'Dick's Sporting Goods 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.
'Dick's Sporting Goods 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 Dick's Sporting Goods 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, Dick's Sporting Goods 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 Dick's Sporting Goods 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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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 type of retirement savings plan does Dick's Sporting Goods offer to its employees?
Dick's Sporting Goods offers a 401(k) retirement savings plan to help employees save for retirement.
Does Dick's Sporting Goods match employee contributions to the 401(k) plan?
Yes, Dick's Sporting Goods provides a matching contribution to employee 401(k) plans, subject to certain limits.
What is the eligibility requirement to participate in Dick's Sporting Goods' 401(k) plan?
Employees at Dick's Sporting Goods typically become eligible to participate in the 401(k) plan after completing a specific period of service, usually within the first year of employment.
How can employees at Dick's Sporting Goods enroll in the 401(k) plan?
Employees can enroll in the Dick's Sporting Goods 401(k) plan through the company's benefits portal or by contacting the HR department for assistance.
What investment options are available in the Dick's Sporting Goods 401(k) plan?
The Dick's Sporting Goods 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Can employees at Dick's Sporting Goods take loans against their 401(k) savings?
Yes, Dick's Sporting Goods allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.
What happens to my 401(k) savings if I leave Dick's Sporting Goods?
If you leave Dick's Sporting Goods, you can roll over your 401(k) savings into another retirement account, cash out, or leave the funds in the Dick's Sporting Goods plan if eligible.
Is there a vesting schedule for the 401(k) matching contributions at Dick's Sporting Goods?
Yes, Dick's Sporting Goods has a vesting schedule for matching contributions, meaning employees must work for a certain period to fully own the matched funds.
How often can employees at Dick's Sporting Goods change their 401(k) contribution amounts?
Employees at Dick's Sporting Goods can typically change their 401(k) contribution amounts at any time, subject to the plan's rules.
Does Dick's Sporting Goods provide financial education resources for employees regarding the 401(k) plan?
Yes, Dick's Sporting Goods offers financial education resources and workshops to help employees make informed decisions about their 401(k) savings.
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