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 Beazer Homes USA.
1. Mental Benefits
Working during your Beazer Homes USA 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 Beazer Homes USA 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 Beazer Homes USA 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 Beazer Homes USA.
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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!
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- 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 plan does Beazer Homes USA offer to its employees?
Beazer Homes USA offers a 401(k) retirement savings plan to its employees.
Does Beazer Homes USA provide matching contributions to the 401(k) plan?
Yes, Beazer Homes USA provides matching contributions to the 401(k) plan, helping employees save for retirement.
What is the eligibility requirement for employees to participate in Beazer Homes USA's 401(k) plan?
Employees of Beazer Homes USA typically become eligible to participate in the 401(k) plan after completing a specified period of service.
Can employees at Beazer Homes USA choose how much to contribute to their 401(k) plan?
Yes, employees at Beazer Homes USA can choose to contribute a percentage of their salary to their 401(k) plan, subject to IRS limits.
What investment options are available in Beazer Homes USA's 401(k) plan?
Beazer Homes USA's 401(k) plan offers a variety of investment options, including mutual funds and target-date funds.
How can employees at Beazer Homes USA access their 401(k) account information?
Employees at Beazer Homes USA can access their 401(k) account information through the plan's online portal or by contacting the plan administrator.
Is there a vesting schedule for the employer match in Beazer Homes USA's 401(k) plan?
Yes, Beazer Homes USA has a vesting schedule for the employer match, which determines when employees fully own the matched contributions.
Can employees take loans against their 401(k) plans at Beazer Homes USA?
Yes, Beazer Homes USA allows employees to take loans against their 401(k) plans, subject to specific terms and conditions.
What happens to an employee's 401(k) plan if they leave Beazer Homes USA?
If an employee leaves Beazer Homes USA, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave it in the Beazer Homes USA plan if permitted.
Are there any fees associated with Beazer Homes USA's 401(k) plan?
Yes, Beazer Homes USA's 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.
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5. BenefitsPRO, 2017