'Elanco Animal Health 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.
'Elanco Animal Health 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 Elanco Animal Health 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, Elanco Animal Health 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 Elanco Animal Health 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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- 7 Things to Consider Before Leaving Your Company
- 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 401(k) plan offered by Elanco Animal Health?
The 401(k) plan at Elanco Animal Health is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
Does Elanco Animal Health offer matching contributions to the 401(k) plan?
Yes, Elanco Animal Health offers matching contributions to the 401(k) plan, which helps employees maximize their retirement savings.
How can employees enroll in the 401(k) plan at Elanco Animal Health?
Employees can enroll in the 401(k) plan at Elanco Animal Health through the company’s benefits portal during the enrollment period or after a qualifying event.
What are the eligibility requirements for the 401(k) plan at Elanco Animal Health?
To be eligible for the 401(k) plan at Elanco Animal Health, employees typically need to meet certain criteria, such as age and length of service.
Can employees take loans against their 401(k) at Elanco Animal Health?
Yes, Elanco Animal Health allows employees to take loans against their 401(k) balance under certain conditions.
What investment options are available in the Elanco Animal Health 401(k) plan?
The 401(k) plan at Elanco Animal Health offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to customize their investment strategy.
How often can employees change their contribution percentage to the Elanco Animal Health 401(k) plan?
Employees at Elanco Animal Health can change their contribution percentage to the 401(k) plan at any time, subject to company policies.
Is there a vesting schedule for the matching contributions at Elanco Animal Health?
Yes, Elanco Animal Health has a vesting schedule for matching contributions, which means employees must work for the company for a certain period before they fully own the matching funds.
What happens to an employee's 401(k) account if they leave Elanco Animal Health?
If an employee leaves Elanco Animal Health, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave it in the Elanco plan if eligible.
Are there any fees associated with the Elanco Animal Health 401(k) plan?
Yes, there may be administrative fees associated with the Elanco Animal Health 401(k) plan, which are disclosed in the plan documents.
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