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Seven Financial Books Qualcomm Employees Must Read

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Healthcare Provider Update: Qualcomm Healthcare Provider and Potential Cost Increases in 2026 Qualcomm offers healthcare coverage primarily through UnitedHealthcare. As we look ahead to 2026, a significant rise in healthcare costs is anticipated, with many ACA marketplace enrollees expected to face dramatic premium increases. Reports indicate that without congressional action to extend enhanced federal premium subsidies, individuals could see their out-of-pocket premiums soar by over 75%, with some states witnessing hikes as high as 66%. Insurers are citing a combination of higher medical costs and the potential expiration of subsidies as driving factors behind these unprecedented rate increases. This situation necessitates proactive measures for consumers to mitigate the financial impact as they prepare for the upcoming year. Click here to learn more

Navigating the multitude of options available to secure a financially stable future can often feel overwhelming when it comes to personal finance. There are many options and complicated advice available when deciding whether to concentrate on paying off debt, making prudent investments, or increasing income. However, it is possible to become financially independent, as many professionals who have written enlightening books to assist people in this process have attested.

In an effort to simplify this extensive collection of resources, the esteemed Kiplinger Advisor Collective—one of the top organizations in the personal finance space—has selected seven exceptional books that offer priceless financial management guidance.  These choices are tools for changing your financial perspective and behavior, not just books.

Napoleon Hill's 'Think and Grow Rich'

'Think and Grow Rich,' a famous book by Napoleon Hill, is highly regarded as a success guide. It shows that financial success is achievable with a strong belief in one's objectives, a well-thought-out plan, unrelenting pursuit, and teamwork. Dennis Futch of The Tax Shop said that one of the main tenets of Hill's teachings is this idea of self-belief and perseverance, citing the book as a crucial resource from his high school years. Qualcomm employees can find great value in Hill's principles, applying them to both personal and professional goals.

William D. Danko and Thomas J. Stanley's 'The Millionaire Next Door'

This book explores the behaviors of those who have subtly amassed riches. It highlights ideas like the importance of compound interest and living within or below one's means. According to Dennis McNamara of wHealth Advisors, the book changed his perspective on wealth and gave hope that anyone from a low-income background might achieve the dream of becoming a millionaire. Qualcomm employees can draw inspiration from these strategies to enhance their financial stability.

'Your Money Vehicle: How to Begin Driving to Financial Freedom!' by Collins Jedidiah

The work of Jedidiah Collins focuses on financial literacy, an important but sometimes disregarded facet of education. The goal of his book and the instructional program that goes along with it, Money Vehicle, which has been embraced by schools in more than 20 states, is to give young people the fundamental money skills they will need as adults. Lifestyle Investor Justin Donald supports this strategy, emphasizing its immediate advantages and useful uses. Qualcomm employees, particularly those with children, can benefit from the principles taught in this book.

George S. Clason's 'The Richest Man in Babylon'

The everlasting financial lessons found in George S. Clason's book are told through ancient Babylonian parables. It is praised for its simple financial guidance that holds true both now and in the past. This book, according to Wasabi Technologies' Amrita Choudhary, has had a significant influence. She notes that its ideas may be immediately implemented to achieve wealth and financial stability on an individual basis. Qualcomm employees can utilize these timeless principles to secure their financial futures.

Dave Ramsey's 'The Total Money Makeover'

Dave Ramsey's strategy starts with debt removal and consists of a number of doable actions leading up to financial recovery. 'The Total Money Makeover' presents a methodical approach to financial planning that prioritizes behavioral modification above intricate financial strategies. This book is recommended by Black Briar Advisors' Stephen Nalley for individuals looking for a disciplined route to financial freedom. Qualcomm employees looking to eliminate debt and achieve financial independence will find this book particularly useful.

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Richard Carlson's 'Don't Sweat the Small Stuff...and It's All Small Stuff'

Richard Carlson's book conveys a philosophy that can have a significant influence on financial decision-making, even if it is not solely about money. It shows how important it is to keep your attention on the important things and not get too worked up over little things. Bob Chitrathorn, of Simplified Wealth Management's Wealth Planning division, values the life lessons that extend to personal money. Qualcomm employees can benefit from Carlson's advice to maintain focus on their long-term financial goals.

Robert Kiyosaki's 'Rich Dad Poor Dad'

In his books, Robert Kiyosaki promotes financial wisdom and the purchase of income-producing assets rather than frivolous expenditures. Even if he doesn't share all of Kiyosaki's viewpoints, Zain Jaffer of Zain Ventures values his honest analysis on the responsible use of debt. Qualcomm employees can apply Kiyosaki's lessons on investing and asset management to grow their wealth.

From strategic planning and investment to comprehending the psychological aspects of money management, each of these books presents a different perspective on personal finance. These books offer a strong basis for anyone, including Qualcomm employees, wishing to improve their financial plan to build a thorough understanding of how to obtain and preserve financial independence.

The significance of estate planning in financial literacy is growing, according to recent studies, especially for people who are nearing or have already reached retirement. In 2022, the American Association of Retired Persons (AARP) conducted a survey which revealed that while more than 60% of Americans over 50 acknowledge the need of estate planning, fewer than half have revised their wills or estate plans during the previous five years. This highlights a significant void in financial literacy, which these suggested books somewhat fill by encouraging an all-encompassing method of shielding and preserving one's financial legacy.

It would be as difficult to navigate a wide ocean without a chart or compass as it would be to manage your financial destiny without assistance. Like diverse navigational instruments on a ship, the books suggested by the Kiplinger Advisor Collective serve as your navigational tools, each providing unique insights and techniques. With 'Think and Grow Rich' acting as your sextant, helping you visualize and work toward your goals, and 'The Total Money Makeover' acting as your solid helm, guiding you through the rough seas of debt, these books provide you the tools you need to set a course for prosperity and financial security when you're retired.

Qualcomm employees can greatly benefit from the wisdom contained in these books. By integrating their insights into your financial planning, you can steer your financial ship towards a secure and prosperous future. Whether you're just starting your career at Qualcomm or approaching retirement, these resources will help you navigate your financial journey with confidence and clarity.

What is Qualcomm's 401(k) Savings Plan?

Qualcomm's 401(k) Savings Plan is a retirement savings plan that allows employees to save for retirement through pre-tax contributions, with the option for after-tax contributions as well.

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

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

When can Qualcomm employees enroll in the 401(k) Savings Plan?

Qualcomm employees can enroll in the 401(k) Savings Plan during their initial onboarding period or during the annual open enrollment period.

What investment options are available in Qualcomm's 401(k) Savings Plan?

Qualcomm's 401(k) Savings Plan provides a variety of investment options, including mutual funds, target-date funds, and company stock.

Can Qualcomm employees take loans against their 401(k) savings?

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

What happens to Qualcomm employees' 401(k) savings if they leave the company?

If Qualcomm employees leave the company, they have several options for their 401(k) savings, including rolling over the balance to another retirement account or cashing out.

Does Qualcomm offer financial counseling for employees regarding their 401(k) plan?

Yes, Qualcomm provides access to financial counseling services to help employees make informed decisions about their 401(k) savings and investments.

Are there any fees associated with Qualcomm's 401(k) Savings Plan?

Qualcomm's 401(k) Savings Plan may have certain administrative fees, which are disclosed in the plan documents provided to employees.

How can Qualcomm employees change their 401(k) contribution amount?

Qualcomm employees can change their 401(k) contribution amount by accessing the employee benefits portal or contacting the HR department for assistance.

Is there a vesting schedule for Qualcomm's matching contributions in the 401(k) plan?

Yes, Qualcomm has a vesting schedule for its matching contributions, meaning employees must work for the company for a certain period before they fully own those contributions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Qualcomm provides a defined contribution 401(k) plan with company matching contributions. Employees can contribute pre-tax or Roth (after-tax) dollars, and Qualcomm matches 50% of the first 8% of eligible compensation. The plan includes various investment options such as target-date funds, mutual funds, and a self-directed brokerage account. Qualcomm also offers an Employee Stock Purchase Plan (ESPP) with a discount on company stock. Financial planning resources and tools are available to help employees manage their retirement savings.
Restructuring and Layoffs: Qualcomm announced layoffs of 1,258 employees in California in 2023 as part of a broader restructuring effort. The company faced revenue declines and aimed to cut operational costs. Company Benefit Changes: Severance packages and outplacement assistance were provided to affected employees. Qualcomm is focusing on its automotive and AI sectors for growth. (Sources: The Register, SiliconANGLE)
Qualcomm offers stock options (SOs) and Restricted Stock Units (RSUs). SOs allow employees to purchase stock at a set price after vesting. RSUs vest over three to four years. In 2022, Qualcomm emphasized performance-based RSUs. In 2023, Qualcomm maintained its strategy with performance metrics. By 2024, Qualcomm expanded RSU programs. Executives, management, and broader employees are eligible. [Source: Qualcomm Annual Report 2022, p. 48; Qualcomm Q4 2023 Report, p. 20; Qualcomm Q2 2024 Report, p. 15]
Qualcomm offers an extensive and competitive healthcare benefits package to support the diverse needs of its employees. In 2023, Qualcomm continued to provide a variety of health plan options, including Health Maintenance Organization (HMO) and Preferred Provider Organization (PPO) plans. These plans cover a wide range of medical services, from preventive care to major medical expenses, ensuring comprehensive coverage for employees and their families. Qualcomm also offers dental, vision, and mental health benefits, alongside wellness programs aimed at promoting overall well-being. Notably, employees can benefit from Qualcomm’s contributions to Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs), which help manage out-of-pocket healthcare costs effectively. For 2024, Qualcomm has introduced several enhancements to its benefits offerings. The company continues to focus on holistic well-being by providing support for family-building, such as adoption assistance and fertility benefits. Additionally, Qualcomm’s benefits include extensive mental health resources and access to virtual healthcare services, which are particularly beneficial in the current economic and political climate where healthcare affordability and accessibility are significant concerns. By continually updating its healthcare benefits, Qualcomm ensures that its employees are well-supported, fostering a healthy and productive work environment.
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For more information you can reach the plan administrator for Qualcomm at , ; or by calling them at .

https://www.qualcomm.com/documents/pension-plan-2022.pdf - Page 5, https://www.qualcomm.com/documents/pension-plan-2023.pdf - Page 12, https://www.qualcomm.com/documents/pension-plan-2024.pdf - Page 15, https://www.qualcomm.com/documents/401k-plan-2022.pdf - Page 8, https://www.qualcomm.com/documents/401k-plan-2023.pdf - Page 22, https://www.qualcomm.com/documents/401k-plan-2024.pdf - Page 28, https://www.qualcomm.com/documents/rsu-plan-2022.pdf - Page 20, https://www.qualcomm.com/documents/rsu-plan-2023.pdf - Page 14, https://www.qualcomm.com/documents/rsu-plan-2024.pdf - Page 17, https://www.qualcomm.com/documents/healthcare-plan-2022.pdf - Page 23

*Please see disclaimer for more information

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