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Why Ashland Employees Can Thrive in Retirement Without a Bucket List

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The first few years of retirement are frequently a time of transitions for many, including those leaving Ashland. It is a critical period that can influence the next few decades financially and emotionally. At the age of sixty-six, Wall Street Journal distinguished editor Stephen Kreider Yoder announced his retirement. His wife, sixty-seven-year-old Karen Kreider Yoder, followed suit. Their experiences, highlighted in the 'Retirement Rookies' column each month, demonstrate a departure from conventional retirement preparation. They emphasize crafting adaptable, meaningful experiences that serve as a foundation for future undertakings over following predetermined bucket lists.


This approach to retirement highlights a larger movement among individuals reimagining their post-employment years. By focusing on personal development and continual exploration, retirees can ensure a fuller, more satisfying experience. This narrative offers invaluable insights for Ashland employees looking to maximize their life-changing retirement years.

Recent studies by the American Psychological Association (APA) underline the advantages of the Yoders' method of unstructured retirement planning. The research indicates that retirees adhering rigidly to their pre-planned bucket lists report lower levels of satisfaction and fulfillment compared to those who engage in activities based on their own interests and whims. This suggests that a flexible retirement lifestyle can lead to more fulfilling and significant experiences, an important consideration as employees transition from structured careers to the freedom of retirement.


In the Retirement Rookies column, Stephen and Karen Kreider Yoder share their journeys and offer a fresh perspective on retirement planning. Learn why they're passing on typical bucket lists in favor of flexible, meaningful experiences, and how this strategy might enhance your post-work years at Ashland. Discover how embracing an unstructured retirement can lead to increased contentment and pleasure, setting the stage for a rewarding future.

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Forgoing a conventional retirement plan is akin to sailing a ship without a defined course. Retirees like the Yoders choose to navigate the waters of their golden years with the liberty to uncover new horizons as they appear, rather than charting every port of call. This method, much like a sailor discovering new adventures in uncharted waters, allows them to encounter unexpected joys and experiences, enriching each day with personal growth and satisfaction.

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

The primary purpose of Ashland's 401(k) Savings Plan is to help employees save for retirement by providing a tax-advantaged way to invest a portion of their income.

How can Ashland employees enroll in the 401(k) Savings Plan?

Ashland employees can enroll in the 401(k) Savings Plan by accessing the employee benefits portal or contacting the HR department for assistance.

Does Ashland offer a matching contribution for its 401(k) Savings Plan?

Yes, Ashland offers a matching contribution to the 401(k) Savings Plan, which helps employees maximize their retirement savings.

What types of investment options are available in Ashland's 401(k) Savings Plan?

Ashland's 401(k) Savings Plan typically offers a variety of investment options, including mutual funds, target-date funds, and company stock.

At what age can Ashland employees start withdrawing from their 401(k) Savings Plan without penalties?

Ashland employees can start withdrawing from their 401(k) Savings Plan without penalties at age 59½.

Can Ashland employees take loans against their 401(k) Savings Plan balance?

Yes, Ashland allows employees to take loans against their 401(k) Savings Plan balance, subject to certain terms and conditions.

How often can Ashland employees change their contribution percentage to the 401(k) Savings Plan?

Ashland employees can change their contribution percentage to the 401(k) Savings Plan at any time, subject to plan rules.

Is there a vesting schedule for Ashland's 401(k) matching contributions?

Yes, Ashland has a vesting schedule for matching contributions, which determines how much of the employer contributions employees are entitled to based on their years of service.

Can Ashland employees roll over funds from another retirement account into the 401(k) Savings Plan?

Yes, Ashland employees can roll over funds from other qualified retirement accounts into the Ashland 401(k) Savings Plan.

What is the maximum contribution limit for Ashland's 401(k) Savings Plan?

The maximum contribution limit for Ashland's 401(k) Savings Plan is set by the IRS and may change annually; employees should check the latest guidelines for the specific limit.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Ashland has announced a major restructuring plan aimed at streamlining operations and reducing costs. This includes significant layoffs and the consolidation of certain business units. Additionally, there are expected changes to employee benefits and pension plans.
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For more information you can reach the plan administrator for Ashland at 50 E RiverCenter Blvd #1900 Covington, KY 41011; or by calling them at +1 859-815-3333.

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