Discover the Top Retirement Destinations for Bath & Body Works Employees in 2023: Where to Thrive After Your Career

Healthcare Provider Update: Healthcare Provider for Bath & Body Works Bath & Body Works, a subsidiary of L Brands, typically offers its employees access to healthcare benefits through major providers like UnitedHealthcare, Aetna, and Anthem Blue Cross Blue Shield. These providers usually offer a range of plans, including medical, dental, and vision coverage to support employee health and wellness. Potential Healthcare Cost Increases in 2026 In 2026, Bath & Body Works employees may see a significant rise in healthcare costs due to anticipated premium hikes in the Affordable Care Act (ACA) marketplace. Preliminary reports indicate that some states could face increases exceeding 60%, largely due to the expiration of enhanced federal subsidies and rising medical costs. For many consumers, especially those on ACA plans, out-of-pocket premium payments may rise by more than 75%, challenging financial stability. As record profits flood the insurance industry, it highlights the growing tension between consumer affordability and corporate profit margins, prompting a careful reevaluation of healthcare options for employees moving forward. 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 Bath & Body Works. 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 Bath & Body Works 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 Bath & Body Works, 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 Bath & Body Works 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 Bath & Body Works 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 Bath & Body Works , 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 Bath & Body Works 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 .