What Boston Properties Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider for Boston Properties Boston Properties, a prominent real estate investment trust, typically offers its employees a range of health insurance options through various providers. Among the main insurers likely to serve its workforce are UnitedHealthcare, Anthem, and Aetna, which already operate substantial networks in the regions where Boston Properties is active. Potential Healthcare Cost Increases in 2026 In 2026, Boston Properties employees can expect significant increases in healthcare costs, primarily driven by anticipated hikes in Affordable Care Act (ACA) marketplace premiums. With some states reporting increases of over 60%, the loss of enhanced federal premium subsidies is expected to adversely affect the majority of marketplace enrollees. This may result in out-of-pocket premium costs rising by as much as 75% for many individuals. Employees of Boston Properties should proactively assess their health insurance options and prepare for these potentially steep costs as they plan for their upcoming healthcare needs. Click here to learn more

For example, Boston Properties 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 Boston Properties 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 Boston Properties 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 Boston Properties employees.

Simply for political, economic, and social reasons, many Boston Properties 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 Boston Properties.

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 Boston Properties 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, Boston Properties 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. 'Boston Properties 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 Boston Properties offer to its employees?

   Boston Properties offers a 401(k) retirement savings plan to its employees.

   Does Boston Properties match employee contributions to the 401(k) plan?

   Yes, Boston Properties provides a matching contribution to employee contributions made to the 401(k) plan, subject to certain limits.

   What is the eligibility requirement for Boston Properties employees to participate in the 401(k) plan?

   Employees of Boston Properties are generally eligible to participate in the 401(k) plan after completing a specified period of service.

   Can Boston Properties employees choose how their 401(k) contributions are invested?

   Yes, employees at Boston Properties can choose from a variety of investment options for their 401(k) contributions.

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

   Yes, Boston Properties has a vesting schedule for employer matching contributions, which outlines how long employees must work to fully own those contributions.

   What are the contribution limits for the Boston Properties 401(k) plan?

   The contribution limits for the Boston Properties 401(k) plan align with the IRS limits, which may change annually.

   Can Boston Properties employees take loans against their 401(k) savings?

   Yes, Boston Properties allows employees to take loans against their 401(k) savings, subject to the plan’s terms and conditions.

   How can Boston Properties employees access their 401(k) account information?

   Employees can access their 401(k) account information through the designated online portal provided by Boston Properties’ plan administrator.

   Does Boston Properties offer a Roth 401(k) option?

   Yes, Boston Properties offers a Roth 401(k) option, allowing employees to make after-tax contributions.

   What happens to a Boston Properties employee's 401(k) account if they leave the company?

   If a Boston Properties employee leaves the company, they can choose to roll over their 401(k) account to another retirement account or leave it with Boston Properties, subject to the plan's rules.

   With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
   Layoffs and Restructuring: Boston Properties announced a significant restructuring plan, resulting in the layoff of approximately 10% of its workforce. The company is focusing on reducing operational costs and improving efficiency in response to current market conditions.