What Victoria's Secret Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider for Victoria's Secret Victoria's Secret primarily uses the Aetna health insurance provider for its employee healthcare benefits. This partnership offers employees access to a variety of health plans that typically include options for medical, dental, and vision coverage. Potential Healthcare Cost Increases for Victoria's Secret Employees in 2026 As 2026 approaches, healthcare costs for employees of Victoria's Secret are expected to rise dramatically due to substantial premium hikes in the Affordable Care Act (ACA) marketplace. Without a congressional extension of enhanced premium subsidies, many employees could face out-of-pocket premium increases exceeding 75%. This perfect storm of escalating medical expenses and potential loss of federal assistance may result in rate increases averaging around 20%, but some states could see increases surpassing 60%. Employees should be prepared for these financial pressures that could significantly impact their healthcare budgets in the coming year. Click here to learn more

For example, Victoria's Secret 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 Victoria's Secret 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 Victoria's Secret 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 Victoria's Secret employees.

Simply for political, economic, and social reasons, many Victoria's Secret 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 Victoria's Secret.

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 Victoria's Secret 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, Victoria's Secret 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. 'Victoria's Secret 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 Victoria's Secret offer to its employees?

   Victoria's Secret offers a 401(k) retirement savings plan to help employees save for their future.

   How can employees of Victoria's Secret enroll in the 401(k) plan?

   Employees of Victoria's Secret can enroll in the 401(k) plan through the company’s HR portal or by contacting their HR representative for assistance.

   Does Victoria's Secret match employee contributions to the 401(k) plan?

   Yes, Victoria's Secret provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

   What is the eligibility requirement for Victoria's Secret employees to participate in the 401(k) plan?

   Most employees of Victoria's Secret are eligible to participate in the 401(k) plan after completing a certain period of service, typically within their first year of employment.

   Can part-time employees at Victoria's Secret participate in the 401(k) plan?

   Yes, part-time employees at Victoria's Secret may also be eligible to participate in the 401(k) plan, depending on specific criteria set by the company.

   What types of investment options are available in Victoria's Secret's 401(k) plan?

   Victoria's Secret's 401(k) plan typically offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to diversify their portfolios.

   How often can employees of Victoria's Secret change their 401(k) contribution amounts?

   Employees of Victoria's Secret can change their 401(k) contribution amounts at designated times throughout the year, usually during open enrollment periods.

   What is the vesting schedule for employer contributions in Victoria's Secret's 401(k) plan?

   Victoria's Secret has a vesting schedule for employer contributions, which means employees must work for the company for a certain period before they fully own the matching funds.

   Can employees take loans from their 401(k) plans at Victoria's Secret?

   Yes, employees of Victoria's Secret may have the option to take loans from their 401(k) plans, subject to the plan's specific terms and conditions.

   What happens to the 401(k) plan if an employee leaves Victoria's Secret?

   If an employee leaves Victoria's Secret, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave the funds in the Victoria's Secret plan if permitted.