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Discover the Best Places for Belden Employees to Retire in New England

Healthcare Provider Update: Belden offers health, dental, and vision insurance, along with life and disability coverage. Employees benefit from a 401(k) retirement plan, stock purchase options, and paid time off. The company promotes a culture of inclusion and community engagement, with wellness programs and education assistance available. Beldens total rewards program is designed to support employees physical, financial, and emotional well-being3. Belden With ACA premiums projected to rise sharply in 2026, Beldens comprehensive benefits and inclusive culture help employees avoid the financial strain of marketplace plans. The companys emphasis on preventive care and wellness education further reduces long-term healthcare costs. Click here to learn more

Despite New England's reputation for high living costs, difficult tax laws, and harsh winters, this region continues to attract retirees with its beautiful seasons and rich historical backdrop. According to a national movers research conducted annually by United Van Lines, Vermont and Rhode Island were the most popular retirement locations in the United States in 2023. This realization inspires a closer look at the area's retirement appeal, considering factors such as cost of living, safety, access to healthcare, and cultural vibrancy, especially for Belden employees.

Connecticut: The Twofold Allure of Middletown

Beginning in Connecticut, Middletown, with an average family income of $90,731, is a prime example of the typical high-cost Northeastern municipality. The average income for residents 65 years of age and above is $47,599. Despite these figures, Middletown continues to attract retirees, especially because of its connection to Wesleyan University. By providing low-cost and free educational options through the Wesleyan Institute for Lifelong Learning, the university enriches the town's cultural landscape. With violent crime rates at a low 0.99 per 1,000 population, this area is significantly safer than nearby Hartford, where rates are 5.68 per 1,000.

Maine: The Urban Charm of Portland Amid Natural Magnificence

Portland, Maine, offers a desirable blend of access to the outdoors and metropolitan conveniences. Its downtown is lively, home to theaters, museums, and a wide variety of restaurants. The famous L.L. Bean store in Freeport, which is near the city, attracts both residents and visitors. In addition to beaches, the area provides winter sports like cross-country skiing and snowshoeing, as well as outdoor pursuits like fishing and kayaking, making it an attractive spot for Belden employees seeking an active retirement.

Massachusetts: The Affordability of Pittsfield in a Cultural Center

In an otherwise pricey state, Pittsfield, Massachusetts, offers a more affordable option. The cost of living in the town is significantly less than that of large cities like Cambridge and Boston. Here, the average home value is $282,706, substantially less than the statewide average. Pittsfield is also known for its vibrant cultural environment, further enhanced by neighboring establishments like the Tanglewood Music Center and MASS MoCA.

Laconia, New Hampshire: Lakeside Living

With Gunstock Mountain Resort close by, Laconia, New Hampshire, nestled between Lake Winnipesaukee and Winnisquam Lake, offers a wealth of recreational possibilities. The local crime rate reflects the low state average of 1.26 crimes per 1,000 residents. Notable tax perks also exist here; New Hampshire grants exemptions from the state's interest and dividend taxes in addition to not taxing Social Security benefits, making it an attractive location for Belden retirees.

Rhode Island: The Creative and Intellectual Offerings of Providence

For retirees engaged in creative and intellectual endeavors, Providence, Rhode Island, is a notable destination. The city is home to the Rhode Island School of Design and Brown University, and it boasts a booming restaurant scene, numerous cultural events, and educational options. With Providence's average home value of $382,032 and the state's average effective property tax rate of 1.53%, retirees should exercise caution when considering the state's higher-than-average property tax rates.

Vermont: The Academically Rich and Eco-Friendly Burlington Environment

Nestled on the shores of Lake Champlain, Burlington, Vermont, is popular among environmentally conscious retirees due to its thriving local food movement and establishments such as Seventh Generation. Numerous outdoor activities, including biking, hiking, and water sports, are available in the city. Vermont is financially challenging due to its high taxes and cost of living. In Burlington, the average home value is $512,485, and nursing home costs are very high. Nonetheless, a significant educational benefit is added by the University of Vermont, which grants free tuition to state residents 65 and older, a great perk for Belden employees seeking continued learning.

Decisions Driven by Data

These decisions are supported by thorough data analysis:

Costs of living information is sourced from Payscale.com.

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Articles you may find interesting:

Point2homes.com provides average income figures for those 65 years of age and above.
The U.S. Census Bureau provides information on healthcare facilities, household incomes, and poverty rates.
The scores for physical and community well-being are from Sharecare and Gallup, components of the larger Gallup-Sharecare Well-Being Index.

This comprehensive analysis of retirement locations in New England reveals a complex yet alluring world for seniors. When weighing economic and safety factors against cultural diversity, scenic beauty, and educational options, New England presents a compelling option for Belden employees seeking a rewarding post-retirement lifestyle.

New England boasts some of the best healthcare facilities in the country, an important consideration for retirees. Boston's Massachusetts General Hospital ranked among the country's top five hospitals in U.S. News & World Report's 2023 rankings. For retirees who place a high value on their health and wellness, proximity to first-rate medical care ensures access to excellent healthcare services as they age.

Choosing the right retirement location in New England is akin to selecting a fine vintage wine. Retirees appreciate Middletown, Portland, Pittsfield, Laconia, Providence, and Burlington for their rich cultural offerings, historical significance, and tranquil landscapes, just as a connoisseur values a wine's complex flavors, elegant aging process, and regional characteristics. Each location promises a fulfilling retirement with its own balance of safety, healthcare accessibility, and recreational options, making them excellent choices for Belden employees.

What is the primary purpose of Belden's 401(k) Savings Plan?

The primary purpose of Belden's 401(k) Savings Plan is to help employees save for retirement by allowing them to contribute a portion of their salary on a tax-deferred basis.

How can employees enroll in Belden's 401(k) Savings Plan?

Employees can enroll in Belden's 401(k) Savings Plan by accessing the benefits portal or contacting the HR department for guidance on the enrollment process.

What types of contributions can employees make to Belden's 401(k) Savings Plan?

Employees can make pre-tax contributions, Roth (after-tax) contributions, and may also be eligible for employer matching contributions in Belden's 401(k) Savings Plan.

Is there a company match for contributions made to Belden's 401(k) Savings Plan?

Yes, Belden offers a company match for employee contributions to the 401(k) Savings Plan, which helps employees increase their retirement savings.

What is the vesting schedule for employer contributions in Belden's 401(k) Savings Plan?

The vesting schedule for employer contributions in Belden's 401(k) Savings Plan typically follows a graded vesting schedule, which means employees earn ownership of the contributions over a specified period.

Can employees change their contribution percentage at Belden?

Yes, employees can change their contribution percentage to Belden's 401(k) Savings Plan at any time, usually through the benefits portal or by contacting HR.

What investment options are available in Belden's 401(k) Savings Plan?

Belden's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

At what age can employees begin to withdraw from Belden's 401(k) Savings Plan without penalties?

Employees can begin to withdraw from Belden's 401(k) Savings Plan without penalties at age 59½, provided they meet other plan requirements.

What happens to an employee's 401(k) balance if they leave Belden?

If an employee leaves Belden, they can choose to roll over their 401(k) balance to another retirement account, withdraw the funds, or leave the balance in the plan if allowed.

Does Belden's 401(k) Savings Plan allow loans against the account?

Yes, Belden's 401(k) Savings Plan may allow employees to take loans against their account balance, subject to specific terms and conditions outlined in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

In 2024, Belden announced a significant restructuring plan, which includes layoffs and the consolidation of some manufacturing operations. The company is aiming to streamline its operations and reduce costs amid challenging market conditions. This restructuring involves a substantial reduction in workforce, with a focus on optimizing production and supply chain processes.

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For more information you can reach the plan administrator for Belden at 1 North Brentwood Blvd St. Louis, MO 63105; or by calling them at +1 314-854-8000.