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In the past, retirement has been portrayed as an ending, a grand exit from your years in the workplace. But the rules are shifting. Labor force participation among those aged 65-74 is predicted to reach 32 percent by 2022, up from just 20 percent in 2002.(1) As the Boomer generation ages, more people are viewing retirement as an opportunity to enjoy the rewards of work in a whole new way. Read on to discover some of the benefits you can enjoy after you retire from AMC Networks.
1. Mental Benefits
Working during your AMC Networks retirement can help maintain mental agility as you learn new skills. Staying engaged in work helps build 'mental muscle,' which can lessen the risk of developing dementia and Alzheimers(2) and ward off the signs of aging.
2.. Physical Benefits
Staying active during your AMC Networks retirement years is crucial for continued health. Whether you choose to work full-time or volunteer a few days a week, engaging in some form of work will keep your body moving, and give you opportunities to stay balanced, strong, and healthy.
3. Financial Benefits
Besides the obvious extra income, working during your AMC Networks retirement may allow you to delay taking Social Security benefits. For every year you wait to take Social Security, your benefits can increase by an average of 8 percent annually.(3) Finding a strategy that works for you can truly pay off.
4. Emotional Benefits
Studies have shown that a sense of purpose has been found to lengthen lifespan and quality of life.4 Working on something you care about, starting a new business, or mentoring others in the workplace can ward off depression and provide a healthy sense of fulfillment and direction in your years or retirement from AMC Networks.
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- 401K, Social Security, Pension – How to Maximize Your Options
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- 11 Questions You Should Ask Yourself When Planning for Retirement
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- Corporate Employees: 8 Factors When Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Medicare Open Enrollment for Corporate Employees: Cost Changes in 2024!
- Stages of Retirement for Corporate Employees
- 7 Things to Consider Before Leaving Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- Corporate Employees: Do NOT Believe These 6 Retirement Myths!
- 401K, Social Security, Pension – How to Maximize Your Options
- Have You Looked at Your 401(k) Plan Recently?
- 11 Questions You Should Ask Yourself When Planning for Retirement
- Worst Month of Layoffs In Over a Year!
5. Social Benefits
One of the risks associated with retirement is increased isolation, which in terms of its impact on your health, has been equated with smoking nearly a pack of cigarettes a day.5 Working with others reduces this risk, giving you a chance to build connections and enjoy meaningful interactions.
Sources
1. AARP.org, February/March 2015
2. Forbes, 2017
3. Social Security Administration, 2017
4. Association for Psychological Science, 2017
What type of retirement savings plan does AMC Networks offer to its employees?
AMC Networks offers a 401(k) retirement savings plan to its employees.
Does AMC Networks provide a company match for contributions made to the 401(k) plan?
Yes, AMC Networks provides a company match for employee contributions to the 401(k) plan, subject to certain limits.
How can employees at AMC Networks enroll in the 401(k) plan?
Employees at AMC Networks can enroll in the 401(k) plan through the company’s benefits portal or by contacting the HR department for assistance.
What is the eligibility requirement for employees to participate in AMC Networks' 401(k) plan?
Employees at AMC Networks are generally eligible to participate in the 401(k) plan after completing a specified period of service, as outlined in the plan documentation.
Can employees at AMC Networks change their contribution percentage to the 401(k) plan?
Yes, employees at AMC Networks can change their contribution percentage to the 401(k) plan at any time, subject to the plan’s rules.
What investment options are available in AMC Networks' 401(k) plan?
AMC Networks' 401(k) plan offers a variety of investment options, including mutual funds and target-date funds, allowing employees to choose based on their risk tolerance.
Is there a vesting schedule for the company match in AMC Networks' 401(k) plan?
Yes, there is a vesting schedule for the company match in AMC Networks' 401(k) plan, which determines when employees gain full ownership of the matched funds.
How often can employees at AMC Networks review their 401(k) account statements?
Employees at AMC Networks can review their 401(k) account statements quarterly, and they may also access their account online anytime.
What happens to the 401(k) plan if an employee leaves AMC Networks?
If an employee leaves AMC Networks, they have several options for their 401(k) plan, including rolling it over to another retirement account or cashing it out, subject to tax implications.
Are loans available against the 401(k) balance at AMC Networks?
Yes, AMC Networks allows employees to take loans against their 401(k) balance, subject to the terms and conditions of the plan.
5. BenefitsPRO, 2017