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Why Globe Life Employees Can Thrive in Retirement Without a Bucket List

The first few years of retirement are frequently a time of transitions for many, including those leaving Globe Life. 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 Globe Life 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 Globe Life. 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 plan does Globe Life offer to its employees?

Globe Life offers a 401(k) retirement savings plan to its employees.

How can employees of Globe Life enroll in the 401(k) plan?

Employees of Globe Life can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

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

Yes, Globe Life provides a matching contribution to employee contributions up to a certain percentage, as outlined in the plan details.

What is the maximum contribution limit for employees participating in Globe Life's 401(k) plan?

The maximum contribution limit for Globe Life's 401(k) plan follows the IRS guidelines, which may change annually. Employees should check the current limits for the specific year.

Can employees of Globe Life take loans against their 401(k) savings?

Yes, Globe Life allows employees to take loans against their 401(k) savings, subject to the terms and conditions of the plan.

Is there a vesting schedule for employer contributions in Globe Life's 401(k) plan?

Yes, Globe Life has a vesting schedule for employer contributions, which means employees must work for a certain period before they fully own the employer's contributions.

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

Globe Life's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How often can employees change their contribution amounts in Globe Life's 401(k) plan?

Employees of Globe Life can change their contribution amounts typically on a quarterly basis or as specified by the plan rules.

Are there any fees associated with Globe Life's 401(k) plan?

Yes, there may be fees associated with Globe Life's 401(k) plan, including administrative fees and investment management fees. Employees should review the plan documents for details.

What happens to an employee's 401(k) account if they leave Globe Life?

If an employee leaves Globe Life, they can choose to roll over their 401(k) balance to another qualified plan, withdraw the funds, or leave the balance in the Globe Life plan if permitted.