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Why Caleres Retirees Are Choosing Málaga, Spain: Discover the Expat Life That Brings Joy and Community

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Healthcare Provider Update: Caleres provides employees with medical, dental, and vision insurance, along with HSA and FSA options. The company offers a 401(k) plan with up to 6.5% contribution, life and disability insurance, education assistance, and paid time off. Additional benefits include pet insurance, employee discounts, and charitable match programs 4. Caleres As ACA premiums climb, Caleres diverse benefits and employer contributions offer employees a cost-effective alternative to individual coverage. Strategic planning in 2025 can help employees maximize these offerings before marketplace costs spike. Click here to learn more

The pursuit of a fulfilling post Caleres retirement life or a tranquil lifestyle change has led many to consider the prospect of emigrating. The allure of new destinations, cultural enrichment, and improved quality of life are compelling reasons for such a significant life decision. In 2021, a notable shift was observed when I embarked on my own journey, moving from the United States to Portugal to complete my Ph.D. This move opened up a world of possibilities and introduced me to an international community thriving in various global locales.

In this context, the recent 2023 Expat City Rankings by InterNations, a prominent expat community website with over 5 million members, offers invaluable insights. This comprehensive study, deriving its data from the annual Expat Insider survey, involved 12,065 participants who shared their experiences of living and working abroad. The survey meticulously evaluated 49 nations across five critical dimensions: Quality of Life, Ease of Settling In, Working Abroad, Personal Finance, and Expat Essentials.

The findings of this survey are particularly insightful for Caleres Retirees considering to move abroad. Málaga, Spain, emerged as the premier European destination for expats. This city earned the highest global rating for Local Friendliness, with 89% of respondents acknowledging the warm welcome from locals, significantly higher than the global average of 65%. Additionally, Málaga’s high Quality of Life Index score, attributed to its favorable climate and abundant natural spaces, further cements its appeal.

Spain, as a country, demonstrates remarkable consistency in offering an enriching expat experience, with Alicante and Valencia ranking second and third, respectively. These cities are lauded for their ease of integration, high quality of life, and favorable personal finance conditions. Notably, Málaga and Alicante also score high in Expat Essentials, including aspects like housing.

Conversely, the survey also sheds light on less favorable expat destinations. Rome and Milan, for instance, were ranked low by participants, primarily due to subpar quality of life and limited work opportunities. However, it's worth noting that personal experiences can vary, and the rich cultural backdrop of these cities may still appeal to many.

For Caleres individuals contemplating a move abroad, whether for retirement or lifestyle reasons, such comprehensive surveys offer crucial insights. They not only highlight the potential hotspots but also provide a realistic perspective on the challenges and rewards of expat life. The full rankings and detailed insights can be accessed at internations.org, serving as a valuable resource for informed decision-making in this life-altering journey.

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A significant consideration for Caleres individuals in their 60s contemplating expatriation is healthcare accessibility and quality. According to the 'Healthcare Index 2023' by Numbeo, Spain, particularly cities like Málaga, ranks impressively high for healthcare services. This index evaluates the overall quality of healthcare, including factors such as expertise of medical staff, equipment quality, and patient satisfaction. For retirees and those nearing retirement from high-profile careers, this aspect of Málaga's living experience is a crucial factor, ensuring a blend of enjoyable lifestyle and reliable healthcare, a paramount concern at this stage of life.

Choosing a European city for expatriation is akin to selecting the perfect wine from a well-curated cellar. Just as a connoisseur evaluates wine based on its richness, flavor, and aging potential, the article evaluates expat destinations based on quality of life, local friendliness, and personal finance benefits. Málaga, Spain, emerges as the vintage bottle that perfectly balances robust flavors and a satisfying finish. It's the choice that promises a delightful experience, much like a well-aged wine offering a complex, yet harmonious taste, ideal for those with a refined palate and an appreciation for life's finer experiences. Just as a seasoned wine enthusiast would value a rare vintage, those in their 60s, with a wealth of life and career experience, will find Málaga's blend of culture, climate, and community the perfect composition for a fulfilling next chapter.

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

Caleres offers a 401(k) retirement savings plan to its employees.

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

Employees can enroll in the Caleres 401(k) plan by completing the enrollment process through the company's designated benefits portal or by contacting the HR department for assistance.

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

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

What is the eligibility requirement for employees to participate in Caleres' 401(k) plan?

Employees must meet specific eligibility criteria, such as age and length of service, to participate in Caleres' 401(k) plan.

Can employees at Caleres change their contribution amounts to the 401(k) plan?

Yes, employees at Caleres can change their contribution amounts to the 401(k) plan at any time, subject to the plan's rules.

What investment options are available in the Caleres 401(k) plan?

The Caleres 401(k) plan offers a variety of investment options, including mutual funds and target-date funds, allowing employees to choose based on their risk tolerance and retirement goals.

Is there a vesting schedule for employer contributions in Caleres' 401(k) plan?

Yes, Caleres has a vesting schedule for employer contributions, which determines when employees have full ownership of those contributions.

How can employees at Caleres access their 401(k) account information?

Employees can access their 401(k) account information through the online portal provided by the plan administrator or by contacting Caleres' HR department.

What happens to an employee's 401(k) account if they leave Caleres?

If an employee leaves Caleres, they have several options for their 401(k) account, including rolling it over to another retirement account, cashing it out, or leaving it in the Caleres plan if allowed.

Are loans available through the Caleres 401(k) plan?

Yes, Caleres allows employees to take loans against their 401(k) balance, subject to the plan's terms and conditions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Caleres has announced a significant restructuring plan, including layoffs across several departments. The company is focusing on streamlining operations and reducing overhead costs.
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For more information you can reach the plan administrator for Caleres at 8300 Maryland Ave. St. Louis, MO 63105; or by calling them at +1 314-854-4000.

*Please see disclaimer for more information

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