What Rithm Capital Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider for Rithm Capital Rithm Capital primarily operates as a real estate investment trust (REIT) focused on affordable housing and mortgage finance, rather than directly providing healthcare services. However, it can be involved indirectly in the healthcare sector through investments or partnerships that align with its business model. Potential Healthcare Cost Increases in 2026 As we look ahead to 2026, significant increases in healthcare costs are anticipated, largely driven by record-setting premium hikes in the Affordable Care Act (ACA) marketplace. Many states will see premium increases surpassing 60%, with factors such as rising medical costs, the potential expiration of enhanced federal premium subsidies, and aggressive pricing strategies from top insurers contributing to these shifts. Without congressional action on subsidies, it's estimated that over 22 million enrollees could face a staggering average rise of more than 75% in out-of-pocket premiums, a scenario that could drastically affect access to affordable healthcare for millions of Americans. Click here to learn more

For example, Rithm Capital 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 Rithm Capital 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 Rithm Capital 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 Rithm Capital employees.

Simply for political, economic, and social reasons, many Rithm Capital 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 Rithm Capital.

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 Rithm Capital 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, Rithm Capital 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. 'Rithm Capital 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 Rithm Capital offer to its employees?

   Rithm Capital offers a 401(k) retirement savings plan to its employees.

   Does Rithm Capital match employee contributions to the 401(k) plan?

   Yes, Rithm Capital provides a matching contribution to employee contributions, subject to certain limits.

   What is the maximum employee contribution percentage allowed in Rithm Capital's 401(k) plan?

   Employees at Rithm Capital can contribute up to the IRS limit, which is typically a percentage of their salary, currently up to 100% of their eligible compensation, not exceeding the annual limit set by the IRS.

   When can employees at Rithm Capital enroll in the 401(k) plan?

   Employees at Rithm Capital can enroll in the 401(k) plan during the initial onboarding process or during the annual open enrollment period.

   Are there any fees associated with Rithm Capital's 401(k) plan?

   Yes, Rithm Capital's 401(k) plan may have administrative fees, investment fees, and other costs, which are disclosed in the plan documents.

   Can employees at Rithm Capital take loans against their 401(k) savings?

   Yes, Rithm Capital allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.

   What investment options are available in Rithm Capital's 401(k) plan?

   Rithm Capital offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

   Is there a vesting schedule for Rithm Capital's 401(k) matching contributions?

   Yes, Rithm Capital has a vesting schedule for matching contributions, which means employees must work for a certain period before they fully own the matched funds.

   How can employees at Rithm Capital access their 401(k) account information?

   Employees can access their 401(k) account information through the online portal provided by Rithm Capital's 401(k) plan administrator.

   What happens to the 401(k) savings if an employee leaves Rithm Capital?

   If an employee leaves Rithm Capital, they can either roll over their 401(k) savings into another retirement account, cash out, or leave the funds in the Rithm Capital plan if permitted.