What Dell Technologies Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider for Dell Technologies Dell Technologies provides its employees with healthcare coverage through a variety of plans. The primary healthcare provider associated with Dell is UnitedHealthcare, which offers comprehensive health insurance options to Dell employees, focusing on coverage that fits a range of healthcare needs. Healthcare Cost Increases in 2026 As Dell Technologies employees prepare for 2026, they should anticipate significant increases in healthcare costs driven by rising ACA marketplace premiums. Many states are projecting steep hikes, with some rates soaring over 60%. Key factors behind this surge include the potential expiration of enhanced federal subsidies, escalating medical inflation, and considerable rate increases from major insurers. For Dell employees, these challenges may lead to a greater share of healthcare expenses, warranting a proactive approach in reviewing benefits and planning for the financial implications of these changes. Click here to learn more

For example, Dell Technologies 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 Dell Technologies 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 Dell Technologies 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 Dell Technologies employees.

Simply for political, economic, and social reasons, many Dell Technologies 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 Dell Technologies.

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 Dell Technologies 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, Dell Technologies 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. 'Dell Technologies 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 Dell Technologies 401(k) Savings Plan?

   The Dell Technologies 401(k) Savings Plan is a retirement savings plan that allows employees to save for their future by contributing a portion of their salary on a pre-tax or after-tax basis.

   How can I enroll in the Dell Technologies 401(k) Savings Plan?

   Employees can enroll in the Dell Technologies 401(k) Savings Plan through the employee benefits portal or by contacting the HR department for assistance.

   What types of contributions can I make to the Dell Technologies 401(k) Savings Plan?

   Employees can make pre-tax contributions, Roth (after-tax) contributions, and, in some cases, catch-up contributions if they are age 50 or older.

   Does Dell Technologies offer a company match for the 401(k) Savings Plan?

   Yes, Dell Technologies provides a company match on employee contributions to the 401(k) Savings Plan, which helps employees save more for retirement.

   What is the vesting schedule for the Dell Technologies company match in the 401(k) Savings Plan?

   The vesting schedule for the company match in the Dell Technologies 401(k) Savings Plan typically follows a graded vesting schedule over a period of years.

   Can I take a loan from my Dell Technologies 401(k) Savings Plan?

   Yes, Dell Technologies allows employees to take loans from their 401(k) Savings Plan, subject to certain terms and conditions.

   What investment options are available in the Dell Technologies 401(k) Savings Plan?

   The Dell Technologies 401(k) Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.

   How often can I change my contribution amount to the Dell Technologies 401(k) Savings Plan?

   Employees can change their contribution amount to the Dell Technologies 401(k) Savings Plan at any time, typically through the employee benefits portal.

   What happens to my Dell Technologies 401(k) Savings Plan if I leave the company?

   If you leave Dell Technologies, you have several options for your 401(k) Savings Plan, including rolling it over to an IRA or a new employer’s plan, or cashing it out (though this may have tax implications).

   Is there a minimum contribution requirement for the Dell Technologies 401(k) Savings Plan?

   Yes, Dell Technologies may have a minimum contribution requirement for participation in the 401(k) Savings Plan, which is typically outlined in the plan documents.

   With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
   Dell Technologies provides a 401(k) plan with a generous company match. Employees have access to a range of investment options and financial planning resources.
   Dell Technologies grants RSUs to its executives and key employees. RSUs vest over a period of three to four years, aligning employee interests with company success.