/General/General%207.png?width=1280&height=853&name=General%207.png)
Healthcare Provider Update: Partners with UnitedHealthcare to offer nationwide medical coverage, along with dental, vision, FSAs, HSAs, and wellness resources 9. As ACA costs rise, Insperitys broad coverage and tax-advantaged savings tools help employees manage expenses and avoid subsidy cliffs. Click here to learn more
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 Insperity.
1. Mental Benefits
Working during your Insperity 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 Insperity 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 Insperity 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 Insperity.
Articles you may find interesting:
- 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!
- 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 plan does Insperity offer to its employees?
Insperity offers a 401(k) retirement savings plan to its employees.
How can employees of Insperity enroll in the 401(k) plan?
Employees of Insperity can enroll in the 401(k) plan through the company’s online benefits portal during the open enrollment period or after their eligibility period.
Does Insperity provide any matching contributions to the 401(k) plan?
Yes, Insperity provides matching contributions to the 401(k) plan, helping employees to maximize their retirement savings.
What is the vesting schedule for Insperity’s 401(k) matching contributions?
Insperity has a vesting schedule that typically requires employees to work for a certain number of years before fully owning the matching contributions.
Can Insperity employees take loans against their 401(k) savings?
Yes, Insperity allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.
What investment options are available in Insperity’s 401(k) plan?
Insperity’s 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Is there a minimum contribution requirement for Insperity’s 401(k) plan?
Yes, Insperity requires employees to contribute a minimum percentage of their salary to participate in the 401(k) plan.
How often can Insperity employees change their 401(k) contribution amounts?
Insperity employees can change their 401(k) contribution amounts at any time, subject to the plan’s guidelines.
What happens to Insperity employees' 401(k) savings if they leave the company?
If Insperity employees leave the company, they can roll over their 401(k) savings into another retirement account or leave the funds in the Insperity plan, depending on the plan’s rules.
Does Insperity offer financial education resources for employees regarding their 401(k) plan?
Yes, Insperity provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.
-2.png?width=300&height=200&name=office-builing-main-lobby%20(52)-2.png)
.webp?width=300&height=200&name=office-builing-main-lobby%20(27).webp)
-2.png)
.webp)
5. BenefitsPRO, 2017