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

Why Pool Employees Can Thrive in Retirement Without a Bucket List

Healthcare Provider Update: Provides medical, dental, and vision coverage, FSAs, HSAs with company contributions, and mental health benefits 4. With ACA costs rising, PoolCorps preventive care and wellness incentives help employees manage healthcare expenses proactively. Click here to learn more

The first few years of retirement are frequently a time of transitions for many, including those leaving Pool. 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 Pool 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 Pool. Discover how embracing an unstructured retirement can lead to increased contentment and pleasure, setting the stage for a rewarding future.

Featured Video

Articles you may find interesting:

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 Pool?

The 401(k) plan offered by Pool is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out, helping them to build a nest egg for their future.

Does Pool offer a matching contribution for its 401(k) plan?

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

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

Employees at Pool can enroll in the 401(k) plan by completing the enrollment form available through the HR portal or by contacting the HR department for assistance.

What are the eligibility requirements to participate in Pool's 401(k) plan?

To participate in Pool's 401(k) plan, employees must be at least 21 years old and have completed one year of service with the company.

Can employees at Pool change their contribution percentage for the 401(k) plan?

Yes, employees at Pool can change their contribution percentage at any time by submitting a request through the HR portal.

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

Pool's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock, allowing employees to choose based on their risk tolerance.

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

Yes, Pool has a vesting schedule for matching contributions, which means that employees must work for a certain number of years before they fully own the matched funds.

How often can employees at Pool access their 401(k) account statements?

Employees at Pool can access their 401(k) account statements quarterly through the online portal.

What happens to my 401(k) plan if I leave Pool?

If you leave Pool, you can choose to roll over your 401(k) balance to another retirement account, cash it out, or leave it in the Pool plan if you meet the eligibility requirements.

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

Yes, there may be administrative fees associated with Pool's 401(k) plan, which are disclosed in the plan documents provided to employees.