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The path to retirement marks a profound transition in life, encompassing not only financial adjustments but significant psychological and physical changes as well. The early years of this phase can deeply influence the subsequent decades, making it crucial for Euronet Worldwide employees to approach retirement with a strategic and informed perspective.
Stephen Kreider Yoder and Karen Kreider Yoder provide a clear illustration of how to address the challenges that emerge as retirement nears. Stephen, a former editor at the Wall Street Journal, and his wife Karen have shared their proactive steps to maintain their health and vitality.
Initial Encounters and Preventive Measures
Stephen's experience with a persistent eye issue during his travels highlights a critical aspect of retirement: the inevitability of health issues. What started as a minor blur in his vision led to an emergency room visit in Minnesota, showcasing the unpredictable nature of health in retirement. This incident served as a reminder for Euronet Worldwide personnel of the importance of vigilance and early medical consultation, a commitment the couple embraced upon retiring.
The Importance of Regular Health Patterns
Aware of age-related risks like cataracts, macular degeneration, and glaucoma, Stephen and Karen decided to undertake regular health screenings. This includes the Medicare Wellness Visit, a preventive measure that helps create personalized plans to ward off illnesses. During these visits, assessments such as cognitive tests are performed, which Stephen passed, highlighting an essential element of health monitoring for Euronet Worldwide retirees.
Lifestyle Adjustments and Risk Management
They have also focused on adapting their lifestyle to reduce health risks. For example, Stephen stopped climbing stairs and both are more cautious about multitasking while walking. These adjustments are part of broader risk-reduction rules they have set to prevent falls and other accidents, particularly relevant as physical flexibility decreases with age at Euronet Worldwide.
Nutritional Considerations and Physical Activity
Karen takes a proactive approach to preserving her health, consulting healthcare professionals, including family members who are physicians. She has been advised to focus on prevention through diet, physical activity, and mental health practices. Following longevity experts like Peter Attia, she aims to maintain a diet rich in grains, white meats, and primarily plants, alongside regular physical activities like cycling and weight training, ensuring Euronet Worldwide employees maintain a healthy lifestyle.
Psychological Well-being and Social Engagement
The mental aspect of retirement is as crucial as the physical side. Loneliness and social isolation can lead to depression and other mental health issues in older adults. Karen and Stephen are aware of this, striving to remain socially active, which is essential for emotional and psychological well-being among Euronet Worldwide colleagues.
Financial Health as Part of Overall Health
While their monthly columns lack explicit financial details, the financial aspect of retirement is inherently connected to overall health. The eye condition that Stephen encountered resulted in a significant medical bill, for which they were partially responsible. This situation highlights the importance of financial planning and the potential for unexpected expenses associated with aging for Euronet Worldwide employees.
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In Conclusion
The Yoders' journey serves as a reflective example for many entering this life phase at Euronet Worldwide. They emphasize the importance of a holistic approach to retirement that includes health vigilance, preventive care, lifestyle adjustments, and maintaining social connections. As they navigate their later years, their experiences and insights offer valuable lessons on managing and possibly enhancing the chances of a healthy recovery.
Adopting a holistic perspective on retirement is not just about preserving health but also ensuring that life's later years are as fulfilling and enriching as possible. The proactive measures taken by the Yoders serve as a model for others, showing that while aging is inevitable, deterioration is not an absolute outcome if appropriate steps are taken.
A recent study by the American Heart Association (2021) underscores the importance of maintaining cardiovascular health in retirement. According to the study, individuals over 60 can significantly reduce their risk of cardiovascular diseases by engaging in moderate aerobic activities like brisk walking for at least 150 minutes per week. This routine not only improves heart health but also strengthens physical and mental well-being, essential components for a fulfilling retirement for Euronet Worldwide retirees. Incorporating regular cardiovascular activity is a proactive initiative to extend vitality and reduce health expenses in the coming years.
What type of retirement savings plan does Euronet Worldwide offer to its employees?
Euronet Worldwide offers a 401(k) retirement savings plan to its employees.
How can employees of Euronet Worldwide enroll in the 401(k) plan?
Employees of Euronet Worldwide can enroll in the 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.
Does Euronet Worldwide match employee contributions to the 401(k) plan?
Yes, Euronet Worldwide offers a matching contribution to the 401(k) plan, subject to specific terms and conditions.
What is the maximum contribution limit for the 401(k) plan at Euronet Worldwide?
The maximum contribution limit for the 401(k) plan at Euronet Worldwide is in line with the IRS limits, which may change annually.
Are there any vesting requirements for the employer match in Euronet Worldwide’s 401(k) plan?
Yes, Euronet Worldwide has a vesting schedule for the employer match, which employees should review in the plan documents.
Can employees of Euronet Worldwide take loans against their 401(k) savings?
Yes, Euronet Worldwide allows employees to take loans against their 401(k) savings, subject to the plan’s rules and regulations.
What investment options are available in Euronet Worldwide’s 401(k) plan?
Euronet Worldwide’s 401(k) plan offers a variety of investment options, including mutual funds and other investment vehicles, which employees can choose from.
How often can employees change their contribution amounts in Euronet Worldwide’s 401(k) plan?
Employees at Euronet Worldwide can change their contribution amounts on a regular basis, typically during open enrollment or at any time as permitted by the plan.
What happens to the 401(k) savings if an employee leaves Euronet Worldwide?
If an employee leaves Euronet Worldwide, they have several options for their 401(k) savings, including rolling it over to another retirement account or leaving it in the Euronet Worldwide plan, if allowed.
Does Euronet Worldwide provide any educational resources for employees regarding their 401(k) plan?
Yes, Euronet Worldwide provides educational resources and tools to help employees understand their 401(k) plan and make informed investment decisions.