<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Learn More

Empowering Women at Roku: 4 Essential Retirement Strategies to Consider

image-table

Healthcare Provider Update: Roku offers comprehensive health insurance benefits including medical, dental, vision, life, and disability coverage. Employees receive an annual stipend that typically covers the full cost of health insurance premiums, making coverage effectively $0 out-of-pocket for most staff 1. As ACA premiums are projected to rise by 1518% in 2026 and subsidies may expire, Rokus fully subsidized health plans provide a strong financial advantage, shielding employees from the volatility and cost increases expected in the individual marketplace. Click here to learn more

Preparing for retirement at Roku 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 Roku 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 Roku.  Do you have clear, defined goals for what you want your retirement to look like? And do you know where your Roku retirement accounts stand today? Being proactive with your Roku 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:

Loading...

What type of retirement savings plan does Roku offer to its employees?

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

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

Yes, Roku provides a matching contribution to employee 401(k) accounts, subject to specific terms and conditions.

What is the vesting schedule for Roku's 401(k) matching contributions?

Employees at Roku typically vest in the company’s matching contributions over a specified period, which is detailed in the plan documents.

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

Yes, Roku employees can select from a variety of investment options within the 401(k) plan to align with their retirement goals.

What is the minimum age for Roku employees to participate in the 401(k) plan?

Employees at Roku can participate in the 401(k) plan as soon as they meet the eligibility requirements, which typically include being at least 18 years old.

How often can Roku employees change their 401(k) contribution amounts?

Roku employees can change their 401(k) contribution amounts at regular intervals, usually once per pay period or as specified in the plan guidelines.

Is there a limit to how much Roku employees can contribute to their 401(k) plan each year?

Yes, Roku employees must adhere to the annual contribution limits set by the IRS for 401(k) plans.

Does Roku provide educational resources for employees to help them understand their 401(k) options?

Yes, Roku offers educational resources and tools to assist employees in making informed decisions about their 401(k) investments.

What happens to a Roku employee's 401(k) if they leave the company?

Upon leaving Roku, employees have several options for their 401(k), including rolling it over to another retirement account or leaving it in the Roku plan, depending on the plan rules.

Can Roku employees take loans against their 401(k) savings?

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

New call-to-action

Additional Articles

Check Out Articles for Roku employees

Loading...

For more information you can reach the plan administrator for Roku at , ; or by calling them at .

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Roku employees