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Constellation Brands Employees: Discover the Rising Trend of 'Work for Pleasure' in Your Retirement Journey

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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 Constellation Brands. 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 Constellation Brands career. Advisors who want to fulfill their Constellation Brands 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 Constellation Brands 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 Constellation Brands offer to its employees?

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

Does Constellation Brands match employee contributions to the 401(k) plan?

Yes, Constellation Brands provides a matching contribution for eligible employees who participate in the 401(k) plan.

What is the maximum contribution limit for the Constellation Brands 401(k) plan?

The maximum contribution limit for the Constellation Brands 401(k) plan aligns with IRS guidelines, which can change annually.

Are there any vesting schedules for the Constellation Brands 401(k) matching contributions?

Yes, Constellation Brands has a vesting schedule for matching contributions, which determines how much of the employer match you own based on your years of service.

Can employees of Constellation Brands take loans against their 401(k) savings?

Yes, employees may have the option to take loans against their 401(k) savings, subject to the plan's rules and limits.

What investment options are available in the Constellation Brands 401(k) plan?

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

How can employees at Constellation Brands enroll in the 401(k) plan?

Employees can enroll in the Constellation Brands 401(k) plan through the company's HR portal or by contacting the HR department for assistance.

Is there an automatic enrollment feature in the Constellation Brands 401(k) plan?

Yes, Constellation Brands may offer an automatic enrollment feature for new employees, automatically enrolling them in the 401(k) plan at a specified contribution rate.

What happens to my Constellation Brands 401(k) if I leave the company?

If you leave Constellation Brands, you can choose to roll over your 401(k) balance to another retirement account, cash out, or leave it in the plan if allowed.

Can employees at Constellation Brands change their contribution percentage to the 401(k) plan?

Yes, employees can change their contribution percentage to the Constellation Brands 401(k) plan at any time, subject to the plan's rules.

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For more information you can reach the plan administrator for Constellation Brands at 207 High Point Drive Victor, NY 14564; or by calling them at (585) 678-7100.