Healthcare Provider Update: Match Group provides medical, dental, vision, and mental health coverage, along with FSAs, HSAs, and fertility assistance 7. As ACA premiums increase, Matchs benefits package offers a competitive edge, helping employees maintain coverage without facing steep marketplace hikes. Click here to learn more
Preparing for retirement at Match Group 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 Match Group 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 Match Group. Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Match Group retirement accounts stand today? Being proactive with your Match Group 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
Featured Video
Articles you may find interesting:
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
What is the 401(k) plan offered by Match Group?
Match Group offers a 401(k) plan that allows employees to save for retirement with pre-tax contributions, providing a tax advantage for participants.
Does Match Group provide a company match for 401(k) contributions?
Yes, Match Group offers a company match for employee contributions to the 401(k) plan, which helps employees grow their retirement savings.
How can employees at Match Group enroll in the 401(k) plan?
Employees at Match Group can enroll in the 401(k) plan during their onboarding process or during the annual open enrollment period.
What types of investment options are available in Match Group's 401(k) plan?
Match Group's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk profiles.
Is there a vesting schedule for the company match in Match Group's 401(k) plan?
Yes, Match Group has a vesting schedule for the company match, which means employees must work for the company for a certain period before they fully own the matched contributions.
Can employees at Match Group take loans against their 401(k) savings?
Yes, Match Group allows employees to take loans against their 401(k) savings, subject to certain conditions and limits set by the plan.
What is the minimum contribution percentage for Match Group's 401(k) plan?
The minimum contribution percentage for Match Group's 401(k) plan may vary, but employees are encouraged to contribute at least enough to receive the full company match.
How often can employees change their contribution amount in Match Group's 401(k) plan?
Employees at Match Group can change their contribution amount to the 401(k) plan at any time, subject to the plan's guidelines.
Does Match Group offer financial education resources for employees regarding their 401(k) plan?
Yes, Match Group provides financial education resources and tools to help employees understand their 401(k) options and make informed investment decisions.
What happens to Match Group's 401(k) plan if an employee leaves the company?
If an employee leaves Match Group, they have several options for their 401(k) savings, including rolling it over to an IRA or a new employer's plan, or cashing it out (subject to taxes and penalties).