Retirement Risks

 

August - Estate Planning Basics

 

September - Understanding Life Insurance

 

October - Health Savings Accounts

 

November - Understanding Social Security

 

December - Financial Goal Setting 

July 21 - Health is Wealth Part 2: How Stress Impacts Your Health

 

July 23 - Women and Investing

 

July 30 - Social Security

Financial Contacts
McMahon’s 401(k) Plan Advisor

Gordon E. Conwell Associates, Inc.

Gordon Conwell

PO Box 227

Flourtown, PA 19031

215-836-7845 PH

gc1@americanterm.com

Don't forget about your Financial Wellness too!

Sometimes it's scary to take a good look at the state of your finances, but its so important you really need to take the time and get a real view of what you have and where you want to go.

 

Whether it's getting your 401k set up for retirement planning, paying off credit cards, or putting money aside for college educations - having a clear view of your finances and techniques to achieve these goals should also be a priority in your assessment strategies. 

Tools to Help You Assess Your World

What do your blood pressure numbers mean?

Health Screening Standards

U.S. Department of Health & Human Services

The following are guidelines, always consult your physician for a full evaluation.

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© 2020 McMahon Associates, Inc.