What Welltower Employees Need to Consider Before Making the Leap to Retire Abroad

Healthcare Provider Update: Healthcare Provider for Welltower Welltower Inc., a leading provider in the healthcare real estate sector, partners with various healthcare service providers, including senior housing operators, post-acute care facilities, and health systems. The company focuses on investing in properties that accommodate the healthcare needs of an aging population, ensuring that it collaborates effectively with top-tier operators to enhance care quality and access. Potential Healthcare Cost Increases in 2026 As 2026 approaches, health insurance premiums, particularly those tied to the Affordable Care Act (ACA), are projected to surge dramatically, potentially rising by 75% for many enrollees. Factors contributing to this steep escalation include the expiration of enhanced federal premium subsidies and escalating medical costs, with certain states experiencing increases exceeding 60%. For Welltower employees and retirees utilizing ACA coverage, these looming hikes necessitate strategic financial planning to mitigate the impact on personal budgets and healthcare access in the coming year. Click here to learn more

For example, Welltower 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 Welltower 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 Welltower 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 Welltower employees.

Simply for political, economic, and social reasons, many Welltower 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 Welltower.

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 Welltower 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, Welltower 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. 'Welltower 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 Welltower offer to its employees?

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

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

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

   How can employees enroll in Welltower's 401(k) plan?

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

   What are the eligibility requirements to participate in Welltower's 401(k) plan?

   Employees must meet certain eligibility requirements, such as age and length of service, to participate in Welltower's 401(k) plan.

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

   Yes, Welltower employees can change their 401(k) contribution amounts at any time, subject to plan rules.

   What investment options are available in Welltower's 401(k) plan?

   Welltower's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

   Does Welltower allow employees to take loans against their 401(k) savings?

   Yes, Welltower allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.

   What is the vesting schedule for Welltower's 401(k) matching contributions?

   Welltower has a vesting schedule for matching contributions, which means employees must work for a certain period to fully own those contributions.

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

   Welltower employees can review their 401(k) account statements quarterly, providing them with regular updates on their retirement savings.

   Is there a way for Welltower employees to access financial advice regarding their 401(k) plan?

   Yes, Welltower provides access to financial advisors who can help employees make informed decisions about their 401(k) investments.