What Crestwood Equity Partners Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider for Crestwood Equity Partners: Crestwood Equity Partners primarily utilizes industry-standard options for employee health insurance, typically engaging with larger national providers that participate in the Affordable Care Act (ACA) marketplace. The specific healthcare provider might vary based on the plan options selected during annual open enrollment. Employees are encouraged to check with Crestwood's HR department for the precise provider details relevant to their benefits package. Potential Healthcare Cost Increases in 2026: As 2026 approaches, Crestwood Equity Partners employees face the prospect of significant healthcare cost increases. Premiums for ACA marketplace insurance are anticipated to rise sharply, with some states experiencing hikes exceeding 60%. This surge is largely driven by the potential expiration of enhanced federal subsidies, coupled with escalating medical costs and rate adjustments from major insurers. Consequently, a large portion of employees may see out-of-pocket expenses rise dramatically, significantly impacting their financial planning and access to necessary healthcare services. Click here to learn more

For example, Crestwood Equity Partners 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 Crestwood Equity Partners 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 Crestwood Equity Partners 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 Crestwood Equity Partners employees.

Simply for political, economic, and social reasons, many Crestwood Equity Partners 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 Crestwood Equity Partners.

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 Crestwood Equity Partners 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, Crestwood Equity Partners 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. 'Crestwood Equity Partners 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 types of retirement savings plans does Crestwood Equity Partners offer its employees?

   Crestwood Equity Partners offers a 401(k) retirement savings plan to help employees save for their future.

   Does Crestwood Equity Partners match employee contributions to the 401(k) plan?

   Yes, Crestwood Equity Partners provides a matching contribution to employee 401(k) accounts, subject to the plan's terms.

   What is the eligibility requirement for employees to participate in Crestwood Equity Partners' 401(k) plan?

   Employees of Crestwood Equity Partners are eligible to participate in the 401(k) plan after completing a specified period of service, typically outlined in the plan documents.

   Can employees of Crestwood Equity Partners make pre-tax contributions to their 401(k) accounts?

   Yes, employees can make pre-tax contributions to their 401(k) accounts at Crestwood Equity Partners, which can help reduce their taxable income.

   Does Crestwood Equity Partners offer a Roth 401(k) option?

   Yes, Crestwood Equity Partners offers a Roth 401(k) option, allowing employees to make after-tax contributions to their retirement savings.

   How often can employees change their contribution rates to the 401(k) plan at Crestwood Equity Partners?

   Employees at Crestwood Equity Partners can typically change their contribution rates on a quarterly basis, but specific details can be found in the plan documents.

   What investment options are available in the Crestwood Equity Partners 401(k) plan?

   The 401(k) plan at Crestwood Equity Partners offers a range of investment options, including mutual funds and other investment vehicles, allowing employees to tailor their portfolios.

   How can employees at Crestwood Equity Partners access their 401(k) account information?

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

   What happens to the 401(k) funds if an employee leaves Crestwood Equity Partners?

   If an employee leaves Crestwood Equity Partners, they can choose to roll over their 401(k) funds to another retirement account, withdraw the funds, or leave them in the Crestwood Equity Partners plan if allowed.

   Is there a loan option available for employees in the Crestwood Equity Partners 401(k) plan?

   Yes, Crestwood Equity Partners may allow employees to take loans from their 401(k) accounts, subject to the plan's specific rules and limits.

   With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
   Crestwood Equity Partners announced a restructuring plan that includes a reduction in workforce and changes to employee benefits, including pension contributions and 401(k) match adjustments. The company is also altering its healthcare benefits to manage rising costs.