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As a Ashland employee earning a good wage, remember when everyday products were much cheaper than they are now? That's a real-life example of inflation, an unavoidable phenomenon that erodes the value of money by pushing prices up over time. If capital isn't being put to work and making a return during inflationary periods, the purchasing power of investor capital is declining.
'If capital isn't being put to work and making a return during inflationary periods, the purchasing power of investor capital is declining.' |
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As a Ashland employee interested in investing, it is important to consider how investors have a wide range of tools at their disposal to protect their portfolios from inflation. Some prefer inflation-protected bonds, while others swear by commodities such as gold as effective inflation hedges. Investing in stocks has historically been one of the best ways to offset, or even outpace, inflation's degenerative effects on one's savings. For Ashland employees, it is important to account for this information when planning your finances as to create a portfolio that minimizes volatility and accounts for inflation.
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We still have a tremendous amount of interest from advisors looking into commodity funds, ETFs and other inflation protection instruments to protect against potential inflation.
What is the primary purpose of Ashland's 401(k) Savings Plan?
The primary purpose of Ashland's 401(k) Savings Plan is to help employees save for retirement by providing a tax-advantaged way to invest a portion of their income.
How can Ashland employees enroll in the 401(k) Savings Plan?
Ashland employees can enroll in the 401(k) Savings Plan by accessing the employee benefits portal or contacting the HR department for assistance.
Does Ashland offer a matching contribution for its 401(k) Savings Plan?
Yes, Ashland offers a matching contribution to the 401(k) Savings Plan, which helps employees maximize their retirement savings.
What types of investment options are available in Ashland's 401(k) Savings Plan?
Ashland's 401(k) Savings Plan typically offers a variety of investment options, including mutual funds, target-date funds, and company stock.
At what age can Ashland employees start withdrawing from their 401(k) Savings Plan without penalties?
Ashland employees can start withdrawing from their 401(k) Savings Plan without penalties at age 59½.
Can Ashland employees take loans against their 401(k) Savings Plan balance?
Yes, Ashland allows employees to take loans against their 401(k) Savings Plan balance, subject to certain terms and conditions.
How often can Ashland employees change their contribution percentage to the 401(k) Savings Plan?
Ashland employees can change their contribution percentage to the 401(k) Savings Plan at any time, subject to plan rules.
Is there a vesting schedule for Ashland's 401(k) matching contributions?
Yes, Ashland has a vesting schedule for matching contributions, which determines how much of the employer contributions employees are entitled to based on their years of service.
Can Ashland employees roll over funds from another retirement account into the 401(k) Savings Plan?
Yes, Ashland employees can roll over funds from other qualified retirement accounts into the Ashland 401(k) Savings Plan.
What is the maximum contribution limit for Ashland's 401(k) Savings Plan?
The maximum contribution limit for Ashland's 401(k) Savings Plan is set by the IRS and may change annually; employees should check the latest guidelines for the specific limit.