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The first few years of retirement are frequently a time of transitions for many, including those leaving Primerica. 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 Primerica 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 Primerica. 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 Primerica offer to its employees?
Primerica offers a 401(k) retirement savings plan to help employees save for their future.
How can I enroll in Primerica's 401(k) plan?
Employees can enroll in Primerica's 401(k) plan through the company's HR portal or by contacting the HR department for assistance.
Does Primerica provide any matching contributions to the 401(k) plan?
Yes, Primerica offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.
What investment options are available in Primerica's 401(k) plan?
Primerica's 401(k) plan includes a variety of investment options, such as mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.
Can I change my contribution percentage to Primerica's 401(k) plan?
Yes, employees can change their contribution percentage at any time by accessing their account through the HR portal.
Is there a vesting schedule for Primerica's 401(k) matching contributions?
Yes, Primerica has a vesting schedule for its matching contributions, which means employees must work for a certain period to fully own those contributions.
What is the maximum contribution limit for Primerica's 401(k) plan?
The maximum contribution limit for Primerica's 401(k) plan follows the IRS guidelines, which are updated annually.
Can I take a loan against my 401(k) with Primerica?
Yes, Primerica allows employees to take loans against their 401(k) balance under specific conditions outlined in the plan documents.
What happens to my 401(k) account if I leave Primerica?
If you leave Primerica, you can choose to roll over your 401(k) balance to another retirement account, cash it out, or leave it in the Primerica plan if permitted.
How often can I change my investment options within Primerica's 401(k) plan?
Employees can change their investment options in Primerica's 401(k) plan at any time, subject to the plan's trading policies.