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Discover the Top 5 Advantages of Continuing to Work in Retirement for Pinterest 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 Pinterest.

 

1. Mental Benefits

Working during your Pinterest 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 Pinterest 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 Pinterest 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 Pinterest.

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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 Pinterest offer to its employees?

Pinterest offers a 401(k) retirement savings plan to help employees save for their future.

Does Pinterest match employee contributions to the 401(k) plan?

Yes, Pinterest provides a matching contribution to employee 401(k) plans, which enhances the overall savings potential.

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

Employees at Pinterest are eligible to participate in the 401(k) plan after completing a specified period of employment, typically within the first year.

Can Pinterest employees choose how to invest their 401(k) contributions?

Yes, Pinterest employees can select from a variety of investment options available within the 401(k) plan.

How often can Pinterest employees change their 401(k) contribution amounts?

Pinterest employees can change their contribution amounts at any time, allowing for flexibility in their savings.

What is the contribution limit for Pinterest employees participating in the 401(k) plan?

The contribution limit for Pinterest employees is in accordance with IRS regulations, which may change annually.

Does Pinterest provide financial education resources for employees regarding their 401(k) plans?

Yes, Pinterest offers financial education resources and tools to help employees make informed decisions about their 401(k) savings.

Can Pinterest employees take loans against their 401(k) savings?

Yes, Pinterest allows employees to take loans against their 401(k) savings under certain conditions.

What happens to a Pinterest employee's 401(k) if they leave the company?

If a Pinterest employee leaves the company, they can roll over their 401(k) into another retirement account or withdraw the funds, subject to applicable taxes and penalties.

Is there a vesting schedule for Pinterest's 401(k) matching contributions?

Yes, Pinterest has a vesting schedule for its matching contributions, meaning employees must work for a certain period to fully own those contributions.

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For more information you can reach the plan administrator for Pinterest at , ; or by calling them at .

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