Healthcare Provider Update: Offers health insurance, dental, vision, life, and disability coverage, along with Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). Employees also receive paid holidays, sick leave, and access to wellness programs and supplemental insurance options like long-term care and pet insurance 1. With ACA premiums projected to rise by 1518% in 2026 and enhanced subsidies set to expire, Clear Channels employer-sponsored benefitsespecially tax-advantaged FSAs and HSAsoffer a more stable and cost-effective alternative to increasingly expensive marketplace plans. Click here to learn more
A recent Fidelity Investments poll illuminates new trends in the ever-changing retirement planning landscape. Notably, 66% of respondents envision a phased-in approach to retirement, which deviates from the conventional full-stop strategy. This choice shows a shift towards flexible retirement solutions across generations, as evidenced by the significant interest shown by both Gen Zers and millennials.
The wide-ranging implications of this trend point to the necessity of flexibility in retirement advice and planning when preparing to retire from Clear Channel Outdoor Holdings. The departure from traditional retirement models highlights a more comprehensive reassessment of retirement goals and work-life balance, reflecting shifting perspectives toward the end of your Clear Channel Outdoor Holdings career. Advisors who want to fulfill their Clear Channel Outdoor Holdings clients' complex needs must have a thorough understanding of these preferences as retirement planning continues to change.
A growing number of retirees who desire social connection and intellectual stimulation in addition to financial security are adopting the idea of 'Work for Pleasure' in phased retirement, a viable option for Clear Channel Outdoor Holdings employees.
According to an American Psychological Association study, continuing to work after retirement can enhance mental well-being, increase life satisfaction, and facilitate the transition to complete retirement. Retirement is now seen as a new chapter with opportunity for learning, growth, and contribution rather than as an end. This is especially true for seasoned professionals from high-ranking roles.
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Retirement is becoming less and less like the unexpected curtain call at the end of a play and more like a well planned art display. Similar to how an exhibition progressively moves from one theme and era to another, providing visitors with an extensive array of experiences, the modern retirement trip, as defined by Fidelity Investments, takes place in stages. With this method, people can combine the elegant brushstrokes of their personal passions and hobbies with their professional creations. Today's retirees and soon-to-be retirees find joy and fulfillment in doing work that pleases them, much like an artist who paints for the love of art even after their formal career has concluded. This is creating a retirement experience that is as nuanced and fulfilling as a well-curated gallery.
What type of retirement savings plan does Clear Channel Outdoor Holdings offer to its employees?
Clear Channel Outdoor Holdings offers a 401(k) retirement savings plan to its employees.
Is Clear Channel Outdoor Holdings' 401(k) plan available to all employees?
Yes, the 401(k) plan at Clear Channel Outdoor Holdings is available to all eligible employees.
Does Clear Channel Outdoor Holdings match employee contributions to the 401(k) plan?
Yes, Clear Channel Outdoor Holdings provides a matching contribution to employee 401(k) plan contributions, subject to certain limits.
What is the maximum contribution limit for the 401(k) plan at Clear Channel Outdoor Holdings?
The maximum contribution limit for the 401(k) plan at Clear Channel Outdoor Holdings is in accordance with IRS guidelines, which may change annually.
Can employees of Clear Channel Outdoor Holdings take loans against their 401(k) savings?
Yes, Clear Channel Outdoor Holdings allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.
What investment options are available in the Clear Channel Outdoor Holdings 401(k) plan?
The Clear Channel Outdoor Holdings 401(k) plan offers a variety of investment options, including mutual funds and target-date funds.
When can employees of Clear Channel Outdoor Holdings start contributing to their 401(k) plan?
Employees of Clear Channel Outdoor Holdings can typically start contributing to their 401(k) plan after completing a specified period of employment.
Does Clear Channel Outdoor Holdings provide educational resources for employees regarding their 401(k) plan?
Yes, Clear Channel Outdoor Holdings offers educational resources and tools to help employees understand their 401(k) plan options.
How can employees of Clear Channel Outdoor Holdings access their 401(k) account information?
Employees can access their 401(k) account information through the online portal provided by Clear Channel Outdoor Holdings' plan administrator.
Are there any fees associated with the 401(k) plan at Clear Channel Outdoor Holdings?
Yes, there may be fees associated with the 401(k) plan at Clear Channel Outdoor Holdings, which are disclosed in the plan documents.