Healthcare Provider Update: Healthcare Provider for Tapestry: Tapestry, the parent company of luxury fashion brands such as Coach, Kate Spade, and Stuart Weitzman, is associated with UnitedHealthcare, which is part of UnitedHealth Group. UnitedHealthcare provides Tapestry employees with a variety of health insurance options that are typically inclusive of medical, dental, and vision benefits. Potential Healthcare Cost Increases for Tapestry in 2026: As Tapestry navigates the evolving healthcare landscape, substantial increases in healthcare costs are anticipated in 2026. With the potential expiration of enhanced federal premium subsidies for Affordable Care Act (ACA) plans, many enrollees could face premium hikes exceeding 75%. Insurers are reporting a sharp rise in medical costs and have begun to implement rate increases, with some individual market plans (like those from UnitedHealthcare) requesting increases as high as 66.4%. These combined factors may significantly raise Tapestry's healthcare expenses and affect their employee benefits offerings. 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 Tapestry 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. Tapestry 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 Tapestry 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 Tapestry 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 Tapestry employees entering retirement, ensuring continuous health support during their golden years.
Choosing Green Valley, Arizona, for your Tapestry 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 Tapestry's 401(k) plan?
Tapestry's 401(k) plan is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are deducted.
How can I enroll in Tapestry's 401(k) plan?
You can enroll in Tapestry's 401(k) plan by accessing the employee benefits portal and following the enrollment instructions provided.
What types of contributions can I make to Tapestry's 401(k) plan?
Tapestry's 401(k) plan allows for pre-tax contributions, Roth after-tax contributions, and potentially catch-up contributions if you are over 50.
Does Tapestry match employee contributions to the 401(k) plan?
Yes, Tapestry offers a matching contribution to the 401(k) plan, which helps employees grow their retirement savings.
How much can I contribute to Tapestry's 401(k) plan each year?
For 2023, the maximum employee contribution limit to Tapestry's 401(k) plan is $22,500, with an additional $7,500 catch-up contribution allowed for employees aged 50 and older.
When can I start withdrawing from Tapestry's 401(k) plan?
You can start withdrawing from Tapestry's 401(k) plan without penalties at age 59½, although you may have options for hardship withdrawals earlier.
What investment options are available in Tapestry's 401(k) plan?
Tapestry's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.
Can I take a loan from Tapestry's 401(k) plan?
Yes, Tapestry allows employees to take loans from their 401(k) accounts under certain conditions and limits.
How do I change my contribution percentage for Tapestry's 401(k) plan?
You can change your contribution percentage by logging into the employee benefits portal and updating your contribution settings.
What happens to my 401(k) plan if I leave Tapestry?
If you leave Tapestry, you can choose to roll over your 401(k) balance to another retirement account, cash out, or leave it in Tapestry's plan if allowed.