What Boyd Gaming Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider Information for Boyd Gaming: Boyd Gaming provides healthcare benefits to its employees through a partnership with several major insurance carriers. While the specific provider may vary by region and plan, it is known that companies like UnitedHealthcare are frequently used to provide ACA-compliant health insurance options for Boyd Gaming employees. Potential Healthcare Cost Increases in 2026: In 2026, Boyd Gaming employees can expect significant healthcare cost increases, driven by various market dynamics. With health insurance premiums under the Affordable Care Act projected to rise sharply-and in some states exceeding 60%-many enrollees could face a staggering 75% hike in out-of-pocket costs if enhanced federal subsidies expire. Factors such as ongoing medical inflation, rising prescription prices, and hefty insurer rate increases are complicating the landscape, thereby necessitating strategic financial planning for employees approaching early retirement or anticipating major healthcare needs. Click here to learn more

For example, Boyd Gaming 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 Boyd Gaming 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 Boyd Gaming 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 Boyd Gaming employees.

Simply for political, economic, and social reasons, many Boyd Gaming 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 Boyd Gaming.

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 Boyd Gaming 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, Boyd Gaming 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. 'Boyd Gaming 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 is the 401(k) plan offered by Boyd Gaming?

   Boyd Gaming offers a 401(k) plan that allows employees to save for retirement by contributing a portion of their salary on a pre-tax basis.

   How can I enroll in Boyd Gaming's 401(k) plan?

   You can enroll in Boyd Gaming's 401(k) plan by completing the enrollment form provided by the HR department or through the employee benefits portal.

   Does Boyd Gaming match employee contributions to the 401(k) plan?

   Yes, Boyd Gaming offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

   What is the maximum contribution limit for Boyd Gaming's 401(k) plan?

   The maximum contribution limit for Boyd Gaming's 401(k) plan follows IRS guidelines, which may change annually. Employees should check the latest limits each year.

   When can I start contributing to Boyd Gaming's 401(k) plan?

   Employees at Boyd Gaming can start contributing to the 401(k) plan after completing their eligibility requirements, typically within the first few months of employment.

   Can I change my contribution percentage in Boyd Gaming's 401(k) plan?

   Yes, employees can change their contribution percentage at any time by submitting a request through the employee benefits portal or HR.

   What investment options are available in Boyd Gaming's 401(k) plan?

   Boyd Gaming's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

   How often can I change my investment choices in Boyd Gaming's 401(k) plan?

   Employees can change their investment choices in Boyd Gaming's 401(k) plan as often as they wish, subject to any trading restrictions set by the plan.

   Is there a vesting schedule for Boyd Gaming's 401(k) matching contributions?

   Yes, Boyd Gaming has a vesting schedule for matching contributions, which means that employees must work for a certain period to fully own the employer's contributions.

   How can I access my Boyd Gaming 401(k) account?

   You can access your Boyd Gaming 401(k) account online through the employee benefits portal or by contacting the plan administrator for assistance.

   With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
   Boyd Gaming announced a restructuring plan to reduce operational costs by 10% over the next year, including potential layoffs in non-core departments. The company is also reviewing its pension plan to ensure sustainability amidst current economic pressures.