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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 Zebra Technologies.
1. Mental Benefits
Working during your Zebra Technologies 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 Zebra Technologies 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 Zebra Technologies 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 Zebra Technologies.
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- 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 type of retirement plan does Zebra Technologies offer to its employees?
Zebra Technologies offers a 401(k) retirement savings plan to its employees.
Does Zebra Technologies provide a company match for its 401(k) contributions?
Yes, Zebra Technologies provides a company match for employee contributions to the 401(k) plan, subject to certain limits.
How can employees at Zebra Technologies enroll in the 401(k) plan?
Employees at Zebra Technologies can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
What is the minimum age to participate in the Zebra Technologies 401(k) plan?
Employees must be at least 21 years old to participate in the Zebra Technologies 401(k) plan.
Are there any eligibility requirements for the 401(k) plan at Zebra Technologies?
Yes, employees must meet specific eligibility requirements, including a minimum service period, to participate in the Zebra Technologies 401(k) plan.
What types of investment options are available in the Zebra Technologies 401(k) plan?
The Zebra Technologies 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Can employees at Zebra Technologies take loans against their 401(k) savings?
Yes, Zebra Technologies allows employees to take loans against their 401(k) savings, subject to the plan’s terms and conditions.
What is the vesting schedule for the company match in the Zebra Technologies 401(k) plan?
The vesting schedule for the company match in the Zebra Technologies 401(k) plan typically follows a graded vesting schedule over several years.
How often can employees change their contribution percentage to the Zebra Technologies 401(k) plan?
Employees at Zebra Technologies can change their contribution percentage to the 401(k) plan at any time, subject to the plan’s rules.
Does Zebra Technologies offer financial education resources for employees regarding the 401(k) plan?
Yes, Zebra Technologies provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.
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5. BenefitsPRO, 2017