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New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

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Why Coherent Employees Can Thrive in Retirement Without a Bucket List

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Healthcare Provider Update: Healthcare Provider for Coherent Coherent, Inc. is affiliated with health insurance providers such as UnitedHealthcare and Anthem BCBS, but specific information on any exclusive partnerships or particular health plans for Coherent's employees may vary based on regional availability and employer arrangements. Potential Healthcare Cost Increases in 2026 As the Affordable Care Act (ACA) approaches 2026, significant premium hikes are anticipated, influenced by rising healthcare costs and the potential expiration of federal subsidies. Many consumers could see their out-of-pocket expenses soar by over 75%, as reported by the Kaiser Family Foundation-reflecting a perfect storm of increasing medical prices and insurance provider rate hikes. Healthcare consumers should be prepared for substantial out-of-pocket costs, as insurers like UnitedHealthcare and Anthem are projecting substantial increases in premiums, with states like New York potentially experiencing as much as a 66.4% rise in health insurance costs. Taking proactive steps now can help mitigate the financial impact in the coming year. Click here to learn more

The first few years of retirement are frequently a time of transitions for many, including those leaving Coherent. 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 Coherent 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 Coherent. 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 401(k) plan offered by Coherent?

Coherent offers a 401(k) plan that allows employees to save for retirement through pre-tax contributions, helping them build a nest egg for the future.

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

Employees at Coherent can enroll in the 401(k) plan during the onboarding process or during the annual open enrollment period by accessing the benefits portal.

Does Coherent match employee contributions to the 401(k) plan?

Yes, Coherent provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

What is the maximum contribution limit for Coherent's 401(k) plan?

The maximum contribution limit for Coherent's 401(k) plan is in line with IRS guidelines, which are updated annually. Employees should check the latest limits for the current year.

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

Yes, Coherent allows employees to take loans against their 401(k) savings, subject to certain terms and conditions outlined in the plan documents.

What investment options are available in Coherent's 401(k) plan?

Coherent's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees diversify their portfolios.

When can employees at Coherent start withdrawing from their 401(k) accounts?

Employees at Coherent can typically start withdrawing from their 401(k) accounts at age 59½, though there are provisions for hardship withdrawals and loans.

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

Yes, Coherent has a vesting schedule for matching contributions, which means employees must work for the company for a certain period before they fully own the matched funds.

How often can employees at Coherent change their 401(k) contribution amounts?

Employees at Coherent can change their 401(k) contribution amounts at any time, subject to the plan's guidelines and policies.

What resources does Coherent provide to help employees understand their 401(k) plan?

Coherent provides educational resources, including seminars, webinars, and access to financial advisors to help employees understand their 401(k) plan and make informed decisions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Coherent has announced a significant restructuring plan that includes a reduction of 10% of its global workforce and changes to its pension plan. The company is shifting its focus to high-growth areas, which necessitates these workforce adjustments.
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For more information you can reach the plan administrator for Coherent at 5100 Patrick Henry Drive Santa Clara, CA 95054; or by calling them at (408) 764-4000.

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