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

Healthcare Provider Update: Healthcare Provider for Marriott Vacations Worldwide Marriott Vacations Worldwide offers health insurance plans through various providers, primarily partnering with larger insurers such as UnitedHealthcare and Cigna to provide comprehensive coverage for their employees. These providers deliver a range of healthcare services, from traditional medical insurance to specialized coverage options. Potential Healthcare Cost Increases in 2026 As Marriott Vacations Worldwide employees navigate the evolving healthcare landscape, they must prepare for significant premium hikes anticipated in 2026. With the potential expiration of enhanced Affordable Care Act (ACA) subsidies, many workers could face out-of-pocket costs rising by up to 75% for their health plans. This surge, paired with escalating medical expenses, is expected to strain household budgets, particularly for retirees and those nearing retirement. Therefore, being proactive in assessing healthcare options and budgeting is essential to mitigate the impending financial impact. Click here to learn more

For example, Marriott Vacations 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 Marriott Vacations 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 Marriott Vacations 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 Marriott Vacations Worldwide employees.

Simply for political, economic, and social reasons, many Marriott Vacations 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 Marriott Vacations 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 Marriott Vacations 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, Marriott Vacations Worldwide employees who are retiring abroad need to plan carefully.

Featured Video

Articles you may find interesting:

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. 'Marriott Vacations 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 is the 401(k) plan offered by Marriott Vacations Worldwide?

   The 401(k) plan at Marriott Vacations Worldwide is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

   How can I enroll in the 401(k) plan at Marriott Vacations Worldwide?

   Employees can enroll in the Marriott Vacations Worldwide 401(k) plan during their initial onboarding or during open enrollment periods.

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

   Yes, Marriott Vacations Worldwide offers a matching contribution to the 401(k) plan, which helps employees increase their retirement savings.

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

   The maximum contribution limit for the Marriott Vacations Worldwide 401(k) plan is determined by the IRS and may change annually. Employees should refer to the plan documents for the current limit.

   Can employees at Marriott Vacations Worldwide take loans against their 401(k) savings?

   Yes, Marriott Vacations Worldwide allows employees to take loans against their 401(k) savings, subject to certain terms and conditions outlined in the plan.

   What investment options are available in the Marriott Vacations Worldwide 401(k) plan?

   The Marriott Vacations Worldwide 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.

   How can I check my 401(k) balance with Marriott Vacations Worldwide?

   Employees can check their 401(k) balance through the online portal provided by Marriott Vacations Worldwide’s plan administrator.

   Is there a vesting schedule for the Marriott Vacations Worldwide 401(k) plan?

   Yes, Marriott Vacations Worldwide has a vesting schedule that determines when employees fully own the company’s matching contributions.

   What happens to my 401(k) savings if I leave Marriott Vacations Worldwide?

   If you leave Marriott Vacations Worldwide, you can choose to roll over your 401(k) savings to another retirement account, withdraw the funds, or leave the money in the plan if eligible.

   Are there any fees associated with the Marriott Vacations Worldwide 401(k) plan?

   Yes, there may be administrative and investment fees associated with the Marriott Vacations Worldwide 401(k) plan, which will be detailed in the plan documents.