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Why CVS Health 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 CVS Health. 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 CVS Health 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 CVS Health. 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 type of retirement savings plan does CVS Health offer to its employees?

CVS Health offers a 401(k) retirement savings plan to help employees save for their future.

How can CVS Health employees enroll in the 401(k) plan?

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

Does CVS Health provide a company match for contributions to the 401(k) plan?

Yes, CVS Health offers a company match on employee contributions to the 401(k) plan, helping to enhance retirement savings.

What is the maximum contribution limit for the CVS Health 401(k) plan?

The maximum contribution limit for the CVS Health 401(k) plan is determined by the IRS and may change annually; employees should check the current limits for the specific year.

Can CVS Health employees change their contribution percentage to the 401(k) plan?

Yes, employees at CVS Health can change their contribution percentage at any time through the online benefits portal.

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

The CVS Health 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Is there a vesting schedule for CVS Health's company match in the 401(k) plan?

Yes, CVS Health has a vesting schedule for the company match, which means employees must meet certain service requirements to fully own the matched funds.

Can CVS Health employees take loans against their 401(k) savings?

Yes, CVS Health allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.

What happens to a CVS Health employee's 401(k) if they leave the company?

If a CVS Health employee leaves the company, they have several options for their 401(k), including rolling it over to another retirement account, cashing it out, or leaving it with CVS Health.

How often can CVS Health employees review their 401(k) account statements?

CVS Health employees can review their 401(k) account statements online at any time, as well as receive periodic statements via mail.

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