Healthcare Provider Update: Altice USA offers comprehensive healthcare benefits including medical (with pharmacy), dental, and vision coverage, along with supplemental options like critical illness and hospital indemnity insurance 1. With ACA premiums expected to rise sharply in 2026, employeesespecially those nearing retirement or using marketplace plansare encouraged to compare employer-sponsored options and coordinate early with HR and a tax advisor to manage potential cost increases Click here to learn more
Preparing for retirement at Altice USA can look a little different for women than it does for men. Although stereotypes are changing, women are still more likely to serve as caretakers than men are, meaning they may accumulate less income and benefits due to their time absent from the workforce. Research shows that 31% of women are currently or have been caregivers during their careers. Women who are working also tend to put less money aside for retirement. According to one report, women contribute 30% less to their retirement accounts than men.
These numbers may seem overwhelming, but you don’t have to be a statistic. With a little foresight, you can start taking steps now, which may help you in the long run. Here are three steps to consider that may put Altice USA employees ahead of the curve.
- Talk about money. Nowadays, discussing money is less taboo than it’s been in the past, and it’s crucial to take control of your financial future. If you’re single, consider writing down your retirement goals and keeping them readily accessible. If you have a partner, make sure you are both on the same page regarding your retirement goals. The more comfortably you can talk about your future, the more confident you may be to make important decisions when they come up.
- Be proactive about your retirement after Altice USA. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Altice USA retirement accounts stand today? Being proactive with your Altice USA retirement accounts allows you to create a goal-oriented roadmap. It may also help to adapt when necessary and continue their journey regardless of things like relationship status or market fluctuations.
- Make room for your future in your budget. Adjust your budget to allow for retirement savings, just as you would for a new home or your dream vacation. Like any of your other financial goals, you may find it beneficial to review your retirement goals on a regular basis to make sure you’re on track.
- Retirement may look a little different for women, but with the right strategies – and support – you’ll be able to live the retirement you’ve always dreamed of.
- Transamerica.com, 2021
- GAO.gov, 2021
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What is the 401(k) plan offered by Altice USA?
The 401(k) plan offered by Altice USA 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 Altice USA's 401(k) plan?
Employees can enroll in Altice USA's 401(k) plan by accessing the benefits portal or contacting the HR department for guidance on the enrollment process.
Does Altice USA match contributions to the 401(k) plan?
Yes, Altice USA offers a matching contribution to the 401(k) plan, helping employees to maximize their retirement savings.
What is the maximum contribution limit for Altice USA's 401(k) plan?
The maximum contribution limit for Altice USA's 401(k) plan follows the IRS guidelines, which may change annually. Employees should check the latest limits for the current year.
When can I start withdrawing from my Altice USA 401(k) plan?
Employees can generally start withdrawing from their Altice USA 401(k) plan without penalties after reaching the age of 59½, though there are specific rules regarding hardship withdrawals.
Can I take a loan against my Altice USA 401(k) plan?
Yes, Altice USA allows employees to take loans against their 401(k) plan, subject to specific terms and conditions outlined in the plan documents.
What investment options are available in Altice USA's 401(k) plan?
Altice USA's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles, allowing employees to choose based on their risk tolerance and retirement goals.
How often can I change my contribution amount to Altice USA's 401(k) plan?
Employees can change their contribution amount to Altice USA's 401(k) plan at any time, subject to the plan's guidelines and payroll processing schedules.
Is there a vesting schedule for Altice USA's 401(k) matching contributions?
Yes, Altice USA has a vesting schedule for matching contributions, meaning employees must work for the company for a certain period to fully own the matched funds.
How can I check my Altice USA 401(k) account balance?
Employees can check their Altice USA 401(k) account balance by logging into the benefits portal or contacting the plan administrator for assistance.