'Ashland 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.
'Ashland 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:
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The growing trend of retiring abroad and its increasing allure among Americans.
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Top international retirement destinations and their unique attractions, as highlighted in the 2025 Retirement Overseas Index.
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Key considerations for transitioning to an overseas lifestyle, including residency visas, tax benefits, and healthcare options.
For Ashland 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, Ashland 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 Ashland 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.
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- How Are Workers Impacted by Inflation & Rising Interest Rates?
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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 Ashland's 401(k) Savings Plan?
The primary purpose of Ashland's 401(k) Savings Plan is to help employees save for retirement by providing a tax-advantaged way to invest a portion of their income.
How can Ashland employees enroll in the 401(k) Savings Plan?
Ashland employees can enroll in the 401(k) Savings Plan by accessing the employee benefits portal or contacting the HR department for assistance.
Does Ashland offer a matching contribution for its 401(k) Savings Plan?
Yes, Ashland offers a matching contribution to the 401(k) Savings Plan, which helps employees maximize their retirement savings.
What types of investment options are available in Ashland's 401(k) Savings Plan?
Ashland's 401(k) Savings Plan typically offers a variety of investment options, including mutual funds, target-date funds, and company stock.
At what age can Ashland employees start withdrawing from their 401(k) Savings Plan without penalties?
Ashland employees can start withdrawing from their 401(k) Savings Plan without penalties at age 59½.
Can Ashland employees take loans against their 401(k) Savings Plan balance?
Yes, Ashland allows employees to take loans against their 401(k) Savings Plan balance, subject to certain terms and conditions.
How often can Ashland employees change their contribution percentage to the 401(k) Savings Plan?
Ashland employees can change their contribution percentage to the 401(k) Savings Plan at any time, subject to plan rules.
Is there a vesting schedule for Ashland's 401(k) matching contributions?
Yes, Ashland has a vesting schedule for matching contributions, which determines how much of the employer contributions employees are entitled to based on their years of service.
Can Ashland employees roll over funds from another retirement account into the 401(k) Savings Plan?
Yes, Ashland employees can roll over funds from other qualified retirement accounts into the Ashland 401(k) Savings Plan.
What is the maximum contribution limit for Ashland's 401(k) Savings Plan?
The maximum contribution limit for Ashland's 401(k) Savings Plan is set by the IRS and may change annually; employees should check the latest guidelines for the specific limit.
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