Discover the Top Retirement Destinations for Air Products & Chemicals Employees in 2023: Where to Thrive After Your Career

Healthcare Provider Update: Healthcare Provider for Air Products & Chemicals Air Products & Chemicals, a leading global industrial gas company, typically offers healthcare benefits through its corporate health insurance provider, which is often designated by a primary insurer like Cigna, UnitedHealthcare, or Aetna. However, details on the specific healthcare provider may vary based on employee location and plan selection, as companies often contract with multiple insurers to tailor their offerings. Potential Healthcare Cost Increases in 2026 In 2026, Air Products & Chemicals, like many employers, may face significant increases in healthcare costs due to a perfect storm of factors affecting the Affordable Care Act (ACA) marketplace. With projected premium hikes that could exceed 60% in some states and the potential expiration of federal premium subsidies, employees enrolled in corporate health plans may see a staggering rise in out-of-pocket costs. Consequently, the cumulative effect of these changes may lead companies to reevaluate their benefits strategy and assess how to absorb or pass on these rising expenses to employees, fundamentally altering the landscape of employer-sponsored health coverage. Click here to learn more

Regardless of age, profession, and living location, many individuals possess the ultimate goal of retiring comfortably, including those employed in Air Products & Chemicals. With that under consideration, it is imperative to acknowledge that retirement does not necessarily have equal value across state lines. One’s state of residency determines their taxes, cost of living, and climate, making some locations more desirable and fitting for retirement to certain Air Products & Chemicals employees. In addition, income and purchasing power can have different values in various locations of the country. For the purpose of this article, we will be ranking the top states that are ideal for retirement.

 

For those employed in Air Products & Chemicals, spontaneously moving to a different country with desirable characteristics for retirement may seem appealing. Despite that, it is crucial to consider working with a financial advisor to increase your likelihood of success and consolidate a solid financial plan that will cater to your retirement needs. Research suggests people who work with a financial advisor feel more at ease about their finances and could end up with about 15% more money to spend in retirement . ¹  When taking that into account, those working for Air Products & Chemicals may benefit from meeting with an advisor at The Retirement Group and running a complimentary cash flow analysis to better understand their future prospects for retirement.

 

Best States for Minimizing Taxes in Retirement

When contemplating a comfortable retirement, those employed in Air Products & Chemicals must recognize how reducing tax liability is a top priority. The following states listed below either have no state income tax, no tax on retirement income, or a substantial discount on the taxes levied on retirement income. These states also have no state income tax, and favorable sales, property, inheritance, and estate taxes.

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• Alaska

• Florida

• Georgia

• Mississippi

• Nevada

• South Dakota

• Wyoming

As an employee of Air Products & Chemicals , if those states aren’t appealing to you, you may want to consider the subsequent tier of states with reduced taxation. While the tax benefits aren’t up to par with the ones mentioned above, these following states have no taxes on social security income. As an example, Washington has no state income tax but has a 6.5% state sales tax. With that under consideration, while it is essential for Air Products & Chemicals employees to look into the pros and cons of taxation when considering retirement in another state, finding a home that is suitable and comfortable for your needs is of utmost importance as well.

• Alabama
• Arkansas

• Colorado

• Delaware

• Idaho

• Illinois

• Kentucky

• Louisiana

• Michigan

• New Hampshire

• Oklahoma

• Pennsylvania

• South Carolina

• Tennessee

• Texas

• Virginia

• Washington

• West Virginia

 

Reference(s):

https://magazine.northeast.aaa.com/daily/money/retirement/the-true-cost-of-a-financial-advisor-revealed/#:~:text=Still%2C%20research%20suggests%20people%20who,an%20advisor%20over%2025%20years .