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The first few years of retirement are frequently a time of transitions for many, including those leaving WeWork. 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 WeWork 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 WeWork. 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 plan does WeWork offer to its employees?
WeWork offers a 401(k) retirement plan to help employees save for their future.
Does WeWork match employee contributions to the 401(k) plan?
Yes, WeWork provides a matching contribution to the 401(k) plan, subject to certain limits.
How can WeWork employees enroll in the 401(k) plan?
WeWork employees can enroll in the 401(k) plan through the employee benefits portal or by contacting the HR department for assistance.
What is the eligibility requirement for WeWork employees to participate in the 401(k) plan?
Generally, WeWork employees are eligible to participate in the 401(k) plan after completing a specified period of employment, as outlined in the employee handbook.
Can WeWork employees change their contribution percentage to the 401(k) plan?
Yes, WeWork employees can change their contribution percentage at any time during the year, subject to certain limitations.
What investment options are available in WeWork's 401(k) plan?
WeWork's 401(k) plan offers a variety of investment options, including mutual funds and other investment vehicles, allowing employees to choose based on their risk tolerance and retirement goals.
Does WeWork provide financial education resources for employees regarding their 401(k) plan?
Yes, WeWork offers financial education resources and workshops to help employees understand their 401(k) options and make informed decisions.
What happens to my 401(k) plan if I leave WeWork?
If you leave WeWork, you have several options for your 401(k) plan, including rolling it over to an IRA or a new employer's plan, cashing it out, or leaving it with WeWork until you reach retirement age.
Are there any fees associated with WeWork's 401(k) plan?
Yes, WeWork's 401(k) plan may have certain administrative fees and investment-related expenses, which are disclosed in the plan documents.
How often can WeWork employees contribute to their 401(k) plan?
WeWork employees can contribute to their 401(k) plan through payroll deductions, which occur with each paycheck.