Healthcare Provider Update: Offers medical, dental, vision, mental health support, flexible PTO, 401(k) with match, equity grants, and global work flexibility. As ACA premiums rise, Blocks modern benefits and remote-first policies help employees avoid the financial burden of marketplace plans Click here to learn more
As a Block 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.' |
|
As a Block 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 Block 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.
Featured Video
Articles you may find interesting:
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
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 purpose of Block's 401(k) Savings Plan?
The purpose of Block's 401(k) Savings Plan is to provide employees with a tax-advantaged way to save for retirement.
How can employees at Block enroll in the 401(k) Savings Plan?
Employees at Block can enroll in the 401(k) Savings Plan through the company’s HR portal during the enrollment period or after they meet eligibility requirements.
Does Block offer a company match for the 401(k) contributions?
Yes, Block offers a company match for employee contributions to the 401(k) Savings Plan, which helps employees maximize their retirement savings.
What types of contributions can employees make to Block's 401(k) Savings Plan?
Employees can make pre-tax contributions, Roth (after-tax) contributions, and possibly catch-up contributions if they are age 50 or older in Block's 401(k) Savings Plan.
What is the vesting schedule for Block's 401(k) company match?
Block has a specific vesting schedule for the company match, which typically requires employees to work for a certain number of years before they fully own the matched funds.
Can Block employees take loans against their 401(k) Savings Plan?
Yes, Block allows employees to take loans against their 401(k) Savings Plan, subject to certain terms and conditions outlined in the plan documents.
What investment options are available in Block's 401(k) Savings Plan?
Block's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
How often can Block employees change their contribution amounts to the 401(k) Savings Plan?
Block employees can typically change their contribution amounts to the 401(k) Savings Plan at any time, subject to the plan’s rules.
Is there an auto-enrollment feature in Block's 401(k) Savings Plan?
Yes, Block may have an auto-enrollment feature that automatically enrolls eligible employees in the 401(k) Savings Plan at a default contribution rate.
What is the minimum age requirement for Block employees to participate in the 401(k) Savings Plan?
The minimum age requirement for Block employees to participate in the 401(k) Savings Plan is usually 21 years old, though this can vary based on specific plan provisions.
-2.png?width=300&height=200&name=office-builing-main-lobby%20(52)-2.png)
.webp?width=300&height=200&name=office-builing-main-lobby%20(27).webp)
-2.png)
.webp)