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Empowering Women at Amerisourcebergen: 4 Essential Retirement Strategies to Consider

Preparing for retirement at Amerisourcebergen 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 Amerisourcebergen 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 Amerisourcebergen. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Amerisourcebergen retirement accounts stand today? Being proactive with your Amerisourcebergen 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 type of retirement savings plan does AmerisourceBergen offer to its employees?

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

How does AmerisourceBergen match employee contributions to the 401(k) plan?

AmerisourceBergen provides a matching contribution up to a certain percentage of the employee's salary, which varies based on the plan guidelines.

Can employees at AmerisourceBergen choose how to invest their 401(k) contributions?

Yes, employees at AmerisourceBergen can select from a variety of investment options within the 401(k) plan based on their individual risk tolerance and retirement goals.

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

Employees must meet specific eligibility criteria, such as length of service and age, to participate in AmerisourceBergen's 401(k) plan.

Does AmerisourceBergen allow employees to take loans from their 401(k) accounts?

Yes, AmerisourceBergen allows employees to take loans from their 401(k) accounts under certain conditions as outlined in the plan documents.

Are there any fees associated with AmerisourceBergen’s 401(k) plan?

Yes, there may be administrative fees associated with the management of AmerisourceBergen's 401(k) plan, which are disclosed in the plan documentation.

How can AmerisourceBergen employees access their 401(k) account information?

Employees can access their 401(k) account information through the online portal provided by the plan administrator designated by AmerisourceBergen.

What happens to an employee's 401(k) balance if they leave AmerisourceBergen?

If an employee leaves AmerisourceBergen, they have several options for their 401(k) balance, including rolling it over to another retirement account or leaving it in the AmerisourceBergen plan, subject to the plan's rules.

Does AmerisourceBergen offer any educational resources for employees regarding their 401(k) plan?

Yes, AmerisourceBergen provides educational resources and workshops to help employees understand their 401(k) options and make informed investment decisions.

Can AmerisourceBergen employees change their contribution rate to the 401(k) plan at any time?

Yes, employees at AmerisourceBergen can change their contribution rate to the 401(k) plan during designated enrollment periods or as allowed by the plan.