New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Discovering the Best International Retirement Destinations for Match Group Employees: Your Guide to a Fulfilling Life Abroad

Healthcare Provider Update: Match Group provides medical, dental, vision, and mental health coverage, along with FSAs, HSAs, and fertility assistance 7. As ACA premiums increase, Matchs benefits package offers a competitive edge, helping employees maintain coverage without facing steep marketplace hikes. Click here to learn more

Switzerland maintains its position at the top of U.S. News & World Report’s annual survey of the most comfortable countries for retirement , a detail Match Group employees considering international retirement should note. This Alpine nation is distinguished not only in this category but also as the top country globally. Despite its high cost of living, Switzerland’s exceptional security, strong economic stability, outstanding medical safety, and favorable retirement benefits make it a prime destination for retirees. It also ranks highly in terms of quality of life (third) and business practice (second).

The survey assesses 89 countries based on various criteria such as feasibility, tax regimes, healthcare quality, social friendliness, and climatic conditions. Following in terms of retirement desirability are New Zealand, Portugal, and Australia, favored for their living costs and retirement and social security systems. In contrast, the United States does not make the top 20, an interesting observation for Match Group staff considering where to retire.

Top 10 Countries for a Comfortable Retirement:

1. Luxembourg finds itself in the tenth spot for retirement but does not fare as well in the global ranking, within the top 30. The country performs well in terms of quality of life and social vocation, ranking 17th and 16th respectively. Eligibility for retirement requires contributions to the national old-age pension fund for at least ten years.

2. Sweden, known for its high quality of life and commitment to social causes, ranks second in these areas but 20th for adventure, reflecting its friendly populace and pleasant climate. Retiring in Sweden involves more than a tourist stay; obtaining a residence permit from a Swedish consulate or embassy is necessary for stays exceeding 90 days.

3. Netherlands, despite not being in the top 10 globally, secures a spot among the best for retirement. The country is also a popular destination for solo travelers, ranked at number nine. Future retirees from outside the EU will need to navigate visas and residency permits to settle here.

4. Denmark leads the survey in terms of quality of life and sociability among the participating countries but ranks seventh for retirement. Notably, Switzerland does not offer a specific retirement visa, making long-term visas essential for American citizens planning extended stays.

5. Canada is a favored destination for some U.S. citizens, ranked sixth for retirement and fourth overall. The country tops the charts in terms of sociability, quality of life, and agility. Canada does not offer a special visa for retirement; however, a super visa may allow extended family visits, valid for five years.

6. Spain holds the fifth spot, with lower rents and property taxes than the United States. An estimated modest monthly income of $1,913 is sufficient for a comfortable existence, supported by affordable social security. Despite the end of the Golden Visa program, Spain offers a Non-Lucrative Visa allowing a three-year stay for retirees.

7. Australia, previously ranked third, now takes the fourth spot. It offers an Investor Retirement visa for financially independent retirees without dependents, valid for four years. Despite rising housing prices, urban rents remain lower than those in major U.S. cities. Australia also provides a choice between universal and private healthcare.

Featured Video

Articles you may find interesting:

8. Portugal moves up from second place to third. The Portugal D7 Retirement Visa simplifies residency for non-European citizens with stable incomes, while its golden visa program offers permanent residency opportunities through significant investments in real estate or scientific research. The cost of living is significantly lower than in the United States, allowing for a comfortable life on $1,500 to $2,000 per month.

9. New Zealand, ranked second, appeals to the elderly with its temporary retiree visitor visa, requiring certain investments within the country. It also offers a residency visa for elderly parents to wealthy individuals. Thanks to reduced living costs and free healthcare, New Zealand provides a viable alternative for retirees.

10. Switzerland remains the epitome of retirement destinations due to its leading healthcare system, low taxes, and even high living expenses. Prospective retirees will need a type D visa, ensuring their health insurance and sufficient financial resources. Residents likely need at least 3,500 euros per month to live comfortably in an urban setting, and the country’s tax policies favor the affluent. It has a three-pillar pension system that starts at 65 for men and 64 for women, reinforcing its status as a refuge for retirees seeking stability and high living standards.

11. This ranking highlights the importance of meticulous planning and considering various factors such as healthcare, cost of living, and social amenities when choosing a retirement location. Each country presents its own benefits and challenges, making it essential to consider personal preferences and financial circumstances in selecting the right place for retirement.

For Match Group retirees who might consider settling in top-ranked Switzerland, it's advantageous to know that Switzerland offers tax benefits for foreign retirees as part of its lump-sum taxation system, also called 'taxation according to expenditure.' This method allows retirees to negotiate their taxes based on their living expenses rather than income, significantly reducing their tax burden, making it an attractive option for those with substantial retirement incomes. This policy is especially beneficial to Match Group corporate sector retirees who may have significant pensions or investments (Swiss Federal Tax Administration, 2022).

Choose a nation from the top ten list as if selecting the ideal wine from a prestigious estate. Just as a wine enthusiast assesses wine based on its region, age, and grape type to match their taste and occasion, a retiree evaluates each country based on its healthcare quality, cost of living, and social infrastructure to find the best fit for their retired life. Switzerland, like a fine Swiss watch, demonstrates precision in healthcare and stability, making it the preferred choice for those seeking a top-tier retirement haven.

What is the 401(k) plan offered by Match Group?

Match Group offers a 401(k) plan that allows employees to save for retirement with pre-tax contributions, providing a tax advantage for participants.

Does Match Group provide a company match for 401(k) contributions?

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

How can employees at Match Group enroll in the 401(k) plan?

Employees at Match Group can enroll in the 401(k) plan during their onboarding process or during the annual open enrollment period.

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

Match Group's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk profiles.

Is there a vesting schedule for the company match in Match Group's 401(k) plan?

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

Can employees at Match Group take loans against their 401(k) savings?

Yes, Match Group allows employees to take loans against their 401(k) savings, subject to certain conditions and limits set by the plan.

What is the minimum contribution percentage for Match Group's 401(k) plan?

The minimum contribution percentage for Match Group's 401(k) plan may vary, but employees are encouraged to contribute at least enough to receive the full company match.

How often can employees change their contribution amount in Match Group's 401(k) plan?

Employees at Match Group can change their contribution amount to the 401(k) plan at any time, subject to the plan's guidelines.

Does Match Group offer financial education resources for employees regarding their 401(k) plan?

Yes, Match Group provides financial education resources and tools to help employees understand their 401(k) options and make informed investment decisions.

What happens to Match Group's 401(k) plan if an employee leaves the company?

If an employee leaves Match Group, they have several options for their 401(k) savings, including rolling it over to an IRA or a new employer's plan, or cashing it out (subject to taxes and penalties).

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Pension Plan Name: Match Group does not appear to have a traditional defined benefit pension plan. Instead, the company provides a 401(k) plan which is the primary retirement savings vehicle for employees. Years of Service and Age Qualification: Since there is no defined benefit pension plan, the typical pension-related qualifications such as years of service and age do not apply. Pension Formula: As there is no defined benefit pension plan, there is no pension formula applicable. 401(k) Plan Name: Match Group, Inc. 401(k) Plan Eligibility Criteria: Employees are eligible to participate in the 401(k) plan after completing 30 days of service. Contribution Matching: Match Group offers a company match up to a certain percentage of the employee’s contribution, usually matching contributions dollar-for-dollar up to 4% of the employee’s salary.

Layoffs and Restructuring: Match Group announced a significant restructuring in early 2024, resulting in a reduction of 10% of its workforce. This move is part of a broader strategy to streamline operations and improve profitability amid challenging market conditions. The company is focusing on integrating its various platforms and investing in new technologies to drive future growth. Benefits and 401(k) Changes: Alongside the layoffs, Match Group is also revising its employee benefits and 401(k) plans. The company has reduced its matching contributions to employee 401(k) plans and is introducing a new performance-based benefits program. These changes are aimed at aligning compensation with company performance and managing costs more effectively.

Match Group offers stock options and RSUs as part of its compensation packages. Stock options typically grant employees the right to purchase shares at a set price. RSUs represent a promise to issue shares to employees upon meeting certain conditions.**

Benefits Overview: Employees have reported comprehensive health benefits, including medical, dental, and vision insurance. Additionally, Match Group offers flexible spending accounts (FSAs) and health savings accounts (HSAs). Employee Reviews: Many reviews highlight positive aspects of the benefits package, including a strong emphasis on mental health support and employee wellness.