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

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As a WeWork 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 WeWork 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 WeWork 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 plan does WeWork offer to its employees?

WeWork offers a 401(k) retirement plan to help employees save for their future.

Does WeWork match employee contributions to the 401(k) plan?

Yes, WeWork provides a matching contribution to the 401(k) plan, subject to certain limits.

How can WeWork employees enroll in the 401(k) plan?

WeWork employees can enroll in the 401(k) plan through the employee benefits portal or by contacting the HR department for assistance.

What is the eligibility requirement for WeWork employees to participate in the 401(k) plan?

Generally, WeWork employees are eligible to participate in the 401(k) plan after completing a specified period of employment, as outlined in the employee handbook.

Can WeWork employees change their contribution percentage to the 401(k) plan?

Yes, WeWork employees can change their contribution percentage at any time during the year, subject to certain limitations.

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

WeWork's 401(k) plan offers a variety of investment options, including mutual funds and other investment vehicles, allowing employees to choose based on their risk tolerance and retirement goals.

Does WeWork provide financial education resources for employees regarding their 401(k) plan?

Yes, WeWork offers financial education resources and workshops to help employees understand their 401(k) options and make informed decisions.

What happens to my 401(k) plan if I leave WeWork?

If you leave WeWork, you have several options for your 401(k) plan, including rolling it over to an IRA or a new employer's plan, cashing it out, or leaving it with WeWork until you reach retirement age.

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

Yes, WeWork's 401(k) plan may have certain administrative fees and investment-related expenses, which are disclosed in the plan documents.

How often can WeWork employees contribute to their 401(k) plan?

WeWork employees can contribute to their 401(k) plan through payroll deductions, which occur with each paycheck.