What Euronet Worldwide Employees Need to Consider Before Making the Leap to Retire Abroad

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For example, Euronet Worldwide 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 Euronet Worldwide 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 Euronet Worldwide 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 Euronet Worldwide employees.

Simply for political, economic, and social reasons, many Euronet Worldwide 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 Euronet Worldwide.

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 Euronet Worldwide 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, Euronet Worldwide 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. 'Euronet Worldwide 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 Euronet Worldwide offer to its employees?

   Euronet Worldwide offers a 401(k) retirement savings plan to its employees.

   How can employees of Euronet Worldwide enroll in the 401(k) plan?

   Employees of Euronet Worldwide can enroll in the 401(k) plan by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.

   Does Euronet Worldwide match employee contributions to the 401(k) plan?

   Yes, Euronet Worldwide offers a matching contribution to the 401(k) plan, subject to specific terms and conditions.

   What is the maximum contribution limit for the 401(k) plan at Euronet Worldwide?

   The maximum contribution limit for the 401(k) plan at Euronet Worldwide is in line with the IRS limits, which may change annually.

   Are there any vesting requirements for the employer match in Euronet Worldwide’s 401(k) plan?

   Yes, Euronet Worldwide has a vesting schedule for the employer match, which employees should review in the plan documents.

   Can employees of Euronet Worldwide take loans against their 401(k) savings?

   Yes, Euronet Worldwide allows employees to take loans against their 401(k) savings, subject to the plan’s rules and regulations.

   What investment options are available in Euronet Worldwide’s 401(k) plan?

   Euronet Worldwide’s 401(k) plan offers a variety of investment options, including mutual funds and other investment vehicles, which employees can choose from.

   How often can employees change their contribution amounts in Euronet Worldwide’s 401(k) plan?

   Employees at Euronet Worldwide can change their contribution amounts on a regular basis, typically during open enrollment or at any time as permitted by the plan.

   What happens to the 401(k) savings if an employee leaves Euronet Worldwide?

   If an employee leaves Euronet Worldwide, they have several options for their 401(k) savings, including rolling it over to another retirement account or leaving it in the Euronet Worldwide plan, if allowed.

   Does Euronet Worldwide provide any educational resources for employees regarding their 401(k) plan?

   Yes, Euronet Worldwide provides educational resources and tools to help employees understand their 401(k) plan and make informed investment decisions.

   With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
   Euronet Worldwide offers a Defined Contribution Plan known as the Euronet Worldwide Inc 401(k) Plan. This plan allows employees to contribute pre-tax or after-tax funds towards their retirement, with both employer and employee contributions possible. The plan includes investment options such as Employee Stock Ownership Plans (ESOPs), Savings Plans, and Profit Sharing Plans. Contributions are maintained in individual accounts for employees, and an alternate payee can be assigned a portion of an account balance through a Qualified Domestic Relations Order (QDRO). This plan's flexibility in allowing transfers to tax-qualified accounts like IRAs helps avoid early withdrawal penalties. As of 2022, the plan had total assets amounting to $52,116,351​ (QDRO Desk). Eligibility for the plan typically requires one year of service and reaching the age of 21, similar to standard 401(k) plans. However, the employer match rate, vesting schedules, and specific conditions for the plan vary annually. For 2022 through 2024, the employer match is expected to remain around 3%, which is aligned with industry standards​ (
   Restructuring and Layoffs: In 2023, Euronet Worldwide announced a restructuring plan aimed at streamlining its operations. This plan included layoffs primarily affecting its technology and administrative divisions. The company cited the need to improve efficiency and adapt to changing market conditions as key reasons for these changes. The restructuring is part of a broader strategy to enhance profitability and operational agility in a competitive landscape. This news is particularly relevant given the current economic climate, which demands organizations to continuously optimize their operations to maintain financial stability and growth.
   Euronet Worldwide offers stock options and Restricted Stock Units (RSUs) to its employees. The company's stock options are typically granted based on performance and tenure. Euronet Worldwide RSUs are generally provided as part of executive compensation packages and are vested over a specified period.
   Healthcare Trends: There is no specific industry news that indicates substantial changes to Euronet Worldwide’s healthcare benefits. However, like many companies, they are likely adapting to broader industry trends such as increased focus on mental health support and telemedicine options. Key Healthcare-Related Terms and Acronyms