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These Countries Are Safer for Retirees Than the U.S. – What LKQ Employees Need to Know

'LKQ employees planning their retirement should consider the stability and peace of their chosen destination, as a tranquil environment not only enhances well-being but can also offer financial advantages, such as tax exemptions, making for a truly rewarding retirement experience.' – Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement.

'LKQ employees looking to retire abroad should prioritize destinations that combine peace, low cost of living, and favorable tax incentives, as these factors contribute to a more relaxed and financially efficient retirement.' – Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article, we will discuss:

The most peaceful countries for retirees in 2025, including Portugal, Malaysia, and Costa Rica.
Key factors, such as the Global Peace Index and Global Retirement Index, influencing retirement destinations.
The lifestyle and financial benefits of retiring in these peaceful countries, specifically for LKQ employees.

Retirement should be a time of comfort, leisure, and, most importantly, well-being. After years of hard work at LKQ, the freedom to relax in a calm and tranquil setting becomes essential. According to a recent International Living study, the most peaceful countries for retirees in 2025 were identified using data from the Global Peace Index and the Global Retirement Index. This list features countries like Portugal, Malaysia, and Costa Rica, all renowned for their low crime rates and peaceful environments, offering retirees an opportunity to live with less stress.

The research was compiled by International Living's team using their annual Global Retirement Index, which rates countries based on factors like health care, cost of living, infrastructure, and overall quality of life for seniors. The inclusion of the Global Peace Index, which measures political stability and crime rates, lends further depth to this list. These countries are ideal for those looking for a calm and serene retirement abroad, as they score highly on both indexes, making them particularly relevant for LKQ employees considering life after retirement.

Why These Nations Stand Out

The countries highlighted in International Living's 2025 list not only provide a peaceful and stable environment but also offer economic benefits such as affordable health care and low living costs. Portugal, for instance, consistently ranks highly for its tranquility and low crime rate. With its welcoming culture and excellent infrastructure, Portugal is an attractive option for those seeking a slower pace of life without sacrificing comfort. It ranks 7th on the Global Peace Index and 2nd on the Global Retirement Index, making it a top choice for retirees, including LKQ employees.

One retiree interviewed by International Living, who has lived in Portugal for over seven years, shares that the country offers a 'sense of calm that wraps around you like a warm blanket—steady, comforting, and always present.' With its peaceful environment and high standard of living, Portugal may provide an ideal retreat for retirees, including LKQ employees looking to unwind after years of hard work.

Malaysia, ranked 7th on the Global Retirement Index and 10th on the Global Peace Index, is another top destination. Known for its blend of modernity and tradition, Malaysia is a peaceful, cosmopolitan country that boasts low crime rates and a laid-back lifestyle. Cities like Penang and Langkawi are especially popular with expatriates. An expat interviewed by International Living, a 16-year resident of Malaysia, emphasizes that the country’s cultural respect and harmonious cohabitation are key to its tranquility—ideal for those from LKQ looking for a calm place to retire.

Another favorite among retirees is Costa Rica, which ranks 3rd on the Global Retirement Index. Despite its lower ranking on the Global Peace Index (38th), Costa Rica is known for its natural beauty, stable democracy, and affordable health care. 'I'm grateful that my kids have grown up on the beach, surrounded by nature's playground,' says an International Living interviewee, who has lived in Costa Rica since 2013. Costa Rica offers retirees a lifestyle that is harmonious with nature, making it an appealing choice for those from LKQ looking for a peaceful retirement.

Other Noteworthy Retirement Locations

In addition to Portugal, Malaysia, and Costa Rica, several other countries offer peaceful and tranquil retirement options. Ireland, ranked 2nd on the Global Peace Index and 15th on the Global Retirement Index, is another excellent option. With its stable political climate, low crime rate, and high-quality health care, Ireland provides a peaceful and enjoyable lifestyle for retirees, including those from LKQ, who are seeking relaxation in retirement.

Vietnam, ranked 16th on the Global Retirement Index and 41st on the Global Peace Index, is also gaining popularity among retirees. With its vibrant culture, affordable living, and stunning landscapes, Vietnam offers a cost-effective and tranquil retirement option for those, including LKQ employees, looking to settle in Southeast Asia.

Uruguay, often overlooked, ranks 14th on the Global Retirement Index and 52nd on the Global Peace Index. Known for its low crime rates and political stability, Uruguay provides retirees with a peaceful lifestyle and a friendly, welcoming community. With easy access to both the beach and countryside, Uruguay offers a relaxed and affordable way of life—perfect for those from LKQ seeking a laid-back retirement.

Retirement Planning and Global Peace Index

When considering potential retirement destinations, the Global Peace Index is an important factor. In 2024, the United States ranked 132nd on the Global Peace Index, which is much lower than many of the countries listed by International Living. For LKQ employees seeking peace of mind, it's important to consider not only the cost of living but also the stability and tranquility of the country.

For those planning to retire abroad, the level of stability should be a key consideration. Retirees who settle in countries with high Global Peace Index scores are more likely to feel at ease, allowing them to enjoy their retirement without the concerns of living in an unstable region. Whether it’s the peaceful streets of Portugal, the cultural harmony of Malaysia, or the natural beauty of Costa Rica, these countries offer retirees, including those from LKQ, the ideal setting for a worry-free life.

In Conclusion

Retirement is a time to enjoy the fruits of years of hard work and planning, and choosing the right location is essential for a fulfilling future. According to International Living, the most peaceful retirement locations offer a blend of affordability, stability, and tranquility, making them perfect for those seeking a calm and enjoyable lifestyle. By considering both the Global Retirement Index and the Global Peace Index, LKQ employees can make informed decisions about where to spend their golden years, helping them enjoy a high quality of life and stability.

Many of the countries on this list, including Portugal and Malaysia, also provide retirees with significant financial advantages. Portugal, for example, offers a tax structure for non-habitual residents that allows retirees to enjoy tax exemptions on certain types of income for up to ten years. Malaysia also offers tax breaks, including exemptions on foreign pension income. These tax benefits can help reduce the overall cost of retirement abroad, which may be particularly appealing for LKQ employees looking to stretch their retirement savings.

For LKQ employees planning their retirement, exploring these countries may provide the perfect opportunity to enjoy a tranquil and affordable retirement. Consider retiring in a place that offers both financial incentives and a calm, tranquil environment where you can truly unwind.

Selecting the right retirement destination is like choosing a second home. The United States, while offering many benefits, can be like living in a bustling city where the constant activity may detract from the tranquility you desire. Countries like Portugal, Malaysia, and Costa Rica offer a quieter, more peaceful environment—much like a relaxing retreat—where you can enjoy the calm and serenity of retirement, making them the perfect destination for LKQ employees seeking a less stressful future.

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Sources:

1. International Living Editorial Team. 'The 2025 Annual Global Retirement Index.' International Living , Apr. 2025, https://internationalliving.com/the-best-places-to-retire/?utm_source=chatgpt.com .

2. Institute for Economics & Peace. 'Global Peace Index 2024.' Vision of Humanity , June 2024, https://www.economicsandpeace.org/wp-content/uploads/2024/06/GPI-2024-web.pdf?utm_source=chatgpt.com .

3. Travel + Leisure Editorial Team. 'These Countries Were Just Named Safer for Retirees Than the U.S.' Travel + Leisure , May 2025, https://www.travelandleisure.com/countries-safer-for-retirement-than-usa-11739864?utm_source=chatgpt.com .

4. Kiplinger Editorial Team. 'Retire in Costa Rica for Expat Heaven.' Kiplinger , May 2025, https://www.kiplinger.com/retirement/happy-retirement/retire-in-costa-rica-for-expat-heaven?utm_source=chatgpt.com .

5. SeniorLiving.org Editorial Team. 'Best Places to Retire for Seniors in 2025.' SeniorLiving.org , Mar. 2025, https://www.seniorliving.org/retirement/best-places/?utm_source=chatgpt.com .

What type of retirement savings plan does LKQ offer to its employees?

LKQ offers a 401(k) retirement savings plan to help employees save for their future.

How can employees at LKQ enroll in the 401(k) plan?

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

Does LKQ provide any matching contributions to the 401(k) plan?

Yes, LKQ offers a matching contribution to the 401(k) plan, which helps employees boost their retirement savings.

What is the vesting schedule for LKQ's 401(k) matching contributions?

The vesting schedule for LKQ's matching contributions typically follows a standard schedule, which employees can review in the plan documents.

Are there any fees associated with LKQ's 401(k) plan?

Yes, there may be administrative fees associated with LKQ's 401(k) plan, and employees can find detailed information in the plan's summary.

Can employees at LKQ take loans against their 401(k) savings?

Yes, LKQ allows employees to take loans against their 401(k) savings, subject to certain terms and conditions outlined in the plan.

What investment options are available in LKQ’s 401(k) plan?

LKQ’s 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How often can LKQ employees change their 401(k) contribution amounts?

Employees at LKQ can change their 401(k) contribution amounts at any time, typically through the HR portal or by contacting HR.

Is there a minimum contribution requirement for LKQ's 401(k) plan?

Yes, LKQ may have a minimum contribution requirement, which employees can find detailed information about in the plan documents.

What is the maximum contribution limit for LKQ's 401(k) plan?

The maximum contribution limit for LKQ's 401(k) plan is in accordance with IRS guidelines, which are updated annually.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

LKQ Corporation provides its employees with a 401(k) plan known as the LKQ Corporation Employees' Retirement Plan. This plan is managed through Principal and covers over 22,000 employees. Eligible employees can participate by contributing a portion of their salary, and LKQ offers a matching contribution. As of 2022, LKQ allocated $17.6 million in matching contributions, with a discretionary match rate of 48.75% based on the participant’s deferrals. The 401(k) plan includes pre-tax and Roth after-tax contributions, and the company match vests incrementally—50% after two years, 75% after three years, and 100% after four years of service. This allows employees to maximize their retirement savings while maintaining control over their contributions and investments. LKQ’s retirement benefits primarily focus on their 401(k) plan, and the plan year runs from January 1st to December 31st. Although the company's focus is more on 401(k), there is also a provision for employees to roll over old 401(k) accounts into this plan or withdraw funds, subject to tax penalties if applicable (SEC.gov) (Capitalize).

In 2023 and 2024, LKQ Corporation has undergone a significant restructuring effort aimed at streamlining operations across its global footprint. The company implemented a Global Restructuring Plan to enhance operational efficiency, divesting from non-strategic markets and optimizing its core businesses. This restructuring aligns with the broader market pressures of increased competition and fluctuating economic conditions, particularly in the automotive aftermarket industry (GuruFocus) (GlobeNewswire). Additionally, LKQ acquired Uni-Select in 2024, marking a strategic move to expand its geographical reach and customer base, particularly in Europe (GlobeNewswire). Given the current economic uncertainties and tax implications, addressing the restructuring news is crucial for investors and stakeholders. It highlights how companies like LKQ are adapting to market demands, enhancing their financial health, and positioning themselves for future growth. LKQ Corporation Alongside restructuring, LKQ has maintained a focus on employee benefits and pensions. The company's 401(k) plan allows employees to make pre-tax and Roth contributions, with a gradual vesting schedule based on years of service (LKQ Europe). However, LKQ has faced challenges with maintaining its financial standing due to external pressures such as economic instability in its operational regions (North America, Europe, Taiwan). This instability could affect LKQ’s ability to maintain competitive employee benefits in the future (GlobeNewswire). The global economic environment, changing tax laws, and the company's ongoing restructuring make it vital to review these changes as they may impact long-term employee financial security and influence future corporate strategies. Investors and employees alike should be informed of these developments, as they directly impact the company’s workforce and operational capabilities.

LKQ Corporation provides stock options and Restricted Stock Units (RSUs) as part of its compensation packages, designed to reward employees and align their interests with shareholders. The specific details of these benefits have evolved over the years, with notable updates in 2022, 2023, and 2024. For stock options, LKQ grants options to purchase company shares at a predetermined price, often the market value at the time of the grant. These options typically vest over a period, meaning employees must remain with the company for a certain number of years before they can exercise their options. LKQ uses the acronym "SO" to refer to these stock options. RSUs at LKQ are typically granted to senior management and key employees. RSUs represent a promise to deliver shares of LKQ stock once certain conditions, such as continued employment over a vesting period, are met. Unlike stock options, RSUs do not require the employee to pay an exercise price. The acronym "RSU" is commonly used within LKQ to refer to these units. The 2022 and 2023 annual reports indicate that these stock-based compensation plans are key to retaining top talent. For 2024, LKQ continues to expand its RSU offerings to more employees as part of its commitment to competitive compensation. Employees eligible for these benefits are typically those in management roles or those who have been identified as critical to the company's strategic initiatives.

LKQ Corporation offers its employees a comprehensive range of health benefits, which includes medical, dental, and vision coverage. The company's health plans are designed with a focus on affordability and preventive care, offering options for Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). LKQ’s plans also emphasize wellness initiatives, such as telehealth services, to ensure employees have access to care when needed. In recent years, the company has incorporated high-deductible health plans (HDHPs) to manage costs, alongside the traditional Preferred Provider Organization (PPO) plans. Employees have expressed that while the coverage is solid, out-of-pocket costs for some services, especially under the HDHPs, can be significant. LKQ has made a concerted effort to balance premium costs with coverage comprehensiveness, which has been well-received by its workforce. The importance of monitoring LKQ's health benefits closely is magnified by the ongoing economic and political shifts in healthcare regulations and taxation policies. With increasing healthcare costs and the potential for changes in healthcare law, companies like LKQ are under pressure to continuously adapt their benefits offerings. In the context of rising inflation and economic uncertainty, maintaining affordable yet comprehensive coverage becomes critical for both the employees and the company. Additionally, as LKQ continues to expand and integrate acquisitions, such as Uni-Select, it must ensure that its healthcare offerings remain competitive across its diverse workforce. Addressing these benefits within this volatile economic and political landscape is essential for retaining talent and managing operational costs (Investor Relations) (Nasdaq).

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

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