/General/General%202.png?width=1280&height=853&name=General%202.png)
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 ManpowerGroup.
1. Mental Benefits
Working during your ManpowerGroup 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 ManpowerGroup 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 ManpowerGroup 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 ManpowerGroup.
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 is the 401(k) plan offered by ManpowerGroup?
The 401(k) plan at ManpowerGroup is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How does ManpowerGroup match employee contributions to the 401(k) plan?
ManpowerGroup offers a matching contribution program where the company matches a percentage of the employee's contributions, up to a certain limit.
Can employees at ManpowerGroup enroll in the 401(k) plan at any time?
Employees at ManpowerGroup can enroll in the 401(k) plan during the open enrollment period or when they first become eligible.
What are the eligibility requirements for ManpowerGroup's 401(k) plan?
To be eligible for ManpowerGroup's 401(k) plan, employees must meet specific criteria, such as age and length of service, which are outlined in the plan documents.
How can employees at ManpowerGroup change their contribution rate to the 401(k) plan?
Employees at ManpowerGroup can change their contribution rate by submitting a request through the company’s benefits portal during the designated periods.
What investment options are available in ManpowerGroup's 401(k) plan?
ManpowerGroup's 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.
Does ManpowerGroup provide financial education regarding the 401(k) plan?
Yes, ManpowerGroup offers financial education resources and workshops to help employees understand their 401(k) options and make informed decisions.
What happens to my 401(k) if I leave ManpowerGroup?
If you leave ManpowerGroup, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the ManpowerGroup plan if allowed.
Are there any fees associated with ManpowerGroup's 401(k) plan?
Yes, there may be administrative fees and investment-related fees associated with ManpowerGroup's 401(k) plan, which are disclosed in the plan documents.
How often can employees at ManpowerGroup review their 401(k) account statements?
Employees at ManpowerGroup can review their 401(k) account statements quarterly, and they can access their account information online at any time.
-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