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Amkor Technology Employees Confront the Fear of Running Out of Money in Retirement

Healthcare Provider Update: Healthcare Provider for Amkor Technology Amkor Technology employees typically have access to healthcare benefits through various health insurance providers, which may include large national insurers. While specific details about the current healthcare provider may vary, major insurers like UnitedHealthcare, Anthem, Cigna, and Aetna are often involved in providing options for corporate coverage. Potential Healthcare Cost Increases for Amkor Technology in 2026 Looking ahead to 2026, Amkor Technology employees may confront significant increases in healthcare costs, largely due to soaring premiums in the Affordable Care Act (ACA) marketplace. Reports indicate that some states may experience premium hikes exceeding 60%, driven by the expiration of enhanced federal subsidies and rising medical costs. With many employees relying on ACA plans, it is crucial for them to evaluate their coverage options early, as rising deductibles and out-of-pocket expenses could lead to a financial strain for families. Awareness and proactive planning will be essential for navigating these looming healthcare challenges effectively. Click here to learn more

'To allay long-term financial concerns, Amkor Technology 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 Amkor Technology 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 Amkor Technology, 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 Amkor Technology, 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 Amkor Technology 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 Amkor Technology 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 is the 401(k) plan offered by Amkor Technology?

The 401(k) plan at Amkor Technology is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are deducted.

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

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

When can I enroll in Amkor Technology's 401(k) plan?

Employees at Amkor Technology can enroll in the 401(k) plan during the initial onboarding process or during the annual open enrollment period.

Are there any fees associated with Amkor Technology's 401(k) plan?

Yes, Amkor Technology's 401(k) plan may have administrative fees, investment fees, or other costs, which are disclosed in the plan documents.

What investment options are available in Amkor Technology's 401(k) plan?

Amkor Technology offers a variety of investment options in its 401(k) plan, including mutual funds, target-date funds, and company stock.

Can I take a loan against my 401(k) with Amkor Technology?

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

What happens to my 401(k) plan if I leave Amkor Technology?

If you leave Amkor Technology, you can choose to roll over your 401(k) balance to another retirement account, cash it out, or leave it in the Amkor Technology plan if eligible.

How can I access my 401(k) account information at Amkor Technology?

Employees can access their 401(k) account information through the plan's online portal provided by Amkor Technology’s plan administrator.

Is there a vesting schedule for Amkor Technology's 401(k) matching contributions?

Yes, Amkor Technology has a vesting schedule for matching contributions, which means you must work for the company for a certain period before you fully own those contributions.

Can I change my contribution amount to the 401(k) plan at Amkor Technology?

Yes, employees can change their contribution amounts to the 401(k) plan at any time, subject to the plan's guidelines.

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

Amkor Technology announced a reduction in its global workforce by 10% as part of a restructuring effort to improve operational efficiency. The company also introduced changes to its employee benefits package, including adjustments to health insurance plans and retirement contributions.

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For more information you can reach the plan administrator for Amkor Technology at 2045 East Innovation Circle Tempe, AZ 85284; or by calling them at (480) 821-5000.