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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 Portland General Electric 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 Portland General Electric 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 Portland General Electric 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 type of retirement savings plan does Portland General Electric offer to its employees?
Portland General Electric offers a 401(k) retirement savings plan to help employees save for their future.
How does Portland General Electric match employee contributions to the 401(k) plan?
Portland General Electric matches employee contributions up to a certain percentage, which is outlined in the plan documents.
Can employees at Portland General Electric contribute to their 401(k) plan on a pre-tax basis?
Yes, employees at Portland General Electric can make pre-tax contributions to their 401(k) plan, reducing their taxable income.
Is there a Roth 401(k) option available for employees at Portland General Electric?
Yes, Portland General Electric offers a Roth 401(k) option, allowing employees to contribute after-tax dollars for tax-free withdrawals in retirement.
What is the eligibility requirement for employees to participate in the 401(k) plan at Portland General Electric?
Employees at Portland General Electric typically become eligible to participate in the 401(k) plan after completing a specified period of service.
How can employees at Portland General Electric enroll in the 401(k) plan?
Employees can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
What investment options are available in the Portland General Electric 401(k) plan?
The Portland General Electric 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Does Portland General Electric provide any financial education resources for employees regarding their 401(k)?
Yes, Portland General Electric provides financial education resources, including workshops and access to financial advisors, to help employees make informed decisions about their 401(k) savings.
What is the vesting schedule for employer contributions in the Portland General Electric 401(k) plan?
The vesting schedule for employer contributions at Portland General Electric is detailed in the plan documents, typically requiring a certain number of years of service for full vesting.
Can employees take loans against their 401(k) balance at Portland General Electric?
Yes, employees at Portland General Electric may have the option to take loans against their 401(k) balance, subject to the plan’s terms and conditions.
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