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Why CenterPoint Energy 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 CenterPoint Energy. 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 CenterPoint Energy 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 CenterPoint Energy. 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 purpose of the 401(k) Savings Plan at CenterPoint Energy?

The purpose of the 401(k) Savings Plan at CenterPoint Energy is to help employees save for retirement by allowing them to contribute a portion of their paycheck to a tax-advantaged account.

How can I enroll in the 401(k) Savings Plan at CenterPoint Energy?

Employees can enroll in the 401(k) Savings Plan at CenterPoint Energy by completing the enrollment process through the company’s benefits portal during the enrollment period.

What types of contributions can I make to my 401(k) at CenterPoint Energy?

At CenterPoint Energy, employees can make pre-tax contributions, Roth (after-tax) contributions, and catch-up contributions if eligible.

Does CenterPoint Energy offer a company match for the 401(k) contributions?

Yes, CenterPoint Energy offers a company match for employee contributions to the 401(k) Savings Plan, which helps to enhance retirement savings.

What is the maximum contribution limit for the 401(k) at CenterPoint Energy?

The maximum contribution limit for the 401(k) at CenterPoint Energy is subject to IRS limits, which may change annually. Employees should check the current limits for the specific year.

When can I start withdrawing funds from my 401(k) at CenterPoint Energy?

Employees can start withdrawing funds from their 401(k) at CenterPoint Energy upon reaching age 59½, or under certain circumstances such as financial hardship or termination of employment.

Are there penalties for early withdrawal from the 401(k) at CenterPoint Energy?

Yes, early withdrawals from the 401(k) at CenterPoint Energy may incur penalties and taxes unless specific exceptions apply, such as disability or financial hardship.

How often can I change my contribution amount to the 401(k) at CenterPoint Energy?

Employees at CenterPoint Energy can change their contribution amount to the 401(k) Savings Plan at any time, subject to the plan's guidelines.

What investment options are available in the CenterPoint Energy 401(k) Savings Plan?

The CenterPoint Energy 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.

Can I take a loan against my 401(k) at CenterPoint Energy?

Yes, CenterPoint Energy allows employees to take loans against their 401(k) balance, subject to the plan's terms and conditions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
CenterPoint Energy announced a restructuring plan that includes a reduction of its workforce by 5% and the freezing of its pension plan. The company is also shifting to a defined-contribution retirement plan for new employees.
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For more information you can reach the plan administrator for CenterPoint Energy at 1111 Louisiana St. Houston, TX 77002; or by calling them at 1-713-207-1111.

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