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 Pacific Life 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 Pacific Life 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 Pacific Life 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 Pacific Life.
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 Pacific Life 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 Pacific Life 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 Pacific Life employees.
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In Conclusion
The Yoders' journey serves as a reflective example for many entering this life phase at Pacific Life. 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 Pacific Life 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 Pacific Life?
The 401(k) plan at Pacific Life is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are deducted.
How can employees at Pacific Life enroll in the 401(k) plan?
Employees at Pacific Life 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 Pacific Life offer a matching contribution for its 401(k) plan?
Yes, Pacific Life offers a matching contribution to its 401(k) plan, helping employees increase their retirement savings.
What types of investment options are available in the Pacific Life 401(k) plan?
The Pacific Life 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
Can employees at Pacific Life change their contribution percentage to the 401(k) plan?
Yes, employees at Pacific Life can change their contribution percentage at any time by accessing their account through the HR portal.
What is the vesting schedule for the Pacific Life 401(k) plan?
The vesting schedule for the Pacific Life 401(k) plan typically depends on the length of service with the company, with employees becoming fully vested after a certain number of years.
Are there any fees associated with the Pacific Life 401(k) plan?
Yes, there may be administrative fees and investment-related fees associated with the Pacific Life 401(k) plan, which are disclosed in the plan documents.
How can employees at Pacific Life access their 401(k) account information?
Employees at Pacific Life can access their 401(k) account information online through the company’s HR portal or by contacting the plan administrator.
What happens to my Pacific Life 401(k) if I leave the company?
If you leave Pacific Life, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the Pacific Life plan if eligible.
Can employees at Pacific Life take loans against their 401(k) savings?
Yes, Pacific Life allows employees to take loans against their 401(k) savings, subject to the plan’s terms and conditions.