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Empowering Women at Univision Communciations: 4 Essential Retirement Strategies to Consider

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

The 401(k) plan at Univision Communications 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 the 401(k) plan at Univision Communications?

Employees can enroll in the 401(k) plan at Univision Communications by completing the enrollment form available through the HR portal or by contacting the HR department for assistance.

Does Univision Communications offer a company match for the 401(k) contributions?

Yes, Univision Communications offers a company match for employee contributions to the 401(k) plan, subject to specific terms and conditions outlined in the plan documents.

What are the contribution limits for the 401(k) plan at Univision Communications?

The contribution limits for the 401(k) plan at Univision Communications follow the IRS guidelines, which may change annually. Employees should refer to the latest IRS announcements for current limits.

Can I change my contribution percentage for the 401(k) plan at Univision Communications?

Yes, employees can change their contribution percentage for the 401(k) plan at Univision Communications at any time by submitting a request through the HR portal.

What investment options are available in the Univision Communications 401(k) plan?

The 401(k) plan at Univision Communications 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.

When can I access my 401(k) funds from Univision Communications?

Employees can access their 401(k) funds from Univision Communications upon reaching retirement age, or under certain circumstances such as financial hardship or termination of employment, subject to plan rules.

Is there a vesting schedule for the company match in the Univision Communications 401(k) plan?

Yes, Univision Communications has a vesting schedule for the company match, which determines how much of the employer contributions employees are entitled to based on their years of service.

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

If you leave Univision Communications, you have several options for your 401(k) plan, including rolling it over to another retirement account, leaving it with the plan, or cashing it out, subject to taxes and penalties.

Can I take a loan against my 401(k) at Univision Communications?

Yes, Univision Communications allows employees to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan documents.