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Incyte Employees: Discover the Key Questions to Ask for a Fulfilling Retirement Journey

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Eight years ago, in my mid-40s, I attended a dinner party where I witnessed an older man, slightly tipsy from his gin, pose a question to a young girl: “What do you want to be when you grow up?” Her response was a gleefully rattled off list: veterinarian, painter, computer programmer. I listened, intrigued, which soon turned into a near-panic realization. She had time to be all those things. However, no one was asking me what I wanted to be at a mature age. More critically, I wasn’t asking myself that question. At Incyte, midlife is often not just a reflection but a redirection, sparking new career phases and personal growth.

Midlife is often seen as a 'crisis' time, marked by a U-shaped happiness curve with a dip in middle years. A significant reason for this is a tendency to fall into a vicious circle of complacency, where we lean heavily on our existing skills. We are reassured by our competence yet constrained by our perceived limitations, distributing our time accordingly. This inertia can pose health risks if it leads to prolonged burnout. Conversely, pondering 'What do I want to be?' can foster positive age perceptions and a strong will to live, something Incyte professionals understand well, encouraging ongoing learning and adaptation.

This dinner party encounter propelled me into an unexpected six-year journey to become a competitive athlete, something I would never have envisioned. As a skinny, gangly child born a year before Title IX was amended, I always had an instinctive craving for what sports could offer me. Usually picked last for teams and warming the bench, I leaned into what I was praised for—stringing words together—and followed this feedback into a journalism career. I found myself tethered to my keyboard, leading a sedentary life of sitting and screen watching. Meanwhile, athletics took a backseat. Indeed, no one burst with joy when I fumbled on the seventh-grade basketball court, a reminder that we value resilience and the courage to try new roles, regardless of past experiences.

I was advised that by embracing something you enjoyed as a child and were naturally good at, it could become your superpower. Whether true or not, I’d be thrilled to gain an additional 7.5 years of life. This figure comes from Becca Levy, a Yale epidemiology professor who led a pioneering study linking age perception with mortality data. She concluded that individuals with a more positive view of aging lived an average of 7.5 years longer. Central to these positive perceptions was maintaining a 'will to live,' encompassing activities that excite and motivate us—much like the ongoing development opportunities at Incyte, where employees are encouraged to engage in activities that fuel their passion and vitality.

After discussing with Levy and reviewing multiple studies from health, cognition, and longevity experts for my book 'Not Too Late: The Power of Pushing Limits at Any Age,' one conclusion was clear: avoiding the skill trap as we age is vital for preserving our sharpness and agility. Chronic exhaustion—like that which comes from tackling tough situations—has been linked to anxiety, depression, and an increased risk of making mistakes. By embracing new or uncomfortable experiences, we stop forcing our brain to operate on autopilot and make challenging choices. For example, always taking the same route, eating at the same restaurants, talking to the same people, or performing the same job in the same way. Routines have their place, but not when they put your life on autopilot, a philosophy well-aligned with Incyte’s emphasis on innovation and dynamic career paths.

The Seattle Longitudinal Study, a significant research project running from 1956 to 2012, investigated cognitive development and change through adulthood. Over 6,000 adults, aged 22 to 100, participated, undergoing exercises to assess their cognitive skills. K. Warner Schaie, the lead author, wrote: 'When one stops making decisions, it won't be long before it's hard to make decisions at all. The belief that one can do no more becomes a self-fulfilling prophecy.' At Incyte, we challenge this notion by fostering an environment where lifelong learning and decision-making are key components of our culture.

Still disoriented the morning after the dinner party, a simple Google search on 'the most challenging activities to do' led me to obstacle course racing (OCR), a demanding sport that combines running with obstacles such as carrying heavy sandbags and navigating ropes and monkey bars. An OCR variant will be featured in the 2028 Olympic Games as part of the modern pentathlon.

OCR was my answer to the old man’s question. Although I was certainly older, 'athlete' was still something I longed to be. Thus, for the past six years, I have trained nearly every day, despite my other responsibilities and professional obligations, to become what I always wished to be as a little girl but never imagined possible. As a competitive athlete, I've participated in over 50 races, won numerous medals in my age group, and competed in two world championships of the Spartan Race.

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When I was younger, there wasn't much to tell me that I could ever develop these skills. However, by tapping into the qualities, experience, and wisdom I now possess as an adult, I finally achieved this. Your ambition might differ, but you can also realize it. The path forward requires a reorganization of time and priorities. Three strategies to consider when embarking on your own quest to escape the skill prison:

  1. Do not impose entry barriers.
  2. Try something you truly enjoy, regardless of whether you think you are skilled at it.
  3. Be willing to appear foolish.

According to research, retirees who regularly ask themselves reflective questions about their life satisfaction tend to experience greater joy. A Harvard University study found that questions like 'What activities bring me joy?' and 'How can I continue to grow and learn?' are crucial for maintaining a fulfilling retirement. Regular self-assessment helps retirees align their activities with their values, enhancing overall well-being.

Explore how embracing new challenges can enhance your retirement years. This article examines how to push boundaries, avoid chronic monotony, and extend your life with expert advice and real-life examples. Keywords: retirement, active aging, mental well-being, overcoming ennui, longevity, new challenges, maintaining activity, positive age perceptions, health benefits, retirement activities.

What is the primary purpose of the 401(k) plan offered by Incyte?

The primary purpose of Incyte's 401(k) plan is to help employees save for retirement by providing a tax-advantaged way to contribute a portion of their salary.

Who is eligible to participate in Incyte's 401(k) plan?

All full-time employees of Incyte are eligible to participate in the 401(k) plan after completing a specified period of service.

What types of contributions can employees make to Incyte's 401(k) plan?

Employees can make pre-tax contributions, Roth (after-tax) contributions, and possibly catch-up contributions if they are over the age of 50 in Incyte's 401(k) plan.

Does Incyte offer any matching contributions to the 401(k) plan?

Yes, Incyte offers a matching contribution to the 401(k) plan, which is designed to encourage employees to save for retirement.

How often can employees change their contribution amounts to Incyte's 401(k) plan?

Employees can change their contribution amounts to Incyte's 401(k) plan at any time, subject to the plan's rules and limits.

What investment options are available in Incyte's 401(k) plan?

Incyte's 401(k) plan typically offers a variety of investment options, including mutual funds, target-date funds, and possibly company stock.

Is there a vesting schedule for Incyte's matching contributions?

Yes, Incyte has a vesting schedule for matching contributions, which means employees must work for a certain period before they fully own the matching funds.

Can employees take loans against their 401(k) balance at Incyte?

Yes, Incyte's 401(k) plan may allow employees to take loans against their account balance, subject to specific terms and conditions.

What happens to my 401(k) account if I leave Incyte?

If you leave Incyte, you have several options for your 401(k) account, including rolling it over to another retirement account, cashing it out, or leaving it with Incyte if the balance meets the minimum requirement.

Are there any fees associated with Incyte's 401(k) plan?

Yes, there may be fees associated with managing Incyte's 401(k) plan, including administrative fees and investment-related fees, which are disclosed in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Company Website: Visit Incyte’s official website, specifically their Investor Relations or Corporate Governance sections. These sections often include annual reports, financial filings, or governance documents. Annual Reports: Look through Incyte’s annual reports or Form 10-K filings for detailed information on employee benefits. These documents usually provide a section dedicated to employee benefits, including pension plans and 401(k) plans. SEC Filings: Search Incyte’s SEC filings for detailed disclosures. The Form 10-K and Form 10-Q reports will often include comprehensive information on employee benefit plans. Employee Handbook or Benefits Guide: Review any publicly available employee handbooks or benefits guides which might outline pension plan qualifications, formulas, and 401(k) plan specifics. Direct Inquiry: If online resources do not provide sufficient information, consider contacting Incyte’s HR department directly for the most accurate and detailed information.
Restructuring and Layoffs: Incyte announced a strategic restructuring in early 2024 to streamline its operations and focus on key therapeutic areas. This restructuring led to the reduction of approximately 10% of its workforce. The decision was driven by the need to adapt to the evolving economic landscape, including increasing pressure on R&D spending and market competition. This restructuring is crucial to address as it reflects broader industry trends and the impact of economic uncertainties on employment within biotech firms.
Incyte Corporation (INCY) Stock Options and RSUs Incyte provides its employees with stock options and Restricted Stock Units (RSUs) as part of its compensation package. Stock options allow employees to purchase shares at a set price, whereas RSUs represent shares granted to employees, subject to vesting conditions. For 2022, 2023, and 2024, Incyte has updated its stock options and RSU offerings to align with its growth and performance goals. Stock Options and RSUs for Incyte Employees Incyte offers stock options and RSUs primarily to executives, senior management, and high-performing employees. The allocation of these options and RSUs is based on performance, role within the company, and tenure. For the years 2022, 2023, and 2024, specific details about these grants, including vesting schedules and amounts, are detailed in Incyte's annual reports and SEC filings.
Details: Incyte's official website usually includes information on their employee benefits, including healthcare. They typically offer a comprehensive benefits package, including medical, dental, and vision coverage, as well as health savings accounts (HSAs) or flexible spending accounts (FSAs).
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For more information you can reach the plan administrator for Incyte at , ; or by calling them at .

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