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Discover the Top 5 Advantages of Continuing to Work in Retirement for Interactive Brokers Group Employees

Healthcare Provider Update: Interactive Brokers covers 100% of premiums for its Open Access Managed Choice Plan, with additional dental, vision, and disability coverage 9. As ACA subsidies expire and premiums rise, Interactive Brokers fully covered plans provide a strong alternative to increasingly expensive marketplace options. 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 Interactive Brokers Group.

1. Mental Benefits

Working during your Interactive Brokers Group 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 Interactive Brokers Group 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 Interactive Brokers Group 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 Interactive Brokers Group.

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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 Interactive Brokers Group offer to its employees?

Interactive Brokers Group offers a 401(k) retirement savings plan to its employees.

Does Interactive Brokers Group provide a matching contribution for its 401(k) plan?

Yes, Interactive Brokers Group provides a matching contribution to eligible employees participating in the 401(k) plan.

What is the eligibility requirement to participate in the Interactive Brokers Group 401(k) plan?

Employees of Interactive Brokers Group typically become eligible to participate in the 401(k) plan after completing a certain period of service, as defined in the plan documents.

Can employees of Interactive Brokers Group choose how much to contribute to their 401(k) plan?

Yes, employees of Interactive Brokers Group can choose to contribute a percentage of their salary to their 401(k) plan, within IRS limits.

What investment options are available in the Interactive Brokers Group 401(k) plan?

The Interactive Brokers Group 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds.

Is there a vesting schedule for the employer match in the Interactive Brokers Group 401(k) plan?

Yes, Interactive Brokers Group has a vesting schedule for employer matching contributions, which means employees must work for a certain period to fully own those contributions.

How can employees of Interactive Brokers Group access their 401(k) account information?

Employees of Interactive Brokers Group can access their 401(k) account information through the company’s HR portal or the plan's designated website.

Does Interactive Brokers Group allow loans against the 401(k) plan?

Yes, Interactive Brokers Group may allow participants to take loans against their 401(k) balance, subject to specific terms and conditions.

What happens to my 401(k) if I leave Interactive Brokers Group?

If you leave Interactive Brokers Group, you can choose to roll over your 401(k) balance to another retirement account, cash it out, or leave it in the Interactive Brokers Group plan if allowed.

Are there any fees associated with the Interactive Brokers Group 401(k) plan?

Yes, there may be administrative fees and investment-related fees associated with the Interactive Brokers Group 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.

Pension Plan Details: Years of Service and Age Qualification: Criteria for eligibility. Pension Formula: How pension benefits are calculated. Name of Pension Plan: Official title of the pension plan. 401(k) Plan Details: Eligibility: Who qualifies for the 401(k) plan. Name of the 401(k) Plan: Official title of the 401(k) plan.

Restructuring and Layoffs: Interactive Brokers Group has been undergoing restructuring to streamline operations and enhance efficiency. In late 2023, the company announced a reduction in its workforce by approximately 5% as part of a broader cost-cutting strategy. This decision aligns with their focus on improving profitability amid fluctuating market conditions. Source: Bloomberg Importance: Given the current economic uncertainty and market volatility, it is crucial to understand how companies like Interactive Brokers are adapting their workforce strategies. This is important for assessing potential impacts on investment stability and overall financial health

Stock Options (SO): SOs are typically granted to employees as part of their compensation package, giving them the right to buy company stock at a fixed price in the future. Restricted Stock Units (RSUs): RSUs are company shares given to employees, which vest over time, meaning employees earn the shares as they remain with the company.

Health Benefits Overview: Interactive Brokers Group's official website often contains a section dedicated to employee benefits, including health insurance options, wellness programs, and other health-related benefits. Healthcare Terms and Acronyms: Common terms may include PPO (Preferred Provider Organization), HMO (Health Maintenance Organization), FSA (Flexible Spending Account), and HSA (Health Savings Account).