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Discover the Top Retirement Destinations for Live Nation Entertainment Employees in 2023: Where to Thrive After Your Career

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Regardless of age, profession, and living location, many individuals possess the ultimate goal of retiring comfortably, including those employed in Live Nation Entertainment. 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 Live Nation Entertainment 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 Live Nation Entertainment, 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 Live Nation Entertainment 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 Live Nation Entertainment 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 Live Nation Entertainment , 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 Live Nation Entertainment 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 .

What type of retirement plan does Live Nation Entertainment offer to its employees?

Live Nation Entertainment offers a 401(k) retirement savings plan to its employees.

Is participation in the 401(k) plan at Live Nation Entertainment mandatory?

No, participation in the 401(k) plan at Live Nation Entertainment is voluntary; employees can choose to enroll.

What is the employer match percentage for the 401(k) plan at Live Nation Entertainment?

Live Nation Entertainment offers a competitive employer match for the 401(k) plan, typically matching a percentage of employee contributions, up to a certain limit.

How can employees at Live Nation Entertainment enroll in the 401(k) plan?

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

What investment options are available in the Live Nation Entertainment 401(k) plan?

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

When can employees at Live Nation Entertainment start contributing to their 401(k) plan?

Employees at Live Nation Entertainment can start contributing to their 401(k) plan after completing their eligibility period, which is typically outlined in the plan documents.

Does Live Nation Entertainment allow employees to take loans against their 401(k) savings?

Yes, Live Nation Entertainment allows employees to take loans against their 401(k) savings, subject to certain conditions and limits.

What is the vesting schedule for employer contributions in the Live Nation Entertainment 401(k) plan?

The vesting schedule for employer contributions in the Live Nation Entertainment 401(k) plan is typically outlined in the plan documents and may vary based on years of service.

Can employees at Live Nation Entertainment change their contribution percentage at any time?

Yes, employees at Live Nation Entertainment can change their contribution percentage at any time, subject to the plan’s guidelines.

What happens to an employee’s 401(k) account if they leave Live Nation Entertainment?

If an employee leaves Live Nation Entertainment, they have several options for their 401(k) account, including rolling it over to another retirement account or leaving it with Live Nation Entertainment, depending on the plan rules.

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For more information you can reach the plan administrator for Live Nation Entertainment at , ; or by calling them at .

*Please see disclaimer for more information

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