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Turning 65? Discover Exciting Benefits and Financial Tips Tailored for Dun & Bradstreet Holdings Employees

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As Dun & Bradstreet Holdings employees approach or surpass the age of 65, they encounter a landscape filled with potential benefits, financial considerations, and lifestyle choices that warrant careful evaluation. This article delves into various aspects relevant for those entering this new phase of life, from tax implications to travel discounts, steering clear of the well-trodden paths of Social Security and Medicare.

Tax Environment Insights

A critical aspect for Dun & Bradstreet Holdings retirees to consider is the tax environment. Various states offer different benefits: some without income tax, others do not tax Social Security benefits, and several offer exemptions on pensions or inheritance taxes. Notable examples include Florida and South Dakota, celebrated for their retiree-friendly tax approaches. However, the choice of residence should be guided more by personal happiness and lifestyle preferences than merely tax benefits.

Senior Discounts and Benefits

The range of discounts and benefits available to seniors, including those from Dun & Bradstreet Holdings, is vast and diverse. From shopping discounts—like 10% off for seniors at PetSmart—to travel and leisure benefits. In Seattle, the ORCA card offers reduced prices on buses, ferries, and trains. Similarly, in New York City, seniors aged 65 and older can enjoy a 50% reduction on trains and buses, though acquiring these discounts can sometimes be a complex affair.

Travel Opportunities

Travel remains a priority for many at this stage, and there are plenty of discounts to make it more accessible for Dun & Bradstreet Holdings retirees. Amtrak, for instance, offers a 10% discount for travelers over 65. The allure of travel extends globally, with numerous offers and discounts available for car rentals and hotels worldwide.

National and State Parks

The National Park Service offers a senior lifetime pass for $80, allowing access to all national parks and federal recreational lands—an excellent option for Dun & Bradstreet Holdings seniors. This pass is not just a significant saving but also an investment in the beauty and preservation of American natural landscapes. Several states also offer similar discounts for their parks, enhancing access to scenic routes and natural beauty.

Educational Explorations

For Dun & Bradstreet Holdings employees looking to enrich themselves intellectually, many educational institutions across the U.S. offer free or reduced-price education for seniors. This opportunity allows for the pursuit of long-set-aside interests and studies in various disciplines, providing a fulfilling educational experience without the usual financial constraints.

Museums and Cultural Institutions

Cultural engagement can still bring immense richness to life at this time. Most of the 35,000 museums in America offer senior discounts, from historical sites like the B.B. King Museum to specialized institutions like the NASCAR Hall of Fame. This opportunity underscores the accessibility and continued appreciation of cultural and educational experiences for Dun & Bradstreet Holdings employees.

Unusual Discounts

Interestingly, the range of discounts for seniors, including those at Dun & Bradstreet Holdings, extends to less conventional areas, such as haircut services at places like Great Clips, and leisure activity discounts like skiing for those over 80. Some pharmacies even offer senior discounts on cannabis, demonstrating the broad and sometimes unexpected range of benefits available.

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Financial Considerations

While it may be tempting for Dun & Bradstreet Holdings seniors to chase every discount, it's crucial to balance bargain hunting with quality of life. According to the Social Security Administration, the average life expectancy for a 65-year-old man is a further 17 years, and nearly 20 for women. This longevity highlights the importance of financial planning and thoughtful use of discounts and benefits to enhance one's existence while maintaining financial security.

In Conclusion

For many Dun & Bradstreet Holdings employees, reaching 65 isn’t just about enjoying discounts; it's about strategically using available benefits to enhance the quality of life. Whether through financial savings, educational pursuits, or leisure activities, the possibilities are endless. It's essential to find a balance that suits one's own personal and financial circumstances, ensuring that the golden years are both enriching and economically beneficial. This holistic approach allows individuals to make the most of this advanced phase of life, supporting a lifestyle that is both rewarding and sustainable.

In addition to the renowned benefits for seniors, many Dun & Bradstreet Holdings companies provide their retirees with ongoing access to corporate benefits and healthcare, a significant advantage that is not widely known. For example, retirees from Dun & Bradstreet Holdings and other large tech and manufacturing companies can maintain access to reduced rates on products and services ranging from technology to vehicles, which can substantially lower living expenses. This benefit for former employees, highlighted in Forbes’ May 2023 report on retirement benefits, underscores the importance of inquiring about extended benefits when transitioning from full-time employment to retirement.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Dun & Bradstreet Holdings offers its employees both a pension plan and a 401(k) plan. The pension plan, referred to as the Dun & Bradstreet Retirement Account, is based on credited service and compensation earned prior to the freeze date of July 1, 2007. This plan follows a traditional defined benefit structure, with benefits calculated using years of service and final average pay. The retirement plan's normal retirement age is typically 65, though employees may become eligible for early retirement based on age and years of service. Participants in the pension plan have access to their benefits at age 59½ with applicable reductions. Dun & Bradstreet employees who were part of the pension plan before July 1, 2007, continue to accrue benefits under this plan (Aon). The company also provides a 401(k) plan known as the Dun & Bradstreet 401(k) Plan, administered by Fidelity. Employees can contribute between 1% to 75% of their annual compensation as regular or catch-up contributions. The company matches contributions up to 7%, although the match percentage varies by employee and is subject to the IRS contribution limits. Eligibility for participation in the 401(k) plan typically requires employees to be at least 21 years old and to have completed at least 1,000 hours of service within a calendar year. The 401(k) plan is flexible, allowing employees to choose between traditional pre-tax contributions and Roth post-tax contributions

Restructuring and Layoffs: Dun & Bradstreet Holdings has been undertaking a significant restructuring plan to streamline its operations and enhance efficiency. In late 2023, the company announced a reduction in its workforce as part of this initiative. This move is aimed at consolidating its global operations and focusing on core business areas. Given the current economic and investment environment, including fluctuations in market performance and evolving tax policies, it is crucial for employees and stakeholders to stay informed about such changes. Understanding these developments can help in making informed decisions about career and investments.

Dun & Bradstreet Holdings offers stock options and RSUs as part of its employee compensation package. Stock options typically provide employees the right to purchase shares at a set price, while RSUs are granted as company shares without a purchase requirement. According to the 2022 10-K filing, stock options and RSUs are awarded to key employees, executives, and directors based on performance and tenure

Dun & Bradstreet Holdings offers comprehensive health benefits to its employees, designed to support their well-being and work-life balance. The company's healthcare benefits include a variety of health plans such as PPOs and high-deductible health plans (HDHPs) with Health Savings Accounts (HSAs). They also provide access to dental, vision, and mental health services. Key healthcare-related terms and acronyms used by the company include: HDHP: High-Deductible Health Plan, allowing employees to pay lower premiums with higher out-of-pocket costs. HSA: Health Savings Account, available for employees enrolled in HDHPs, allowing them to save money pre-tax for medical expenses. EAP: Employee Assistance Program, providing confidential support for employees dealing with personal or work-related issues, including mental health resources. Dun & Bradstreet also encourages a holistic approach to wellness through its Wellness Program, offering employees resources and tools to maintain physical and mental health. In recent years, the company has expanded its telehealth options, allowing employees to access healthcare providers virtually, which gained prominence during the COVID-19 pandemic

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For more information you can reach the plan administrator for Dun & Bradstreet Holdings at 103 JFK Pkwy Short Hills, NJ 7078; or by calling them at (800) 526-9018.

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