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Healthcare Provider Update: Offers health, dental, vision, life insurance, and HSAs, along with wellness programs and tuition reimbursement 9. As ACA premiums rise, Rackspaces top-tier benefits and employer contributions help employees avoid the financial burden of marketplace plans. Click here to learn more
As a Rackspace Technology 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 Rackspace Technology 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 Rackspace Technology 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 Rackspace Technology offer to its employees?
Rackspace Technology offers a 401(k) retirement savings plan to help employees save for their future.
Does Rackspace Technology match employee contributions to the 401(k) plan?
Yes, Rackspace Technology provides a matching contribution to employee 401(k) contributions, which helps boost retirement savings.
What is the maximum contribution limit for the Rackspace Technology 401(k) plan?
The maximum contribution limit for the Rackspace Technology 401(k) plan follows the IRS guidelines, which can change annually.
Can employees at Rackspace Technology choose how to invest their 401(k) contributions?
Yes, employees at Rackspace Technology can choose from a variety of investment options for their 401(k) contributions.
When can employees at Rackspace Technology start contributing to the 401(k) plan?
Employees at Rackspace Technology can start contributing to the 401(k) plan after completing their eligibility period as outlined in the plan documents.
Is there a vesting schedule for the Rackspace Technology 401(k) matching contributions?
Yes, Rackspace Technology has a vesting schedule for matching contributions, which determines when employees fully own those contributions.
How can Rackspace Technology employees access their 401(k) account information?
Rackspace Technology employees can access their 401(k) account information through the plan's online portal or by contacting the plan administrator.
Are there any fees associated with the Rackspace Technology 401(k) plan?
Yes, there may be fees associated with the Rackspace Technology 401(k) plan, which are disclosed in the plan documents and can vary based on investment options.
Can employees take loans against their 401(k) balance at Rackspace Technology?
Yes, Rackspace Technology allows employees to take loans against their 401(k) balance, subject to the terms and conditions of the plan.
What happens to my 401(k) account if I leave Rackspace Technology?
If you leave Rackspace Technology, you have several options for your 401(k) account, including rolling it over to another retirement account or cashing it out, subject to taxes and penalties.
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