Course Description

Surveys have shown that a majority of first responders stress over finances and bring that stress and lack of focus to the job, which affects the safety and productivity of the entire workforce. In addition to workplace concerns, financial discord is one of the major reasons for divorce which also results in personal and professional stress and affects employee behavior.

Police agencies are constantly on the lookout for training topics relating to officer performance and wellness, but mistakenly believe financial literacy is a personal issue and should be addressed at home. Most organizations only address employee financial issues on the first day of hire even though many officers would be in favor of receiving ongoing financial training. In fact, a recent Wall Street Journal article pointed out Generation Y and Z view employer sponsored financial training as a top recruiting and retention perk!

This webinar is designed to provide tools and resources to educate the police officer on financial issues that might affect the officer, the family, and the agency. This webinar will also provide a training outline and justification for the innovative public safety agency considering providing financial training to recruits, veterans, and family members.

The Dolan Consulting Group encourages public safety agencies to consider sponsoring this webinar for new employees as well as veteran employees and recommends public safety employees view this webinar with their loved ones.

This course will cover the following topics:

  • The Impact of Financial Stress on First Responders and Agencies
  • Family Budgeting 101
  • Overtime and Extra Duty: The Good and Bad
  • Retirement Budgeting and Planning
  • Pension Plans and Pension Security
  • 401, 403, and 457 (Deferred Compensation)/Roth Retirement Investment Plans
  • Social Security
  • The Cost of Waiting too Long to Invest
  • Investment Strategy: Risk vs Reward
  • Self- Employment
  • The Financial Impact of Divorce
  • Insurance, Health Insurance, and Health Savings Accounts
  • 529 College Savings Plans
  • Choosing a Financial Consultant
  • Taxes and Tax Implications
  • After the Webinar-Additional Financial and Retirement Tools and Resources

The webinar will be presented by Captain Brian Nanavaty, Indianapolis Metro Police Department (retired), who previously served as IMPD Finance, Payroll and Pensions Director and serves as Fiduciary for the $60 million IMPD 457 Deferred Compensation Plan.

This webinar is for educational and informational purposes only and should not replace qualified professional financial or investment counseling.

Instructor

| Capt. Brian Nanavaty (Ret.)

Captain Brian Nanavaty retired in 2017 after 33 years with the Indianapolis Metro Police Department (IMPD) where in 2010 he created the IMPD Office of Professional Development and Wellness (OPDW) and served as Professional Performance Manager. His innovative programs created a culture of health at IMPD and a reduction of officer disciplinary referrals by 40%.

During his career and in retirement Nanavaty continues to instruct officers, executives, union officials, insurance providers and clinicians in the areas of personal and career survival for the Department of Justice (DOJ), the FBI, Safe Call Now, the Dolan Consulting Group and at major conferences including IACP, ILEETA, IADLEST, NOBLE, FOP and EAPA conferences. Nanavaty was a headline presenter at the 2017 National Crime Summit and has been featured on Police One.com and in Law and Order magazine and the FBI Law Enforcement Bulletin.

Nanavaty currently serves on the FBINAA and Fraternal Order of Police (FOP) Safety and Wellness Committees where he assisted in the legislation for the Law Enforcement Mental Health and Wellness Act (2018). As part of his committee duties he has also designed a training portal for members and vets treatment and recovery facilities for first responders. Nanavaty additionally serves on the Executive Board of the National Institute for Public Safety Health, is a member of the Critical Incident Stress Management working group for the IACP Policy Center and is a consultant with the Police Executive Research Forum (PERF) on officer wellness issues.

In 2015, Nanavaty and IMPD received the inaugural Destination Zero Valor Award from the DOJ and the National Law Enforcement Officers Memorial Fund (NLEOMF) for his officer and agency wellness programs and in 2016, in addition to appearing in front of the US Congress on the issue of officer wellness, Nanavaty was a finalist for the prestigious International Association of Chiefs of Police (IACP) Officer of the Year award. In 2016, the White House sent US Attorney General Loretta Lynch to Indianapolis as part of the President’s Task Force on 21st Century Policing where Lynch stated “Captain Nanavaty’s officer and agency wellness program in Indianapolis should be the model for law enforcement across the US.”

In 2016, Nanavaty and IMPD were awarded the BJA/COPS Microgrant for Officer Safety and Wellness and were represented in the BJA/COPS Officer Safety and Wellness Group and chronicled in the BJA/COPS Improving Law Enforcement Resilience publication October 2016. In 2019, Nanavaty’s groundbreaking work at IMPD was part of the 11 successful agency case studies summarized in the DOJ’s Report to Congress (March 2019).

Captain Nanavaty attended Franklin College (IN), Drew University (NJ), and the University of Virginia. He is a graduate of the 255th Session of the FBI National Academy in Quantico VA. From 1994-2003 he was Adjunct Professor of Criminal Justice at Indiana and Purdue Universities.

Course curriculum

  • 1

    Before You Start

    • Consent Questions
  • 2

    Webinar

    • Financial Planning for Police Officers | Hour 1

    • Financial Planning for Police Officers | Hour 2