New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

How Pfizer Employees Can Get 'Unstuck' and Enjoy Their Wealth

Healthcare Provider Update: Healthcare Provider for Pfizer: Pfizer does not operate as a traditional healthcare provider, but it is a major pharmaceutical company that provides a wide range of medications and vaccines. For healthcare services, Pfizer collaborates with various healthcare organizations, insurers, and providers to distribute its products and support health initiatives. Potential Healthcare Cost Increases in 2026: The healthcare landscape is bracing for significant cost escalations in 2026, driven by a convergence of factors, including the anticipated expiration of enhanced ACA premium subsidies and rising medical costs. Insurers are expected to request steep premium increases, some exceeding 60%, as they cope with surging hospital and prescription drug expenses. Moreover, without congressional action to extend these subsidies, many consumers could see their out-of-pocket costs rise dramatically-some estimates suggest increases of over 75%-making access to affordable healthcare a critical concern for millions. Click here to learn more

'Pfizer employees seeking a meaningful and balanced life should recognize that true wealth isn't just about financial stability but also embracing fulfillment in all aspects of life, including health and well-being.' – Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement Group.

'Helping Pfizer employees achieve a fulfilling life requires more than financial strategies; it's about guiding them to live with purpose, balancing wealth with wellness to truly enjoy their success.' – Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement Group.

In this article, we will discuss:

The connection between happiness and money
How financial advisors can help clients get 'unstuck'
The importance of balancing financial, emotional, and physical well-being

It can be difficult for financial consultants to offer more than just a sound financial strategy. A highly influential financial counselor understands that success is based on more than just statistics, even though creating a stable future is crucial. Crafting a happy and satisfying life for clients—balancing not just their financial wellness but also their physical and mental well-being—is the key to true success. Pfizer employees can feel grounded and rooted in all facets of their lives, not just their finances, according to our three-pronged strategy.

The Connection Between Happiness and Money

There is a widespread misperception that having money inevitably makes one happy. Actually, I've seen a lot of people who are wealthy yet find it difficult to enjoy their prosperity. Even though they are in a position to spend comfortably, some people are inhibited by their fear of doing so. For example, one customer hesitated to book nonstop flights because he was so reluctant to spend money, despite the fact that layovers had a major negative impact on his quality of life. A different customer would routinely skip dinner due to cost rather than health issues.

However, I have also worked with people who struggle with compulsive spending, which is the opposite tendency. They continue to overindulge in the hopes that the future will correct their current financial irresponsibility, even if they have pledged to control their behaviors. Although there are benefits to the 'Carpe Diem' attitude, living extravagantly can harm a client's financial future.

The most important lesson is that the objective is to spend in a way that brings happiness and satisfaction, not to spend the least or the most. It is our responsibility as financial advisors to help clients strike that balance by advising them to engage in fulfilling experiences and endeavors rather than only attempting to reduce costs or satisfy material cravings.

Getting 'Unstuck' Clients

As a financial advisor, one of my most important responsibilities is to assist customers who are feeling 'stuck.' This can take many forms: some people are stuck in a financial mindset that keeps them from appreciating their prosperity, while others are physically ill and lack the stamina to engage in the things they used to enjoy. Many individuals experience mental loneliness or uncertainty about their life's purpose.

The objective is to assist them in being 'unstuck.' This could be advising that a client finally upgrade to first-class when they travel, or urging them to take that long-awaited family trip that they have been putting off for years. It might also entail helping them find new interests, like gardening or photography, or assisting them in getting back into exercise by getting them a personal trainer or joining a gym.

Pickleball is among the most successful activities I've recently introduced to my customers. For many, this inexpensive but incredibly captivating sport has changed their lives. It offers social interaction, which is crucial for mental health, in addition to physical exercise. After learning pickleball, clients have said they feel more motivated and excited about life. Seeing these great changes has been immensely satisfying, and the game has turned into a reason to look forward to something.

Posing Appropriate Questions

Asking the proper questions is the first step in assisting customers in becoming unstuck. I probe them with inquiries that delve deeper into their lives rather than just their portfolios. 'How are you? Are you continuing to be active? What do you most eagerly anticipate?' I can learn more about their priorities thanks to these inquiries. The truth is that relationships, health, or a lack of purpose are more common worries for many people than money.

Advisors can assist clients in identifying the aspects of their lives that they can control and letting go of the things that they cannot by interacting with them on this deeper level. When clients are based on a sense of general well-being, financial decisions become simpler. Addressing clients' emotional, physical, and financial issues enables them to make choices that are in line with their actual preferences.

Encouraging Customers to Lead the Life They Desire

Giving clients financial guidance is only one aspect of helping them become unstuck; another is enabling them to use their wealth in ways that truly bring them joy. You can tell you're having a real influence when your clients walk away from a conversation feeling lighter, more confident, and more excited about their future. In addition to helping their clients accumulate wealth, financial advisors should assist them in creating a worthwhile life.

The function of an advisor goes beyond creating financial plans; it also involves helping clients create life plans that strike a balance between fulfillment and enjoyment. These interventions lay the groundwork for long-term satisfaction, whether it's recommending a trip, fostering a new pastime, or assisting a client in making health-related investments. The goal of wealth is to improve one's life, not only accumulate it.

In summary, managing investments and portfolios is only one aspect of being a financial advisor. Understanding clients' core needs—how they want to spend their time, what brings them joy, and how they may live life to the fullest—is where the true value lies. Pfizer employees can feel financially confident and pleased in all other aspects of their lives when they can enjoy the wealth they have amassed. In addition to a healthy portfolio, this all-encompassing approach to financial counseling results in a happier, healthier life.

Brian Parker, CFP, managing director and co-founder of EP Wealth Advisors, works with professionals, athletes, entrepreneurs, and executives. He also participates in initiatives promoting women's programming, financial literacy, and charitable giving. Brian sits on various boards that support sports, health, wellness, and youth education.

For senior citizens, consistent physical activity has major health benefits. Even a small amount of regular exercise, like walking, has been shown to significantly lower the chance of developing chronic diseases like diabetes, heart disease, and several types of cancer. According to a study published in Preventive Medicine, for example, walking 3,000 steps a day can reduce the chance of dying prematurely. For people over 60, the advantages are greatest when walking 7,000 to 9,000 steps a day. Strength and endurance training can also improve mobility, balance, and general physical function, leading to a better quality of life and more independence as people age.

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Articles you may find interesting:

Sources:

1. 'The Life-Changing Benefits of Exercise After 60.' National Council on Aging , 2021.
www.ncoa.org/article/the-life-changing-benefits-of-exercise-after-60 .

2. 'Mental health around retirement: evidence of Ashenfelter's dip.' BMC Geriatrics , 2023.
doi:10.1186/s12877-023-02999-x.

3. '4 tips for getting fit at any age, from a sports scientist who studies athletes as old as 92.' Business Insider , 2025.

4. 'Participating in Activities You Enjoy As You Age.' National Institute on Aging , 2022.
www.nia.nih.gov/news/participating-activities-you-enjoy .

5. 'Plan Your Retirement And Improve Your Mental And Physical Health.' Forbes , 9 May 2025.
www.forbes.com/sites/stevevernon/2025/05/09/plan-your-retirement .

How does Pfizer, Inc. approach the management of its Consolidated Pension Plan to ensure the financial stability and long-term sustainability of the benefits promised to its employees? Furthermore, what strategies does Pfizer, Inc. employ to communicate the importance of this plan to its workforce, and how does it equip employees with the knowledge needed to understand their benefits effectively?

Pfizer, Inc. manages its Consolidated Pension Plan with a strong focus on financial stability and long-term sustainability by working with key financial partners like Fidelity Investments for recordkeeping and Northern Trust Company for trustee services(Pfizer_3-9-2015_Pfizer_…). The company ensures proper investment strategies and regular reviews to meet the pension obligations and maintain the health of the fund. To communicate the importance of the pension plan, Pfizer uses various channels to educate employees about their benefits, including workshops, internal communication, and retirement planning tools, ensuring that all employees have a clear understanding of their benefits.

In what ways does Pfizer, Inc. ensure compliance with the latest IRS regulations concerning pension plans, and how frequently does it review and update its pension plan policies to align with changing laws? Additionally, what role does the Pension Plan Administrator play in overseeing these compliance efforts within Pfizer, Inc.?

Pfizer, Inc. stays in compliance with IRS regulations regarding pension plans by frequently reviewing and updating its policies to reflect legal changes. The Pension Plan Administrator at Pfizer plays a vital role in overseeing compliance efforts, ensuring that the company adheres to evolving tax laws and regulations. Regular internal audits and legal consultations help Pfizer maintain the necessary compliance measures(Pfizer_3-9-2015_Pfizer_…).

How does Pfizer, Inc. determine the eligibility criteria for employees to participate in its defined benefit pension plan, and what factors are considered when calculating pension benefits? Furthermore, how does Pfizer, Inc. ensure transparency in communicating these criteria and calculations to its employees?

Eligibility for Pfizer’s defined benefit pension plan is determined by factors such as years of service and employee classification. When calculating pension benefits, Pfizer considers age, salary history, and service duration. The company ensures transparency by providing clear documentation and personalized benefit statements to employees, helping them understand the criteria and calculations affecting their retirement benefits(Pfizer_3-9-2015_Pfizer_…).

What are the potential tax implications for employees of Pfizer, Inc. who choose to retire early and how does this intersect with the company's pension plan offerings? Additionally, what resources does Pfizer, Inc. provide to assist employees in understanding their options and the long-term impact of early retirement on their pension plans?

Employees of Pfizer, Inc. who opt for early retirement may face tax implications such as penalties for early withdrawals or reduced pension payouts. Pfizer provides educational resources, including financial planning tools and access to retirement advisors, to help employees navigate the long-term impacts of early retirement decisions. These resources ensure employees can make informed decisions about their retirement plans(Pfizer_3-9-2015_Pfizer_…).

Can you outline the process that Pfizer, Inc. has in place for employees to appeal decisions related to their pension benefits? What steps are involved, and how does Pfizer, Inc. ensure that this process is accessible and fair to all employees who may wish to challenge a decision regarding their pensions?

Pfizer, Inc. offers a structured process for employees to appeal pension benefit decisions. This process includes filing a formal complaint, undergoing a review by the Benefits Administration team, and potentially escalating to higher management if needed. Pfizer ensures this process is accessible and fair, providing employees with clear guidance on how to challenge pension-related decisions(Pfizer_3-9-2015_Pfizer_…).

How does Pfizer, Inc. integrate career counseling and financial planning resources into the retirement process for employees? Furthermore, what initiatives does Pfizer, Inc. undertake to educate its employees about preparing for retirement beyond the financial aspects, ensuring a holistic approach to the transition into retirement?

Pfizer integrates career counseling and financial planning into its retirement process by offering resources such as access to financial advisors, retirement workshops, and online tools. These initiatives help employees plan for retirement comprehensively, covering not just financial aspects but also lifestyle adjustments and post-retirement career considerations(Pfizer_3-9-2015_Pfizer_…).

What specific benefits does Pfizer, Inc. offer to employees who are nearing retirement age, and how do these benefits differ from those provided to younger employees? Additionally, how does Pfizer, Inc. communicate and promote these benefits to ensure that eligible employees take full advantage of what is available to them as they approach retirement?

Pfizer, Inc. provides specific benefits for employees nearing retirement, such as catch-up contributions to retirement plans and access to enhanced financial counseling. These benefits are communicated through targeted retirement seminars and direct communications to ensure that eligible employees understand the advantages available to them as they approach retirement(Pfizer_3-9-2015_Pfizer_…).

How does Pfizer, Inc. address issues related to underfunding of its pension plan, if applicable, and what measures are taken to mitigate potential risks? What plans does Pfizer, Inc. have in place to ensure that it can meet its pension obligations even in challenging financial environments?

If Pfizer, Inc. faces any underfunding issues in its pension plan, the company takes proactive steps to address the problem by increasing contributions or adjusting plan investment strategies. Pfizer has contingency plans in place to ensure it can meet pension obligations even in financially challenging environments(Pfizer_3-9-2015_Pfizer_…).

In 2024, what key changes to the pension plan within Pfizer, Inc. can employees expect, particularly concerning contribution limits and retirement planning strategies? How does Pfizer, Inc. communicate these changes to its employees to ensure that they are well-informed and able to adjust their retirement planning effectively?

In 2024, Pfizer employees can expect updates to the pension plan concerning contribution limits and retirement strategies, in line with IRS changes. The company communicates these updates through newsletters, online portals, and direct emails to ensure employees stay informed and can adjust their retirement planning accordingly(Pfizer_3-9-2015_Pfizer_…).

If employees at Pfizer, Inc. have questions about their retirement benefits, what is the best way for them to contact the company? Are there specific resources, such as a dedicated help desk, online portal, or contact persons within the Benefits Administration team, that Pfizer, Inc. recommends for providing assistance and further information regarding retirement benefits?

Employees at Pfizer, Inc. who have questions about their retirement benefits can contact the Benefits Administration team directly at the contact details provided. Additionally, Pfizer offers online portals and dedicated help desks, making it easy for employees to get assistance with any retirement-related inquiries(Pfizer_3-9-2015_Pfizer_…).

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

Pfizer provides 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 offers company matching contributions and various investment options such as target-date funds and mutual funds. Pfizer also provides financial planning resources and tools to help employees manage their retirement savings.

Pfizer provides both RSUs and stock options to employees. RSUs vest over time, providing shares, while stock options allow employees to buy shares at a set price.