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UWM Holdings Employees Confront the Fear of Running Out of Money in Retirement

Healthcare Provider Update: UWM Holdings provides health, dental, and vision insurance to its employees, along with disability and life insurance. The company offers a 401(k) match, paid time off, and on-site amenities including a doctors office, fitness center, and coffee shops. Employees also benefit from adoption assistance, sabbaticals, and mortgage discounts. UWM Holdings Healthcare costs in the United States are projected to continue rising through 2026, with insurers proposing significant premium increases for Affordable Care Act (ACA) plans. A recent analysis found that ACA insurers are seeking a median premium increase of 15% for 2026, marking the largest hike since 2018. This surge is attributed to factors such as the anticipated expiration of enhanced premium tax credits, rising medical costsincluding expensive medications and increased hospital staysand a shift in the risk pool towards higher-cost enrollees. Without the renewal of enhanced subsidies, out-of-pocket premiums for ACA marketplace enrollees could increase by more than 75% on average. Click here to learn more

'To allay long-term financial concerns, UWM 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 UWM 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 UWM 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 UWM 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 UWM 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 UWM 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 is the 401k plan offered by UWM Holdings?

The 401k plan at UWM Holdings is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How can I enroll in the UWM Holdings 401k plan?

Employees can enroll in the UWM Holdings 401k plan by completing the enrollment form available through the HR portal or by contacting the HR department for assistance.

Does UWM Holdings offer a matching contribution for the 401k plan?

Yes, UWM Holdings offers a matching contribution to the 401k plan, which helps employees maximize their retirement savings.

What is the employee contribution limit for the UWM Holdings 401k plan?

The employee contribution limit for the UWM Holdings 401k plan is set annually by the IRS, and employees should check the latest guidelines for the current limit.

Can I change my contribution percentage to the UWM Holdings 401k plan?

Yes, employees can change their contribution percentage to the UWM Holdings 401k plan at any time by submitting a request through the HR portal.

What investment options are available in the UWM Holdings 401k plan?

The UWM Holdings 401k plan offers a variety of investment options, including mutual funds and target-date funds, to suit different risk tolerances and investment strategies.

When can I access my funds from the UWM Holdings 401k plan?

Employees can access their funds from the UWM Holdings 401k plan upon reaching retirement age, or under certain circumstances such as hardship withdrawals or termination of employment.

Is there a vesting schedule for the UWM Holdings 401k plan?

Yes, UWM Holdings has a vesting schedule that determines how much of the employer's matching contributions employees are entitled to based on their years of service.

What happens to my UWM Holdings 401k plan if I leave the company?

If you leave UWM Holdings, you have several options for your 401k plan, including rolling it over to another retirement account, leaving it in the UWM Holdings plan, or cashing it out.

Can I take a loan against my UWM Holdings 401k plan?

Yes, UWM Holdings allows employees to take loans against their 401k plan, subject to certain terms and conditions outlined in the plan documents.