What StoneX Group Employees Need to Consider Before Making the Leap to Retire Abroad

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For example, StoneX Group 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 StoneX Group 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 StoneX Group 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 StoneX Group employees.

Simply for political, economic, and social reasons, many StoneX Group 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 StoneX Group.

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 StoneX Group 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, StoneX Group 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. 'StoneX Group 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 plan does StoneX Group offer to its employees?

   StoneX Group offers a 401(k) retirement plan to help employees save for their future.

   How can employees at StoneX Group enroll in the 401(k) plan?

   Employees can enroll in the StoneX Group 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

   Does StoneX Group match employee contributions to the 401(k) plan?

   Yes, StoneX Group offers a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

   What is the maximum contribution limit for the StoneX Group 401(k) plan?

   The maximum contribution limit for the StoneX Group 401(k) plan follows the IRS guidelines, which are updated annually.

   Can employees at StoneX Group take loans against their 401(k) savings?

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

   Are there any fees associated with the StoneX Group 401(k) plan?

   Yes, there may be administrative fees associated with the StoneX Group 401(k) plan, which are disclosed in the plan documents.

   What investment options are available in the StoneX Group 401(k) plan?

   The StoneX Group 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds.

   When can employees at StoneX Group start withdrawing from their 401(k) plan?

   Employees can typically start withdrawing from their StoneX Group 401(k) plan at age 59½, subject to certain conditions.

   Does StoneX Group provide educational resources about the 401(k) plan?

   Yes, StoneX Group offers educational resources and workshops to help employees understand their 401(k) plan options and investment strategies.

   How often can employees at StoneX Group change their 401(k) contribution amounts?

   Employees at StoneX Group can change their 401(k) contribution amounts at any time, typically during open enrollment periods or as specified in the plan.

   With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
   StoneX Group offers RSUs and stock options as part of its compensation package.