What United Rentals Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: United Rentals' healthcare provider is primarily UnitedHealthcare, as they are one of the major insurers involved in providing coverage for their employees. As the healthcare landscape shifts, United Rentals employees may face significant increases in healthcare costs in 2026. Premiums for Affordable Care Act (ACA) marketplace plans are expected to soar, with some states seeing hikes of over 60%. Factors driving these increases include the potential expiration of enhanced federal subsidies and rising medical expenses, particularly in prescription medications. With nearly half of large employers likely to shift more costs onto employees through higher deductibles and out-of-pocket expenses, United Rentals workers should proactively assess their health benefit options to mitigate financial impacts. Click here to learn more

For example, United Rentals 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 United Rentals 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 United Rentals 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 United Rentals employees.

Simply for political, economic, and social reasons, many United Rentals 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 United Rentals.

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 United Rentals 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, United Rentals 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. 'United Rentals 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 United Rentals offer to its employees?

   United Rentals offers a 401(k) retirement savings plan to help employees save for their future.

   Does United Rentals provide any matching contributions to the 401(k) plan?

   Yes, United Rentals provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

   How can employees enroll in the United Rentals 401(k) plan?

   Employees can enroll in the United Rentals 401(k) plan through the company's online benefits portal or by contacting the HR department for assistance.

   What is the eligibility requirement for United Rentals employees to participate in the 401(k) plan?

   Generally, employees at United Rentals are eligible to participate in the 401(k) plan after completing a specified period of service, which is outlined in the plan details.

   Can United Rentals employees make changes to their 401(k) contributions?

   Yes, employees at United Rentals can change their contribution amounts at any time, subject to the plan's guidelines.

   What investment options are available in the United Rentals 401(k) plan?

   The United Rentals 401(k) plan offers a variety of investment options, including mutual funds and target-date funds, allowing employees to choose based on their risk tolerance and retirement goals.

   Is there a vesting schedule for the employer match in the United Rentals 401(k) plan?

   Yes, United Rentals has a vesting schedule for employer matching contributions, which determines when employees fully own those contributions.

   How often can United Rentals employees review their 401(k) account statements?

   Employees at United Rentals can review their 401(k) account statements quarterly, and they also have access to their accounts online for real-time updates.

   What happens to a United Rentals employee's 401(k) if they leave the company?

   If a United Rentals employee leaves the company, they have several options for their 401(k), including rolling it over to a new employer's plan or an IRA.

   Does United Rentals allow loans against the 401(k) plan?

   Yes, United Rentals allows employees to take loans against their 401(k) balance, subject to the plan's terms and conditions.