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Aerojet Rocketdyne Holdings Employees Confront the Fear of Running Out of Money in Retirement

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'To allay long-term financial concerns, Aerojet Rocketdyne Holdings employees may benefit from a comprehensive retirement strategy that addresses inflation, health care costs, and tax planning.' – Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement.

'Proactive retirement planning—especially around inflation, health care, and shifting tax policies—can help Aerojet Rocketdyne Holdings employees gain clarity and reduce uncertainty in the years leading up to retirement.' – Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article we will discuss:

Key causes of retirement anxiety, including inflation, health care, and taxes.
Generational differences in money concerns and readiness.
The value of broad retirement planning approaches.

Retirement Anxiety is On The Rise

Employees across industries, including those at Aerojet Rocketdyne Holdings, have long worried about how they will fund retirement. These concerns have grown considerably in today’s economy. Nearly two out of three Americans (64%) said they worry more about outliving their resources than they do about dying, according to the Allianz Center for the Future of Retirement’s 2025 Annual Retirement Study. ¹

Main Causes of Retirement-Related Worry

The Allianz study lists several key triggers of these fears. Regarding long-term planning, 54% of respondents said inflation was their top worry. Increases in health care costs, housing, and food prices are still undermining people’s purchasing power.

Concerns around Social Security’s future and tax burdens are also high. 43% said they feared Social Security might not offer adequate support. And another 43% named high taxes as a major issue.

Generational Gaps in Money Stress

Gen X—often balancing care for both kids and aging parents—report the highest worry: 70% versus 66% of millennials and 61% of boomers. Among corporate workers, including those at Aerojet Rocketdyne Holdings, this dynamic underlines how family obligations can magnify retirement concerns.

The Gap Between Worry and Action

The survey shows a gap between concern and conversation: just 23% of respondents have talked about outliving their assets with a retirement specialist, down from 28% in 2024. ² That said, Americans are considering several strategies to allay these fears, ranking the following approaches as most helpful:

41% said cutting current spending to funnel more toward retirement 
44% said increasing retirement contributions 
39% said postponing retirement
While increasing contributions to retirement accounts could help address these concerns, barriers remain: daily necessities (63%), credit card debt (40%), mortgage or rent (35%) were top reasons people weren’t contributing more.

The Emotional Side of Retirement Anxiety

Retirement fears influence not just finances, but lifestyle, career choices, and family planning. Worries about independence, dignity, and quality of life often accompany fear of running short on funds.

Health care need are often underestimated too, complicating the equation. Medicare covers many basic services, but long‑term care, home assistance, and uncovered treatments can add large bills—adding uncertainty even for high‑income employees.

Broader Retirement Planning Matters

The Allianz findings emphasize planning well beyond just saving. With people living 25 to 30 years post‑work, a solid planning mindset is critical. As Kelly LaVigne, VP at Allianz Life, noted, “Americans areliving longer… your money needs to go farther. A good plan considers 25 to 30 years of retirement, not just the first ten.” ²

Key components often include:

Income strategies: setting up regular monthly disbursements from assets
Tax planning: reducing tax burdens on withdrawals
Health care planning: factoring in Medicare gaps and long‑term care
Inflation alignment: keeping income responsive to cost increases

Combined, these strategies can help build resilience, confidence, and preparedness even in uncertain times.

In Conclusion

The 2025 Allianz Retirement Study makes it clear: a majority of Americans—and Aerojet Rocketdyne Holdings employees among them—see the threat of running out of money as more frightening than death. Rising inflation, health care spending, and uncertainty around Social Security are central drivers. Fewer are taking direct action through planning conversations or boosted contributions.

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Yet there is opportunity. The IRS now permits catch‑up 401(k) contributions of up to $11,250 for those aged 60–63 in 2025—above the standard limit. For many, this is a practical way to fortify resources in those final working years.

A Final Thought

Think of retirement like a long sea voyage. Death may be the storm ahead, but empty savings are the leak that can sink the ship first. According to the Allianz study, 64% of Americans fear that leak more than the storm. For Aerojet Rocketdyne Holdings employees, the goal is to build a well-structured plan—with consistent income, planning for health costs, and tax awareness—that can keep the vessel afloat for the long haul.

Sources:

1. Allianz Life Insurance Company of North America, ' How Americans feel about retirement in 2025 ,' by the Allianz Center for the Future of Retirement ^TM , June 2025.

2. businesswire, ' Americans Are More Worried About Running Out of Money Than Death ,' April 22, 2025.

What type of retirement savings plan does Aerojet Rocketdyne Holdings offer to its employees?

Aerojet Rocketdyne Holdings offers a 401(k) retirement savings plan to help employees save for their future.

Does Aerojet Rocketdyne Holdings provide any matching contributions to the 401(k) plan?

Yes, Aerojet Rocketdyne Holdings offers a matching contribution to the 401(k) plan, which helps employees increase their retirement savings.

What is the eligibility requirement for employees to participate in Aerojet Rocketdyne Holdings' 401(k) plan?

Employees of Aerojet Rocketdyne Holdings are typically eligible to participate in the 401(k) plan after completing a specified period of service, usually within the first year of employment.

How can employees of Aerojet Rocketdyne Holdings 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 Aerojet Rocketdyne Holdings' 401(k) plan?

Aerojet Rocketdyne Holdings offers a range of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

Can employees of Aerojet Rocketdyne Holdings take loans against their 401(k) savings?

Yes, Aerojet Rocketdyne Holdings allows employees to take loans against their 401(k) savings, subject to the plan’s terms and conditions.

What is the vesting schedule for Aerojet Rocketdyne Holdings' 401(k) matching contributions?

The vesting schedule for matching contributions at Aerojet Rocketdyne Holdings typically follows a graded vesting schedule, which means employees earn rights to the contributions over time.

Are there any fees associated with Aerojet Rocketdyne Holdings' 401(k) plan?

Yes, there may be administrative and investment fees associated with the 401(k) plan at Aerojet Rocketdyne Holdings, which are disclosed in the plan documents.

What happens to an employee's 401(k) savings if they leave Aerojet Rocketdyne Holdings?

If an employee leaves Aerojet Rocketdyne Holdings, they can roll over their 401(k) savings to another retirement account, cash out, or leave the funds in the Aerojet Rocketdyne Holdings plan if permitted.

Does Aerojet Rocketdyne Holdings offer financial education resources for employees regarding their 401(k)?

Yes, Aerojet Rocketdyne Holdings provides financial education resources and workshops to help employees make informed decisions about their 401(k) savings.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

News: Aerojet Rocketdyne Holdings is undergoing restructuring with a focus on streamlining operations and reducing costs. Recent reports indicate layoffs affecting various departments as part of this process. Importance: This news is crucial due to the current economic climate, which requires companies to adapt to changing investment conditions and potential tax implications. Monitoring these changes can provide insights into how similar companies might adjust their strategies in response to broader economic pressures.

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For more information you can reach the plan administrator for Aerojet Rocketdyne Holdings at 222 North Pacific Coast Highway, Suite 500 El Segundo, CA 90245; or by calling them at (310) 252-8100.