<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

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

Learn More

Discover the Top 8 California Cities Perfect for Advance Auto Parts Employees to Embrace Retirement Bliss

image-table

Healthcare Provider Update: Healthcare Provider for Advance Auto Parts: Advance Auto Parts offers healthcare benefits through a range of insurance carriers; specific providers may vary by location and plan. Generally, large employers like Advance Auto Parts collaborate with major insurers such as UnitedHealthcare, Anthem (Elevance Health), and others to provide health insurance options to their employees. It's advisable for employees to check specific plan details through their benefits resources for precise provider information. Potential Healthcare Cost Increases in 2026: As Advance Auto Parts prepares for 2026, employees could face significant increases in healthcare costs, driven by a dramatic rise in Affordable Care Act (ACA) premiums. Projections indicate that many states could see hikes exceeding 60%, primarily due to the expiration of enhanced federal premium subsidies and rising medical costs influenced by inflation. Notably, 51% of large employers, including Advance Auto Parts, may implement higher deductibles and out-of-pocket expenses to mitigate these costs, potentially shifting more financial burdens onto employees and complicating access to affordable coverage. Understanding these dynamics will be crucial for employees to effectively manage their healthcare expenses. Click here to learn more

California's diverse landscape, encompassing mountains, beaches, deserts, palm trees, national parks, and consistently sunny weather, has become a significant draw for Advance Auto Parts retirees across the United States. The state's natural beauty and lifestyle options are a major attraction, despite the relatively high cost of living and housing expenses, especially in coastal areas. While California is known for its less favorable tax environment for Advance Auto Parts retirees, many have strategically planned their finances to make the most of what the state has to offer.

To assist in Advance Auto Parts retirement planning, we have compiled a comprehensive list of the best places to retire in California. This list, crafted with the expertise of local real estate professionals, balances various factors such as cost, environment, location, lifestyle, services, and healthcare.

1. Greater Palm Springs : Spanning nine cities, the Coachella Valley offers a variety of options for Advance Auto Parts retirees, including numerous over-55 communities and new developments like Cotino in Rancho Mirage. The median price for a standard home here is around $580,000, with luxury homes in top country clubs averaging about $3.8 million. Palm Springs International Airport provides connectivity, and the cost of living is approximately 31% above the national average. The area also boasts excellent healthcare facilities.

2. Oxnard : This Ventura County city, located near Los Angeles, features beaches, farms, and historic sites. It's the gateway to the Channel Islands National Park and offers a rich cultural scene. The cost of living is about 54% above the national average, but affordable housing options are available, with entry-level homes starting between $350,000 to $600,000.

3. Paso Robles : Situated midway between Los Angeles and San Francisco, this region is known for its wineries, lakes, and hot springs. The median home price was $715,000 as of October 2023. It offers a blend of cultural richness and scenic beauty, with various community options for Advance Auto Parts retirees, including new and affordable housing projects.

4. Torrance : Close to Los Angeles, Torrance is known for its health-focused lifestyle, beaches, and hiking trails. It was ranked among the best cities for retirees in America and one of the healthiest places to live. The median home price is around $1.1 million.

5. Lakeport : In Lake County, known for its excellent air quality and being one of the most affordable places in California, Lakeport offers outdoor activities and community events. The median home price is $339,000, with living costs and healthcare close to national averages.

6. Carmel-by-the-Sea : A picturesque town in Monterey County, it tops the list of best places to retire in California for 2023. The cost of living is 52% above the national average, with a median home price of $2.3 million. It offers a mix of cultural and outdoor activities.

7. Bakersfield : Known for its warm climate and outdoor activities, Bakersfield's cost of living is slightly below the national average. It's recognized for its dry summers, mild winters, and fresh local produce. The median home price is $439,000.

8. Carlsbad : In North San Diego County, Carlsbad is known for its beaches, cultural activities, and small-town atmosphere. While the cost of living is 55% above the national average, the area is appreciated for its natural beauty and healthcare facilities. The median home price is $978,500.

Each of these locations offers unique benefits and challenges, and the choice largely depends on personal preferences and financial considerations. These destinations reflect California's diverse offerings, from luxury options to more affordable, yet still enriching, retirement lifestyles.

Articles you may find interesting:

Loading...

In addition to the picturesque locations and lifestyle amenities, many of these top Advance Auto Parts retirement destinations in California offer robust senior community programs that focus on lifelong learning and enrichment. For instance, places like Carmel-by-the-Sea and Pasadena are home to institutions like community colleges and cultural centers that offer a variety of courses and workshops tailored for retirees. These programs often cover topics from local history to technology, appealing to the intellectually curious and socially active retiree. Engaging in such community-based educational programs not only enhances mental stimulation but also provides opportunities for social interaction, a key aspect of a fulfilling retirement. This aspect is particularly appealing to the target demographic of accomplished professionals and retirees who value continued learning and community engagement. (Source: AARP, 'Lifelong Learning Opportunities in Retirement Communities,' published in 2022).

Discover the best places to retire in California, a guide for those seeking a fulfilling and luxurious retirement lifestyle. Explore our expertly curated list of top retirement destinations, including Palm Springs, Oxnard, Paso Robles, Torrance, Lakeport, Carmel-by-the-Sea, Bakersfield, and Carlsbad. Each location offers unique benefits, from serene coastal living to vibrant cultural scenes, ensuring a rich and diverse Advance Auto Parts retirement experience. Learn about the cost of living, healthcare facilities, and real estate options in these sought-after Californian locales. Ideal for discerning retirees who prioritize quality of life, natural beauty, and a range of activities in their golden years.

Choosing the perfect retirement spot in California is like selecting a fine wine from a prestigious vineyard. Just as a connoisseur appreciates the unique notes and qualities of a vintage, tailored to their palate, retirees can select from California's diverse locales, each offering distinct lifestyles and amenities. Palm Springs, with its vibrant outdoor culture, is akin to a bold Cabernet Sauvignon, full of flavor and depth. Oxnard's coastal serenity resembles a crisp Chardonnay, offering a refreshing and tranquil experience. The historical richness of Paso Robles mirrors a complex Merlot, while the bustling, health-focused lifestyle of Torrance is like a rejuvenating sparkling wine. Lakeport's affordability and natural beauty are comparable to a hidden gem of a Pinot Noir, offering quality without pretense. Carmel-by-the-Sea's artistic charm is akin to a sophisticated Bordeaux blend, rich and layered. Bakersfield, practical and sunny, is like a reliable Zinfandel, while Carlsbad's luxurious coastal living is reminiscent of a top-shelf Champagne. Just as each wine appeals to different tastes, these Californian destinations cater to various retirement dreams, ensuring a fulfilling and enriched golden era.

 

What type of retirement savings plan does Advance Auto Parts offer?

Advance Auto Parts offers a 401(k) retirement savings plan to help employees save for their future.

Can employees at Advance Auto Parts contribute to their 401(k) plan?

Yes, employees at Advance Auto Parts can contribute a portion of their salary to the 401(k) plan.

What is the maximum contribution limit for the Advance Auto Parts 401(k) plan?

The maximum contribution limit for the Advance Auto Parts 401(k) plan is determined by the IRS guidelines, which can change annually.

Does Advance Auto Parts offer any company matching contributions to the 401(k) plan?

Yes, Advance Auto Parts offers a company matching contribution to encourage employees to save for retirement.

When can employees at Advance Auto Parts enroll in the 401(k) plan?

Employees at Advance Auto Parts can typically enroll in the 401(k) plan during their initial eligibility period or during open enrollment periods.

What investment options are available in the Advance Auto Parts 401(k) plan?

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

Is there a vesting schedule for company contributions in the Advance Auto Parts 401(k) plan?

Yes, Advance Auto Parts has a vesting schedule that determines when employees fully own the company contributions made to their 401(k) accounts.

Can employees take loans against their 401(k) savings at Advance Auto Parts?

Yes, employees at Advance Auto Parts may have the option to take loans against their 401(k) savings, subject to the plan's terms.

What happens to my 401(k) savings if I leave Advance Auto Parts?

If you leave Advance Auto Parts, you can roll over your 401(k) savings into another retirement account or leave it in the Advance Auto Parts plan, depending on the plan's provisions.

How can I access my 401(k) account information at Advance Auto Parts?

Employees can access their 401(k) account information through the plan's online portal or by contacting the plan administrator.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Advance Auto Parts announced it would lay off approximately 400 employees as part of a $150 million cost reduction plan. This restructuring includes selling two business units and eliminating several executive positions to streamline operations​ (WRAL TechWire)​​ (WRAL TechWire)​.
New call-to-action

Additional Articles

Check Out Articles for Advance Auto Parts employees

Loading...

For more information you can reach the plan administrator for Advance Auto Parts at 2635 East Millbrook Road Raleigh, CA 27604; or by calling them at (919) 227-5466.

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Advance Auto Parts employees