'GP Strategies Corporation 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.
'GP Strategies Corporation 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 GP Strategies Corporation 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, GP Strategies Corporation 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 GP Strategies Corporation 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 401(k) plan offered by GP Strategies Corporation?
The 401(k) plan at GP Strategies Corporation is a retirement savings plan that allows employees to contribute a portion of their salary on a pre-tax basis, helping them save for retirement.
How can I enroll in the GP Strategies Corporation 401(k) plan?
Employees can enroll in the GP Strategies Corporation 401(k) plan by completing the enrollment process through the company’s benefits portal during the designated enrollment period.
What types of contributions can I make to my GP Strategies Corporation 401(k) plan?
Employees can make pre-tax contributions, Roth (after-tax) contributions, and may also be eligible for employer matching contributions in the GP Strategies Corporation 401(k) plan.
Does GP Strategies Corporation offer matching contributions to the 401(k) plan?
Yes, GP Strategies Corporation provides a matching contribution to eligible employees participating in the 401(k) plan, enhancing their retirement savings.
What is the vesting schedule for GP Strategies Corporation's 401(k) matching contributions?
The vesting schedule for GP Strategies Corporation's matching contributions typically follows a graded vesting schedule, which means employees gain ownership of the contributions over a period of time.
Can I take loans from my GP Strategies Corporation 401(k) plan?
Yes, GP Strategies Corporation allows employees to take loans from their 401(k) plan, subject to certain terms and conditions outlined in the plan documents.
What investment options are available in the GP Strategies Corporation 401(k) plan?
The GP Strategies Corporation 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to help employees diversify their portfolios.
How often can I change my investment choices in the GP Strategies Corporation 401(k) plan?
Employees can change their investment choices in the GP Strategies Corporation 401(k) plan at any time, allowing for adjustments based on personal financial goals.
What happens to my GP Strategies Corporation 401(k) plan if I leave the company?
If you leave GP Strategies Corporation, you have several options for your 401(k) plan, including rolling it over to another qualified plan, cashing it out, or leaving it with GP Strategies Corporation for future growth.
Is there a minimum contribution requirement for the GP Strategies Corporation 401(k) plan?
Yes, GP Strategies Corporation may have a minimum contribution requirement for employees participating in the 401(k) plan, which can vary based on the plan specifics.
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