What Topgolf Callaway Brands Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider for Topgolf Callaway Brands Topgolf Callaway Brands partners primarily with UHC (UnitedHealth Group) for employee healthcare coverage. As one of the major players in the insurance market, UHC provides various healthcare plans to Topgolf employees, giving them access to a wide range of medical services and resources. Potential Healthcare Cost Increases in 2026 for Topgolf Callaway Brands As we approach 2026, Topgolf Callaway Brands employees may face significant increases in healthcare costs driven by a combination of factors. Premiums in the ACA marketplace are projected to rise sharply, with some states seeing hikes exceeding 60%. If enhanced federal subsidies are not renewed, 92% of policyholders could potentially see their out-of-pocket premiums surge by over 75%. Consequently, Topgolf employees should prepare for these financial strains by reviewing their health benefits and exploring strategies to mitigate increased expenses effectively. Click here to learn more

For example, Topgolf Callaway Brands 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 Topgolf Callaway Brands 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 Topgolf Callaway Brands 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 Topgolf Callaway Brands employees.

Simply for political, economic, and social reasons, many Topgolf Callaway Brands 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 Topgolf Callaway Brands.

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 Topgolf Callaway Brands 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, Topgolf Callaway Brands 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. 'Topgolf Callaway Brands 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 Topgolf Callaway Brands offer to its employees?

   Topgolf Callaway Brands offers a 401(k) retirement savings plan to its employees.

   How can employees of Topgolf Callaway Brands enroll in the 401(k) plan?

   Employees of Topgolf Callaway Brands can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

   Is there a company match for contributions made to the 401(k) plan at Topgolf Callaway Brands?

   Yes, Topgolf Callaway Brands provides a company match for employee contributions to the 401(k) plan, subject to certain limits.

   What is the minimum contribution percentage required for employees at Topgolf Callaway Brands to receive the company match?

   Employees at Topgolf Callaway Brands typically need to contribute at least 3% of their salary to qualify for the company match.

   Can employees of Topgolf Callaway Brands choose how their 401(k) contributions are invested?

   Yes, employees of Topgolf Callaway Brands can select from a variety of investment options for their 401(k) contributions.

   What is the vesting schedule for the company match in the 401(k) plan at Topgolf Callaway Brands?

   The vesting schedule for the company match at Topgolf Callaway Brands generally follows a standard schedule, which may vary based on tenure.

   Are there any fees associated with the 401(k) plan at Topgolf Callaway Brands?

   Yes, there may be administrative fees associated with the 401(k) plan at Topgolf Callaway Brands, which are disclosed in the plan documents.

   How often can employees at Topgolf Callaway Brands change their contribution amounts to the 401(k) plan?

   Employees at Topgolf Callaway Brands can typically change their contribution amounts on a quarterly basis.

   What happens to the 401(k) plan if an employee leaves Topgolf Callaway Brands?

   If an employee leaves Topgolf Callaway Brands, they have several options for their 401(k) plan, including rolling it over to another retirement account or cashing it out.

   Does Topgolf Callaway Brands offer educational resources about the 401(k) plan?

   Yes, Topgolf Callaway Brands provides educational resources and workshops to help employees understand their 401(k) plan options.

   With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
   Topgolf Callaway Brands offers a 401(k) plan as part of its retirement benefits for employees. The plan allows eligible employees to contribute a percentage of their income into a tax-advantaged retirement account. For the years 2022, 2023, and 2024, Topgolf Callaway Brands maintained its defined contribution plan in alignment with IRS limits, which included annual contribution limits of $20,500 in 2022, $22,500 in 2023, and $23,000 in 2024, with catch-up contributions of $6,500 for those over 50 in 2022 and 2023, and $7,500 in 2024​ (Wikipedia)​ (Pension Rights Center). The company uses a 401(k) plan to attract and retain employees, offering matching contributions up to a certain percentage, typically around 4%, although exact figures may vary depending on the employee's role and location. Eligible employees can begin contributing to their 401(k) plan upon hire or after a short waiting period, with contributions vesting over a set number of years.
   Topgolf Callaway Brands has announced multiple strategic reviews in 2023-2024, including the consideration of spinning off Topgolf to optimize the company's structure and increase shareholder value. In 2023, the company performed solidly in terms of revenue, reporting strong performance in its golf equipment segment and delivering over $4.28 billion in revenue. However, the company is actively considering cost-saving measures, including operational restructuring, that could lead to potential layoffs and benefit adjustments. Additionally, Topgolf Callaway Brands has been adjusting its pension and 401(k) plans, focusing on competitive retirement savings offerings to retain key talent in a challenging economic environment​ (Topgolf Callaway Brands) .
   Topgolf Callaway Brands (MODG) offers stock options and Restricted Stock Units (RSUs) as part of its employee compensation strategy. In 2022, the company granted stock options primarily to senior executives and long-term employees. These stock options were issued under the MODG incentive program, aligning compensation with company performance​ (Topgolf Callaway Brands). In 2023, RSUs were expanded across the company to include mid-level managers, allowing broader employee participation in equity ownership. This helps align employee incentives with the company’s success​ (MyGolfSpy). The 2024 plan introduced additional vesting options to retain talent over the long term, targeting specific milestones within the company​ (MarketBeat).
   Topgolf Callaway Brands provides a range of health benefits to its employees, focusing on comprehensive insurance packages, wellness programs, and preventive care. Specific healthcare-related terms and acronyms frequently associated with their offerings include PPO (Preferred Provider Organization), HSA (Health Savings Account), and EAP (Employee Assistance Program). Additionally, they offer dental, vision, and mental health services. In 2023 and 2024, Topgolf Callaway Brands emphasized wellness initiatives, including mental health support, reflecting the broader trend in corporate healthcare strategies to integrate wellness with traditional health insurance. The company also made notable adjustments to its healthcare plans, particularly focusing on affordability and accessibility, by expanding telehealth services and preventive care benefits.