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How Dover Retirees Are Using AI to Simplify Everyday Life

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Healthcare Provider Update: Dover Healthcare Provider Information: Dover typically has partnerships with a range of healthcare providers, but the core partnership often includes healthcare networks and insurance plans like UnitedHealthcare, which offers a variety of coverage options for employees. In many cases, the specifics of the healthcare providers may depend on the region and the employees' selected insurance plans. Potential Healthcare Cost Increases in 2026: As the landscape of healthcare financing evolves, 2026 is poised to bring significant premium hikes for Affordable Care Act (ACA) insurance plans. Insurers are anticipating increases averaging 20% nationally, with some states reporting spikes over 60%. The expiration of enhanced federal subsidies is a critical driver behind the expected surge, potentially resulting in over 75% increases in out-of-pocket costs for many enrollees. This scenario creates a daunting challenge for consumers, as they navigate shifting financial responsibilities amidst rising medical costs. Planning and proactive health management in 2025 will be essential to mitigate the effects of these impending increases. Click here to learn more

'Artificial intelligence is helping many Dover employees simplify their transition into retirement by organizing finances and daily routines, but the key is to use these tools as support—not substitution—for thoughtful planning and professional guidance.' — Paul Bergeron, a representative of The Retirement Group, a division of Wealth Enhancement.

'Dover employees are finding that AI can streamline everything from budgeting to wellness, but lasting success in retirement comes from combining technology’s efficiency with informed financial decision-making.' — Tyson Mavar, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article, we will discuss:

  1. How artificial intelligence (AI) is helping Dover retirees simplify daily life and handle complex tasks.

  2. The ways AI can enhance health, home, and financial organization in retirement.

  3. Why retirees are increasingly confident using AI to boost efficiency and reclaim valuable time.

Many Dover retirees are discovering that slowing down isn’t always easy, despite looking for respite from decades of early mornings, complex undertakings, and global operations. Handling investments, planning vacations, and staying organized can still feel demanding during retirement.

That’s where artificial intelligence (AI) has stepped in. What once seemed futuristic is now a practical tool for Dover’s retired professionals who want to streamline routines and reclaim valuable time.

According to Wealth Enhancement financial planner Kevin Won, CFP®, AWMA®, CRPC®, “we’re seeing older adults experimenting with AI tools for efficiency. They understand that these tools can help them reclaim time, which is one of life’s most precious resources.”

Simplifying Complex Tasks

While still in the workforce, AI is helping Dover employees transform their daily workflow. Tasks that once took hours—such as reviewing financial reports or tracking industry or market data—now take minutes with the help of AI assistants that can summarize data, highlight key performance trends, and draft personal reports.

Others are using AI to enhance their personal lives. For instance, with an AI-powered trip planner, it's possible to enter your preferred travel destinations, dates, and hobbies, and have the chatbot design an itinerary for you complete with dining, sightseeing, and activity suggestions.

The same is true after retirement. “The retirees I work with value how AI brings order and clarity,” Won adds. “Whether it’s comparing health care options or managing monthly expenses, these tools can handle the heavy lifting so retirees can focus on other areas of their lives.”

Improving Health and Home Management

Many former Dover professionals are also turning to AI for personal wellness and home organization. Some use chatbots for home maintenance guidance, while others leverage AI to build custom workout plans that adapt to travel schedules or physical limitations. These tools help retirees maintain consistency without needing advanced tech skills or expensive memberships.

According to Won, “AI can give older adults autonomy. They don’t need to wait for instruction or assistance. Technology enables them to take the lead in their daily lives, including finances and health care choices.”

A Modern Assistant for Financial Confidence

Retirees can also use AI to help arrange their financial information before meetings with advisors. From summarizing financial articles to preparing questions, AI helps retirees save time while staying informed. Some even use it as a digital filing assistant, categorizing tax documents, receipts, and travel logs for the upcoming year.

Won cautions, however, that “AI should be viewed as guidance, not a promise. It’s a powerful assistant, but it can still make errors—especially on topics like health or finance—so always double-check important information.”

From Skepticism to Confidence

While some retirees were initially hesitant to adopt AI, many have now incorporated it into their routines. Surveys show that, while older generations are slower to adopt new technologies, comfort and usage are steadily rising.¹

Won explains, “Retirees who’ve spent decades adapting to innovation in corporate environments, like Dover, already have the resilience and mindset needed to learn new tools. Now, AI works for them—reducing complexity, not adding to it.”

A Smart Way to Simplify Retirement

For many retirees, using AI is about boosting productivity, not just curiosity. Automating travel planning, organizing budgets, and reducing decision fatigue can make retirement more manageable and less stressful.

According to Won, “you’re really adding peace of mind when you integrate smart tools into daily life. The goal isn’t to master the technology. It’s to let it operate behind the scenes so you can focus on what matters most.”

If you’re a Dover retiree looking to organize your finances, streamline health care costs, or enjoy your retirement with fewer hassles, The Retirement Group can help. Call (800) 900-5867 to speak with a knowledgeable representative today.

For more information, visit WealthEnhancement.com or call Wealth Enhancement Group at (800) 492-1222 to speak with a Certified Financial Planner.

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Sources:

  • 1. Kakulla, Brittne, Laura Skufca, Patty David, Jessica Boothe, and Kristen Garrett. ' Empowering Independence With Technology Among Adults Age 50-Plus .'  Washington, DC: AARP Research, Jan. 2025.

  • 2. “Young Adults Are Leading the Way in AI Adoption.” AP-NORC Center for Public Affairs Research, 29 July 2025.

  • 3. Chui, Michael, et al.  The Economic Potential of Generative AI: The Next Productivity Frontier.  McKinsey Global Institute, June 2023.

  • 4. Chatbots in Consumer Finance. Consumer Financial Protection Bureau, June 2023.

  • 5. “Older Adults Express Mixed Views on Artificial Intelligence.” NORC at the University of Chicago, Oct. 2023.

What is the primary purpose of Dover's 401(k) Savings Plan?

The primary purpose of Dover's 401(k) Savings Plan is to help employees save for retirement by offering tax-advantaged savings options.

How can employees enroll in Dover's 401(k) Savings Plan?

Employees can enroll in Dover's 401(k) Savings Plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.

Does Dover match employee contributions to the 401(k) Savings Plan?

Yes, Dover offers a matching contribution to employee contributions made to the 401(k) Savings Plan, up to a certain percentage.

What types of contributions can employees make to Dover's 401(k) Savings Plan?

Employees can make pre-tax contributions, Roth (after-tax) contributions, and may also have the option for catch-up contributions if they are age 50 or older.

When can employees start contributing to Dover's 401(k) Savings Plan?

Employees can start contributing to Dover's 401(k) Savings Plan after completing the eligibility requirements, which are outlined in the plan documents.

What is the vesting schedule for Dover's 401(k) Savings Plan?

The vesting schedule for Dover's 401(k) Savings Plan determines how much of the company’s matching contributions employees are entitled to keep based on their years of service.

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

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

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

Dover's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

How often can employees change their contribution amounts for Dover's 401(k) Savings Plan?

Employees can change their contribution amounts to Dover's 401(k) Savings Plan at any time, subject to the plan's rules and regulations.

What resources are available to help employees manage their 401(k) at Dover?

Dover provides various resources, including access to financial advisors, educational materials, and online tools to help employees manage their 401(k) savings effectively.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Dover Corporation offers both pension plans and 401(k) plans to its employees as part of its commitment to attracting and retaining talent. The company's pension plan is structured as a defined benefit plan, where employees earn benefits based on their years of service and average salary. This plan ensures that upon retirement, employees receive regular payments, which are calculated according to a set formula based on tenure and earnings. For instance, long-serving employees may receive a higher percentage of their final average salary as a pension payment​ (Dover Corporation)​ (Dover Corporation). Additionally, Dover Corporation provides a 401(k) plan that allows employees to contribute a portion of their salary toward retirement savings. The company typically matches a percentage of employee contributions, helping employees build their retirement funds over time. The 401(k) plan is flexible, allowing employees to choose between traditional pre-tax contributions or Roth after-tax contributions, depending on their financial planning preferences​
Dover has recently undertaken a significant restructuring initiative aimed at optimizing its operational efficiency. In 2023, the company announced a series of layoffs as part of a broader strategy to streamline its operations and reduce costs. This move reflects a response to the current economic climate and aims to position Dover more competitively in a challenging market. It’s crucial for stakeholders to stay informed about such changes due to the ongoing economic uncertainties, which impact investment strategies, tax implications, and overall business performance
Dover Corporation provides stock options and RSUs as part of its employee compensation package. For 2022, employees were offered stock options and RSUs based on performance and tenure. In 2023 and 2024, Dover Corporation continued this practice, with updated plans and eligibility criteria.
1. Company’s Official Website Dover Corporation Official Website: Check their careers or benefits section for details on health benefits. URL: Dover Corporation Careers 2. Reliable Business and News Websites Glassdoor: Employee reviews often include information on benefits. URL: Glassdoor - Dover Corporation Indeed: Look for employee reviews and benefit descriptions. URL: Indeed - Dover Corporation LinkedIn: Company profile and posts may have updates on employee benefits. URL: LinkedIn - Dover Corporation Yahoo Finance: Search for recent news articles that might include employee benefits information. URL: Yahoo Finance - Dover Corporation Reuters: Look for news or press releases related to employee benefits. URL: Reuters - Dover Corporation 3. Industry and Financial Reports S&P Global: Detailed financial reports might include benefits information. URL: S&P Global - Dover Corporation Bloomberg: Check for company-specific reports and news. URL: Bloomberg - Dover Corporation MarketWatch: Recent company news and benefits updates. URL: MarketWatch - Dover Corporation 4. Healthcare News Websites Healthcare Dive: Industry-specific updates that might affect Dover’s health benefits. URL: Healthcare Dive Modern Healthcare: Check for updates on benefits and healthcare policies. URL: Modern Healthcare 5. Government and Regulatory Websites U.S. Department of Labor: Benefits-related compliance information. URL: DOL - Employee Benefits Centers for Medicare & Medicaid Services: Look for any relevant updates affecting corporate health benefits. URL: CMS Summary of Findings Healthcare-Related Terms and Acronyms: Common terms might include PPO (Preferred Provider Organization), HMO (Health Maintenance Organization), FSA (Flexible Spending Account), HSA (Health Savings Account), and EAP (Employee Assistance Program). Recent Employee Healthcare News: Look for updates about changes in health plans, new benefits offerings, or cost adjustments affecting Dover employees.
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For more information you can reach the plan administrator for Dover at 3005 Highland Pkwy, Suite 200 Downers Grove, IL 60515; or by calling them at (630) 541-1540.

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