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Empowering Women at Twitter: 4 Essential Retirement Strategies to Consider

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

The 401(k) plan at Twitter is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

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

Twitter offers a matching contribution to the 401(k) plan, typically matching a percentage of the employee's contributions up to a certain limit.

Can employees at Twitter choose how much to contribute to their 401(k) plan?

Yes, employees at Twitter can choose to contribute a percentage of their salary to their 401(k) plan, within the limits set by the IRS.

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

Twitter's 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to tailor their investment strategy.

When can Twitter employees start contributing to the 401(k) plan?

Employees at Twitter can typically start contributing to the 401(k) plan after completing their initial onboarding period.

Does Twitter allow employees to take loans against their 401(k) savings?

Yes, Twitter allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.

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

If you leave Twitter, you can choose to roll over your 401(k) balance to a new employer’s plan, an IRA, or cash it out, though cashing out may have tax implications.

Is there a vesting schedule for Twitter's 401(k) match?

Yes, Twitter has a vesting schedule for the matching contributions, meaning employees must work for a certain period before they fully own the matched funds.

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

Twitter employees can access their 401(k) account information through the online portal provided by the plan administrator.

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

Yes, there may be administrative fees and investment fees associated with Twitter's 401(k) plan, which are disclosed in the plan documents.

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

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