<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Learn More

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

image-table

Healthcare Provider Update: For Parsons, the primary healthcare provider is the UnitedHealthcare plan, particularly significant as it is one of the largest insurers in the country, alongside others that may service Parsons employees depending on their locations. As we move into 2026, healthcare costs are expected to escalate dramatically due to a combination of factors affecting the Affordable Care Act (ACA) marketplace. Reports anticipate substantial premium increases, with some states seeing hikes of over 60%. This surge is primarily driven by deteriorating medical cost trends and the looming expiration of enhanced federal premium subsidies, which could result in out-of-pocket premium payments rising by an average of over 75% for approximately 92% of marketplace enrollees - a situation that poses significant financial challenges for individuals relying on ACA coverage. Thus, Parsons employees are advised to consider these developments carefully as they plan their healthcare for the upcoming year. Click here to learn more

The pursuit of a fulfilling post Parsons 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 Parsons 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 Parsons 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.

Featured Video

Articles you may find interesting:

Loading...

A significant consideration for Parsons 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 is the 401(k) plan offered by Parsons?

The 401(k) plan at Parsons is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out, helping them build a nest egg for retirement.

How does Parsons match employee contributions to the 401(k) plan?

Parsons offers a company match on employee contributions to the 401(k) plan, typically matching a percentage of the employee's contributions up to a certain limit.

When can employees at Parsons enroll in the 401(k) plan?

Employees at Parsons can enroll in the 401(k) plan during their initial onboarding process or during the annual open enrollment period.

What investment options are available in Parsons' 401(k) plan?

Parsons' 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

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

Yes, employees at Parsons may be able to take loans against their 401(k) savings, subject to the plan's terms and conditions.

What is the vesting schedule for Parsons' 401(k) plan?

The vesting schedule for Parsons' 401(k) plan determines how long employees must work at the company before they fully own the employer's contributions, which may vary based on tenure.

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

Employees at Parsons can access their 401(k) account information through the company's designated retirement plan website or mobile app.

What happens to the 401(k) plan if an employee leaves Parsons?

If an employee leaves Parsons, they have several options regarding their 401(k) plan, including rolling it over to a new employer's plan or an IRA, or cashing it out, subject to taxes and penalties.

Does Parsons offer any financial education resources related to the 401(k) plan?

Yes, Parsons provides financial education resources and workshops to help employees understand their 401(k) options and make informed investment choices.

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

Yes, there may be administrative fees and investment fees associated with Parsons' 401(k) plan, which are disclosed in the plan's documentation.

New call-to-action

Additional Articles

Check Out Articles for Parsons employees

Loading...

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

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Parsons employees