What Cboe Global Markets Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider for Cboe Global Markets Cboe Global Markets provides health insurance through a comprehensive benefits package that typically includes coverage via larger national insurers, including UnitedHealthcare and Anthem Blue Cross Blue Shield, among others. These providers offer a range of healthcare plans and services that cater to the diverse needs of Cboe employees. Potential Healthcare Cost Increases in 2026 As the health insurance landscape evolves, Cboe Global Markets employees should prepare for significant increases in their healthcare costs. In 2026, premiums for Affordable Care Act (ACA) plans are projected to surge, with certain states experiencing hikes of over 60%. Contributing factors include the potential expiration of enhanced federal subsidies, ongoing medical inflation, and escalating costs of specialty drugs. These changes could significantly impact employees' out-of-pocket expenses, necessitating careful financial planning and consideration of more economical healthcare options. Click here to learn more

For example, Cboe Global Markets 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 Cboe Global Markets 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 Cboe Global Markets 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 Cboe Global Markets employees.

Simply for political, economic, and social reasons, many Cboe Global Markets 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 Cboe Global Markets.

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 Cboe Global Markets 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, Cboe Global Markets 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. 'Cboe Global Markets 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 Cboe Global Markets offer to its employees?

   Cboe Global Markets offers a 401(k) retirement savings plan to its employees.

   Can employees of Cboe Global Markets contribute to their 401(k) plan?

   Yes, employees of Cboe Global Markets can contribute a portion of their salary to their 401(k) plan.

   What is the maximum contribution limit for the Cboe Global Markets 401(k) plan?

   The maximum contribution limit for the Cboe Global Markets 401(k) plan is determined by IRS regulations and may change annually.

   Does Cboe Global Markets offer a matching contribution for its 401(k) plan?

   Yes, Cboe Global Markets provides a matching contribution to eligible employees' 401(k) accounts.

   When can employees at Cboe Global Markets enroll in the 401(k) plan?

   Employees at Cboe Global Markets can enroll in the 401(k) plan during their initial onboarding period or during the annual open enrollment period.

   Are there vesting requirements for the matching contributions at Cboe Global Markets?

   Yes, Cboe Global Markets has a vesting schedule for matching contributions, which means employees must work for the company for a certain period before they fully own those contributions.

   What investment options are available in the Cboe Global Markets 401(k) plan?

   The Cboe Global Markets 401(k) plan offers a variety of investment options, including mutual funds and target-date funds.

   How can employees of Cboe Global Markets access their 401(k) account information?

   Employees of Cboe Global Markets can access their 401(k) account information through the company's designated retirement plan portal.

   Can employees take loans against their 401(k) balance at Cboe Global Markets?

   Yes, Cboe Global Markets allows employees to take loans against their 401(k) balance, subject to specific terms and conditions.

   What happens to the 401(k) plan if an employee leaves Cboe Global Markets?

   If an employee leaves Cboe Global Markets, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave it in the Cboe Global Markets plan if eligible.

   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, Cboe Global Markets announced a restructuring plan that includes reducing its workforce by 10% as part of a broader cost-cutting initiative aimed at streamlining operations and focusing on core business areas. The company also revealed changes to its employee benefits package, including reductions in healthcare coverage and adjustments to retirement plan contributions.