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The first few years of retirement are frequently a time of transitions for many, including those leaving NortonLifeLock. 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 NortonLifeLock 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 NortonLifeLock. 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 NortonLifeLock?
The 401(k) plan at NortonLifeLock is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
Does NortonLifeLock offer a matching contribution for the 401(k) plan?
Yes, NortonLifeLock offers a matching contribution to the 401(k) plan, which helps employees increase their retirement savings.
How can I enroll in the 401(k) plan at NortonLifeLock?
Employees can enroll in the NortonLifeLock 401(k) plan through the company’s HR portal during the enrollment period or after a qualifying event.
What are the eligibility requirements for the 401(k) plan at NortonLifeLock?
To be eligible for the NortonLifeLock 401(k) plan, employees typically need to be full-time employees and meet a minimum service requirement.
Can I change my contribution rate for the NortonLifeLock 401(k) plan?
Yes, employees can change their contribution rate for the NortonLifeLock 401(k) plan at any time, subject to plan rules.
What investment options are available in the NortonLifeLock 401(k) plan?
The NortonLifeLock 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 the NortonLifeLock 401(k) matching contributions?
Yes, NortonLifeLock has a vesting schedule for matching contributions, which determines how much of the employer contributions you own based on your years of service.
How can I access my 401(k) account information at NortonLifeLock?
Employees can access their 401(k) account information through the NortonLifeLock benefits portal or by contacting the plan administrator.
What happens to my NortonLifeLock 401(k) if I leave the company?
If you leave NortonLifeLock, you can choose to roll over your 401(k) balance to another qualified plan, cash it out, or leave it in the NortonLifeLock plan if eligible.
Are loans available from the NortonLifeLock 401(k) plan?
Yes, employees may have the option to take loans from their NortonLifeLock 401(k) plan, subject to specific terms and conditions.