LIFE HAPPENS

Planning for Retirement

It’s never too soon to start planning for retirement; you want to be sure you have everything in place, so you can fully enjoy your golden years.

Fidelity offers calculators and planning tools to help you reach your financial goals. Just log in to netbenefits.com and select the Plan & Learn section at the top left side of the page.

You can also take the Fidelity Financial Checkup to see where you stand with your finances and get tips on how to improve your well-being going forward.

If you participate in the 401(k), you can get personalized financial planning support from Fidelity online or by phone; for more complex needs, you can get help at a local Fidelity Investor Center—all at no cost. To get started, visit Fidelity online at netbenefits.com or call 800.835.5095.

You can start receiving distributions without penalty after age 59-1/2. You are required to take a minimum distribution after age 72.

Yes, you can use funds in your HSA to pay for healthcare expenses in retirement. Once you reach age 65, you can also use your HSA to pay for any non-qualified medical expenses; however, you’ll have to pay state and federal taxes on those distributions. An HSA is an excellent source of retirement savings in addition to a traditional 401(k).

Note that once you enroll in Medicare, you can no longer contribute to your HSA; however, you can continue to use the money in your account to pay for qualified and non-qualified medical expenses.

You automatically become eligible for Medicare Parts A (Hospitalization), B (Doctors), and D (Drugs) when you turn age 65. Part A is free and Parts B and D have premiums. If you are covered under a Peraton medical plan, you can choose not to enroll in Medicare. When you are no longer covered under a Peraton medical plan, you can enroll in Medicare without penalty.

You’re first eligible to sign up for Medicare three months before you turn age 65. You may be able to get Medicare earlier if you have a disability, End-Stage Renal Disease (ESRD) or ALS (also known as Lou Gehrig’s disease).

If you are enrolled in a Peraton medical plan, as long you are an active participant (not COBRA), you and your spouse’s coverage with the Peraton plan remains primary (Peraton plan pays first) for you and your dependents, even if you and/or your spouse are also enrolled in Medicare.

Note: Visit Medicare.gov for the latest on what they offer and official rules.

You have the option to convert your supplemental life insurance to an individual policy or continue supplemental health plan insurance (Accidental Injury, Critical Illness, or Hospital Indemnity) on an individual policy basis.

Helpful Resources

Learn more about these benefits and the steps you’ll need to take to start preparing for retirement:

Real stories.
Real Peraton employees.

Real stories.
Real Peraton employees.

Check out what your peers have to say about the valuable benefits and programs Peraton provides to help you get and stay well.

Luis, Peraton Employee
Carrum Health

Flavius H., Peraton Employee
Accolade | Virta | MetLife

More Stories

Learn more

View the Benefits & Beyond Interactive Guide to learn more about your Peraton benefits.

View 2025 Benefits Guide