What Rollins Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider for Rollins Corporation Rollins, Inc. collaborates with various healthcare providers for the medical benefits offered to its employees. While specific partnerships may vary, large employers like Rollins typically work with national insurance carriers such as UnitedHealthcare, Cigna, or Anthem/Blue Cross Blue Shield. Potential Healthcare Cost Increases in 2026 In 2026, Rollins employees could face significant healthcare cost increases, largely driven by anticipated hikes in Affordable Care Act (ACA) premiums. With some states projected to see premium increases exceeding 60%, employees may bear a larger share of healthcare costs. Compounding these challenges are expiring federal subsidies that, if not renewed, could push out-of-pocket expenses up by over 75% for many enrollees. This convergence of factors creates a precarious financial landscape for Rollins employees, necessitating proactive planning to manage rising healthcare expenses effectively. Click here to learn more

For example, Rollins 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 Rollins 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 Rollins 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 Rollins employees.

Simply for political, economic, and social reasons, many Rollins 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 Rollins.

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 Rollins 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, Rollins 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. 'Rollins 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 Rollins 401k/Savings Plan?

   The Rollins 401k/Savings Plan is a retirement savings plan that allows employees of Rollins to save for their future through pre-tax contributions and potential employer matching.

   How can I enroll in the Rollins 401k/Savings Plan?

   Employees can enroll in the Rollins 401k/Savings Plan by completing the enrollment forms provided by the HR department or through the Rollins employee portal.

   What types of contributions can I make to the Rollins 401k/Savings Plan?

   Employees can make pre-tax contributions, Roth after-tax contributions, and possibly catch-up contributions if they are age 50 or older in the Rollins 401k/Savings Plan.

   Does Rollins offer a company match for the 401k/Savings Plan?

   Yes, Rollins offers a company match for employee contributions to the 401k/Savings Plan, subject to certain limits and eligibility requirements.

   What is the vesting schedule for Rollins' company match in the 401k/Savings Plan?

   The vesting schedule for Rollins' company match typically follows a graded vesting schedule, which means employees earn ownership of the matched contributions over a specified period.

   Can I change my contribution amount to the Rollins 401k/Savings Plan?

   Yes, employees can change their contribution amounts to the Rollins 401k/Savings Plan at any time, subject to the plan’s rules and limits.

   What investment options are available in the Rollins 401k/Savings Plan?

   The Rollins 401k/Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

   How can I access my Rollins 401k/Savings Plan account?

   Employees can access their Rollins 401k/Savings Plan account online through the designated portal or by contacting the plan administrator for assistance.

   What happens to my Rollins 401k/Savings Plan if I leave the company?

   If you leave Rollins, you have several options for your 401k/Savings Plan, including rolling it over to another retirement account, leaving it with Rollins, or cashing it out (subject to taxes and penalties).

   Are there loan options available through the Rollins 401k/Savings Plan?

   Yes, the Rollins 401k/Savings Plan may allow participants to take loans against their account balance, subject to specific terms and conditions.