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

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Healthcare Provider Update: Offers multiple medical plans including MEC and HSA-qualified options, plus dental, vision, STD, LTD, and critical illness coverage 6. With ACA premiums rising and subsidies expiring, TrueBlues income-based premium structure and HSA-qualified plans help employees maintain coverage without excessive costs. 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%). TrueBlue 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 TrueBlue 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. TrueBlue employees should consider these factors when planning their retirement locations.

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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. TrueBlue retirees might find such states especially appealing for their active and engaging post-retirement lifestyle.

What is the TrueBlue 401(k) Savings Plan?

The TrueBlue 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 basis.

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

You can enroll in the TrueBlue 401(k) Savings Plan through the company's HR portal or by contacting the HR department for assistance.

What types of contributions can I make to the TrueBlue 401(k) Savings Plan?

TrueBlue offers both pre-tax and Roth (post-tax) contribution options for employees participating in the 401(k) Savings Plan.

Does TrueBlue offer any matching contributions to the 401(k) Savings Plan?

Yes, TrueBlue provides a matching contribution to the 401(k) Savings Plan, which helps employees increase their retirement savings.

What is the vesting schedule for TrueBlue's matching contributions?

The vesting schedule for TrueBlue's matching contributions typically follows a graded vesting schedule, meaning employees earn rights to the matching funds over a period of time.

Can I change my contribution amount to the TrueBlue 401(k) Savings Plan?

Yes, employees can change their contribution amounts to the TrueBlue 401(k) Savings Plan at any time, subject to certain limits.

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

The TrueBlue 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How can I access my TrueBlue 401(k) account information?

Employees can access their TrueBlue 401(k) account information through the online portal provided by the plan administrator.

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

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

Are there any loans available through the TrueBlue 401(k) Savings Plan?

TrueBlue may allow participants to take loans against their 401(k) Savings Plan balance, subject to specific terms and conditions.

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

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