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ABM Industries Employees Take on the World: Exploring the Best Overseas Retirement Spots for 2025

'ABM Industries employees exploring international retirement can enhance their lifestyle by planning carefully around healthcare, tax considerations, and residency requirements abroad.' – Paul Bergeron, a representative of The Retirement Group, a division of Wealth Enhancement Group.

'ABM Industries employees nearing retirement should view overseas living as a strategic lifestyle choice that combines financial efficiency with rich cultural experiences—when approached with thoughtful planning.' – Tyson Mavar, a representative of The Retirement Group, a division of Wealth Enhancement Group.

In this article, we will discuss:

The growing trend of retiring abroad and its increasing allure among Americans.
Top international retirement destinations and their unique attractions, as highlighted in the 2025 Retirement Overseas Index.
Key considerations for transitioning to an overseas lifestyle, including residency visas, tax benefits, and healthcare options.

For ABM Industries employees seeking a meaningful vacation or a permanent change of scenery after retirement, the idea of retiring abroad might be enticing. Recent trends show more Americans interested in international living. According to a Gallup poll, interest grew to 21% by 2024 from 10% in 2011. Improved global connectivity and broader social acceptance globally are contributing to this rising curiosity.

The 2025 Retirement Overseas Index by Live & Invest Overseas shows why people move abroad. This index rates retirement destinations on cost of living, healthcare quality, local regulations, tax considerations, and proximity to beaches, museums, and nature trails. Such factors are essential for retirement security.

The index considers some cities as good retirement spots. Valencia in Spain has an expat community and a Mediterranean climate for leisure and culture. And Medellin, Colombia, meanwhile, is an active urban area with a varied culinary and cultural scene for retirees looking for a dynamic lifestyle.

Transitioning to an overseas lifestyle takes planning. From choosing the right travel insurance to learning from current expats, ABM Industries retirees can prepare for life abroad. Those efforts enable informed decision-making and realistic expectations for those prepared to live internationally.

Understanding residency is also important for retirees moving. For example, Portugal offers the D7 retirement visa, which has accessible income requirements and offers great healthcare and tax advantages. The historical richness, relaxed lifestyle, and beautiful landscape of Portugal are highlighted in the 2025 Retirement Overseas Index.

Find out where to retire abroad in 2025. Explore top options like Valencia and Medellin - both known for their cultural vibrancy, quality healthcare, affordability, and friendly environments. Taxes, residency visas, and leisure tips for retiring Americans abroad. Ideal for ABM Industries workers looking for a beachy experience after work.

From Valencia's old-world charm to Medellin's cultural capital, each destination offers something different - like picking a wine for retirement. So, whether it's the soft familiarity of Valencia or the wild energy of Medellin, retirees can choose where to retire by weighing costs of living, healthcare, and local community - like choosing a wine by vineyard, vintage, and flavor profile.

Retiring abroad offers lower cost of living, affordable healthcare, and exposure to other cultures. The five sources that support these points are listed below with brief explanations of how they benefit retirees and strengthen the case for international retirement.

Articles you may find interesting:

Source:

1. Investopedia Staff. 'Is Retiring Abroad Right for You? Key Factors to Consider Now.' Investopedia , Nov. 2024, www.investopedia.com/is-retiring-abroad-right-for-you-key-factors-to-consider-now-8415232 .

2. Tubongbanua, Rachelle. 'Retiring Abroad: Financial Factors to Consider.' U.S. Bank , Oct. 2024, www.usbank.com/financialiq/inspire/retirement/retiring-abroad-financial-factors-to-consider.html .

3. Ingrim, Alex. 'The Pros and Cons of Retiring Abroad.' Kiplinger , July 2023, www.kiplinger.com/retirement/retiring-abroad/the-pros-and-cons-of-retiring-abroad .

4. U.S. News Staff. 'Best Places to Retire Overseas in 2025.' U.S. News & World Report , Jan. 2025, www.usnews.com/money/retirement/articles/best-places-to-retire-overseas-in-2025 .

5. Investopedia Staff. 'Retirees Flock to These Countries for Unmatched Benefits—Is Yours on the List?' Investopedia , Oct. 2024, www.investopedia.com/retirees-flock-to-these-countries-for-unmatched-benefits-8421893 .

What is the primary purpose of the 401(k) plan at ABM Industries?

The primary purpose of the 401(k) plan at ABM Industries is to help employees save for retirement by allowing them to contribute a portion of their salary on a tax-deferred basis.

Does ABM Industries offer a matching contribution for its 401(k) plan?

Yes, ABM Industries offers a matching contribution to encourage employees to save for retirement, which can significantly enhance their retirement savings.

What are the eligibility requirements for participating in ABM Industries' 401(k) plan?

Employees of ABM Industries are typically eligible to participate in the 401(k) plan after completing a specified period of service, usually 30 days.

How can employees at ABM Industries enroll in the 401(k) plan?

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

What types of investment options are available in ABM Industries' 401(k) plan?

ABM Industries' 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and possibly company stock, allowing employees to choose based on their risk tolerance.

Can employees change their contribution percentage to the 401(k) plan at ABM Industries?

Yes, employees at ABM Industries can change their contribution percentage at any time, subject to the plan's guidelines.

Is there a vesting schedule for ABM Industries' matching contributions?

Yes, ABM Industries has a vesting schedule for matching contributions, meaning employees must work for the company for a certain period before they fully own the employer's contributions.

What happens to the 401(k) plan if an employee leaves ABM Industries?

If an employee leaves ABM Industries, they can choose to roll over their 401(k) balance to another retirement account, withdraw the funds, or leave the money in the ABM Industries plan if allowed.

Are there loans available against the 401(k) balance at ABM Industries?

Yes, ABM Industries may allow employees to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan.

How often can employees at ABM Industries make changes to their investment allocations in the 401(k) plan?

Employees at ABM Industries can typically make changes to their investment allocations on a quarterly basis or as specified in the plan documents.

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For more information you can reach the plan administrator for ABM Industries at 551 Fifth Avenue, Suite 300 New York, NY 10176; or by calling them at (212) 297-0200.