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Discover the Top 8 California Cities Perfect for Fortive Employees to Embrace Retirement Bliss

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Healthcare Provider Update: Fortive Corporation partners with various healthcare providers through its Advanced Healthcare Solutions segment, focusing on delivering mission-critical technologies for medical instruments and healthcare facilities. As of 2025, Fortive is well-positioned to navigate the anticipated shifts in healthcare costs and innovations related to connected workflows. Looking ahead to 2026, healthcare costs are expected to rise significantly, potentially impacting many American families. Record premium increases for Affordable Care Act (ACA) marketplace plans are projected, with some state premiums soaring by over 60%. This surge in costs is largely driven by higher medical expenses, the potential cessation of federal premium subsidies, and increased rates from major insurers. Without congressional action to extend these subsidies, many policyholders could see their premiums spike by up to 75%, highlighting the urgent need for consumers to prepare for these financial changes. 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 Fortive 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 Fortive retirees, many have strategically planned their finances to make the most of what the state has to offer.

To assist in Fortive 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 Fortive 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 Fortive 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.

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In addition to the picturesque locations and lifestyle amenities, many of these top Fortive 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 Fortive 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 plan does Fortive offer to its employees?

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

Does Fortive provide a company match for contributions made to the 401(k) plan?

Yes, Fortive provides a company match on employee contributions to the 401(k) plan, enhancing the overall savings potential.

What is the eligibility requirement to participate in Fortive's 401(k) plan?

Employees are eligible to participate in Fortive's 401(k) plan after completing a specified period of employment, typically 30 days.

Can employees at Fortive choose their contribution percentage to the 401(k) plan?

Yes, employees at Fortive can choose their contribution percentage, allowing for flexibility in saving according to their financial goals.

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

Fortive's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How often can employees change their contribution amounts to Fortive's 401(k) plan?

Employees can change their contribution amounts to Fortive's 401(k) plan at any time, subject to plan rules and limits.

Does Fortive allow for loans against the 401(k) balance?

Yes, Fortive's 401(k) plan may allow employees to take loans against their balance, subject to specific terms and conditions.

What happens to my 401(k) account if I leave Fortive?

If you leave Fortive, you can choose to leave your funds in the plan, roll them over to another qualified plan, or withdraw them, subject to tax implications.

Is there a vesting schedule for Fortive's company match in the 401(k) plan?

Yes, Fortive has a vesting schedule for the company match, meaning employees must work for a certain period to fully own the matched contributions.

Can I access my Fortive 401(k) funds in case of financial hardship?

Yes, Fortive allows for hardship withdrawals under certain conditions, following IRS guidelines and plan rules.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Fortive offers a defined benefit pension plan, specifically a cash balance plan, which provides a guaranteed retirement benefit based on a formula that combines elements of both traditional defined benefit plans and defined contribution plans. In a cash balance plan, Fortive credits a participant's account with a set percentage of their annual salary, plus interest, which grows over time. Eligibility typically includes full-time employees who meet certain service or age requirements, although specifics can vary based on employment status and tenure. In recent years, Fortive has adapted its cash balance plan to reflect changes in tax laws and interest rate strategies. For instance, in 2022, the company adjusted its plan interest crediting rates to align with prevailing market conditions and IRS regulations. By 2023 and 2024, Fortive continued to refine these rates to ensure compliance with updated tax laws and to optimize the financial performance of the plan.
Restructuring and Layoffs: In early 2024, Fortive announced a significant restructuring initiative aimed at streamlining its operations and reducing operational redundancies. This move resulted in layoffs affecting approximately 5% of its workforce across various divisions. The restructuring is part of Fortive's broader strategy to optimize its portfolio and focus on core growth areas. This is critical to follow given the ongoing economic volatility and investment uncertainties, which may impact both job security and company performance.
In 2022, Fortive granted stock options and RSUs to key employees and executives. Stock options were performance-based, and RSUs were part of long-term incentives. (Source: Fortive 2022 Annual Report, p. 49)
Health Insurance: Fortive offers a range of health insurance options including medical, dental, and vision coverage. The company provides comprehensive coverage plans with options for employees to choose from based on their needs. Wellness Programs: Fortive emphasizes wellness through programs that may include health screenings, fitness reimbursements, and mental health resources. Flexible Spending Accounts (FSAs): Employees can use FSAs for eligible medical expenses. Employee Assistance Programs (EAPs): Access to confidential counseling services for personal and work-related issues. Company Annual Reports or SEC Filings Benefit Details: Recent reports confirm that Fortive provides competitive health benefits in line with industry standards. They continue to offer robust health insurance packages and wellness programs to support employee well-being. Benefit Trends: There has been a focus on enhancing mental health resources and expanding access to telehealth services.
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