<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 Targa Resources Retirees Are Choosing Málaga, Spain: Discover the Expat Life That Brings Joy and Community

image-table

Healthcare Provider Update: Targa Resources offers medical, dental, and vision insurance, along with HSA/FSA options and mental health benefits 2. With ACA insurers requesting double-digit hikes for 2026, Targas internal coverage may help employees avoid steep out-of-pocket increases expected in the marketplace. Click here to learn more

The pursuit of a fulfilling post Targa Resources 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 Targa Resources 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 Targa Resources 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 Targa Resources 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 primary purpose of Targa Resources' 401(k) Savings Plan?

The primary purpose of Targa Resources' 401(k) Savings Plan is to help employees save for retirement by allowing them to contribute a portion of their salary on a pre-tax or Roth after-tax basis.

How can employees at Targa Resources enroll in the 401(k) Savings Plan?

Employees at Targa Resources can enroll in the 401(k) Savings Plan by completing the online enrollment process through the company’s benefits portal during the enrollment period or after they become eligible.

What is the employer match contribution policy for Targa Resources' 401(k) Savings Plan?

Targa Resources offers a competitive employer match for contributions made to the 401(k) Savings Plan, typically matching a percentage of employee contributions up to a certain limit.

What types of investment options are available in Targa Resources' 401(k) Savings Plan?

Targa Resources' 401(k) Savings Plan provides a variety of investment options, including mutual funds, target-date funds, and company stock, allowing employees to tailor their investment strategy.

At what age can employees at Targa Resources start withdrawing from their 401(k) Savings Plan without penalties?

Employees at Targa Resources can start withdrawing from their 401(k) Savings Plan without penalties at age 59½, provided they have separated from service or are still employed.

Does Targa Resources allow loans against the 401(k) Savings Plan?

Yes, Targa Resources allows employees to take loans against their 401(k) Savings Plan, subject to specific terms and conditions outlined in the plan documents.

Can employees at Targa Resources change their contribution percentage to the 401(k) Savings Plan at any time?

Yes, employees at Targa Resources can change their contribution percentage to the 401(k) Savings Plan at any time through the benefits portal.

What happens to an employee's 401(k) Savings Plan balance if they leave Targa Resources?

If an employee leaves Targa Resources, they can choose to leave their balance in the plan, roll it over to another qualified retirement plan, or cash it out, subject to taxes and penalties.

Is there a vesting schedule for employer contributions in Targa Resources' 401(k) Savings Plan?

Yes, Targa Resources has a vesting schedule for employer contributions, meaning employees must work for the company for a certain period before they fully own the employer match.

How often can employees at Targa Resources review their 401(k) Savings Plan statements?

Employees at Targa Resources can review their 401(k) Savings Plan statements quarterly through the benefits portal or receive them via mail.

New call-to-action

Additional Articles

Check Out Articles for Targa Resources employees

Loading...

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

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Targa Resources employees