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As a USAA 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.
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As a USAA 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 USAA 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 types of retirement savings plans does USAA offer?
USAA offers a 401(k) plan as part of its retirement savings options for employees.
How does USAA match employee contributions to the 401(k) plan?
USAA matches employee contributions up to a certain percentage, typically a dollar-for-dollar match up to a specified limit.
Can employees at USAA choose their investment options within the 401(k) plan?
Yes, USAA allows employees to choose from a variety of investment options within the 401(k) plan to suit their individual retirement goals.
What is the vesting schedule for USAA's 401(k) matching contributions?
USAA has a vesting schedule that determines how long an employee must work at the company to fully own the matching contributions made by USAA.
How can USAA employees access their 401(k) account information?
USAA employees can access their 401(k) account information through the USAA employee portal or by contacting the HR department.
Does USAA offer any educational resources for employees regarding their 401(k) plans?
Yes, USAA provides educational resources and workshops to help employees understand their 401(k) plans and make informed investment decisions.
What is the minimum contribution percentage required for USAA employees to participate in the 401(k) plan?
USAA typically requires employees to contribute a minimum percentage of their salary to participate in the 401(k) plan, which may vary by plan specifics.
Are there any fees associated with USAA's 401(k) plan?
Yes, USAA’s 401(k) plan may have administrative fees, which are disclosed in the plan documents provided to employees.
Can USAA employees take loans against their 401(k) savings?
Yes, USAA allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.
What happens to a USAA employee's 401(k) if they leave the company?
If a USAA employee leaves the company, they have several options for their 401(k), including rolling it over to an IRA or a new employer's plan, or cashing it out.
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