What TTM Technologies Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider for TTM Technologies TTM Technologies offers healthcare benefits primarily through major insurance carriers, including UnitedHealthcare and Anthem Blue Cross Blue Shield, providing comprehensive coverage options to its employees. Potential Healthcare Cost Increases in 2026 In 2026, TTM Technologies employees may face significant increases in healthcare costs, marking a critical shift in affordability. With potential ACA premium hikes exceeding 60% in some states, and enhanced federal premium subsidies set to expire, over 22 million enrollees could see their out-of-pocket costs rise by more than 75%. As a result, businesses like TTM are reassessing their health benefits, potentially transferring more costs to employees, which could lead to increased deductibles and out-of-pocket expenses. This landscape demands that employees proactively review their healthcare plans and financial strategies to navigate expected price surges effectively. Click here to learn more

For example, TTM Technologies 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 TTM Technologies 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 TTM Technologies 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 TTM Technologies employees.

Simply for political, economic, and social reasons, many TTM Technologies 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 TTM Technologies.

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 TTM Technologies 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, TTM Technologies 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. 'TTM Technologies 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 TTM Technologies?

   The 401(k) plan at TTM Technologies is a retirement savings plan that allows employees to contribute a portion of their salary on a pre-tax or after-tax basis to save for retirement.

   Does TTM Technologies offer a company match for the 401(k) contributions?

   Yes, TTM Technologies offers a company match for employee contributions to the 401(k) plan, which helps employees grow their retirement savings.

   How can I enroll in the 401(k) plan at TTM Technologies?

   Employees can enroll in the 401(k) plan at TTM Technologies by completing the enrollment process through the company’s HR portal or by contacting the HR department for assistance.

   What are the contribution limits for the TTM Technologies 401(k) plan?

   The contribution limits for the TTM Technologies 401(k) plan are in accordance with IRS guidelines, which are updated annually. Employees should check the latest limits for the current year.

   Can I change my contribution percentage to the TTM Technologies 401(k) plan?

   Yes, employees can change their contribution percentage to the TTM Technologies 401(k) plan at any time by accessing their account through the HR portal or by contacting HR.

   What investment options are available in the TTM Technologies 401(k) plan?

   The TTM Technologies 401(k) plan 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 the TTM Technologies 401(k) company match?

   Yes, TTM Technologies has a vesting schedule for the company match, which means that employees must work for a certain period before they fully own the matched contributions.

   How do I access my 401(k) account at TTM Technologies?

   Employees can access their 401(k) account at TTM Technologies through the designated online portal or by contacting the plan administrator for assistance.

   Can I take a loan against my 401(k) at TTM Technologies?

   Yes, TTM Technologies allows employees to take loans against their 401(k) balance, subject to certain terms and conditions outlined in the plan documents.

   What happens to my 401(k) if I leave TTM Technologies?

   If you leave TTM Technologies, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the TTM Technologies plan if allowed.