'Iron Mountain 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.
'Iron Mountain 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 Iron Mountain 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, Iron Mountain 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 Iron Mountain 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 Iron Mountain 401(k) plan?
The Iron Mountain 401(k) plan is a retirement savings plan that allows employees to save and invest a portion of their paycheck before taxes are taken out.
How can I enroll in Iron Mountain's 401(k) plan?
Employees can enroll in Iron Mountain's 401(k) plan by accessing the benefits portal or contacting the HR department for guidance on the enrollment process.
What is the employer match for Iron Mountain's 401(k) plan?
Iron Mountain offers a competitive employer match for contributions made to the 401(k) plan, which helps employees maximize their retirement savings.
At what age can I start participating in Iron Mountain's 401(k) plan?
Employees at Iron Mountain can typically start participating in the 401(k) plan as soon as they meet eligibility requirements, which usually begins after 30 days of employment.
How much can I contribute to Iron Mountain's 401(k) plan annually?
The contribution limits for Iron Mountain's 401(k) plan align with IRS guidelines, allowing employees to contribute up to the maximum limit set for the year.
Does Iron Mountain offer a Roth 401(k) option?
Yes, Iron Mountain provides a Roth 401(k) option, allowing employees to make after-tax contributions that can grow tax-free.
Can I take a loan from my Iron Mountain 401(k) plan?
Yes, Iron Mountain's 401(k) plan allows eligible employees to take loans against their account balance under certain conditions.
What happens to my Iron Mountain 401(k) if I leave the company?
If you leave Iron Mountain, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it with Iron Mountain.
How often can I change my contribution amount to Iron Mountain's 401(k) plan?
Employees can typically change their contribution amount to Iron Mountain's 401(k) plan at any time, subject to plan rules.
Are there any fees associated with Iron Mountain's 401(k) plan?
Yes, Iron Mountain's 401(k) plan may have administrative fees and investment-related fees, which are disclosed in the plan documents.
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