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

Why Moody's Employees Can Thrive in Retirement Without a Bucket List

Healthcare Provider Update: Healthcare Provider for Moody's: Moody's Corporation itself is primarily a financial services company known for its analytical and credit rating services. It does not operate as a healthcare provider. However, within the healthcare sector, it analyzes health insurers and hospital systems, assessing their financial viability and operational performance. Healthcare Cost Increases in 2026: In 2026, healthcare costs are projected to soar, driven by several interlinked factors. A significant sunset of enhanced Affordable Care Act (ACA) subsidies could lead to out-of-pocket premiums skyrocketing by over 75% for many consumers. Compounding this, record-breaking requests for premium increases -with some states reporting hikes of over 60% -reveal an industry grappling with heightened medical expenses and operational pressures. Insurers, even with reported profits exceeding $31 billion, face the reality that escalating rates and diminishing financial support threaten the affordability of healthcare coverage for millions moving forward. Click here to learn more

The first few years of retirement are frequently a time of transitions for many, including those leaving Moody's. 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 Moody's 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 Moody's. 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 Moody's offer to its employees?

Moody's offers a 401(k) savings plan to help employees save for retirement.

How can employees enroll in Moody's 401(k) plan?

Employees can enroll in Moody's 401(k) plan through the company's benefits portal during the enrollment period.

Does Moody's match employee contributions to the 401(k) plan?

Yes, Moody's provides a matching contribution to employee 401(k) accounts, subject to certain limits.

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

The maximum contribution limit for Moody's 401(k) plan is in line with IRS guidelines, which can change annually.

Can employees at Moody's take loans against their 401(k) savings?

Yes, Moody's allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.

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

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

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

Employees can change their contribution amounts to Moody's 401(k) plan at any time, subject to plan rules.

What happens to my 401(k) savings if I leave Moody's?

If you leave Moody's, you can roll over your 401(k) savings into another qualified retirement account or leave it in the plan, depending on the balance.

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

Yes, Moody's has a vesting schedule for matching contributions, which determines when employees fully own those funds.

Can employees at Moody's access their 401(k) savings before retirement?

Employees at Moody's may access their 401(k) savings before retirement under certain circumstances, such as financial hardship.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Name of Plan: Moody's does not appear to have a traditional defined benefit pension plan but instead offers a 401(k) plan. Years of Service and Age Qualification: Specific details on years of service and age qualifications may not be applicable as there is no traditional pension plan. Pension Formula: Not applicable. Who Qualifies: Employees are typically eligible for benefits under the 401(k) plan rather than a pension plan. Name of Plan: Moody’s 401(k) Retirement Plan. Who Qualifies: Employees who meet the eligibility requirements can participate. Typically, full-time employees are eligible to participate in the 401(k) plan. Contribution Details: Employees can contribute a percentage of their salary, and Moody’s may offer a matching contribution.

Restructuring and Layoffs: Moody's Corporation announced a significant restructuring initiative in early 2023 aimed at streamlining operations and reducing costs. This restructuring included the elimination of several positions across various departments. The decision was driven by a need to enhance operational efficiency and adapt to changing market conditions. The layoffs affected both senior and junior roles, emphasizing the company's strategic shift towards more agile and streamlined operations.

Company Filings: Look at Moody’s annual reports (10-K) and quarterly reports (10-Q) filed with the SEC. These documents often contain detailed information on stock options and RSUs. Investor Relations: Visit Moody’s Investor Relations website. They usually provide access to annual reports, earnings releases, and proxy statements that include details about compensation packages. Financial News Websites: Sites like Bloomberg, Yahoo Finance, or Reuters may have articles or reports about Moody’s compensation practices and stock options. SEC EDGAR Database: Search for Moody’s filings in the EDGAR database for detailed financial and compensation information.

2023 Adjustments: Moody’s made adjustments to their healthcare plans in 2023 to offer more flexible options, including increased contributions to HSAs and expanded telemedicine services. 2024 Initiatives: For 2024, Moody’s has introduced new wellness programs and enhanced mental health support as part of their benefits package. This includes expanded access to counseling and mental health resources. General Trends: Moody’s is aligning with broader trends in the industry towards more flexible and employee-centric healthcare solutions, emphasizing mental health and preventive care.