What Americold Realty Trust Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider for Americold Realty Trust: Americold Realty Trust does not directly list a specific healthcare provider within the available data. However, it typically offers employee health benefits through common providers affiliated with its health plans. Employees are encouraged to review their benefits package for pertinent details regarding insurance networks and available healthcare providers. Healthcare Cost Increases in 2026: As Americold Realty Trust prepares for 2026, employees should brace for significant increases in healthcare costs. Premiums on Affordable Care Act (ACA) marketplace plans are anticipated to surge, with some states projecting hikes of over 60%. The expiration of enhanced federal subsidies, coupled with rising medical costs and aggressive rate increases from major insurers, may result in employees facing out-of-pocket premiums increasing by over 75%. Understanding these changes will be vital for Americold employees to manage their financial planning effectively in the coming year. Click here to learn more

For example, Americold Realty Trust employees planning on moving overseas need to have a clear plan of action to overcome the challenges of acquiring residency and citizenship in another country,' according to Brent Wolf from The Retirement Group at Wealth Enhancement Group.

Kevin Landis of The Retirement Group, a division of Wealth Enhancement Group, explains why detailed planning is crucial for Americold Realty Trust employees who intend to retire abroad. However,

In this article we will discuss:

1. The complexity of obtaining residency or citizenship abroad: Discussing the legal, financial, and cultural issues that are involved in moving overseas for Americold Realty Trust employees.

2. The necessity of professional advice and planning: Emphasizing the importance of thorough preparation and professional advice to ensure a smooth transition to retiring abroad.

3. Tax advantages and financial planning for retirees: Explaining the possible tax advantages that are available through international treaties and the strategic financial planning that needs to be done for the retirement savings of Americold Realty Trust employees.

Simply for political, economic, and social reasons, many Americold Realty Trust employees are looking to secure citizenship or residency in other countries if the United States is not as attractive as it once was. But, getting residency in another country and, perhaps, citizenship is not as simple as just buying a plane ticket and setting an itinerary.

This is because there are many processes that may take a few years to accomplish at times. The more people who are considering these options, the more difficult these choices become. It is therefore crucial to identify the legal, financial, and cultural implications that arise in order to ensure a smooth transition to a new home overseas before embarking on this journey.

Without a proper plan and some professional advice, it can be quite a challenge to switch gears and retire during your tenure at Americold Realty Trust.

The impact of potential tax advantages when retiring abroad will definitely affect your financial position. Many countries, including the United States, have tax treaties that prevent income from being taxed twice. For instance, pensioners are attracted to Portugal by the Non-Habitual Resident (NHR) regime that offers special tax concessions for up to 10 years.

You can enhance your retirement benefits by taking advantage of these perks and seeking the advice of a tax specialist. The IRS notes that because these treaties can be very different it is important to research and seek the advice of a professional (IRS, 2023). These advantages must be used by Americold Realty Trust employees to enhance their retirement.

Expatriating and retiring is a process of planning a long and beautiful road trip. Just as you would not travel without a map, a well-maintained car, and knowledge of your location, Americold Realty Trust employees who are retiring abroad need to plan carefully.

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Step by step, you will be guided on how to make your transition to your new home easier, from explaining cultural differences and tax benefits to helping you understand the legal and financial environment. Just as a road trip opens new views and experiences, retirement abroad presents a world of possibilities for a happy and comfortable retirement.

Sources:

1. The Warren Street Wealth Advisors Team. 'Americold Realty Trust and Large Company Employees.' Warren Street Wealth Advisors, 3 Feb. 2025, Accessed from warrenstreetwealth.com.

2. 'US Taxes for Americans Retiring Abroad in 2025.' MyExpatTaxes, 20 Nov. 2024, Accessed 3 Feb. 2025 from myexpattaxes.com.

3. Toms, Mary, CPA, MBA, MS. 'US Tax Implications of Retiring Abroad: What You Need to Know.' PBMares, 10 Dec. 2024, Accessed 3 Feb. 2025 from pbmares.com.

4. 'Financial Planning for US Expatriates.' The Expat Financial, Accessed 3 Feb. 2025 from expatfinancial.com.

5. 'Retiring Overseas: What You Need to Know About Your US Taxes and Financial Planning.' Expat CPA, Accessed 3 Feb. 2025 from expatcpa.com.

   What type of retirement savings plan does Americold Realty Trust offer to its employees?

   Americold Realty Trust offers a 401(k) retirement savings plan to its employees.

   Does Americold Realty Trust match employee contributions to the 401(k) plan?

   Yes, Americold Realty Trust provides a matching contribution to employee 401(k) plan contributions, subject to certain limits.

   What is the eligibility requirement for employees to participate in Americold Realty Trust's 401(k) plan?

   Employees of Americold Realty Trust are typically eligible to participate in the 401(k) plan after completing a specified period of service.

   Can employees of Americold Realty Trust choose how their 401(k) contributions are invested?

   Yes, employees of Americold Realty Trust can choose from a variety of investment options for their 401(k) contributions.

   What is the maximum contribution limit for the Americold Realty Trust 401(k) plan?

   The maximum contribution limit for the Americold Realty Trust 401(k) plan is subject to IRS limits, which may change annually.

   Does Americold Realty Trust allow for catch-up contributions in its 401(k) plan?

   Yes, Americold Realty Trust allows employees aged 50 and older to make catch-up contributions to their 401(k) plan.

   What happens to my 401(k) balance if I leave Americold Realty Trust?

   If you leave Americold Realty Trust, you can choose to roll over your 401(k) balance to another retirement account, cash it out, or leave it in the Americold Realty Trust plan if permitted.

   Are loans available against the 401(k) plan at Americold Realty Trust?

   Yes, Americold Realty Trust allows eligible employees to take loans against their 401(k) balance under certain conditions.

   How often can employees change their contribution amounts to the Americold Realty Trust 401(k) plan?

   Employees of Americold Realty Trust can typically change their contribution amounts at any time, subject to plan rules.

   Is there a vesting schedule for the employer match in the Americold Realty Trust 401(k) plan?

   Yes, Americold Realty Trust has a vesting schedule for the employer match, which means employees must work for a certain period to fully own the matched funds.

   With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
   In 2024, Americold Realty Trust announced a restructuring plan that includes a reduction in workforce and changes to its pension plan. The company aims to streamline operations and cut costs amid a challenging economic environment.