What Broadridge Financial Solutions Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider for Broadridge Financial Solutions Broadridge Financial Solutions does not directly provide healthcare services; instead, it typically partners with major health insurers to offer comprehensive health insurance options to its employees. Employees at Broadridge often have access to plans from insurers like UnitedHealthcare, Anthem, Cigna, and others, depending on their location and specific employer agreements. Potential Healthcare Cost Increases in 2026 As 2026 approaches, significant healthcare cost increases loom for those enrolled in Affordable Care Act (ACA) marketplace plans. Premium rates are projected to rise sharply, with some states anticipating hikes of over 60%. This surge is influenced by escalating medical costs, such as hospital services and prescription drugs, alongside the potential expiration of enhanced federal subsidies. If these enhancements are not renewed, individuals could see their out-of-pocket healthcare expenses rise by over 75%, severely impacting access to affordable health coverage. For Broadridge Financial Solutions employees, it is crucial to assess the implications of these potential increases on their healthcare budgeting and coverage decisions. Click here to learn more

For example, Broadridge Financial Solutions 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 Broadridge Financial Solutions 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 Broadridge Financial Solutions 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 Broadridge Financial Solutions employees.

Simply for political, economic, and social reasons, many Broadridge Financial Solutions 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 Broadridge Financial Solutions.

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 Broadridge Financial Solutions 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, Broadridge Financial Solutions 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. 'Broadridge Financial Solutions 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 Broadridge Financial Solutions offer to its employees?

   Broadridge Financial Solutions offers a 401(k) retirement savings plan to help employees save for their future.

   How does Broadridge Financial Solutions match employee contributions to the 401(k) plan?

   Broadridge Financial Solutions provides a matching contribution to the 401(k) plan, typically matching a percentage of employee contributions, up to a certain limit.

   Can employees of Broadridge Financial Solutions choose how to invest their 401(k) contributions?

   Yes, employees at Broadridge Financial Solutions can choose from a variety of investment options for their 401(k) contributions, including stocks, bonds, and mutual funds.

   What is the eligibility requirement for employees to participate in the 401(k) plan at Broadridge Financial Solutions?

   Employees of Broadridge Financial Solutions are generally eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.

   Does Broadridge Financial Solutions offer any educational resources for employees regarding their 401(k) plan?

   Yes, Broadridge Financial Solutions provides educational resources and tools to help employees understand their 401(k) options and make informed investment decisions.

   What is the vesting schedule for the company match in Broadridge Financial Solutions' 401(k) plan?

   The vesting schedule for the company match at Broadridge Financial Solutions typically follows a graded vesting schedule, meaning employees earn ownership of the match over a period of time.

   Are there any fees associated with the 401(k) plan at Broadridge Financial Solutions?

   Yes, there may be administrative and investment fees associated with the 401(k) plan at Broadridge Financial Solutions, which are disclosed in the plan documents.

   Can employees take loans against their 401(k) balance at Broadridge Financial Solutions?

   Yes, Broadridge Financial Solutions allows employees to take loans against their 401(k) balance, subject to certain terms and conditions outlined in the plan.

   What happens to an employee's 401(k) account if they leave Broadridge Financial Solutions?

   If an employee leaves Broadridge Financial Solutions, they can either roll over their 401(k) balance to another retirement account, leave it in the plan, or withdraw the funds, subject to tax implications.

   Is there an automatic enrollment feature in the 401(k) plan at Broadridge Financial Solutions?

   Yes, Broadridge Financial Solutions may offer an automatic enrollment feature, which automatically enrolls eligible employees in the 401(k) plan unless they opt out.

   With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
   Broadridge Financial Solutions announced a major restructuring plan, including significant layoffs and changes to their pension plans. This includes a shift towards a more technology-focused workforce and adjustments to their defined benefit plans.