Healthcare Provider Update: Offers a range of medical plans including Bronze, Silver, and Gold tiers, with dental and vision options and HSA eligibility 3. As ACA subsidies phase out, Veritivs tiered plan structure allows employees to select coverage that aligns with their financial and health needs, helping avoid steep marketplace costs. Click here to learn more
The pursuit of a fulfilling post Veritiv 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 Veritiv 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 Veritiv 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 Veritiv 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 Veritiv offer to its employees?
Veritiv offers a 401(k) retirement savings plan to help employees save for their future.
Does Veritiv match employee contributions to the 401(k) plan?
Yes, Veritiv provides a matching contribution to the 401(k) plan, helping employees maximize their retirement savings.
What is the eligibility requirement for Veritiv employees to participate in the 401(k) plan?
Employees at Veritiv are eligible to participate in the 401(k) plan after completing a specified period of service, typically within their first year of employment.
How can Veritiv employees enroll in the 401(k) plan?
Veritiv employees can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
What investment options are available in Veritiv's 401(k) plan?
Veritiv's 401(k) plan offers a variety of investment options, including mutual funds and target-date funds, to suit different risk tolerances and investment goals.
Can Veritiv employees change their contribution percentage to the 401(k) plan?
Yes, Veritiv employees can change their contribution percentage at any time, allowing them to adjust their savings based on their financial situation.
What is the maximum contribution limit for Veritiv's 401(k) plan?
The maximum contribution limit for Veritiv's 401(k) plan is in line with IRS guidelines, which may change annually. Employees should check the current limit for the year.
Does Veritiv allow for catch-up contributions in the 401(k) plan?
Yes, Veritiv allows employees aged 50 and older to make catch-up contributions to their 401(k) plan, enabling them to save more for retirement.
What happens to the 401(k) savings if a Veritiv employee leaves the company?
If a Veritiv employee leaves the company, they have several options for their 401(k) savings, including rolling it over to an IRA or a new employer's plan, or cashing it out.
Are there any fees associated with Veritiv's 401(k) plan?
Yes, Veritiv's 401(k) plan may have administrative and investment fees, which are disclosed in the plan's summary documents.