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Why Snap Employees Can Thrive in Retirement Without a Bucket List

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

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

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

Yes, Snap provides a matching contribution to employee 401(k) contributions, subject to certain limits.

What is the eligibility requirement to participate in Snap's 401(k) plan?

Employees at Snap are eligible to participate in the 401(k) plan after completing a specified period of service.

Can Snap employees choose their own contribution amount to the 401(k) plan?

Yes, Snap employees can choose their own contribution amount, within the limits set by the IRS.

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

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

How does Snap communicate changes to the 401(k) plan?

Snap communicates changes to the 401(k) plan through official employee communications, emails, and updates on the company intranet.

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

Yes, Snap has a vesting schedule for its matching contributions, which means employees must work for a certain period to fully own the match.

Can Snap employees take loans against their 401(k) savings?

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

What happens to Snap employees' 401(k) accounts if they leave the company?

If Snap employees leave the company, they can choose to roll over their 401(k) balance to another retirement account or withdraw the funds, subject to tax implications.

Does Snap provide any financial education resources for employees regarding the 401(k) plan?

Yes, Snap offers financial education resources and workshops to help employees understand and maximize their 401(k) savings.

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