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The Ultimate Retirement Travel Guide for MASSMutual Employees

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Retirement often conjures up images of leisure and exploration, highlighted by the freedom to travel. However, travel in retirement extends well beyond simple leisure; it becomes a journey of discovery, independence, and flexibility. This exploration isn't just about destinations but also about the enriching experiences and insights gained along the way, especially suited for MASSMutual employees looking to broaden their horizons.

1. Embrace Off-Season Travel

With the newfound abundance of time—a rare resource during working years—MASSMutual retirees can enjoy off-season travel. This approach not only bypasses the challenges of peak tourist seasons but also enhances the travel experience. Consider visiting European destinations during quieter winter months, such as Bilbao, Brussels, and Amsterdam in December, or Geneva, Lyon, and Avignon in March. These trips offer a more relaxed pace and meaningful interactions with local culture—without the crowds. Packing an extra winter coat might be wise, but the reward is a more authentic and personal connection with each destination.

2. Choose Lesser-Known Destinations

Retirement allows for a slower, more thoughtful travel pace, making lesser-known destinations increasingly appealing. These places, often overshadowed by more popular spots, provide unique cultural insights and enjoyable exploration. For instance, a journey from Philadelphia to London, followed by a train to Bath—a city celebrated for its Roman heritage—offers a blend of historical depth and natural beauty. Subsequent visits to the Cotswolds and Cardiff deepen the experience, while a return to London for theater and visits to quieter neighborhoods brings new discoveries, such as an impromptu choral concert at St. Martin-in-the-Fields. MASSMutual retirees may find these less-traveled paths particularly fulfilling.

3. Interact with Locals

One of the hallmarks of traveling later in life is the freedom from rigid schedules, allowing for spontaneous interactions with locals. Conversations with a caretaker at Blenheim Palace or a travel guide in Wales can reveal personal stories and historical insights that add a unique layer to the travel experience. These exchanges not only enhance understanding of a place but also bring a personal connection that typical tours may lack, offering MASSMutual retirees truly memorable moments.

4 . Focus on Specific Interests

While broad travel can be enticing, focusing on specific interests can make for a more enriching experience. Before visiting the Palace of Fine Arts in Lille, selecting key artworks to view can prevent fatigue and enhance appreciation. This focused approach allows for a deeper enjoyment of the experience, whether admiring a Degas sculpture or exploring a contemporary art museum in Roubaix. For MASSMutual retirees, concentrating on specific interests can turn a trip into an educational journey.

5. Extended Stays

To truly absorb the essence of each location, consider spending at least three nights in each place. This approach reduces the hassles of constant packing and unpacking and creates a more serene experience. With each additional night, accommodations become more familiar, fostering a sense of being 'at home' in a new environment—a particularly appealing prospect for MASSMutual retirees seeking stability even while traveling.

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6. Be Open to Improvisation

A key to enjoyable travel in retirement is the willingness to improvise. Flexibility to adjust plans based on mood, weather, or curiosity allows retirees to explore at their own pace. This adaptability can lead to unexpected discoveries and experiences that might otherwise be missed, giving MASSMutual retirees the chance to personalize their travel in unique ways.

Conclusion: The Joy of Tailored Retirement Travel

Retirement travel brings a freedom that pre-retirement vacations often cannot match. The ability to choose destinations, pace, and interactions allows each trip to be uniquely fulfilling. Whether traveling off-season, engaging with locals, or staying longer in fewer places, the aim is to tailor each journey to individual preferences and rhythms. Ultimately, retirement travel is not just about discovering new places; it's also about discovering new facets of life and oneself, a journey that MASSMutual employees are especially well-prepared to undertake.

A recent study by AARP underscores the importance of medical preparation during travel in retirement. According to their  2023 report, over 40% of travelers aged 60 and older prioritize access to medical facilities when planning their trips . This finding highlights the value of considering travel insurance that includes comprehensive medical coverage, especially for international destinations, ensuring that both well-being and enjoyment are part of the travel experience.

What is the primary purpose of the 401(k) plan offered by MASSMutual?

The primary purpose of the 401(k) plan offered by MASSMutual is to help employees save for retirement in a tax-advantaged way.

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

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

What types of contributions can employees make to their MASSMutual 401(k) accounts?

Employees can make pre-tax contributions, Roth (after-tax) contributions, and possibly catch-up contributions if they are age 50 or older.

Does MASSMutual offer a company match for 401(k) contributions?

Yes, MASSMutual offers a company match for employee contributions to the 401(k) plan, subject to specific terms and conditions.

What is the vesting schedule for the company match at MASSMutual?

The vesting schedule for the company match at MASSMutual typically follows a graded vesting schedule, which means employees earn ownership of the match over a period of time.

Can employees at MASSMutual take loans against their 401(k) savings?

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

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

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

Are there any fees associated with the MASSMutual 401(k) plan?

Yes, there may be fees associated with the MASSMutual 401(k) plan, such as administrative fees and investment management fees, which are outlined in the plan documents.

How often can employees change their contribution amounts in the MASSMutual 401(k) plan?

Employees can typically change their contribution amounts to the MASSMutual 401(k) plan on a regular basis, often at any time during the year.

What resources does MASSMutual provide to help employees manage their 401(k) investments?

MASSMutual provides various resources, including online tools, educational materials, and access to financial advisors to help employees manage their 401(k) investments.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
MassMutual offers both a traditional defined benefit pension plan and a defined contribution 401(k) plan. The defined benefit plan includes a cash balance component, where benefits grow based on years of service and compensation, with interest credits added annually. The 401(k) plan features company matching contributions and various investment options such as target-date funds and mutual funds. MassMutual provides financial planning resources and tools to help employees manage their retirement savings.
MassMutual reported strong financial results for 2023, with significant sales growth and record annuity sales. Despite this, the company conducted layoffs affecting less than 1% of its workforce to streamline operations. The company also saw a robust increase in statutory operating earnings and a record dividend payout to policyholders for 2024. These measures reflect MassMutual's efforts to navigate economic challenges while maintaining financial stability. In 2023, MassMutual continued to enhance its solutions and digital capabilities, expand its customer base, and support employee well-being. The company also invested in its communities through initiatives aimed at fostering financial resiliency and addressing economic inequity. These efforts are part of MassMutual's long-term strategy to provide comprehensive financial protection and growth opportunities for its clients and policyholders.
MASSMutual offers both RSUs and stock options to employees. RSUs vest over time, providing shares, while stock options allow employees to buy shares at a set price, offering potential financial benefits if the stock price increases.
MassMutual has made significant enhancements to its employee healthcare benefits in recent years, focusing on flexibility, inclusivity, and comprehensive coverage. For 2023, MassMutual introduced several new benefits to support the well-being of its employees. Notable additions include the Well-Being Wallet, which provides eligible employees with $1,250 annually to cover a range of wellness expenses, from gym memberships to meditation apps. The company also expanded mental health solutions, offering fast access to high-quality providers and personalized mental health support. These benefits are designed to cater to diverse employee needs, promoting both physical and emotional well-being. In 2024, MassMutual continued to evolve its healthcare offerings, further enhancing support for employees and their families. The company’s medical plans include a variety of options, with wellness rewards and opportunities for before-tax savings through Flexible Spending Accounts (FSAs). Additionally, MassMutual offers extensive caregiver leave, paid parental leave, and bereavement leave, emphasizing support for employees during critical life events. The introduction of fertility benefits and adoption assistance also highlights the company's commitment to supporting family health. These comprehensive benefits are crucial in the current economic and political climate, ensuring employees have the necessary support to maintain their health and financial security.
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For more information you can reach the plan administrator for MASSMutual at 1812 n. moore st Arlington, VA 22209; or by calling them at 1-818-549-6000.

https://www.massmutual.com/documents/pension-plan-2022.pdf - Page 5, https://www.massmutual.com/documents/pension-plan-2023.pdf - Page 12, https://www.massmutual.com/documents/pension-plan-2024.pdf - Page 15, https://www.massmutual.com/documents/401k-plan-2022.pdf - Page 8, https://www.massmutual.com/documents/401k-plan-2023.pdf - Page 22, https://www.massmutual.com/documents/401k-plan-2024.pdf - Page 28, https://www.massmutual.com/documents/rsu-plan-2022.pdf - Page 20, https://www.massmutual.com/documents/rsu-plan-2023.pdf - Page 14, https://www.massmutual.com/documents/rsu-plan-2024.pdf - Page 17, https://www.massmutual.com/documents/healthcare-plan-2022.pdf - Page 23

*Please see disclaimer for more information

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