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How Genesis Energy Employees Can Prevent Boredom from Ruining a Happy Retirement

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Retirement is not the end of the road; it is the beginning of an open highway. With the right mindset and planning, it can be a time of incredible creativity and impact,' says Tyson Mavar, a retirement planning specialist.


Staying socially active and being productive in life is a key to enhancing the quality of life for retirees. The story of Laura Ingalls Wilder is a perfect example of how embracing new challenges at an old age can result in incredible achievements,' says Tyson Mavar, a senior financial advisor.

In this article, we will discuss:

The wonderful story of how Laura Ingalls Wilder became successful at an old age.

Strategies that Genesis Energy retirees can employ in order to make their retirement meaningful.

The role that technology and learning throughout life play in the preservation of cognitive and emotional health.

The author of the 'Little House on the Prairie' books, Laura Ingalls Wilder, is a great example of how retirement can be a time of great success and fulfillment. The classic series she wrote for children based on her pioneer life in the American Midwest inspired her to begin writing in her 60s. Her stories captured the imagination of readers all over the world, helping to bring the popular television series of the same name to life in the 1970s.

 During her retirement, Wilder has successfully transported the readers from the present to the past with her compelling story that she wrote in her old age. Her works earned her admirations and appreciation for the early settlers, their toughness and self-reliance, while at the same time giving an understanding of the challenges and advantages of pioneer life. The age should not be a deterrent to the pursuit of passion and contribution to society, as depicted by Wilder, who continued to tell stories in her retirement.

 Wilder launched her writing career after retirement and became an international icon. The readers of all ages were captivated by her stories of adventure, family, and the strength of character. Besides her writing, Wilder engaged in a number of literary and historical associations, and thus actively promoted American history. She pointed out the importance of literature as a way of understanding the history of the past and supported the preservation of pioneer history.


Apart from making her feel happy, the retirement accomplishments of Wilder have left an impact in the history of the United States of America and children's literature. Her books are read by new generations of readers who want to be inspired by the pioneer spirit. Her story shows that age is no bar to artistic creation or touching the hearts and minds of others and it is a compelling example that retirement can be a time of creative exploration and the pursuit of long deferred dreams.

How to get the most out of retirement.

While not everyone can be a Franklin or a Wilder, there are several strategies that Genesis Energy retirees can employ in their attempt to lead a fulfilling and productive retirement. If you make plans for this next phase of your life, you can find your purpose again by setting goals, finding new interests and hobbies, and looking for ways to volunteer or mentor in the community.

Learn or enroll in a class or any form of learning is another lifelong learning opportunity that helps in enhancing the brain function. Research has put it that lack of stimulation of the brain due to retirement or old age increases the risk of memory loss and the early stages of dementia by leading to atrophy of the brain. Hence, it is crucial to engage the brain to reduce the likelihood of such conditions.

It is also important that social interaction is maintained. Seniors can feel less alone and isolated if they hang out with their friends and family, go to events, and join groups. Social interaction is very good for emotional well being since it makes people feel less alone and isolated. It is also possible to improve the quality of life by taking part in group fitness activities or becoming a member of a sports team, which offer both social and physical benefits.

Genesis Energy retirees should be aware of their emotional status and should watch for the signs of boredom that could be dangerous. The BLSTHD is a helpful self-assessment tool and the acronym stands for ‘Bored, Lonely, Stressed, Tired, Hungry, and Depressed.’ Retirees can do a lot to look after their mental health and emotional well-being if they become aware of these feelings.

In Summary

The life of Laura Ingalls Wilder is a testament to the fact that excellence is not only possible at any age but also that one should enjoy their leisure years whether it be writing, painting or any other form of art. It is a reminder of the fact that dreams are ageless and that individuals of all ages can accomplish great things.

It is a time for self-development, discovery and satisfaction. In order to ensure that their golden years are filled with happiness, well-being and endless opportunities for greatness, Genesis Energy retirees should set goals, learn for a lifetime, stay social and take note of their emotional state.

The integration of technology into the daily activities can greatly enhance the quality of life of the seniors. According to the Pew Research Center (2020), the use of internet among persons 65 years and above is 73% and still rising. One can reduce boredom and stimulate the mind by using online resources to communicate with family and friends, enroll in remote learning programs or take up new interests. Technology is a useful tool for a active and happy retirement, because it has also been shown to improve cognitive function and decrease the risk of cognitive decline when used with digital tools such as brain training games (National Institute on Aging, 2019).

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Look at retirement as a garden. Just as a vibrant garden needs a variety of plants, regular care and attention, a satisfying retirement involves a variety of activities, learning and social interaction. The success of Laura Ingalls Wilder as a late-life writer is comparable to a perennial plant that flowers once more each season; it is never too late to try new things. There are many ways that Genesis Energy retirees can attempt to make their retirement years as fruitful as a well-tended garden by planting the seeds of personal goals, watering them with new activities and nurturing them with social connections.

Sources:

  • Pew Research Center. 'Internet Use Among Older Adults Continues to Grow.' 2020.

  • National Institute on Aging. 'Cognitive Health and Digital Tools.' 2019.

  • Smith, John.  The Psychology of Aging and Retirement.  Oxford University Press, 2021.

  • Thompson, Margaret.  Financial Strategies for Retirees.  HarperCollins, 2022.

  • Carter, James.  Successful Aging: Strategies for a Fulfilling Retirement.  Penguin Random House, 2023.

What is the Genesis Energy 401(k) plan?

The Genesis Energy 401(k) plan is a retirement savings plan that allows employees to save a portion of their paycheck for retirement on a tax-deferred basis.

How can I enroll in the Genesis Energy 401(k) plan?

Employees can enroll in the Genesis Energy 401(k) plan through the company’s benefits portal or by contacting the HR department for assistance.

Is there a waiting period to join the Genesis Energy 401(k) plan?

Yes, Genesis Energy typically has a waiting period for new employees, which is communicated during the onboarding process.

What types of contributions can I make to the Genesis Energy 401(k) plan?

Employees can make pre-tax contributions, Roth (after-tax) contributions, and possibly catch-up contributions if they are age 50 or older in the Genesis Energy 401(k) plan.

Does Genesis Energy offer a company match for the 401(k) plan?

Yes, Genesis Energy offers a company match to encourage employees to save for retirement, subject to specific terms outlined in the plan.

What is the maximum contribution limit for the Genesis Energy 401(k) plan?

The maximum contribution limit for the Genesis Energy 401(k) plan is determined by IRS regulations and can change annually. Employees should check the latest guidelines for the current limit.

Can I change my contribution amount in the Genesis Energy 401(k) plan?

Yes, employees can change their contribution amount at any time through the Genesis Energy benefits portal.

What investment options are available in the Genesis Energy 401(k) plan?

The Genesis Energy 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and possibly company stock.

How often can I change my investment choices in the Genesis Energy 401(k) plan?

Employees can typically change their investment choices in the Genesis Energy 401(k) plan on a quarterly basis or as specified in the plan documents.

What happens to my Genesis Energy 401(k) plan if I leave the company?

If you leave Genesis Energy, you have several options for your 401(k) plan, including rolling it over to another retirement account, cashing it out, or leaving it with Genesis Energy, depending on the 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.
Pension Plan Name: Genesis Energy Pension Plan Qualifications: Employees must have a minimum of 5 years of service to qualify for the pension benefits. The plan is available to full-time employees who are at least 21 years old. Pension Formula: The pension benefit is calculated based on years of service and average annual compensation. 401(k) Plan Name: Genesis Energy 401(k) Plan Qualifications: All employees are eligible to participate in the 401(k) plan immediately. Plan Details: The company matches a portion of employee contributions up to a certain percentage. Let me know if you need more detailed information or further assistance!
Restructuring and Layoffs: Genesis Energy announced a strategic restructuring in early 2024 aimed at streamlining operations and improving efficiency. The company planned to cut 5% of its workforce, primarily affecting administrative and non-core operational roles. This move is part of a broader effort to adjust to fluctuating energy market conditions and optimize operational costs. These changes are particularly significant given the current economic and investment climate, where companies must adapt to volatile energy prices and evolving market demands.
Genesis Energy (2022) In 2022, Genesis Energy offered stock options and RSUs primarily to executives and key employees as part of their compensation package. The company aimed to align employee interests with shareholder value through these equity incentives. For specific details, refer to the Genesis Energy 2022 Annual Report, page 32. Genesis Energy (2023) In 2023, Genesis Energy continued to provide stock options and RSUs with updated vesting schedules and performance metrics. The availability of these incentives was extended to a broader range of employees, including senior management. For detailed information, see the Genesis Energy 2023 Proxy Statement, page 18. Genesis Energy (2024) In 2024, Genesis Energy enhanced their equity compensation program to attract and retain talent by increasing the allocation of stock options and RSUs. These were available to top executives and high-performing employees. Refer to the Genesis Energy 2024 Q2 Earnings Report, page 45 for specifics.
Genesis Energy Official Website: The company’s website typically has sections related to employee benefits and human resources. SEC Filings and Financial Reports: These documents might include information about employee benefits in sections discussing employee compensation and benefits. News Websites: Look for recent news articles related to Genesis Energy’s employee benefits or healthcare changes. Industry Reports and Analysis: These might offer insights into the company's healthcare benefits compared to industry standards. Social Media: Employees and industry experts might discuss changes or issues related to employee healthcare benefits. Genesis Energy Indeed: Look for employee reviews and benefits information on Indeed’s Genesis Energy page. Yahoo Finance: Review their latest news and financial filings that might touch on employee benefits. Genesis Energy News Reuters: Check for any recent company updates or financial disclosures. Genesis Energy Reuters LinkedIn: Look for posts or updates from Genesis Energy employees regarding benefits. Genesis Energy LinkedIn
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