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

Healthcare Provider Update: Yum Brands employs Cigna Healthcare as their healthcare provider, offering various health insurance plans and services to their employees. As we look towards 2026, healthcare costs are anticipated to rise significantly across the United States, with some states projecting ACA marketplace health insurance premiums to increase by more than 60%. Factors contributing to this trend include the potential expiration of enhanced federal premium subsidies and escalating medical costs, with many insurers citing an average medical trend increase of 7% to 10%. This combination could lead to substantial out-of-pocket expenses for thousands of employees, including those at Yum Brands, as they face the looming specter of higher premiums and reduced financial assistance. It's essential for employees to prepare by evaluating their healthcare options carefully and considering their financial situation. Click here to learn more

For example, Yum 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 Yum 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 Yum 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 Yum Brands employees.

Simply for political, economic, and social reasons, many Yum 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 Yum 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 Yum 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, Yum Brands employees who are retiring abroad need to plan carefully.

Featured Video

Articles you may find interesting:

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. 'Yum 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 is the 401(k) plan offered by Yum Brands?

   The 401(k) plan at Yum Brands is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

   Does Yum Brands match employee contributions to the 401(k) plan?

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

   What are the eligibility requirements for participating in Yum Brands' 401(k) plan?

   Employees of Yum Brands are eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.

   How can Yum Brands employees enroll in the 401(k) plan?

   Yum Brands employees can enroll in the 401(k) plan through the company’s benefits portal or by contacting the Human Resources department for assistance.

   What investment options are available in the Yum Brands 401(k) plan?

   The Yum Brands 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

   Can Yum Brands employees change their contribution percentage for the 401(k) plan?

   Yes, Yum Brands employees can change their contribution percentage at any time, allowing them to adjust their savings according to their financial situation.

   What is the vesting schedule for Yum Brands' 401(k) matching contributions?

   The vesting schedule for Yum Brands' 401(k) matching contributions typically follows a graded vesting schedule, meaning employees earn ownership of the match over a period of time.

   Are there any fees associated with Yum Brands' 401(k) plan?

   Yes, Yum Brands' 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents provided to employees.

   How often can Yum Brands employees access their 401(k) account statements?

   Yum Brands employees can access their 401(k) account statements quarterly through the plan’s online portal.

   What happens to Yum Brands employees' 401(k) accounts if they leave the company?

   If Yum Brands employees leave the company, they can either roll over their 401(k) balance to another retirement account, leave it in the Yum Brands plan (if eligible), or cash it out, subject to taxes and penalties.