Healthcare Provider Update: Patterson offers medical, dental, vision, life, and disability insurance, along with HSAs and FSAs. Employees benefit from a 401(k) plan, paid time off, and voluntary benefits like accident and hospital indemnity coverage. The company subsidizes approximately 75% of healthcare costs and provides legal and identity theft protection 9. Patterson With ACA premiums expected to surge, Pattersons subsidized healthcare and flexible coverage options help employees maintain affordable access to care. Click here to learn more
Retirement is a significant phase of life where the choice of an ideal location involves various factors beyond mere convenience. Medical accessibility, recreational opportunities, community involvement, and safety play crucial roles in determining the suitability of a haven for Patterson retirees. While Florida remains one of the most popular retirement destinations in the U.S., Arizona has emerged as equally attractive for those seeking a blend of comfort, ease, and natural beauty.
Arizona's importance as a retirement destination is confirmed by recent results from
Realtor.com
, which ranked Green Valley, Arizona, as the second-best retirement spot in 2024. This ranking marks a notable improvement from its fourth position in 2023, primarily due to the region's natural attractions, including bird-watching opportunities in Madera Canyon. Located about 30 miles south of Tucson in Pima County, Green Valley was founded in the 1960s and currently has approximately 20,000 permanent residents with an average age of 74. The community is specially designed for retirees, with 83% of real estate listings considered retirement-friendly and an average listing value of $350,000.
The market dynamics observed during the COVID-19 pandemic, where remote work became widespread, allowed individuals to adopt a retirement lifestyle prematurely. According to
Stacey Bell,
a realtor at Long Realty Company/Luxury Portfolio International, the current real estate market is more balanced, facilitating an in-depth exploration for future buyers. Bell highlights the phenomenon by noting, 'Quality homes continue to sell quickly, but now is the time to explore the market thoroughly.'
Green Valley offers more than just beautiful scenery and suitable housing; it is rich in history and culture. Nearby Sahuarita preserves remnants of Indian heritage with Jesuit settlements dating back to the 17th century. Architecture and history enthusiasts can explore the San Xavier Del Bac Mission, located about 20 miles north, known for being Arizona's oldest European structure. Additionally, the Titan Missile Museum, the last remaining Titan II site from the Cold War era, provides a unique perspective on historic military infrastructure. Patterson retirees should take these attractions into consideration when deciding where they would like to retire.
Culturally, the region thrives with the artistic vibrancy of Tubac, where numerous galleries and museums enrich the local cultural landscape. Green Valley itself promotes an active lifestyle with its remarkable communal facilities, such as more than ten pools, various tennis and pickleball courts, and six fitness centers. The community offers a variety of classes and activities, ranging from foreign language courses to yoga, catering to different interests and encouraging lifelong learning and engagement. These are perfect for Patterson retirees looking to pick up new hobbies during their retirement years.
Describing the lifestyle, Bell states, 'It's an adult summer camp.' Our entire community is designed for retirees to discover hidden talents, engage in passions, and rejuvenate. We are close enough to Tucson to enjoy world-renowned dining, culture, and entertainment, yet far enough to enjoy tranquility.
According to Realtor.com, Green Valley's proximity to a major urban center like Tucson enhances its appeal, offering numerous entertainment and cultural options. This proximity ensures that retirees have access to the best of both worlds—a peaceful neighborhood life bolstered by the amenities and conveniences of a large city.
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In summary, as Patterson employees approach retirement, places like Green Valley stand out not only for their serene environments and tailored amenities but also for their rich cultural heritage and strong community life. This destination offers a comprehensive lifestyle that promotes both relaxation and active engagement, essential for a fulfilling retirement.
Green Valley, Arizona, not only offers a beautiful retirement setting but also stands out for its exceptional healthcare services, which are a critical consideration for retirees. According to a 2023 U.S. News study, Arizona boasts several top hospitals offering specialized services for older adults. With easy access to these healthcare facilities from Green Valley, retirees can enjoy quality medical assistance while living in a peaceful environment. This healthcare accessibility is particularly attractive for Patterson employees entering retirement, ensuring continuous health support during their golden years.
Choosing Green Valley, Arizona, for your Patterson retirement is akin to selecting a fine vintage wine—meticulously nurtured and perfectly balanced to enhance your golden years. Just as a wine connoisseur appreciates the rich history and refined qualities of a vintage, retirees will appreciate the serene landscape of Green Valley, its rich cultural past, and its well-planned amenities. This community combines the tranquility of a secluded retreat with the vibrancy of cultural and recreational activities, much like a wine that offers both a smooth note and a burst of flavors, ensuring a retirement that is as fulfilling as a fine wine enjoyed in peace.
What is the primary purpose of Patterson's 401(k) Savings Plan?
The primary purpose of Patterson's 401(k) Savings Plan is to help employees save for retirement by providing a tax-advantaged way to invest a portion of their income.
How does Patterson match employee contributions to the 401(k) plan?
Patterson matches employee contributions to the 401(k) plan up to a certain percentage of their salary, enhancing the overall savings potential for employees.
When can employees at Patterson enroll in the 401(k) Savings Plan?
Employees at Patterson can enroll in the 401(k) Savings Plan during their initial onboarding period or during the annual open enrollment period.
What types of investment options are available in Patterson's 401(k) Savings Plan?
Patterson's 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.
Can employees at Patterson take loans against their 401(k) Savings Plan?
Yes, employees at Patterson may have the option to take loans against their 401(k) Savings Plan, subject to specific terms and conditions.
How can employees at Patterson access their 401(k) account information?
Employees at Patterson can access their 401(k) account information online through the plan's dedicated portal or by contacting the plan administrator.
What happens to the 401(k) Savings Plan if an employee leaves Patterson?
If an employee leaves Patterson, they have several options regarding their 401(k) Savings Plan, including rolling it over to another retirement account or leaving it in the plan.
Does Patterson offer a Roth 401(k) option within its Savings Plan?
Yes, Patterson offers a Roth 401(k) option, allowing employees to make after-tax contributions to their retirement savings.
Are there any fees associated with Patterson's 401(k) Savings Plan?
Yes, Patterson's 401(k) Savings Plan may have certain administrative fees, which are disclosed in the plan documents provided to employees.
How often can employees at Patterson change their contribution amounts to the 401(k) plan?
Employees at Patterson can change their contribution amounts to the 401(k) plan during the annual open enrollment period or at any time as permitted by the plan.