If they can ramp up testing, get tested clear. They can go to work. 55 and older, you need to get cleared.
65 and older...stay inside.
I am not thrilled with the idea...
The 401(k) was the single worst financial product ever created. It has lead to short term thinking, poor seniors, and has handed incredible power to a small group of financial analysts who will crush your company if you don’t dance to their tune.
Plus, Americans on average, have become financial morons.
There were a LOT of people who should have known better who got caught with little cash and all stocks when this went down. People who were too old to be mostly in stocks still. Good financial planners will give you a % that should work in most circumstances.
If you’re too old to see a good market again should that take 5 or 10 years, you were too old to be in stocks to begin with unless you can stand to lose most of what that nugget is.
With your plan, who pays the catastrophic medical bills for those cleared to go back to work if they get sick enough to need hospitalization?
“The 401(k) was the single worst financial product ever created.”
Telling people you should leave the 401K investment were it is at, the market will come back. The problem with that some of us do not have 10 years for the things to come back.
Another issue with 401K they are not truly diversified.
I move my 401K from a high risk to a stable fund because I saw it before it happen.
Yes, has led to laziness.
I remember on FR in the early 2000's and some people were lamenting that they had put most? / all? of the Enron 401(k) in Enron stock! There were stories of managers pressuring employees to do that. I remember thinking - there's no way the company has access to what each employee is invested in - how could they know?
Knew some people who did the same with DEC and EK. Luckily the slide to oblivion was more gradual.