Regardless of age, profession, and living location, many individuals possess the ultimate goal of retiring comfortably, including those employed in Playtika Holding. 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 Playtika Holding 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 Playtika Holding, 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 Playtika Holding 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 Playtika Holding 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 Playtika Holding , 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 Playtika Holding 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):
What type of retirement savings plan does Playtika Holding offer to its employees?
Playtika Holding offers a 401(k) retirement savings plan to its employees.
Does Playtika Holding provide any employer matching contributions to the 401(k) plan?
Yes, Playtika Holding offers an employer matching contribution to help employees maximize their retirement savings.
What is the eligibility requirement for employees to participate in Playtika Holding's 401(k) plan?
Employees at Playtika Holding are eligible to participate in the 401(k) plan after completing a specified period of employment, typically within the first year.
Can employees of Playtika Holding choose how to invest their 401(k) contributions?
Yes, employees of Playtika Holding can choose from a variety of investment options within the 401(k) plan.
Is there a vesting schedule for employer contributions in Playtika Holding's 401(k) plan?
Yes, Playtika Holding has a vesting schedule that determines how long employees must work to fully own employer contributions.
How can employees at Playtika Holding access their 401(k) account information?
Employees can access their 401(k) account information through the designated online portal provided by Playtika Holding's plan administrator.
What is the maximum contribution limit for employees participating in Playtika Holding's 401(k) plan?
The maximum contribution limit for employees in Playtika Holding's 401(k) plan is determined by IRS guidelines, which may change annually.
Does Playtika Holding allow for loans against the 401(k) balance?
Yes, Playtika Holding allows employees to take loans against their 401(k) balance under certain conditions.
Are there any penalties for early withdrawal from the 401(k) plan at Playtika Holding?
Yes, early withdrawals from Playtika Holding's 401(k) plan may incur penalties as per IRS regulations.
What happens to an employee's 401(k) balance if they leave Playtika Holding?
If an employee leaves Playtika Holding, they can roll over their 401(k) balance to another retirement account or leave it in the Playtika Holding plan, subject to the plan's rules.