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Financial Workshops

Weekly Virtual Classes now available! Zoom and Adobe Connect options! Updated 2/8/21. To schedule a MOL Financial Education Action Point training at your command, please contact your Command Financial Specialist or the Personal Financial Management Specialist at 703-614-6950.

Understanding Your Thrift Savings Plan (TSP)

Wednesdays, March 10, 17, 24 • 12:00–1:00 pm • Virtual Class via Zoom.

Finally, understand your TSP benefits!


This class covers:

  • How to enroll
  • The tie in with the Blended Retirement System
  • The difference between Traditional and Roth accounts
  • Fund investment options

This weekly class will be facilitated by the Henderson Hall Personal Finance Counselor, Rob Rea, CFP®. To sign up please send an email to PFC.Henderson.USMC@Zeiders.com.


Link will be emailed to all participants. Participation is limited. Spouses Welcome! Submit any TSP questions via email! If you have any questions, contact (202) 384-5731.

Controlling Your Finances

Fridays, March 5, 12, 19, 26 • 12:00–1:00 pm • Virtual Class via Zoom.

Take control of your finances, before they take control of you!


This class covers:

  • Credit and Debt
  • Using credit wisely
  • Credit scores and reports
  • Managing debt

This weekly class will be facilitated by the Henderson Hall Personal Finance Counselor, Rob Rea, CFP®. To sign up please send an email to PFC.Henderson.USMC@Zeiders.com.


Link will be emailed to all participants. Participation is limited. Spouses Welcome! Submit any TSP questions via email! If you have any questions, contact (202) 384-5731.

Introduction to Taxes

Thursday, March 18 • 12:00–1:00 pm • Virtual Class via Adobe Connect.

AD, Retirement and Transition


This class covers:

  • Explain the different types of taxes
  • Discuss strategies for legally minimizing the amount of tax you pay

This class will be facilitated by the Henderson Hall Personal Finance Management Specialist, Letty Stevens AFC® CRPC®. To sign up please send an email to Leticia.Stevens@usmc.mil. If you have any questions, contact (703) 614-6950.


Link will be emailed to all participants. Participation is limited. Spouses Welcome! Submit any questions via email!


Let 2021 be YOUR year to understand taxes!



Workshop Descriptions:

Getting Married/ 1st Baby/ Divorce.
Getting Married (FEAP): The decision to get married is one of the most important financial decisions a couple will make together. Getting Married provides instructional content and activities that will allow participants to identify key financial discussions to have when getting married. Once couples have a full grasp of their current financial situation, couples can create a realistic budget and set short- and long-term financial goals.

First Child (FEAP): The decision to start a family will lead to significant changes in your family budget. As with any other decision that impacts your financial situation, it is wise to arm yourself with knowledge and a solid plan. This lesson provides information and activities to help you understand how adding a new family member can impact your budget. After completing this lesson, you should be able to:

  • Determine how starting a family will affect your spending plan
  • Take the appropriate steps to ensure financial preparation when starting a family
  • Identify resources that are available when starting a family

Divorce (FEAP): Divorce and marital separation are unfortunate realities for many in uniform, and these situations can become a source of financial difficulty. For anyone experiencing this challenging life event, it is important to take the time to evaluate your financial situation and have an understanding of financial obligations and assets. This lesson can assist in getting a couple’s financial house in order. After completing this lesson, you should be able to determine how divorce impacts your overall financial situation.


Promotion and TSP (FEAP)
Developing a Spending Plan provides instructional content, assessments, and activities that will inform participants on how to create a spending plan and keep track of their financial health.

After completing this lesson, participants should be able to:

  • Explain what a spending plan is and the benefits of having one
  • Determine their household’s income
  • Calculate their monthly expenses
  • Explain methods for tracking your expenses
  • Describe the importance of financial goals in spending plans
  • Create a workable spending plan
  • Describe three methods for determining their financial health—net worth, debt-to-income ratio, and the liquidity ratio

Introduction to the Thrift Savings Plan (TSP) provides instructional content and activities to educate participants on the benefits of participating in the TSP. After completing this lesson, participants be able to:

  • Explain the importance of participating in the TSP
  • Differentiate between the various TSP funds
  • Identify appropriate fund(s) for TSP allocations based on risk tolerance
  • Use investment planning tools and calculators provided by the TSP

PCS/ BAH/ renting/ home buying and selling
PCS&BAH (FEAP): Financial Planning for Permanent Change of Station (PCS) provides instructional content and activities to help you determine estimated travel costs for your next move and take steps to ensure a successful and cost-effective PCS. After completing this lesson, participants should be able to: Estimate travel expenses associated with an upcoming PCS and apply strategies to ensure a smooth and cost-effective move.

Renting a Home: Preparation and Research provides instructional content and activities that will allow you to complete the necessary preparation and research to rent off-base housing.

After completing this lesson, participants should be able to:

  • Explain the benefits of renting a home compared to buying a home
  • List typical upfront leasing costs for off-base rentals
  • Consider the different options when deciding where and what type of home to rent
  • Identify resources for conducting a rental search

Home Buying: Preparation and Research provides instructional content and activities that will prepare Service members for making a wise home purchase decision. After completing this lesson, participants should be able to:

  • Explain the benefits of renting a home compared to buying a home
  • Identify the different types of homes and associated costs
  • Determine how much they can afford when buying a home

Selling Your Home: Preparation and Research provides instructional content and activities that will prepare Service members for selling their home. After completing this lesson, participants should be able to:

  • Describe how to determine a fair asking price for their home
  • Describe the advantages and disadvantages of using a real estate agent and sale by owner
  • Explain federal programs that are in place to help Service members who are selling their homes due to financial distress

Credit and Debt
Introduction to Credit provides instructional content, assessments, and activities that will inform participants about the pros and cons of credit and prepare them to use credit responsibly. After completing this lesson, participants should be able to:

  • Identify the benefits and risks of using credit
  • Explain how to qualify for credit
  • Identify strategies for establishing and maintaining good credit
  • Identify factors that influence the cost of credit

Using and Managing Credit provides instructional content, assessments, and activities that will inform you about credit card terminology, credit card costs and features, and credit reports. After completing this lesson, participants should be able to:

  • Evaluate the costs, terms, and other features of credit cards when selecting one
  • Explain how to obtain and review one’s credit report to verify that it is correct and complete

Introduction to Debt Management provides instructional content and activities that will allow participants to understand what debt is and how to manage it appropriately to avoid the consequences of poor financial management. After completing this lesson, participants should be able to:

  • Determine their percentage of debt by calculating their debt-to-income ratio
  • Recognize the warning signs of too much debt
  • Locate resources for addressing debt issues

Car Buying
Car Buying Preparation and Research provides instructional content and activities that will allow you to complete the necessary preparation and research to make a successful car purchase. After completing this lesson, participants should be able to:

  • Calculate how much they can afford to spend on a car
  • Determine the type of car they need
  • Identify where they will buy your car
  • Determine a fair and reasonable price for their car
  • Decide whether they should buy or lease a car

Car Buying Strategies provides instructional content and activities that will allow you to negotiate the price of a car, financing, and a trade-in. This lesson also prepares you to handle common car buying complications. After completing this lesson, participants should be able to:

  • Describe their car buying rights under federal law
  • Discuss strategies for negotiating the purchase price, financing, and trade-in value of a car
  • Discuss guidelines for handling car buying complications and problems

Investing
Introduction to the Time Value of Money provides instructional content and activities to help identify the concept that a dollar you have today is worth more than a dollar you receive in the future. After completing this lesson, participants should be able to:

  • Calculate financial scenarios based on the time value of money
  • Explain how interest earned affects the time value of money
  • Complete simple calculations to determine the value of compound interest
  • Explain the rule of 72 and its underlying assumption

Introduction to Investing provides instructional content and activities that will allow participants to learn basic information about investing. After completing this lesson, participants should be able to:

  • Explain the level of risk and potential return for various investment options
  • Compare and contrast different asset types and investment vehicles, including levels of risk and rates of return
  • Relate the market indexes to investment performance
  • Describe how various assets function in your investment portfolio
  • Identify where to locate appropriate, trustworthy investing products
  • Analyze factors affecting the rate of return on investments
  • Describe the various resources available for researching investment options
  • Identify the impact of fees on investments

Retirement and Taxes
Introduction to Taxes provides instructional content and activities that will inform you about the different types of taxes you pay and strategies to legally minimize your tax burden. After completing this lesson, participants should be able to:

  • Explain the different types of taxes they pay
  • Discuss strategies for legally minimizing the amount of tax they pay

Planning Your Retirement provides instructional content and activities to help participants plan for their retirement. After completing this lesson, participants should be able to:

  • Summarize the necessary steps to plan for their retirement
  • Identify methods to calculate retirement needs

See also: