Healthcare Provider Update: Provides medical, dental, vision, disability, and wellness programs 5. Employees using ACA coverage should prepare for 2026 premium increases and coordinate with HR Click here to learn more
As a CenterPoint Energy 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 CenterPoint Energy 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 CenterPoint Energy 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 the 401(k) Savings Plan at CenterPoint Energy?
The purpose of the 401(k) Savings Plan at CenterPoint Energy is to help employees save for retirement by allowing them to contribute a portion of their paycheck to a tax-advantaged account.
How can I enroll in the 401(k) Savings Plan at CenterPoint Energy?
Employees can enroll in the 401(k) Savings Plan at CenterPoint Energy by completing the enrollment process through the companys benefits portal during the enrollment period.
What types of contributions can I make to my 401(k) at CenterPoint Energy?
At CenterPoint Energy, employees can make pre-tax contributions, Roth (after-tax) contributions, and catch-up contributions if eligible.
Does CenterPoint Energy offer a company match for the 401(k) contributions?
Yes, CenterPoint Energy offers a company match for employee contributions to the 401(k) Savings Plan, which helps to enhance retirement savings.
What is the maximum contribution limit for the 401(k) at CenterPoint Energy?
The maximum contribution limit for the 401(k) at CenterPoint Energy is subject to IRS limits, which may change annually. Employees should check the current limits for the specific year.
When can I start withdrawing funds from my 401(k) at CenterPoint Energy?
Employees can start withdrawing funds from their 401(k) at CenterPoint Energy upon reaching age 59½, or under certain circumstances such as financial hardship or termination of employment.
Are there penalties for early withdrawal from the 401(k) at CenterPoint Energy?
Yes, early withdrawals from the 401(k) at CenterPoint Energy may incur penalties and taxes unless specific exceptions apply, such as disability or financial hardship.
How often can I change my contribution amount to the 401(k) at CenterPoint Energy?
Employees at CenterPoint Energy can change their contribution amount to the 401(k) Savings Plan at any time, subject to the plan's guidelines.
What investment options are available in the CenterPoint Energy 401(k) Savings Plan?
The CenterPoint Energy 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.
Can I take a loan against my 401(k) at CenterPoint Energy?
Yes, CenterPoint Energy allows employees to take loans against their 401(k) balance, subject to the plan's terms and conditions.