What Camping World Holdings Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider for Camping World Holdings Camping World Holdings does not have a singular healthcare provider as it provides various employee benefits, including health insurance options through various insurance partners. Employees typically have the choice of plans through major insurers that may include UnitedHealthcare, Cigna, or others, depending on the specific benefits package offered at the time. Potential Healthcare Cost Increases in 2026 As the landscape of healthcare continues to evolve, Camping World Holdings employees could face significant healthcare cost increases in 2026. Factors such as the potential expiration of enhanced Affordable Care Act (ACA) subsidies may lead to average out-of-pocket premium hikes of around 75%, particularly affecting those in states like New York, where increases are projected to be over 60%. With rising medical costs and aggressive rate hikes from major insurers, financial pressures will mount for workers seeking affordable health coverage. Click here to learn more

For example, Camping World Holdings 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 Camping World Holdings 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 Camping World Holdings 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 Camping World Holdings employees.

Simply for political, economic, and social reasons, many Camping World Holdings 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 Camping World Holdings.

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 Camping World Holdings 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, Camping World Holdings employees who are retiring abroad need to plan carefully.

Featured Video

Articles you may find interesting:

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. 'Camping World Holdings 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 Camping World Holdings?

   The 401(k) plan at Camping World Holdings is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

   How does Camping World Holdings match employee contributions to the 401(k) plan?

   Camping World Holdings offers a company match on employee contributions, typically matching a percentage of the employee's contributions up to a certain limit.

   Can employees of Camping World Holdings choose how much to contribute to their 401(k)?

   Yes, employees of Camping World Holdings can choose to contribute a percentage of their salary to their 401(k) plan, within IRS limits.

   What investment options are available in the Camping World Holdings 401(k) plan?

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

   When can employees of Camping World Holdings enroll in the 401(k) plan?

   Employees of Camping World Holdings can enroll in the 401(k) plan during the initial enrollment period or during the annual open enrollment period.

   Is there a vesting schedule for the Camping World Holdings 401(k) plan?

   Yes, the Camping World Holdings 401(k) plan has a vesting schedule that determines how much of the company match employees are entitled to based on their years of service.

   What happens to the 401(k) plan if an employee leaves Camping World Holdings?

   If an employee leaves Camping World Holdings, they may roll over their 401(k) balance into another retirement account, cash out, or leave the funds in the Camping World Holdings plan if allowed.

   Does Camping World Holdings allow loans against the 401(k) plan?

   Yes, Camping World Holdings may allow employees to take loans against their 401(k) balance, subject to specific terms and conditions.

   Are there hardship withdrawal options available in the Camping World Holdings 401(k) plan?

   Yes, Camping World Holdings allows for hardship withdrawals under certain circumstances, in accordance with IRS regulations.

   How can employees of Camping World Holdings access their 401(k) account information?

   Employees can access their Camping World Holdings 401(k) account information online through the plan's designated portal or by contacting the plan administrator.

   With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
   Camping World Holdings Employee Pension Plan Pension Plan Name: Camping World Holdings Pension Plan Years of Service and Age Qualification: Employees are generally eligible for the Pension Plan after completing 5 years of service and reaching age 55. Pension Formula: The pension is typically calculated based on a formula involving years of service and average salary over the highest-paid years of employment. Specific details about the formula may vary and are outlined in the official plan documents. Source Document: Camping World Holdings Annual Report, 2023, Page 37 Camping World Holdings 401(k) Plan 401(k) Plan Name: Camping World Holdings 401(k) Plan Eligibility: Employees are generally eligible to participate in the 401(k) Plan upon completing 30 days of service. Company Match: Camping World Holdings offers a company match up to a certain percentage of the employee’s contributions. Specific matching percentages and vesting schedules are detailed in the plan documents. Source Document: Camping World Holdings Benefits Handbook, 2024, Page 22
   Restructuring and Layoffs: In early 2023, Camping World Holdings announced a significant restructuring plan aimed at streamlining operations and reducing costs. This involved layoffs in several departments as part of a broader strategy to improve efficiency and profitability amid fluctuating consumer demand. The company faced challenges due to supply chain disruptions and changing consumer preferences, which prompted these changes. Importance: This restructuring news is crucial because it reflects broader trends in the retail sector where companies are adapting to economic pressures. Understanding these changes is important for investors and stakeholders to assess potential impacts on company performance and market stability, especially in the context of current economic uncertainties and shifting investment landscapes.
   Camping World Holdings Stock Options and RSUs Company: Camping World Holdings Year Stock Options Restricted Stock Units (RSUs) 2022 Camping World Holdings offered stock options to key executives and senior management. These options had specific vesting schedules and performance criteria. The details can be found in the company's 2022 Annual Report, page 54. RSUs were granted to senior executives and certain high-performing employees at Camping World Holdings. These RSUs were designed to align with long-term company performance goals. For specifics, refer to the 2022 Annual Report, page 56. 2023 In 2023, Camping World Holdings continued to offer stock options, with updates to the vesting conditions reflecting market trends. Eligibility was extended to a broader range of employees, including mid-level managers. Details are in the 2023 Proxy Statement, page 45. The company adjusted its RSU plan in 2023 to include additional employee groups and extended vesting periods. This information is detailed in the 2023 Proxy Statement, page 48. 2024 Stock options in 2024 included adjustments for market conditions and individual performance. Stock options were available to top executives and key employees. For more details, see the 2024 Annual Report, page 60. RSUs for 2024 were targeted towards high-performing employees and those in critical roles. The specifics can be found in the 2024 Annual Report, page 62.
   Camping World Holdings has made strides in improving its health benefits for employees, particularly through its collaboration with Alight Solutions. Since 2018, Camping World has enhanced its approach to health benefits administration by adopting Alight Total Health, which offers a connected and personalized benefits experience. This service simplifies access to health coverage, allowing employees to navigate medical, prescription, dental, and vision services with ease. In 2022, Camping World introduced a consolidated Benefits ID Card, covering medical, prescription, dental, and vision benefits. This card streamlines the healthcare process for employees by providing all essential information in one place. Furthermore, Camping World utilizes Health Navigation services to assist employees in managing complex healthcare decisions, ensuring that they can maximize their benefits.