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ManTech International Employees: Navigating the Downsizing Journey in Retirement for a Simpler Life

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Kay and Jim Schlembach are exemplary figures in the growing trend of later-life downsizing. After Jim concluded a distinguished 62-year career, the couple moved from their spacious 3,200-square-foot home in Clifton Park, New York, to a more manageable 850-square-foot condo in Richmond, Virginia. Their decision reflects a significant and often challenging decision-making process about aging and living arrangements, driven by a desire to simplify their lives without burdening their children.


The National Association of Realtors notes that baby boomers represent the majority of home sellers and buyers in the U.S., a trend mirrored in the experiences of many ManTech International retirees.  The Schlembachs' property attracted over 200 visitors and ten offers above the asking price shortly after listing, highlighting the strong demand for smaller, more manageable living spaces.

Downsizing is a decision influenced by emotional, physical, economic, and geographic considerations. Understanding your home's value is a critical first step, achievable through online tools and consultations with local real estate experts. Choosing an agent should focus on professional expertise and knowledge of the local market, as these factors greatly influence the success of the sale.

Professional guidance can be invaluable during the complex process of selling a home.  While 10% of homeowners opt to sell without an agent, saving on commission costs, this choice can lead to lower sale prices, increased effort, and additional stress.  Recent changes in real estate law have also made commission rates more negotiable, potentially affecting the cost of selling your home.


Understanding today's housing market is crucial. Jerome Powell, chairman of the Federal Reserve, has indicated a market shortage, complicating downsizing plans. The costs associated with downsizing, including higher prices for smaller homes and increased taxes and fees, should not be underestimated.

Preparation for moving, including decluttering to fit into a smaller space, is essential and can facilitate the moving process and enhance your home’s marketability. Effective staging can lead to a quicker and more profitable sale.

Deciding to downsize earlier provides greater freedom and flexibility. Delaying this decision can make it more urgent, particularly as one's mental and physical capabilities diminish. It is also important to understand the original cost basis of your home and potential tax implications of selling, like capital gains tax. Unexpected costs, such as those from developments in states favorable to retirees, can make moving financially impractical.

Downsizing involves a series of complex decisions and preparations, all of which should be carefully considered to ensure a wise choice in the long term. This includes assessing market conditions, preparing the property for sale, understanding financial implications, and considering personal readiness for such a change.

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Local economic trends significantly affect property values, and retirees looking to sell their homes should consider these trends. A U.S. Census Bureau estimate from 2022 suggests that areas with an increasing senior population often see heightened demand for smaller, more manageable homes. Timing property sales correctly can maximize financial returns, helping retirees secure a more comfortable and stable retirement.

Leverage our comprehensive resource to learn from experts about retirement downsizing. Discover effective strategies for listing your home, recognizing market trends, and making informed financial decisions. This guide provides insightful advice for retirees, especially those from ManTech International, aiming to simplify their living arrangements while maximizing property value. From choosing the right real estate agent to understanding tax implications and organizing tips, ensure a smoother transition into retirement with these practical insights and real-life examples.

Selling your home to downsize in retirement is similar to an experienced skipper setting sail for a more tranquil harbor. Just as a captain relies on nautical charts, weather forecasts, and knowledge of their ship before leaving a bustling port, retirees must consider market trends, financial impacts, and practical steps in selling their homes. Each decision, from selecting the right agent to timing the market and organizing your home, smoothens the transition to retirement living, securing your financial future and peace of mind.

What is the 401(k) plan offered by ManTech International?

The 401(k) plan at ManTech International is a retirement savings plan that allows employees to save a portion of their salary before taxes are deducted.

Does ManTech International match employee contributions to the 401(k) plan?

Yes, ManTech International offers a matching contribution to employee 401(k) accounts, which helps employees grow their retirement savings.

How can employees enroll in the 401(k) plan at ManTech International?

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

What are the eligibility requirements for participating in ManTech International's 401(k) plan?

Generally, all full-time employees of ManTech International are eligible to participate in the 401(k) plan after completing a specified waiting period.

Can employees of ManTech International change their contribution rate to the 401(k) plan?

Yes, employees at ManTech International can change their contribution rate at any time, subject to the plan's guidelines.

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

ManTech International offers a variety of investment options in its 401(k) plan, including mutual funds, target-date funds, and other investment vehicles.

Is there a vesting schedule for the employer match in ManTech International's 401(k) plan?

Yes, ManTech International has a vesting schedule for employer matching contributions, which means employees must work for a certain period to fully own those contributions.

When can employees of ManTech International access their 401(k) funds?

Employees of ManTech International can access their 401(k) funds upon reaching retirement age, or in certain circumstances such as hardship withdrawals or loans.

How does ManTech International communicate changes to the 401(k) plan?

ManTech International communicates changes to the 401(k) plan through employee newsletters, the company intranet, and direct emails to employees.

Are there any fees associated with ManTech International's 401(k) plan?

Yes, like most 401(k) plans, ManTech International's plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.

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For more information you can reach the plan administrator for ManTech International at , ; or by calling them at .

*Please see disclaimer for more information

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