What Mondelez International Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider for Mondelez International Mondelez International primarily utilizes Aetna as their healthcare provider for employee health insurance coverage. Potential Healthcare Cost Increases for Mondelez International in 2026 Looking ahead to 2026, Mondelez International employees may face significant increases in healthcare costs. Factors contributing to this rise include anticipated premium hikes in the Affordable Care Act (ACA) marketplace, with some states expecting increases over 60%. Additionally, a substantial number of employers, including Mondelez, are projected to pass on more healthcare costs to employees by raising deductibles and out-of-pocket maximums. As a result, employees must prepare for the possibility of sharp out-of-pocket expenses, necessitating careful planning and awareness of benefit changes to mitigate potential financial strains. Click here to learn more

For example, Mondelez International 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 Mondelez International 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 Mondelez International 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 Mondelez International employees.

Simply for political, economic, and social reasons, many Mondelez International 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 Mondelez International.

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 Mondelez International 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, Mondelez International 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. 'Mondelez International 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 Mondelez International?

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

   How can employees enroll in Mondelez International's 401(k) plan?

   Employees can enroll in Mondelez International's 401(k) plan by accessing the employee benefits portal or contacting the HR department for guidance.

   Does Mondelez International offer a company match for the 401(k) contributions?

   Yes, Mondelez International offers a company match for employee contributions to the 401(k) plan, helping to boost retirement savings.

   What are the eligibility requirements for Mondelez International's 401(k) plan?

   To be eligible for Mondelez International's 401(k) plan, employees typically need to meet certain criteria, such as being a full-time employee and completing a specific period of service.

   What investment options are available in Mondelez International's 401(k) plan?

   Mondelez International's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock, allowing employees to diversify their portfolios.

   Can employees take loans against their 401(k) at Mondelez International?

   Yes, Mondelez International allows employees to take loans against their 401(k) balance under certain conditions, providing flexibility for financial needs.

   What is the vesting schedule for Mondelez International's 401(k) plan?

   Mondelez International has a vesting schedule that determines how much of the company match employees can keep if they leave the company, typically based on years of service.

   How can employees change their contribution percentage to Mondelez International's 401(k) plan?

   Employees can change their contribution percentage to Mondelez International's 401(k) plan by logging into the benefits portal or contacting HR for assistance.

   When can employees start withdrawing from their Mondelez International 401(k) plan?

   Employees can generally start withdrawing from their Mondelez International 401(k) plan without penalty at age 59½, subject to specific plan rules.

   Does Mondelez International provide financial education regarding the 401(k) plan?

   Yes, Mondelez International offers resources and financial education programs to help employees understand their 401(k) options and make informed decisions.

   With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
   Plan Name: Mondelez International Pension Plan Years of Service & Age Qualification: Employees typically need to have at least 5 years of service and must be at least 55 years old to qualify for pension benefits. Pension Formula: The pension benefit is calculated based on years of service and final average salary. The formula used is generally a percentage of the average salary over a specified period multiplied by the number of years of service. Plan Name: Mondelez International 401(k) Retirement Savings Plan Who Qualifies: All full-time employees are eligible to participate in the 401(k) plan. 401(k) Plan Details: Mondelez International offers a standard 401(k) plan with matching contributions. Employees can contribute a percentage of their salary up to the maximum allowed by law. Mondelez typically matches a portion of employee contributions.
   Restructuring and Layoffs: In early 2023, Mondelez International announced a global restructuring plan aiming to streamline operations and improve efficiency. This plan included a reduction of approximately 3% of its workforce globally. The restructuring is part of the company's strategy to adapt to shifting market demands and operational challenges. It’s essential for employees and investors to stay informed about these changes due to their potential impact on job security and the company's financial health. Benefit and Pension Changes: Mondelez has also been updating its employee benefit programs and pension plans. Recent reports indicate changes to the company's 401(k) matching contributions and modifications to retirement benefits. The adjustments are designed to enhance financial stability and align with broader industry trends. Given the current economic conditions and evolving tax regulations, understanding these changes is vital for planning personal finances and retirement strategies.
   Mondelez International typically offers stock options and RSUs to its employees as part of its compensation package. In 2022, Mondelez International provided stock options and RSUs to a select group of employees, including executives and senior management. The stock options allowed employees to purchase company stock at a set price, while RSUs granted shares that vest over time. Source: Mondelez International Annual Report 2022, Page 45.
   Health Benefits Overview: Mondelez International offers a comprehensive benefits package that includes medical, dental, and vision insurance. Employees can choose from various plans based on their needs. Recent Updates: As of 2024, Mondelez International has updated their health benefits to include enhanced mental health support, expanded telemedicine options, and a focus on preventive care.