New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Navigating Retirement: A Guide for Zebra Technologies Employees

'Zebra Technologies 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.

'Zebra Technologies 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 Zebra Technologies 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 Zebra Technologies 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

Zebra Technologies 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

Zebra Technologies 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 type of retirement plan does Zebra Technologies offer to its employees?

Zebra Technologies offers a 401(k) retirement savings plan to its employees.

Does Zebra Technologies provide a company match for its 401(k) contributions?

Yes, Zebra Technologies provides a company match for employee contributions to the 401(k) plan, subject to certain limits.

How can employees at Zebra Technologies enroll in the 401(k) plan?

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

What is the minimum age to participate in the Zebra Technologies 401(k) plan?

Employees must be at least 21 years old to participate in the Zebra Technologies 401(k) plan.

Are there any eligibility requirements for the 401(k) plan at Zebra Technologies?

Yes, employees must meet specific eligibility requirements, including a minimum service period, to participate in the Zebra Technologies 401(k) plan.

What types of investment options are available in the Zebra Technologies 401(k) plan?

The Zebra Technologies 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Can employees at Zebra Technologies take loans against their 401(k) savings?

Yes, Zebra Technologies allows employees to take loans against their 401(k) savings, subject to the plan’s terms and conditions.

What is the vesting schedule for the company match in the Zebra Technologies 401(k) plan?

The vesting schedule for the company match in the Zebra Technologies 401(k) plan typically follows a graded vesting schedule over several years.

How often can employees change their contribution percentage to the Zebra Technologies 401(k) plan?

Employees at Zebra Technologies can change their contribution percentage to the 401(k) plan at any time, subject to the plan’s rules.

Does Zebra Technologies offer financial education resources for employees regarding the 401(k) plan?

Yes, Zebra Technologies provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.

Additional Articles

Check Out Articles for Zebra Technologies employees

For more information you can reach the plan administrator for Zebra Technologies at 3 Overlook Point Lincolnshire, IL 60069; or by calling them at 847-464-8010.