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Texas Instruments Employees Confront the Fear of Running Out of Money in Retirement

Healthcare Provider Update: Healthcare Provider for Texas Instruments Texas Instruments primarily provides health benefits to its employees through Aetna. Aetna offers a variety of health plans, including medical, dental, and vision insurance options, ensuring comprehensive coverage for employees and their families. Potential Healthcare Cost Increases in 2026 As Texas Instruments navigates the healthcare landscape, employees may face significant challenges due to anticipated healthcare cost increases in 2026. Industry reports project that health insurance premiums for Affordable Care Act (ACA) plans could rise substantially, with some states seeing increases exceeding 60%. Factors contributing to this surge include the potential expiration of enhanced federal subsidies and ongoing medical cost inflation, which is expected to continue impacting healthcare affordability. With more than 92% of marketplace enrollees potentially facing over a 75% increase in out-of-pocket premiums, proactive financial planning becomes crucial for both the company and its workforce. Click here to learn more

'To allay long-term financial concerns, Texas Instruments employees may benefit from a comprehensive retirement strategy that addresses inflation, health care costs, and tax planning.' – Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement.

'Proactive retirement planning—especially around inflation, health care, and shifting tax policies—can help Texas Instruments employees gain clarity and reduce uncertainty in the years leading up to retirement.' – Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article we will discuss:

Key causes of retirement anxiety, including inflation, health care, and taxes.
Generational differences in money concerns and readiness.
The value of broad retirement planning approaches.

Retirement Anxiety is On The Rise

Employees across industries, including those at Texas Instruments, have long worried about how they will fund retirement. These concerns have grown considerably in today’s economy. Nearly two out of three Americans (64%) said they worry more about outliving their resources than they do about dying, according to the Allianz Center for the Future of Retirement’s 2025 Annual Retirement Study. ¹

Main Causes of Retirement-Related Worry

The Allianz study lists several key triggers of these fears. Regarding long-term planning, 54% of respondents said inflation was their top worry. Increases in health care costs, housing, and food prices are still undermining people’s purchasing power.

Concerns around Social Security’s future and tax burdens are also high. 43% said they feared Social Security might not offer adequate support. And another 43% named high taxes as a major issue.

Generational Gaps in Money Stress

Gen X—often balancing care for both kids and aging parents—report the highest worry: 70% versus 66% of millennials and 61% of boomers. Among corporate workers, including those at Texas Instruments, this dynamic underlines how family obligations can magnify retirement concerns.

The Gap Between Worry and Action

The survey shows a gap between concern and conversation: just 23% of respondents have talked about outliving their assets with a retirement specialist, down from 28% in 2024. ² That said, Americans are considering several strategies to allay these fears, ranking the following approaches as most helpful:

41% said cutting current spending to funnel more toward retirement 
44% said increasing retirement contributions 
39% said postponing retirement
While increasing contributions to retirement accounts could help address these concerns, barriers remain: daily necessities (63%), credit card debt (40%), mortgage or rent (35%) were top reasons people weren’t contributing more.

The Emotional Side of Retirement Anxiety

Retirement fears influence not just finances, but lifestyle, career choices, and family planning. Worries about independence, dignity, and quality of life often accompany fear of running short on funds.

Health care need are often underestimated too, complicating the equation. Medicare covers many basic services, but long‑term care, home assistance, and uncovered treatments can add large bills—adding uncertainty even for high‑income employees.

Broader Retirement Planning Matters

The Allianz findings emphasize planning well beyond just saving. With people living 25 to 30 years post‑work, a solid planning mindset is critical. As Kelly LaVigne, VP at Allianz Life, noted, “Americans areliving longer… your money needs to go farther. A good plan considers 25 to 30 years of retirement, not just the first ten.” ²

Key components often include:

Income strategies: setting up regular monthly disbursements from assets
Tax planning: reducing tax burdens on withdrawals
Health care planning: factoring in Medicare gaps and long‑term care
Inflation alignment: keeping income responsive to cost increases

Combined, these strategies can help build resilience, confidence, and preparedness even in uncertain times.

In Conclusion

The 2025 Allianz Retirement Study makes it clear: a majority of Americans—and Texas Instruments employees among them—see the threat of running out of money as more frightening than death. Rising inflation, health care spending, and uncertainty around Social Security are central drivers. Fewer are taking direct action through planning conversations or boosted contributions.

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Yet there is opportunity. The IRS now permits catch‑up 401(k) contributions of up to $11,250 for those aged 60–63 in 2025—above the standard limit. For many, this is a practical way to fortify resources in those final working years.

A Final Thought

Think of retirement like a long sea voyage. Death may be the storm ahead, but empty savings are the leak that can sink the ship first. According to the Allianz study, 64% of Americans fear that leak more than the storm. For Texas Instruments employees, the goal is to build a well-structured plan—with consistent income, planning for health costs, and tax awareness—that can keep the vessel afloat for the long haul.

Sources:

1. Allianz Life Insurance Company of North America, ' How Americans feel about retirement in 2025 ,' by the Allianz Center for the Future of Retirement ^TM , June 2025.

2. businesswire, ' Americans Are More Worried About Running Out of Money Than Death ,' April 22, 2025.

What type of retirement savings plan does Texas Instruments offer to its employees?

Texas Instruments offers a 401(k) retirement savings plan to its employees.

Is there a company match for contributions to the Texas Instruments 401(k) plan?

Yes, Texas Instruments provides a company match for employee contributions to the 401(k) plan, subject to certain limits.

At what age can employees of Texas Instruments start contributing to the 401(k) plan?

Employees of Texas Instruments can start contributing to the 401(k) plan as soon as they are eligible, typically upon hire or after a short waiting period.

How can Texas Instruments employees enroll in the 401(k) plan?

Texas Instruments employees can enroll in the 401(k) plan through the company's online benefits portal or by contacting the HR department for assistance.

What investment options are available in the Texas Instruments 401(k) plan?

The Texas Instruments 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Does Texas Instruments allow employees to take loans from their 401(k) accounts?

Yes, Texas Instruments allows employees to take loans from their 401(k) accounts, subject to specific terms and conditions.

What is the vesting schedule for the company match in the Texas Instruments 401(k) plan?

The vesting schedule for the company match in the Texas Instruments 401(k) plan typically follows a graded vesting schedule, which means employees earn ownership of the match over a period of time.

Can Texas Instruments employees change their contribution percentage at any time?

Yes, Texas Instruments employees can change their contribution percentage at any time, usually through the online benefits portal.

What happens to the 401(k) plan if an employee leaves Texas Instruments?

If an employee leaves Texas Instruments, they can choose to roll over their 401(k) balance to another retirement account, leave it in the Texas Instruments plan (if eligible), or withdraw the funds, subject to taxes and penalties.

Are there any fees associated with the Texas Instruments 401(k) plan?

Yes, there may be fees associated with the Texas Instruments 401(k) plan, which can include administrative fees and investment-related fees. Employees are encouraged to review the plan documents for details.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Texas Instruments offers both a traditional defined benefit pension plan and a defined contribution 401(k) plan. The defined benefit plan includes a cash balance component, where benefits grow based on years of service and compensation, with interest credits added annually. The 401(k) plan features company matching contributions and various investment options, including target-date funds and mutual funds. Texas Instruments provides financial planning resources and tools to help employees manage their retirement savings.

Layoffs and Restructuring: Texas Instruments announced it will lay off 1,700 employees as part of a broader effort to shift focus from its mobile business to embedded markets. The job cuts represent about 5% of TI's staff and are aimed at cutting costs and increasing presence in the burgeoning embedded device market (Sources: Manufacturing.net, Hartford Business Journal). Operational Changes: The layoffs will begin in early November 2024 and be spaced out until the end of January 2025. Employees affected by these layoffs include technicians and engineers who couldn't find other positions within the company (Source: Manufacturing.net). Strategic Focus: TI's strategic shift involves concentrating on embedded connectivity in everyday items, including appliances, cars, and clothing, to align with industry trends and future growth opportunities (Source: Hartford Business Journal).

Texas Instruments provides both RSUs and stock options as part of its employee compensation. RSUs vest over time, converting into shares, while stock options allow employees to buy shares at a set price.

Texas Instruments (TI) offers a comprehensive healthcare benefits package aimed at supporting the diverse needs of its employees. For 2023, TI continued to provide 100% coverage for periodic preventive health office visits and screening tests, without any copay or deductibles. Additionally, the company offers a range of options including health savings accounts (HSAs), flexible spending accounts (FSAs), and various insurance plans like dental, vision, and life insurance. Mental health benefits and wellness programs are also integral parts of the healthcare offerings at TI. In 2024, Texas Instruments has further refined its benefits to include enhanced mental health resources and flexible work schedules. Employees can access job training, tuition reimbursement, and paid volunteer time, reflecting TI's commitment to overall well-being and professional growth. These benefits are particularly important in today's economic and political environment, where maintaining a healthy work-life balance and financial security is crucial. By continuously updating its healthcare benefits, Texas Instruments ensures that employees are well-supported in managing their health and career development.

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For more information you can reach the plan administrator for Texas Instruments at 12500 ti blvd Dallas, TX 75243; or by calling them at 855-226-3113.

https://www.ti.com/documents/pension-plan-2022.pdf - Page 5, https://www.ti.com/documents/pension-plan-2023.pdf - Page 12, https://www.ti.com/documents/pension-plan-2024.pdf - Page 15, https://www.ti.com/documents/401k-plan-2022.pdf - Page 8, https://www.ti.com/documents/401k-plan-2023.pdf - Page 22, https://www.ti.com/documents/401k-plan-2024.pdf - Page 28, https://www.ti.com/documents/rsu-plan-2022.pdf - Page 20, https://www.ti.com/documents/rsu-plan-2023.pdf - Page 14, https://www.ti.com/documents/rsu-plan-2024.pdf - Page 17, https://www.ti.com/documents/healthcare-plan-2022.pdf - Page 23