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Navigating Your Retirement Health Journey: Essential Insights for MDC Holdings Employees

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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 MDC Holdings 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 MDC Holdings 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 MDC Holdings 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 MDC Holdings.

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 MDC Holdings 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 MDC Holdings 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 MDC Holdings employees.

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In Conclusion

The Yoders' journey serves as a reflective example for many entering this life phase at MDC Holdings. 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 MDC Holdings retirees. Incorporating regular cardiovascular activity is a proactive initiative to extend vitality and reduce health expenses in the coming years.

What is the 401(k) plan offered by MDC Holdings?

The 401(k) plan at MDC Holdings is a retirement savings plan that allows employees to contribute a portion of their salary on a pre-tax basis, helping them save for retirement.

Does MDC Holdings offer a matching contribution for the 401(k) plan?

Yes, MDC Holdings provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

How can employees enroll in the MDC Holdings 401(k) plan?

Employees can enroll in the MDC Holdings 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

What types of investment options are available in the MDC Holdings 401(k) plan?

The MDC Holdings 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

Is there a vesting schedule for the matching contributions at MDC Holdings?

Yes, MDC Holdings has a vesting schedule for matching contributions, which means employees must work for a certain period to fully own the employer's contributions.

Can employees take loans against their 401(k) at MDC Holdings?

Yes, MDC Holdings allows employees to take loans against their 401(k) balance under specific conditions set forth in the plan.

What is the minimum contribution percentage for the MDC Holdings 401(k) plan?

The minimum contribution percentage for the MDC Holdings 401(k) plan is typically set at 1% of the employee's salary, but employees are encouraged to contribute more.

Are there any fees associated with the MDC Holdings 401(k) plan?

Yes, there may be administrative fees and investment-related fees associated with the MDC Holdings 401(k) plan, which are disclosed in the plan documents.

How often can employees change their contribution amounts in the MDC Holdings 401(k) plan?

Employees can change their contribution amounts in the MDC Holdings 401(k) plan as frequently as once per pay period.

What happens to the 401(k) plan if an employee leaves MDC Holdings?

If an employee leaves MDC Holdings, they have several options for their 401(k) plan, including rolling it over to another retirement account or cashing it out, subject to taxes and penalties.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Name of Plan: MDC Holdings Pension Plan Years of Service and Age Qualification: Employees typically need to complete a certain number of years of service and reach a specific age to qualify. For detailed numbers, refer to specific documents or plan summaries. Pension Formula: The pension formula is generally based on factors such as years of service and average salary. For the precise formula, refer to the plan’s official documentation. Eligibility Criteria: Generally includes full-time employees who meet the age and service requirements outlined in the plan. Name of Plan: MDC Holdings 401(k) Plan Eligibility Criteria: Eligibility typically includes full-time employees who have completed a specific period of service. Detailed eligibility requirements are outlined in the plan documents.
Restructuring and Layoffs: MDC Holdings announced in early 2024 that it is restructuring its operations due to a downturn in the housing market. This restructuring involves laying off approximately 10% of its workforce to reduce costs and improve efficiency. The decision is a response to declining home sales and increased material costs, which have impacted profitability. Company Benefits and Pension Changes: Alongside the layoffs, MDC Holdings is revising its employee benefits and pension plans. The company is shifting from a defined benefit pension plan to a defined contribution plan. This change is aimed at reducing long-term liabilities and aligning with industry standards. Employees will see changes in their 401(k) contributions, with MDC Holdings offering a reduced matching contribution compared to previous years.
Stock Options and RSUs: MDC Holdings provides stock options and RSUs to its employees as part of their compensation package. Stock options at MDC Holdings allow employees to purchase shares at a set price, typically lower than the market value. RSUs are granted and vest over a specified period, giving employees ownership of company shares after certain conditions are met.
MDC Holdings Official Website: The site may include information on employee benefits under their "Careers" or "Employee Benefits" section. Look for terms such as "Medical Insurance," "Dental Coverage," "Vision Benefits," and "Health Savings Accounts (HSA)." SEC Filings: Access MDC Holdings’ 10-K or 10-Q filings from the SEC's EDGAR database to find detailed information about employee benefits and any changes in 2022, 2023, or 2024. Glassdoor and Indeed: Search for reviews from MDC Holdings employees discussing their health benefits. Look for terms like "healthcare coverage," "benefits package," "employee health insurance," and "wellness programs." Recent News Articles: Look for any news articles that discuss changes or updates to MDC Holdings’ health benefits. Terms might include "benefits update," "healthcare changes," or "employee benefits news." Benefits Review Platforms: Websites like BenefitsPro or PayScale may have detailed reviews or comparisons of MDC Holdings’ health benefits. Search for terms like "benefits comparison," "employee health benefits review," and "company benefits analysis."
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For more information you can reach the plan administrator for MDC Holdings at , ; or by calling them at .

https://www.pbgc.gov/ https://www.ebri.org/

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