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Navigating Inflation: Essential Insights for Newmark Group Employees to Safeguard Their Retirement Plans

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As a Newmark Group 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.' woman signing on white printer paper beside woman about to touch the documents

 


As a Newmark Group 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 Newmark Group 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 Newmark Group?

The 401(k) plan offered by Newmark Group 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 Newmark Group's 401(k) plan?

You can enroll in Newmark Group's 401(k) plan by completing the enrollment form provided during your onboarding process or by accessing the employee benefits portal.

What is the employer match for Newmark Group's 401(k) plan?

Newmark Group offers a competitive employer match for contributions made to the 401(k) plan, which is typically a percentage of your contributions up to a certain limit.

Can I change my contribution percentage to Newmark Group's 401(k) plan?

Yes, you can change your contribution percentage to Newmark Group's 401(k) plan at any time by accessing your account through the employee benefits portal.

What investment options are available in Newmark Group's 401(k) plan?

Newmark Group's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles tailored to meet different risk tolerances.

When can I start withdrawing from my Newmark Group 401(k) plan?

You can start withdrawing from your Newmark Group 401(k) plan without penalty at age 59½, but there are specific rules regarding hardship withdrawals and loans.

Does Newmark Group's 401(k) plan offer loans?

Yes, Newmark Group's 401(k) plan allows participants to take loans against their account balance, subject to certain terms and conditions.

Are there any fees associated with Newmark Group's 401(k) plan?

Yes, there may be administrative fees and investment fees associated with Newmark Group's 401(k) plan, which are disclosed in the plan documents.

How often can I review my Newmark Group 401(k) account?

You can review your Newmark Group 401(k) account at any time by logging into the employee benefits portal, where you can view your balance and investment performance.

What happens to my Newmark Group 401(k) if I leave the company?

If you leave Newmark Group, you have several options for your 401(k), including rolling it over to an IRA or another employer's plan, or cashing it out (though this may incur taxes and penalties).

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For more information you can reach the plan administrator for Newmark Group at , ; or by calling them at .

*Please see disclaimer for more information

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