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Discover the Top 5 Advantages of Continuing to Work in Retirement for AMN Healthcare Services Employees

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 AMN Healthcare Services.

1. Mental Benefits

Working during your AMN Healthcare Services 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 AMN Healthcare Services 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 AMN Healthcare Services 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 AMN Healthcare Services.

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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 AMN Healthcare Services offer to its employees?

AMN Healthcare Services offers a 401(k) retirement savings plan to help employees save for their future.

Is there an employer match for contributions made to the 401(k) at AMN Healthcare Services?

Yes, AMN Healthcare Services provides an employer match on employee contributions to the 401(k) plan, subject to certain limits.

How can employees enroll in the 401(k) plan at AMN Healthcare Services?

Employees can enroll in the 401(k) plan through the AMN Healthcare Services benefits portal or by contacting the HR department for assistance.

What are the contribution limits for the 401(k) plan at AMN Healthcare Services?

The contribution limits for the 401(k) plan at AMN Healthcare Services are set according to IRS guidelines, which may change annually.

Can employees take loans against their 401(k) balance at AMN Healthcare Services?

Yes, AMN Healthcare Services allows employees to take loans against their 401(k) balance, subject to the plan’s specific terms and conditions.

What investment options are available in the AMN Healthcare Services 401(k) plan?

The AMN Healthcare Services 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.

How often can employees change their contribution amounts to the 401(k) at AMN Healthcare Services?

Employees at AMN Healthcare Services can change their contribution amounts to the 401(k) plan on a quarterly basis or as specified in the plan guidelines.

What happens to my 401(k) if I leave AMN Healthcare Services?

If you leave AMN Healthcare Services, you can choose to roll over your 401(k) balance to another qualified retirement plan or withdraw the funds, subject to tax implications.

Does AMN Healthcare Services offer a Roth 401(k) option?

Yes, AMN Healthcare Services offers a Roth 401(k) option, allowing employees to make after-tax contributions and potentially enjoy tax-free withdrawals in retirement.

Are there any fees associated with the AMN Healthcare Services 401(k) plan?

Yes, there may be administrative fees associated with the AMN Healthcare Services 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.

AMN Healthcare Services has recently undergone a restructuring process, resulting in layoffs affecting several departments. The company has also announced changes to its benefits packages, including reductions in healthcare and retirement benefits. These updates have been discussed on various news sites, including www.thelayoff.com.

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For more information you can reach the plan administrator for AMN Healthcare Services at 12400 High Bluff Drive San Diego, CA 92130; or by calling them at (866) 871-8519.