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Discover the Top 5 Advantages of Continuing to Work in Retirement for Anywhere Real Estate Employees

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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 Anywhere Real Estate.

 

1. Mental Benefits

Working during your Anywhere Real Estate 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 Anywhere Real Estate 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 Anywhere Real Estate 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 Anywhere Real Estate.

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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 401(k) plan does Anywhere Real Estate offer to its employees?

Anywhere Real Estate offers a traditional 401(k) plan that allows employees to save for retirement on a tax-deferred basis.

Does Anywhere Real Estate provide a matching contribution for its 401(k) plan?

Yes, Anywhere Real Estate provides a matching contribution to employee 401(k) accounts, which helps employees maximize their retirement savings.

What is the eligibility requirement for employees to participate in the Anywhere Real Estate 401(k) plan?

Employees of Anywhere Real Estate become eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.

Can employees at Anywhere Real Estate choose how much to contribute to their 401(k) plan?

Yes, employees at Anywhere Real Estate can choose to contribute a percentage of their salary to their 401(k) plan, within IRS limits.

What investment options are available in the Anywhere Real Estate 401(k) plan?

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

Are there any fees associated with the 401(k) plan at Anywhere Real Estate?

Yes, Anywhere Real Estate's 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.

How often can employees change their contribution amounts in the Anywhere Real Estate 401(k) plan?

Employees at Anywhere Real Estate can change their contribution amounts at designated times throughout the year, usually during open enrollment periods.

Does Anywhere Real Estate offer financial education resources for employees regarding their 401(k) plan?

Yes, Anywhere Real Estate provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.

What happens to the 401(k) plan if an employee leaves Anywhere Real Estate?

If an employee leaves Anywhere Real Estate, they can roll over their 401(k) balance to another retirement account, cash out, or leave the funds in the plan, depending on the plan's rules.

Is there a loan provision in the Anywhere Real Estate 401(k) plan?

Yes, the Anywhere Real Estate 401(k) plan may allow employees to take loans against their account balance, subject to specific terms and conditions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Anywhere Real Estate offers employees a 401(k) plan called the "Anywhere Real Estate Group Employee Savings Plan." The plan encourages employees to save for retirement with tax-favored treatment and provides a wide range of investment options to suit different employee preferences. The plan includes automatic enrollment for eligible employees, typically after completing a minimum of one year of service, and allows for immediate vesting in the company match contributions after a certain period of time. The company has also implemented catch-up contributions for employees aged 50 and older, allowing them to contribute additional amounts each year​
In January 2023, Anywhere Real Estate announced another round of layoffs following cuts made in mid-2022. The company revealed that it had reduced its workforce by 11% due to declining housing market trends. They are also winding down their RealSure program, a cash-offer service for home sellers. These cuts are part of broader cost-reduction efforts aimed at adapting to ongoing market downturns. The company has committed to focusing more on digital innovations, lead generation, and supporting franchisees​
Anywhere Real Estate offers various stock options and Restricted Stock Units (RSUs) to its employees, structured to enhance retention and reward performance. These RSUs are typically awarded to higher-level employees, including executives, as part of a long-term incentive plan. For example, in 2022 and 2023, RSUs were granted based on performance metrics such as the company's revenue and EBITDA targets​ (Anywhere Real Estate Inc.). The stock options provided to employees allow them to purchase shares of Anywhere Real Estate (NYSE: HOUS) at a set price, which is generally the market price at the time of the grant. These options typically vest over a three-year period​
Coverage Extensions (2023-2024): In 2024, Anywhere expanded its health benefits to address the needs of elder caregiving and menopause support. These additional benefits reflect the company’s focus on supporting employees through various life stages, aiming to cater to both mid-career professionals and retirees​ (Home Page). Emphasis on Financial Planning Integration: The company encourages employees to integrate healthcare planning with financial management, offering resources to help navigate Medicare Advantage and other insurance changes. These services are especially beneficial for those nearing retirement​ (Home Page). Digital Healthcare and Accessibility: Digital health services are a priority for Anywhere, as the company focuses on delivering healthcare resources through online platforms. This digital shift is part of their broader strategy to enhance consumer experiences, integrating healthcare seamlessly into employees' real estate and financial planning​
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For more information you can reach the plan administrator for Anywhere Real Estate at 175 Park Ave Madison, NJ 7940; or by calling them at (973) 407-2000.

https://turbotax.intuit.com/tax-tips/retirement/net-unrealized-appreciation-nua-tax-treatment-amp-strategies/c71vBJZ2B https://www.investopedia.com/terms/n/netunrealizedappreciation.asp https://www.key.com/kpb/our-insights/articles/net-unrealized-appreciation.html https://www.thinkadvisor.com/2024/05/20/understanding-net-unrealized-appreciation/ https://anywhere.re/rewards/401k-retirement-planning/ https://southfloridaagentmagazine.com/2023/01/10/anywhere-real-estate-layoffs/ https://therealdeal.com/new-york/2023/01/10/anywhere-announces-more-layoffs-shutters-ibuying/ https://www.einnews.com/pr_news/584645135/2023-pension-buyouts-how-interest-rates-are-affecting-lump-sum-offers https://kpmg.com/us/en/home/insights/2023/11/tnf-notice-2023-75-pension-plans-cost-of-living-adjustments-2024.html https://www.milliman.com/en/insight/2023-lump-sums-defined-benefit-plans-much-lower-as-interest-rates-rise https://intellizence.com/insights/layoff-downsizing/leading-companies-announcing-layoffs-and-hiring-freezes/ https://www.bdo.com/insights/assurance/how-furloughs-and-layoffs-may-affect-company-retirement-plans https://en.wikipedia.org/wiki/Anywhere_Real_Estate https://www.theretirementgroup.com/featured-article/5448105/how-to-make-the-most-of-your-anywhere-real-estate-health-plan-in-2024 https://www.realestatenews.com/2023/01/10/anywhere-announces-layoffs-strategy-changes https://anywhere.re/ https://www.theretirementgroup.com/featured-article/5448105/how-to-make-the-most-of-your-anywhere-real-estate-health-plan-in-2024 https://www.thelayoff.org/?gd_place=anywhere-real-estate https://southfloridaagentmagazine.com/2023/01/10/anywhere-real-estate-layoffs/ https://www.realtrends.com/articles/anywhere-is-the-latest-real-estate-firm-to-make-layoffs/ https://ir.anywhere.re/news/news-details/2024/Anywhere-to-Release-Full-Year-2023-Financial-Results-and-Host-Webcast-on-February-15-2024/default.aspx https://therealdeal.com/national/2024/04/25/anywhere-optimistic-post-nar-settlement/

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