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Discover the Best Countries for Intuitive Surgical Retirees: Top Global Destinations for Your Next Adventure

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Evaluating Global Retirement Index (GRI): The Top Places for Retirement

As the year unfolds, the Global Retirement Index (GRI) by the esteemed investment bank Natixis provides invaluable insights into potential retirement destinations for Intuitive Surgical retirees. Examining 44 countries, the GRI accounts for pivotal factors such as health, post-retirement financial security, quality of life, and overall well-being during the golden years. Each country is subsequently rated on a scale, with the apex being 100 points.

To better inform decisions, let's delve deeper into the top five nations according to the GRI:

1. Norway:  Leading the list, Norway scored 81% on the GRI, reclaiming its top position after a brief stint in third place for four years. Although it has seen a dip from its 87% in 2012, Norway's commendable consistency across all four subindices, especially finance, is noteworthy. The country leaped from 25th to eighth place, attributed to its shift to a positive five-year interest rate average. Additionally, advances in life expectancy and insured health expenditure are also worth highlighting. Even though there was a slight surge in unemployment, Norway's robust healthcare infrastructure lends it a sturdy foundation.

2. Switzerland:  With a score of 80%, Switzerland took the second spot, showing a marginal decline from 81% in the preceding year. The most significant decrease emanated from its material well-being metrics, particularly in income equality and unemployment. However, it continues to have the fourth-highest income per capita. The finance sub-index may have seen a slight dip, but Switzerland’s scores in environmental and happiness factors, as well as health expenditure per capita indicators, showcased improvement.

3. Iceland:  Iceland, having achieved the pinnacle in 2021, witnessed a significant drop to 79%, placing it third. The primary determinants for this decline were in its financial and material well-being metrics. A significant contributor to the dip was the upswing in government indebtedness. Yet, it still achieved second place in income equality and boasted commendable scores in environmental and happiness metrics.

4. Ireland:  Consistently at fourth place, Ireland recorded a GRI score of 76%, marking a minor drop from 78% the previous year. The decline primarily stemmed from its finances and material well-being. While there was a surge in unemployment and income equality metrics, Ireland still boasts the third-highest income per capita globally. The nation also secured remarkable placements in the happiness and health indices, propelled by its air quality and environmental initiatives, and advancements in health expenditure.

5. Australia:  Completing the top five, Australia posted a score of 75%, a slight decrease from 76% in 2021. The downtrend, akin to other countries, is mainly attributed to its financial and material well-being indices. However, there was a discernible decline in its quality of life metrics. Australia's achievements in income per capita and unemployment metrics were offset by a diminished income equality score. Yet, the nation boasts some of the most impressive air quality metrics, albeit with a minimal uptick in environmental initiatives. The strength of its healthcare infrastructure, with life expectancy being a predominant factor, has solidified its place in the top five.

The United States' Position:

A pivotal inquiry remains – where does the U.S. stand? The nation has settled at the 18th position, descending to 69% from 71% in 2021. The primary contributors to this placement are unemployment and income equality metrics. While the U.S. secured the sixth-highest income per capita, this was overshadowed by its subpar performance in income equality. Factors like government indebtedness, old-age dependency, and tax pressures further dragged the U.S. down the list. On a positive note, the nation saw an uplift in its life expectancy metrics for 2022, with the highest score in health expenditure per capita and the fourth-highest in insured health expenditure globally. This implies that while there is a decline in finance and material well-being, quality of life, encapsulating healthcare, environmental, and happiness factors, is showing signs of amelioration.

According to the World Health Organization's Global Age-friendly Cities Guide published in 2007, the environment plays a crucial role in determining the health and well-being of older individuals. The infrastructure, services, and community connections in a country can significantly influence retirees' quality of life. For Intuitive Surgical professionals considering retirement, it's essential to evaluate not just a nation's ranking on indices but also its compatibility with age-friendly infrastructures. This includes ease of transportation, accessible healthcare facilities, and opportunities for social engagement, ensuring a fruitful and active retirement.

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In conclusion, while each country has its strengths and areas of improvement, this index serves as a guide for Intuitive Surgical employees considering their retirement options. With a holistic understanding of each nation’s standing, Intuitive Surgical employees are better equipped to make informed decisions for their future.

Selecting a country to retire in is much like choosing the perfect wine for a connoisseur's collection. Norway is the vintage Bordeaux - consistently exquisite with a history of rich offerings. Switzerland and Iceland are akin to fine Chardonnays, providing elegance and a hint of robust adventure. Ireland resembles a well-aged Cabernet, deep in tradition yet with layers of modern vibrancy. Australia, with its sunny disposition, can be likened to a crisp Sauvignon Blanc. Meanwhile, the U.S., though a popular choice like a classic Pinot Noir, doesn't quite make it to the top shelf in this year's selection. Choose wisely for the perfect Intuitive Surgical retirement toast.

What type of retirement savings plan does Intuitive Surgical offer to its employees?

Intuitive Surgical offers a 401(k) retirement savings plan to help employees save for their future.

Is there a company match for contributions to the 401(k) plan at Intuitive Surgical?

Yes, Intuitive Surgical provides a company match for employee contributions to the 401(k) plan, subject to specific terms and conditions.

How can I enroll in the 401(k) plan at Intuitive Surgical?

Employees can enroll in the 401(k) plan at Intuitive Surgical by completing the enrollment process through the company’s benefits portal or contacting HR for assistance.

What is the eligibility requirement for participating in Intuitive Surgical's 401(k) plan?

To participate in Intuitive Surgical's 401(k) plan, employees typically need to meet certain eligibility requirements, such as being a full-time employee and completing a specified period of service.

Can I change my contribution amount to the 401(k) plan at Intuitive Surgical?

Yes, employees at Intuitive Surgical can change their contribution amounts to the 401(k) plan at any time, subject to the plan's guidelines.

What investment options are available in Intuitive Surgical's 401(k) plan?

Intuitive Surgical's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

When can I access my 401(k) funds after leaving Intuitive Surgical?

After leaving Intuitive Surgical, employees can access their 401(k) funds according to the plan's distribution rules, which may include options like rollovers or cash withdrawals.

Does Intuitive Surgical offer financial advice for 401(k) participants?

Yes, Intuitive Surgical may provide access to financial advisors or resources to help employees make informed decisions about their 401(k) investments.

Are there any fees associated with Intuitive Surgical's 401(k) plan?

Yes, there may be fees associated with Intuitive Surgical's 401(k) plan, which can include administrative fees and investment-related fees, as outlined in the plan documents.

How often can I review my 401(k) account at Intuitive Surgical?

Employees can review their 401(k) account at Intuitive Surgical as often as they like, typically through the online benefits portal.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Intuitive Surgical offers a comprehensive 401(k) plan known as the "Intuitive Surgical, Inc. 401(k) Plan." This is a defined contribution plan, meaning that employees can contribute a portion of their salary into the plan, and Intuitive Surgical may also contribute, particularly through profit-sharing based on the company’s earnings. The 401(k) plan allows participants to direct the investment of their accounts, with options including default investments for those who do not make specific selections. This plan was established to help employees save for retirement, and it provides flexibility in how funds can be managed and withdrawn, particularly in situations requiring a Qualified Domestic Relations Order (QDRO). The company also provides life and disability insurance at no cost to the employees and a stock purchase plan, allowing employees to buy Intuitive Surgical stock at a discounted rate. The 401(k) plan is administered by Intuitive Surgical itself, with the headquarters located in Sunnyvale, California. For years of service and age qualification for the 401(k) plan, the company follows standard practices where employees become eligible to participate upon meeting certain age and service requirements, though specific details on this aspect are typically found in the plan's summary documents.
In 2023 and 2024, Intuitive Surgical has experienced financial restructuring driven by the evolving economic environment. They have not announced large-scale layoffs, but there has been a steady focus on cost optimization​ (Intuitive Surgical)​ (Intuitive Surgical). The company has also revised long-term incentive plans and stock-based compensation, including phantom share awards for employees in China. These changes are tied to strategic performance metrics, which could impact the company’s workforce and benefits as it aligns with its financial goals​ (Intuitive Surgical).
Intuitive Surgical (ISRG) offers stock options and Restricted Stock Units (RSUs) through its 2010 Incentive Award Plan. Eligible employees, particularly in leadership and key roles, receive annual grants of stock options and RSUs. In 2022, RSUs with a target value of $1.5 million were granted to senior executives, aligning compensation with company performance. For 2023 and 2024, the company continues to offer RSUs and stock options to incentivize long-term retention, primarily to executives and employees in strategic roles.
Health Insurance and Healthcare Navigation: Intuitive provides comprehensive health, dental, and vision insurance, including telehealth services. Employees have access to Accolade, a healthcare navigator, which helps them manage medical inquiries and navigate the complexities of the healthcare system​ (Intuitive Surgical Careers)​ (Intuitive Surgical Careers). Mental Health and Emotional Support: Employees and their families can access mental health services through Lyra, which offers 12 free sessions per year. The platform is designed to streamline the process of finding the right therapist based on individual preferences​ (Intuitive Surgical Careers)​ (Intuitive Surgical Careers). Family Planning and Fertility Services: Intuitive offers fertility support through Progyny and Maven, providing in-vitro fertilization (IVF), surrogacy support, and postpartum care. These services include access to a network of fertility specialists and comprehensive pregnancy support​ (Intuitive Surgical Careers)​ (Intuitive Surgical Careers). Cancer and Chronic Disease Support: Employees benefit from specialized support services for cancer and chronic diseases like diabetes and obesity. They have access to second opinions and personalized treatment plans, along with concierge support for navigating complex care​ (Intuitive Surgical Careers)​ (Intuitive Surgical Careers). Other Notable Benefits: Intuitive provides gender-affirming care, virtual physical therapy, weight management programs, and services for caregivers. Employees also receive 8 weeks of paid parental leave, flexible time off, and coverage for surrogacy up to $20,000
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For more information you can reach the plan administrator for Intuitive Surgical at , ; or by calling them at .

https://investor.intuitivesurgical.com/news-releases/news-release-details/intuitive-announces-fourth-quarter-earnings-3 https://www.mddionline.com/robotics/intuitive-surgical-s-latest-acquisition-is-just-one-piece-of-a-much-bigger-puzzle https://wraltechwire.com/2023/08/03/robotic-surgery-manufacturer-closing-durham-operation-91-face-layoffs/ https://www.massdevice.com/johnson-johnson-cuts-nearly-350-surgical-robotics-jobs/ https://www.milliman.com/en/insight/interest-rates-pension-plans-implement-liability-driven-investment-strategy https://www.daypitney.com/insights/publications/2023/11/3-irs-publishes-2024-pension-plan-limitations/ https://valueyourpension.com/pbgc-vs-irc-vs-gatt-interest-rates-and-present-value-calculation-methods/ https://www.foxrothschild.com/publications/interest-rate-hikes-present-challenge-for-fully-funded-pension-plans https://www.milliman.com/en/ https://isrg.intuitive.com/node/19916/html https://careers.intuitive.com/en/employee-stories/benefits/five-intuitive-benefits-that-help-employees-thrive/ https://isrg.intuitive.com/investors-calculator https://www.fidelity.com/learning-center/personal-finance/retirement/company-stock https://creativeplanning.com/insights/financial-planning/how-to-use-the-net-unrealized-appreciation-nua-strategy-in-your-401k/ https://carlsoncap.com/articles/nua-net-unrealized-appreciation/ https://www.stordahlcap.com/insights/understanding-net-unrealized-appreciation-nua-and-its-tax-benefits https://qdro.com/retirement-qdro/INTUITIVE-SURGICAL-INCORPORATED-401K-PLAN/ https://simpleqdro.com/retirement-plans/INTUITIVE-SURGICAL-INCORPORATED-401K-PLAN/ https://investor.intuitivesurgical.com/sec-filings/sec-filing/10-k/0001035267-23-000019

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