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

Healthcare Provider Update: Healthcare Provider for Envista Holdings Envista Holdings does not have a publicly listed healthcare provider; instead, employees typically receive health insurance benefits through various commercial insurance plans. As a significant player in the dental products and technology industry, Envista provides its workforce with access to adequate healthcare services, albeit the specific insurers may differ based on the plans offered. Healthcare Cost Increases in 2026 In 2026, Envista Holdings employees may face significant increases in healthcare costs due to rising premiums and shifting employer strategies. With anticipated healthcare premium hikes in the ACA marketplace often exceeding 60% in critical areas, employees are advised to prepare for potential impacts on their out-of-pocket expenses. The expiration of enhanced federal premium subsidies may further exacerbate these financial challenges, pushing many employees to shoulder more substantial costs unless proactive steps are taken to manage their health benefits effectively. As a result, understanding upcoming changes in health plans and optimizing their choices for 2026 will be crucial in navigating this evolving landscape. Click here to learn more

For example, Envista 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 Envista 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 Envista 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 Envista Holdings employees.

Simply for political, economic, and social reasons, many Envista 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 Envista 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 Envista 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, Envista Holdings 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. 'Envista 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 retirement savings options does Envista Holdings offer to its employees?

   Envista Holdings offers a 401(k) savings plan to help employees save for retirement.

   How can I enroll in the 401(k) plan at Envista Holdings?

   Employees can enroll in the 401(k) plan at Envista Holdings by completing the enrollment process through the company’s HR portal.

   Does Envista Holdings match employee contributions to the 401(k) plan?

   Yes, Envista Holdings provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

   What is the vesting schedule for the 401(k) match at Envista Holdings?

   The vesting schedule for the 401(k) match at Envista Holdings is typically outlined in the plan documents, and employees should refer to those for specific details.

   Can I change my contribution percentage to the 401(k) plan at Envista Holdings?

   Yes, employees at Envista Holdings can change their contribution percentage at any time, subject to the plan's guidelines.

   What types of investments are available in the Envista Holdings 401(k) plan?

   The Envista Holdings 401(k) plan offers a variety of investment options, including mutual funds and target-date funds, allowing employees to choose based on their risk tolerance.

   Is there a minimum contribution requirement for the 401(k) plan at Envista Holdings?

   Yes, Envista Holdings may have a minimum contribution requirement for the 401(k) plan, which employees should verify through the plan documents.

   At what age can I start withdrawing from my 401(k) at Envista Holdings?

   Employees can generally start withdrawing from their 401(k) at Envista Holdings at age 59½ without incurring penalties.

   What happens to my 401(k) if I leave Envista Holdings?

   If you leave Envista Holdings, you have several options for your 401(k), including rolling it over to a new employer’s plan or an individual retirement account (IRA).

   Does Envista Holdings offer loans against my 401(k) balance?

   Yes, Envista Holdings may allow employees to take loans against their 401(k) balance, subject to the plan’s terms and conditions.