'Peter Kiewit Sons' 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.
'Peter Kiewit Sons' 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 Peter Kiewit Sons' 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, Peter Kiewit Sons' 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 Peter Kiewit Sons' 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 Peter Kiewit Sons' offer to its employees?
Peter Kiewit Sons' offers a 401(k) retirement savings plan to its employees.
How can employees of Peter Kiewit Sons' enroll in the 401(k) plan?
Employees of Peter Kiewit Sons' can enroll in the 401(k) plan by completing the enrollment process through the company's HR portal.
Does Peter Kiewit Sons' match employee contributions to the 401(k) plan?
Yes, Peter Kiewit Sons' offers a matching contribution to employee contributions to the 401(k) plan, subject to certain limits.
What is the maximum contribution limit for the 401(k) plan at Peter Kiewit Sons'?
The maximum contribution limit for the 401(k) plan at Peter Kiewit Sons' aligns with the IRS annual limits, which are updated each year.
Can employees of Peter Kiewit Sons' take loans against their 401(k) savings?
Yes, employees of Peter Kiewit Sons' may have the option to take loans against their 401(k) savings, subject to the plan's terms.
What investment options are available in the Peter Kiewit Sons' 401(k) plan?
The 401(k) plan at Peter Kiewit Sons' typically offers a variety of investment options, including mutual funds and target-date funds.
Are there any fees associated with the 401(k) plan at Peter Kiewit Sons'?
Yes, there may be administrative fees and investment-related fees associated with the 401(k) plan at Peter Kiewit Sons'.
How often can employees of Peter Kiewit Sons' change their 401(k) contributions?
Employees of Peter Kiewit Sons' can typically change their 401(k) contributions at any time, following the company's guidelines.
What happens to the 401(k) savings if an employee leaves Peter Kiewit Sons'?
If an employee leaves Peter Kiewit Sons', they can choose to roll over their 401(k) savings to another retirement account or withdraw the funds, subject to tax implications.
Does Peter Kiewit Sons' provide financial education regarding the 401(k) plan?
Yes, Peter Kiewit Sons' provides resources and financial education to help employees understand their 401(k) options and make informed decisions.
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