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Why Spire 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 Spire. 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 Spire 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 Spire. 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 Spire?

The 401(k) plan at Spire is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

Does Spire offer a matching contribution for the 401(k) plan?

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

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

Spire employees can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

What is the eligibility requirement for Spire’s 401(k) plan?

To be eligible for Spire’s 401(k) plan, employees typically need to be full-time employees and meet a minimum service requirement.

What types of investment options are available in Spire’s 401(k) plan?

Spire’s 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to diversify their portfolios.

Can Spire employees change their contribution percentage to the 401(k) plan?

Yes, Spire employees can change their contribution percentage at any time, subject to the plan’s guidelines.

What is the maximum contribution limit for Spire’s 401(k) plan?

The maximum contribution limit for Spire’s 401(k) plan is in accordance with IRS guidelines, which may change annually.

Does Spire allow for loans against the 401(k) plan?

Yes, Spire allows employees to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan.

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

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

How often can Spire employees review their 401(k) statements?

Spire employees can review their 401(k) statements quarterly, and they can also access their account online at any time.