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The world of investing is very subjective--the investment plan that’s right for you depends largely upon the level of comfort that you have when it comes to risk. We'd like our clients from McAfee to remember that you can’t completely avoid risk when it comes to investing, but it's possible for you to manage it.
There are two aspects of risk tolerance for McAfee employees to consider: (1) the capacity of your investment plan itself to absorb losses, and (2) how comfortable you are personally with risk. The first aspect can be quantified--the more flexibility your investment plan has when it comes to potential loss, the more risk your plan can tolerate. For example, as we’ve discussed, a long investment time horizon may allow you to take on more risk than a short time horizon.
| 'You can’t completely avoid risk when it comes to investing, but it is possible for you to manage it..' |
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The second aspect, how comfortable you are personally with risk, is more of an emotional measure, and depends on many factors, including your objectives, life stage, personality, and investment experience. Some investors are comfortable with a high degree of risk, while others can tolerate only minimal risk. Individual risk tolerance is an important factor for McAfee employees in deciding which individual investments are appropriate for them, as well as how their investment dollars should be allocated among different investment classes.
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Investors are typically grouped into three categories for purposes of discussing risk tolerance: aggressive (those who have a high degree of risk tolerance); moderate (those willing to accept some degree of risk), and conservative (those who are risk averse).
What is the 401(k) plan offered by McAfee?
The 401(k) plan offered by McAfee 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 McAfee's 401(k) plan?
Employees can enroll in McAfee's 401(k) plan through the company’s HR portal during the open enrollment period or upon starting employment.
Does McAfee match contributions to the 401(k) plan?
Yes, McAfee offers a company match on employee contributions to the 401(k) plan, which enhances your retirement savings.
What is the maximum contribution limit for McAfee's 401(k) plan?
The maximum contribution limit for McAfee's 401(k) plan is in accordance with IRS guidelines, which may change annually.
Can I change my contribution rate to McAfee's 401(k) plan?
Yes, employees can change their contribution rate to McAfee's 401(k) plan at any time through the HR portal.
What investment options are available in McAfee's 401(k) plan?
McAfee's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
When can I access my funds in McAfee's 401(k) plan?
Employees can access their funds in McAfee's 401(k) plan upon reaching retirement age, or under certain circumstances such as financial hardship.
Is there a vesting schedule for McAfee's 401(k) plan?
Yes, McAfee has a vesting schedule for company contributions, meaning employees must work for a certain period to fully own the employer match.
Can I take a loan from my 401(k) plan at McAfee?
Yes, McAfee allows employees to take loans from their 401(k) plan, subject to specific terms and conditions.
What happens to my 401(k) plan if I leave McAfee?
If you leave McAfee, you can choose to roll over your 401(k) balance to another retirement account, leave it with McAfee, or cash it out.
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