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Why Verisk Analytics 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 Verisk Analytics. 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 Verisk Analytics 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 Verisk Analytics. 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 Verisk Analytics?

The 401(k) plan at Verisk Analytics is a retirement savings plan that allows employees to save a portion of their salary on a tax-deferred basis.

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

Employees at Verisk Analytics can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

Does Verisk Analytics offer a company match for the 401(k) contributions?

Yes, Verisk Analytics offers a company match for employee contributions to the 401(k) plan, helping employees maximize their retirement savings.

What is the eligibility requirement for Verisk Analytics' 401(k) plan?

Employees at Verisk Analytics typically become eligible for the 401(k) plan after completing a specified period of service, as outlined in the employee handbook.

Can employees at Verisk Analytics change their contribution percentage to the 401(k) plan?

Yes, employees at Verisk Analytics can change their contribution percentage at any time, subject to the plan's guidelines.

What investment options are available in the Verisk Analytics 401(k) plan?

The 401(k) plan at Verisk Analytics offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Is there a vesting schedule for the company match in the Verisk Analytics 401(k) plan?

Yes, Verisk Analytics has a vesting schedule for the company match, which means employees must work for a certain period before they fully own the matched contributions.

How often can employees at Verisk Analytics review their 401(k) account statements?

Employees at Verisk Analytics can review their 401(k) account statements quarterly, and they can also access their account information online at any time.

What happens to the 401(k) plan if an employee leaves Verisk Analytics?

If an employee leaves Verisk Analytics, they can choose to roll over their 401(k) balance into another retirement account, cash out, or leave the funds in the Verisk Analytics plan, subject to the plan's rules.

Are there loans available against the 401(k) plan for employees of Verisk Analytics?

Yes, Verisk Analytics allows employees to take loans against their 401(k) balance, subject to the terms and conditions of the plan.