Healthcare Provider Update: Offers medical, dental, vision, and mental health benefits through Spring Health, plus HSA contributions and telemedicine via Teladoc 8. With ACA premiums projected to rise by up to 75% for some, TEGNAs flexible coverage and wellness support provide a strong buffer against marketplace volatility. 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 TEGNA.
1. Mental Benefits
Working during your TEGNA 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 TEGNA 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 TEGNA 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 TEGNA.
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- 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 TEGNA's 401(k) plan?
TEGNA's 401(k) plan is a retirement savings plan that allows employees to save for their future by contributing a portion of their salary on a pre-tax or after-tax (Roth) basis.
How can I enroll in TEGNA's 401(k) plan?
You can enroll in TEGNA's 401(k) plan by logging into the employee benefits portal and following the enrollment instructions provided.
What is the employer match for TEGNA's 401(k) plan?
TEGNA offers a competitive employer match for contributions made to the 401(k) plan, which helps employees boost their retirement savings.
When can I start contributing to TEGNA's 401(k) plan?
Employees at TEGNA can start contributing to the 401(k) plan after completing their eligibility requirements, typically within the first few months of employment.
What types of investment options are available in TEGNA's 401(k) plan?
TEGNA's 401(k) plan includes a variety of investment options, such as mutual funds, target-date funds, and company stock, allowing employees to diversify their portfolios.
Can I change my contribution amount to TEGNA's 401(k) plan?
Yes, employees can change their contribution amounts to TEGNA's 401(k) plan at any time through the employee benefits portal.
Does TEGNA offer a Roth 401(k) option?
Yes, TEGNA offers a Roth 401(k) option, allowing employees to make after-tax contributions and potentially enjoy tax-free withdrawals in retirement.
What happens to my TEGNA 401(k) if I leave the company?
If you leave TEGNA, you have several options for your 401(k), including cashing out, rolling it over to another retirement account, or leaving it with TEGNA.
Is there a vesting schedule for TEGNA's 401(k) employer match?
Yes, TEGNA has a vesting schedule for the employer match, meaning that employees must work for the company for a certain period before they fully own the matched funds.
How can I access my TEGNA 401(k) account?
You can access your TEGNA 401(k) account by logging into the designated retirement plan website or mobile app provided by the plan administrator.
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5. BenefitsPRO, 2017