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

Discover the Best Places for Resideo Technologies Employees to Retire in New England

Healthcare Provider Update: Healthcare Provider Information for Resideo Technologies Resideo Technologies primarily partners with several health insurance providers to offer health benefits to its employees. The exact healthcare providers may vary based on geographic location and specific employee plans; however, many employees utilize plans from major insurers such as UnitedHealthcare, Anthem, and Cigna, as these are prevalent in the market. Potential Healthcare Cost Increases in 2026 In 2026, employees of Resideo Technologies may confront a significant rise in healthcare costs due to a combination of factors. Insurers are requesting premium increases of up to 66% in several states, creating a challenging landscape for many employees relying on Affordable Care Act (ACA) marketplace plans. Coupled with the potential expiration of enhanced federal premium subsidies, nearly 92% of affected policyholders could see their out-of-pocket costs surge by over 75%. This scenario emphasizes the need for employees to review their healthcare options early and align their coverage with anticipated financial needs. Click here to learn more

Despite New England's reputation for high living costs, difficult tax laws, and harsh winters, this region continues to attract retirees with its beautiful seasons and rich historical backdrop. According to a national movers research conducted annually by United Van Lines, Vermont and Rhode Island were the most popular retirement locations in the United States in 2023. This realization inspires a closer look at the area's retirement appeal, considering factors such as cost of living, safety, access to healthcare, and cultural vibrancy, especially for Resideo Technologies employees.

Connecticut: The Twofold Allure of Middletown

Beginning in Connecticut, Middletown, with an average family income of $90,731, is a prime example of the typical high-cost Northeastern municipality. The average income for residents 65 years of age and above is $47,599. Despite these figures, Middletown continues to attract retirees, especially because of its connection to Wesleyan University. By providing low-cost and free educational options through the Wesleyan Institute for Lifelong Learning, the university enriches the town's cultural landscape. With violent crime rates at a low 0.99 per 1,000 population, this area is significantly safer than nearby Hartford, where rates are 5.68 per 1,000.

Maine: The Urban Charm of Portland Amid Natural Magnificence

Portland, Maine, offers a desirable blend of access to the outdoors and metropolitan conveniences. Its downtown is lively, home to theaters, museums, and a wide variety of restaurants. The famous L.L. Bean store in Freeport, which is near the city, attracts both residents and visitors. In addition to beaches, the area provides winter sports like cross-country skiing and snowshoeing, as well as outdoor pursuits like fishing and kayaking, making it an attractive spot for Resideo Technologies employees seeking an active retirement.

Massachusetts: The Affordability of Pittsfield in a Cultural Center

In an otherwise pricey state, Pittsfield, Massachusetts, offers a more affordable option. The cost of living in the town is significantly less than that of large cities like Cambridge and Boston. Here, the average home value is $282,706, substantially less than the statewide average. Pittsfield is also known for its vibrant cultural environment, further enhanced by neighboring establishments like the Tanglewood Music Center and MASS MoCA.

Laconia, New Hampshire: Lakeside Living

With Gunstock Mountain Resort close by, Laconia, New Hampshire, nestled between Lake Winnipesaukee and Winnisquam Lake, offers a wealth of recreational possibilities. The local crime rate reflects the low state average of 1.26 crimes per 1,000 residents. Notable tax perks also exist here; New Hampshire grants exemptions from the state's interest and dividend taxes in addition to not taxing Social Security benefits, making it an attractive location for Resideo Technologies retirees.

Rhode Island: The Creative and Intellectual Offerings of Providence

For retirees engaged in creative and intellectual endeavors, Providence, Rhode Island, is a notable destination. The city is home to the Rhode Island School of Design and Brown University, and it boasts a booming restaurant scene, numerous cultural events, and educational options. With Providence's average home value of $382,032 and the state's average effective property tax rate of 1.53%, retirees should exercise caution when considering the state's higher-than-average property tax rates.

Vermont: The Academically Rich and Eco-Friendly Burlington Environment

Nestled on the shores of Lake Champlain, Burlington, Vermont, is popular among environmentally conscious retirees due to its thriving local food movement and establishments such as Seventh Generation. Numerous outdoor activities, including biking, hiking, and water sports, are available in the city. Vermont is financially challenging due to its high taxes and cost of living. In Burlington, the average home value is $512,485, and nursing home costs are very high. Nonetheless, a significant educational benefit is added by the University of Vermont, which grants free tuition to state residents 65 and older, a great perk for Resideo Technologies employees seeking continued learning.

Decisions Driven by Data

These decisions are supported by thorough data analysis:

Costs of living information is sourced from Payscale.com.

Featured Video

Articles you may find interesting:

Point2homes.com provides average income figures for those 65 years of age and above.
The U.S. Census Bureau provides information on healthcare facilities, household incomes, and poverty rates.
The scores for physical and community well-being are from Sharecare and Gallup, components of the larger Gallup-Sharecare Well-Being Index.

This comprehensive analysis of retirement locations in New England reveals a complex yet alluring world for seniors. When weighing economic and safety factors against cultural diversity, scenic beauty, and educational options, New England presents a compelling option for Resideo Technologies employees seeking a rewarding post-retirement lifestyle.

New England boasts some of the best healthcare facilities in the country, an important consideration for retirees. Boston's Massachusetts General Hospital ranked among the country's top five hospitals in U.S. News & World Report's 2023 rankings. For retirees who place a high value on their health and wellness, proximity to first-rate medical care ensures access to excellent healthcare services as they age.

Choosing the right retirement location in New England is akin to selecting a fine vintage wine. Retirees appreciate Middletown, Portland, Pittsfield, Laconia, Providence, and Burlington for their rich cultural offerings, historical significance, and tranquil landscapes, just as a connoisseur values a wine's complex flavors, elegant aging process, and regional characteristics. Each location promises a fulfilling retirement with its own balance of safety, healthcare accessibility, and recreational options, making them excellent choices for Resideo Technologies employees.

What is the 401(k) plan offered by Resideo Technologies?

The 401(k) plan at Resideo Technologies is a retirement savings plan that allows employees to save a portion of their earnings on a tax-deferred basis.

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

Resideo Technologies offers a company match for employee contributions, which is typically a percentage of the employee's contribution, up to a specified limit.

What are the eligibility requirements to participate in the Resideo Technologies 401(k) plan?

Employees of Resideo Technologies are generally eligible to participate in the 401(k) plan after completing a specific period of service, usually outlined in the employee handbook.

Can employees of Resideo Technologies make changes to their 401(k) contributions?

Yes, employees of Resideo Technologies can change their contribution amounts at any time, subject to specific guidelines set by the plan.

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

The Resideo Technologies 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Is there a vesting schedule for the employer match in the Resideo Technologies 401(k) plan?

Yes, Resideo Technologies has a vesting schedule for the employer match, meaning employees must work for a certain period to fully own the matched contributions.

How can employees of Resideo Technologies access their 401(k) account information?

Employees can access their 401(k) account information through the online portal provided by the plan administrator, which is accessible via the Resideo Technologies employee resources page.

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

If an employee leaves Resideo Technologies, they can choose to roll over their 401(k) balance into another retirement account, cash out, or leave it in the Resideo plan, subject to the plan's rules.

Are loans available from the 401(k) plan at Resideo Technologies?

Yes, Resideo Technologies allows employees to take loans from their 401(k) accounts under certain conditions, as specified in the plan documents.

Can employees of Resideo Technologies withdraw funds from their 401(k) before retirement?

Employees may be able to withdraw funds from their 401(k) before retirement under specific circumstances, such as financial hardship, but penalties may apply.