<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Learn More

Top Retirement Destinations for Oshkosh Employees: Discover Where You Can Thrive in Your Golden Years

image-table

Healthcare Provider Update: Healthcare Provider for Oshkosh Corporation Oshkosh Corporation typically works with health insurance providers such as Anthem Blue Cross Blue Shield and other local insurance carriers to offer healthcare coverage to its employees. Specific healthcare plan details may vary depending on the employee's location and role within the company, taking into account the healthcare landscape and statutory requirements in those regions. Blog Post Paragraph on Potential Healthcare Cost Increases in 2026 As healthcare costs continue to rise, Oshkosh Corporation employees should prepare for significant increases in their ACA premiums beginning in 2026. With projections indicating that national average premiums could escalate by up to 18%, many states may witness hikes exceeding 60%. The anticipated increase is driven by factors such as the expiration of enhanced federal premium subsidies and ongoing medical inflation, leading to higher out-of-pocket expenses for millions. For employees considering retirement or those enrolled in ACA plans, understanding these shifts will be crucial for effective financial planning and ensuring continued access to affordable healthcare coverage. Click here to learn more

In a recent survey by  Bankrate , Delaware has been identified as the premier state for retirement, ranking first in the company's annual survey, which assesses key elements influencing retirees' decisions. This year, Delaware rose from second place, surpassing Iowa, which now finds itself at ninth due to increased living expenses, property taxes, and homeowner insurance costs.

The Bankrate evaluation involved a comprehensive analysis of several data points across all states, excluding the District of Columbia. The rankings were based on five major categories: affordability (40% of the total score), overall well-being (25%), healthcare costs and quality (20%), weather (10%), and crime rate (5%). Oshkosh employees will find these factors essential when considering where to enjoy their retirement.

Often overlooked as a retirement destination, Delaware boasts numerous benefits that have solidified its status among retirees. It offers superior healthcare services, a favorable tax environment with no state or municipal tax, and an exemption from Social Security benefit taxes, enhancing its affordability. Despite higher-than-average living expenses, these financial perks make Delaware an attractive option for those seeking a stable post-career life.

The demographic profile of the country is notable for its high proportion of residents aged 62 and older, which enriches its collective diversity. However, Delaware does have areas of concern, including crime rates and the cost of living, which have not been as favorable. For Oshkosh retirees, understanding these dynamics is crucial to making an informed decision.

Alongside Delaware were West Virginia, Georgia, South Carolina, and Missouri, all renowned for their great affordability. In particular, West Virginia's low living and real estate expenses, coupled with affordable home insurance, secured its second-place position, even though it achieved better health quality. Georgia advanced from fifth to third place last year due to lower living expenses and home insurance rates, despite continuing issues with healthcare and crime. South Carolina, ranked fourth since the nineteenth century, is valued for its affordability and climate, despite crime-related challenges.

In contrast, the states deemed least favorable for retirement included Alaska, New York, Washington, California, and North Dakota. Alaska remained the least favored due to its poor accessibility and adverse weather conditions. High living costs are a common challenge across the Northeast and West, affecting retirees' financial stability and their ability to maintain their savings. Oshkosh employees should consider these factors when planning their retirement locations.

Featured Video

Articles you may find interesting:

Loading...

Bankrate's study underscores the importance of feasibility in retirement planning, especially as many Americans feel financially unprepared for their retirement years. Relocating to a state that offers financial benefits can be a strategic decision for those nearing retirement age, thus allowing them to maximize their savings and enhance their quality of life during their golden years. This approach is particularly significant for individuals who are behind on their retirement savings, as moving to a more affordable location can significantly extend the duration and comfort of their retirement funds.

An often overlooked aspect of retirement planning is the availability of senior-friendly recreational activities, which can significantly enhance quality of life. For example, South Carolina, ranked fourth among the best states for retirement, offers a wide range of senior-friendly recreational activities, including over 360 golf courses and numerous national parks. This infrastructure not only provides entertainment but also opportunities for physical activity and socialization, which are essential for maintaining health and well-being in later life. Oshkosh retirees might find such states especially appealing for their active and engaging post-retirement lifestyle.

What is the Oshkosh 401(k) Savings Plan?

The Oshkosh 401(k) Savings Plan is a retirement savings plan that allows employees to save for their future by contributing a portion of their salary on a pre-tax or post-tax (Roth) basis.

How can I enroll in the Oshkosh 401(k) Savings Plan?

Employees can enroll in the Oshkosh 401(k) Savings Plan by completing the enrollment process through the company's benefits portal or by contacting the HR department for assistance.

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

Yes, Oshkosh offers a company match for employee contributions to the 401(k) Savings Plan, which helps employees maximize their retirement savings.

What is the maximum contribution limit for the Oshkosh 401(k) Savings Plan?

The maximum contribution limit for the Oshkosh 401(k) Savings Plan is determined by the IRS and may change annually. Employees should check the latest guidelines for the current limit.

Can I change my contribution amount in the Oshkosh 401(k) Savings Plan?

Yes, employees can change their contribution amount at any time by accessing their account through the benefits portal or by contacting HR.

What investment options are available in the Oshkosh 401(k) Savings Plan?

The Oshkosh 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees diversify their portfolios.

When can I start withdrawing from my Oshkosh 401(k) Savings Plan?

Employees can typically start withdrawing from their Oshkosh 401(k) Savings Plan at age 59½, but there are specific rules and options for hardship withdrawals or loans.

Is there a vesting schedule for the Oshkosh 401(k) company match?

Yes, the Oshkosh 401(k) Savings Plan has a vesting schedule for the company match, which means that employees must work for the company for a certain period before they fully own the matched funds.

How often can I review my Oshkosh 401(k) account performance?

Employees can review their Oshkosh 401(k) account performance at any time by logging into their account through the benefits portal.

What happens to my Oshkosh 401(k) Savings Plan if I leave the company?

If you leave Oshkosh, you have several options for your 401(k) Savings Plan, including rolling it over to another retirement account, cashing it out, or leaving it in the plan if allowed.

New call-to-action

Additional Articles

Check Out Articles for Oshkosh employees

Loading...

For more information you can reach the plan administrator for Oshkosh at , ; or by calling them at .

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Oshkosh employees