Navigating Retirement: Annuities vs. IRA Withdrawals for JELD-WEN Holding Employees

Healthcare Provider Update: Healthcare Provider for JELD-WEN Holding JELD-WEN Holding, as a significant employer in the manufacturing sector, typically engages with a variety of healthcare providers. While specific providers may vary depending on location and plan offerings, companies like Aetna, Cigna, and UnitedHealthcare are commonly involved in providing health insurance options for employees. Potential Healthcare Cost Increases for JELD-WEN Holding in 2026 As JELD-WEN Holding prepares for 2026, employees should be aware of significant potential increases in healthcare costs. With premiums in the Affordable Care Act (ACA) marketplace expected to rise sharply-some states forecasting hikes of over 60%-many employees may face higher out-of-pocket expenses. The combined effects of soaring medical costs, the anticipated expiration of enhanced federal premium subsidies, and a shift in employer strategies to pass on more costs could mean a financial burden for workers. It is essential for employees to engage with benefit adjustments proactively and strategize their healthcare plans in advance to mitigate these increases. Click here to learn more

There are just a couple of things almost all JELD-WEN Holding retirees need when they hit retirement: predictable income and protection against a cluster of risks, which include longevity risk, performance risk and sequence-of-returns risk.

In the past we have seen retiring JELD-WEN Holding employees utilize the “4% rule,” where retirees take annual withdrawals start at 4% of the entire portfolio and increase with inflation. They then keep the remainder of the portfolio with at least 50% invested in equities. Based on historical data, this would give a JELD-WEN Holding retiree about 30 years of retirement income.

As the economy constantly changes, a number of factors may force prospective JELD-WEN Holding retirees to revisit the 4% rule. It may be worth considering annuities as an alternative.

As life expectancies increase, JELD-WEN Holding retirees need to prepare for expenses over a longer time frame. In the past we would plan for a 15 to 20 year retirement, but now we need to prepare for a 30 to 35 year retirement. What is available to assist meeting the 35-year time frame?  

The annuity strategy can assist with a few of the pitfalls we see in the 4% rule. For example:

If you need $50,000 per year in retirement and need that for 30 years, you may need $1.2 million in fixed income at a 3% interest rate. BUT if you look to fund $50,000 for 30 years, you can cover that expense with $800,000 by choosing the annuity option.

The other pitfall with the 4% rule is that it may not reflect a client’s risk tolerance. When you are accumulating assets, you can afford more volatility and can take on more risk than when in the retirement and withdrawal phase after leaving JELD-WEN Holding. 

Also, should we see a drop in the market, you would be able to reduce your income using the 4% rule, which you cannot do if you choose an annuity option.

 

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