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As a Cornerstone Building Brands 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 Cornerstone Building Brands 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 Cornerstone Building Brands 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 401(k) plan offered by Cornerstone Building Brands?
The 401(k) plan at Cornerstone Building Brands is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How can I enroll in the 401(k) plan at Cornerstone Building Brands?
Employees can enroll in the Cornerstone Building Brands 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
Does Cornerstone Building Brands match employee contributions to the 401(k) plan?
Yes, Cornerstone Building Brands offers a matching contribution to the 401(k) plan, which helps employees boost their retirement savings.
What is the maximum contribution limit for the 401(k) plan at Cornerstone Building Brands?
The maximum contribution limit for the Cornerstone Building Brands 401(k) plan is set according to IRS regulations, which may change annually.
Can I change my contribution percentage for the 401(k) plan at Cornerstone Building Brands?
Yes, employees can change their contribution percentage for the Cornerstone Building Brands 401(k) plan at any time through the HR portal.
What investment options are available in the Cornerstone Building Brands 401(k) plan?
The Cornerstone Building Brands 401(k) plan offers a variety of investment options, including mutual funds and target-date funds, to suit different risk tolerances.
When can I start withdrawing from my 401(k) plan at Cornerstone Building Brands?
Employees can typically start withdrawing from their Cornerstone Building Brands 401(k) plan at age 59½, but there are specific conditions and options available.
Is there a loan option available through the 401(k) plan at Cornerstone Building Brands?
Yes, Cornerstone Building Brands allows employees to take loans against their 401(k) savings, subject to certain terms and conditions.
What happens to my 401(k) plan if I leave Cornerstone Building Brands?
If you leave Cornerstone Building Brands, you have several options for your 401(k) plan, including rolling it over to an IRA, leaving it with the plan, or cashing it out.
How often can I change my investment allocations in the Cornerstone Building Brands 401(k) plan?
Employees can change their investment allocations in the Cornerstone Building Brands 401(k) plan as often as they like, typically through the HR portal.
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