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Understanding Risk Tolerance: A Guide for Winnebago Industries Employees Navigating Retirement Changes

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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 Winnebago Industries 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 Winnebago Industries 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..'

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 Winnebago Industries 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 Winnebago Industries?

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

How can employees enroll in the 401(k) plan at Winnebago Industries?

Employees can enroll in the Winnebago Industries 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.

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

Yes, Winnebago Industries offers a matching contribution to the 401(k) plan, which helps employees boost their retirement savings.

What is the maximum contribution limit for the 401(k) plan at Winnebago Industries?

The maximum contribution limit for the 401(k) plan at Winnebago Industries is set according to IRS guidelines, which may change annually.

Can employees take loans against their 401(k) savings at Winnebago Industries?

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

What types of investment options are available in the Winnebago Industries 401(k) plan?

The 401(k) plan at Winnebago Industries offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to diversify their portfolios.

Is there a vesting period for the employer match in the Winnebago Industries 401(k) plan?

Yes, there is typically a vesting period for the employer match in the Winnebago Industries 401(k) plan, which means employees must work for a certain period before they fully own the matched contributions.

How can employees access their 401(k) account information at Winnebago Industries?

Employees can access their 401(k) account information through the online portal provided by Winnebago Industries or by contacting the plan administrator.

What happens to the 401(k) plan if an employee leaves Winnebago Industries?

If an employee leaves Winnebago Industries, they have several options for their 401(k) plan, including rolling it over to another retirement account, cashing it out, or leaving it in the current plan if allowed.

Can employees change their contribution percentage to the 401(k) plan at Winnebago Industries?

Yes, employees at Winnebago Industries can change their contribution percentage to the 401(k) plan at any time, subject to the plan's rules.