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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 Walt Disney.
1. Mental Benefits
Working during your Walt Disney 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 Walt Disney 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 Walt Disney 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 Walt Disney.
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- 401K, Social Security, Pension – How to Maximize Your Options
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- 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 Walt Disney?
The 401(k) plan offered by Walt Disney is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How can Walt Disney employees enroll in the 401(k) plan?
Walt Disney employees can enroll in the 401(k) plan through the company’s benefits portal or by contacting the HR department for assistance.
Does Walt Disney match employee contributions to the 401(k) plan?
Yes, Walt Disney offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.
What is the maximum contribution limit for the Walt Disney 401(k) plan?
The maximum contribution limit for the Walt Disney 401(k) plan is subject to IRS regulations, which may change annually.
When can Walt Disney employees start contributing to their 401(k) plan?
Walt Disney employees can start contributing to their 401(k) plan after completing a specified eligibility period, typically within their first year of employment.
Are there any fees associated with the Walt Disney 401(k) plan?
Yes, there may be administrative fees associated with the Walt Disney 401(k) plan, which are disclosed in the plan documents.
Can Walt Disney employees take loans against their 401(k) savings?
Yes, Walt Disney allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.
What investment options are available in the Walt Disney 401(k) plan?
The Walt Disney 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
How often can Walt Disney employees change their 401(k) contribution amount?
Walt Disney employees can change their 401(k) contribution amount at designated times throughout the year, typically during open enrollment or after a qualifying event.
What happens to the 401(k) savings if a Walt Disney employee leaves the company?
If a Walt Disney employee leaves the company, they can choose to roll over their 401(k) savings to another retirement account, cash out, or leave the funds in the Walt Disney plan if eligible.
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5. BenefitsPRO, 2017