As a Fortinet 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 Fortinet 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 Fortinet 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 Fortinet?
Fortinet offers a 401(k) plan that allows employees to save for retirement through pre-tax contributions, which can help reduce taxable income.
Does Fortinet match employee contributions to the 401(k) plan?
Yes, Fortinet provides a matching contribution to employee 401(k) plans, helping to enhance employees' retirement savings.
What is the eligibility requirement for Fortinet's 401(k) plan?
Employees at Fortinet are eligible to participate in the 401(k) plan after completing a specified period of employment, typically within the first few months.
How can employees at Fortinet enroll in the 401(k) plan?
Employees can enroll in Fortinet's 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
What types of investment options are available in Fortinet's 401(k) plan?
Fortinet's 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.
Can employees at Fortinet take loans against their 401(k) savings?
Yes, Fortinet allows employees to take loans against their 401(k) savings, subject to certain conditions and limits.
What happens to my 401(k) if I leave Fortinet?
If you leave Fortinet, you can either roll over your 401(k) balance into another retirement account or leave it in Fortinet's plan, subject to the plan's rules.
Is there a vesting schedule for Fortinet's 401(k) matching contributions?
Yes, Fortinet has a vesting schedule for matching contributions, which means employees must work for a certain period to fully own the employer match.
How often can employees change their contribution amounts to Fortinet's 401(k) plan?
Employees at Fortinet can typically change their contribution amounts at any time, subject to the plan's specific guidelines.
Are there any fees associated with Fortinet's 401(k) plan?
Yes, Fortinet's 401(k) plan may have administrative fees and investment fees, which are disclosed in the plan documents.
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