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Navigating Retirement: A Guide for Prologis Employees

'Prologis employees should carefully evaluate how state-to-state cost differences can reshape their retirement goals, as geographic decisions play a major role in long-term planning,' – Patrick Ray, a representative of The Retirement Group, a division of Wealth Enhancement Group.

'Prologis employees can benefit from comparing state and international living costs to align their retirement plans with locations that support their long-term financial goals,' – Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement Group.

In this article, we will discuss:

The financial requirements for a comfortable retirement across different U.S. states— How location impacts the savings needed for retirement.
Affordable and expensive retirement destinations— A comparison of high-cost states like Hawaii versus budget-friendly states such as Arkansas.
Alternative retirement options, including international living— Exploring cost-effective retirement choices abroad.

Many Prologis employees will retire after decades of service and careful financial planning. What is needed to retire comfortably varies greatly state by state, and some places require much larger reserves.

What Does Your Retirement Need?

GoBankingRates recently researched the amount needed to retire comfortably and found it to be fairly conservative. It uses data from the Federal Reserve Economic Data, the Zillow Home Value Index and the Social Security Administration.

The report examines savings needed for each age bracket assuming retirement at 65 and age 85. That assumes average Social Security payments of around USD 1,876 per month per person, which accounts for the required 20-year savings.

Cost Variations by State

For Prologis workers in New Jersey, Colorado and Maryland, more than USD 1 million may be needed to live comfortably after retirement. The most expensive state is Hawaii, which requires more than USD 3 million in estimated savings to cover retirement costs including Social Security benefits.

Conversely, states like Arkansas and Mississippi have more modest retirement scenarios with estimated savings needs of less than USD 500,000. Such areas might attract retirees who want affordability with a desirable lifestyle.

Considering International Retirement?

Those open to living abroad find Mexico and Portugal an economical but fulfilling retirement option. Lower living costs, tax incentives and structured residency programs may all help with financial security in retirement.

Choosing the Right Location

Prologis professionals need to consider geographic options and how they affect long-term financial security. For more on state-specific retirement affordability, visit GoBankingRates (link).

It also names top U.S. cities for retirement - Naples, Florida, or Sun City, Arizona. There is affordability, quality healthcare and a strong community life in these locations - factors that are becoming more important for retirement planning.

Final Thoughts

Prologis workers may want to read the latest GoBankingRates findings about what retirement savings are needed. This analysis details financial considerations for a secure retirement - whether in West Virginia or Hawaii - a high-cost financial destination.

Planning for retirement is preparing for an extended voyage. As sailors map their routes and anticipate changes in the sea, so must retirees navigate financial landscapes to create a structured retirement plan. All states have their advantages and disadvantages, like the conditions that mariners face.

Articles you may find interesting:

Source:

1. Kiplinger Staff. The Minimum Savings You Need To Retire in All 50 States . Kiplinger, Nov. 2024, www.kiplinger.com/retirement/social-security/minimum-savings-to-retire-by-state . Accessed 15 Apr. 2025.

2. International Living Staff. Best Places to Retire in 2025: The Annual Global Retirement Index . International Living, 28 Nov. 2024, internationalliving.com/the-best-places-to-retire/. Accessed 15 Apr. 2025.

3. AARP Staff. “9 Great Affordable Places to Retire Abroad.” AARP , Feb. 2025, www.aarp.org/retirement/planning-for-retirement/info-2025/places-to-retire-abroad-cheap.html . Accessed 15 Apr. 2025.

4. Csiszar, John. “15 Most Affordable Places To Retire Abroad.” Nasdaq , 25 Aug. 2024, www.nasdaq.com/articles/15-most-affordable-places-retire-abroad . Accessed 15 Apr. 2025.

4. Investopedia Staff. Retirement Living Costs: These 6 States Will Drain Your Savings the Fastest . Investopedia, Nov. 2024, www.investopedia.com/most-expensive-states-to-retire-8729918 . Accessed 15 Apr. 2025.

What is the Prologis 401(k) Savings Plan?

The Prologis 401(k) Savings Plan is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out, helping them prepare for retirement.

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

You can enroll in the Prologis 401(k) Savings Plan by logging into the employee portal and following the enrollment instructions or by contacting the HR department for assistance.

What is the employer match for the Prologis 401(k) Savings Plan?

Prologis offers a competitive employer match for contributions made to the 401(k) Savings Plan, which can significantly enhance your retirement savings.

At what age can I start contributing to the Prologis 401(k) Savings Plan?

Employees at Prologis can start contributing to the 401(k) Savings Plan as soon as they meet the eligibility requirements, typically upon hire or after a short waiting period.

How much can I contribute to the Prologis 401(k) Savings Plan each year?

The contribution limits for the Prologis 401(k) Savings Plan are set by the IRS and can change annually. Employees should check the current limits to maximize their contributions.

Does Prologis offer a Roth option in its 401(k) Savings Plan?

Yes, Prologis provides the option to contribute to a Roth 401(k) within its 401(k) Savings Plan, allowing employees to make after-tax contributions.

Can I take a loan from my Prologis 401(k) Savings Plan?

Yes, Prologis allows employees to take loans from their 401(k) Savings Plan under certain conditions. Employees should review the plan’s loan policy for details.

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

The Prologis 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

How can I change my contribution percentage for the Prologis 401(k) Savings Plan?

You can change your contribution percentage for the Prologis 401(k) Savings Plan by accessing the employee portal or by contacting the HR department for guidance.

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

If you leave Prologis, you have several options for your 401(k) Savings Plan, including rolling it over to an IRA or a new employer’s plan, cashing it out, or leaving it with Prologis.