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Citrix Systems Employees Confront the Fear of Running Out of Money in Retirement

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'To allay long-term financial concerns, Citrix Systems 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 Citrix Systems 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 Citrix Systems, 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 Citrix Systems, 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 Citrix Systems 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 Citrix Systems 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 Citrix Systems?

The 401(k) plan at Citrix Systems is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.

Does Citrix Systems match employee contributions to the 401(k) plan?

Yes, Citrix Systems offers a matching contribution to the 401(k) plan, which helps employees grow their retirement savings.

What is the maximum contribution limit for the Citrix Systems 401(k) plan?

The maximum contribution limit for the Citrix Systems 401(k) plan is determined by the IRS guidelines, which can change annually.

When can employees of Citrix Systems enroll in the 401(k) plan?

Employees of Citrix Systems can enroll in the 401(k) plan during their initial onboarding period or during the annual open enrollment period.

What investment options are available in the Citrix Systems 401(k) plan?

The Citrix Systems 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How can employees of Citrix Systems change their 401(k) contribution amounts?

Employees can change their 401(k) contribution amounts by accessing the benefits portal or contacting the HR department at Citrix Systems.

Is there a vesting schedule for the employer match in the Citrix Systems 401(k) plan?

Yes, Citrix Systems has a vesting schedule for the employer match, which means employees must work for a certain period before they fully own the matched contributions.

Can employees take loans against their 401(k) plan at Citrix Systems?

Yes, employees of Citrix Systems may have the option to take loans against their 401(k) plan, subject to specific terms and conditions.

What happens to the 401(k) plan if an employee leaves Citrix Systems?

If an employee leaves Citrix Systems, they can choose to roll over their 401(k) balance to another retirement account, cash it out, or leave it in the Citrix Systems plan if allowed.

Are there any fees associated with the Citrix Systems 401(k) plan?

Yes, there may be administrative fees and investment fees associated with the Citrix Systems 401(k) plan, which are disclosed in the plan documents.

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

For Citrix Systems, the company offers a 401(k) plan that is known for its matching contributions, which are managed by Fidelity. Employees can contribute a percentage of their salary to the plan, and Citrix matches up to 3% of eligible compensation. This matching contribution makes the 401(k) plan a valuable benefit for Citrix employees, helping them to save for retirement with the company's assistance. Citrix Systems' 401(k) plan does not have a unique name, but it is part of the broader benefits package that includes other retirement and health benefits. To qualify for the 401(k) plan, employees must meet eligibility criteria based on their job classification and tenure with the company. The company ensures that employees are well-informed about these benefits, especially during times of corporate transition, such as the merger with TIBCO, where benefits were a point of assurance for employees. The information regarding the Citrix Systems pension plan is less detailed, as the company primarily emphasizes its 401(k) plan. However, it is clear that Citrix Systems prioritizes maintaining a competitive benefits package, which includes retirement savings options designed to support long-term financial security for its employees

Restructuring and Layoffs: Citrix Systems has undergone significant restructuring in 2023-2024 following its merger with Tibco Software to form Cloud Software Group (CSG). This restructuring included a substantial reduction in workforce, with layoffs affecting up to 15% of its employees globally. These cuts were implemented as part of a broader strategy to streamline operations, eliminate redundant roles, and reduce costs, particularly after the merger. This situation is crucial to address given the current economic pressures and the need for companies to remain competitive amid a shifting political landscape that impacts taxation and investment decisions. The restructuring efforts also included the closure of certain offices and facilities, contributing to the overall reduction in operational expenses (Enterprise Technology News and Analysis) (Enterprise Technology News and Analysis).

Stock Options at Citrix Systems: Citrix Systems offers two types of stock options to its employees: Non-Qualified Stock Options (NQSOs) and Incentive Stock Options (ISOs). NQSOs are the most commonly offered and are available to a broader group, including employees, contractors, and directors. These options provide the right, but not the obligation, to purchase company stock at a fixed strike price, which is determined at the time of the grant. The value realized from exercising these options depends on the difference between the strike price and the market price at the time of exercise. For example, if the strike price is $30 and the stock's market price at the time of exercise is $50, the employee can buy the stock at $30 and either hold or sell it at $50, realizing a profit. However, if the market price is below the strike price, the options might not be exercised. RSUs at Citrix Systems: RSUs at Citrix Systems are granted to employees as part of their compensation package, vesting over a set period, typically linked to tenure or performance milestones. Upon vesting, the RSUs are converted into actual shares of Citrix Systems stock, which the employee owns outright. These shares are typically taxed as ordinary income upon vesting, which can affect the overall financial planning for the employees.

Citrix Systems has been actively involved in enhancing healthcare IT through their technology solutions, which have significant implications for employee health benefits as well. In 2022 and 2023, Citrix focused on improving the healthcare employee experience, particularly in response to industry challenges such as staffing shortages and cybersecurity threats. Citrix's solutions, including Desktop as a Service (DaaS) and secure cloud environments, are designed to support healthcare organizations by enabling flexible work environments while maintaining high levels of data security and compliance with patient privacy regulations. Some of the specific healthcare-related terms and acronyms used by Citrix in their healthcare IT solutions include HIPAA (Health Insurance Portability and Accountability Act) compliance, DaaS (Desktop as a Service), and BYOD (Bring Your Own Device) policies. These terms highlight Citrix’s commitment to providing secure and efficient digital workspaces that cater to the healthcare sector’s unique needs. Recent employee healthcare news related to Citrix includes partnerships with healthcare providers to enhance patient care and reduce IT costs, as well as initiatives to address cybersecurity threats in healthcare environments. Citrix's technology is increasingly being adopted by healthcare organizations to improve both patient outcomes and the work experience for healthcare professionals.

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For more information you can reach the plan administrator for Citrix Systems at 851 W Cypress Creek Rd Fort Lauderdale, FL 33309; or by calling them at (954) 267-3000.

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