As a Elevance Health 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 Elevance Health 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 Elevance Health 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 type of retirement savings plan does Elevance Health offer to its employees?
Elevance Health offers a 401(k) savings plan to help employees save for retirement.
Does Elevance Health match employee contributions to the 401(k) plan?
Yes, Elevance Health provides a matching contribution to employee 401(k) plans, subject to certain limits.
How can employees enroll in the Elevance Health 401(k) savings plan?
Employees can enroll in the Elevance Health 401(k) savings plan through the company’s benefits portal during the enrollment period.
What types of investment options are available in the Elevance Health 401(k) plan?
The Elevance Health 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.
Is there a vesting schedule for the Elevance Health 401(k) matching contributions?
Yes, Elevance Health has a vesting schedule for matching contributions, which means employees must work for the company for a certain period to fully own those contributions.
Can employees take loans against their Elevance Health 401(k) savings plan?
Yes, Elevance Health allows employees to take loans against their 401(k) savings plan, subject to specific terms and conditions.
What is the maximum contribution limit for the Elevance Health 401(k) plan?
The maximum contribution limit for the Elevance Health 401(k) plan is determined by IRS guidelines, which can change annually.
Does Elevance Health offer financial education resources for employees regarding the 401(k) plan?
Yes, Elevance Health provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.
When can employees start withdrawing from their Elevance Health 401(k) savings plan?
Employees can generally start withdrawing from their Elevance Health 401(k) savings plan at age 59½, although there are specific rules regarding withdrawals.
Are there penalties for early withdrawal from the Elevance Health 401(k) plan?
Yes, early withdrawals from the Elevance Health 401(k) plan may incur penalties and taxes, according to IRS regulations.