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Westinghouse Air Brake Technologies Employees Take on the World: Exploring the Best Overseas Retirement Spots for 2025

'Westinghouse Air Brake Technologies 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.

'Westinghouse Air Brake Technologies 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:

The growing trend of retiring abroad and its increasing allure among Americans.
Top international retirement destinations and their unique attractions, as highlighted in the 2025 Retirement Overseas Index.
Key considerations for transitioning to an overseas lifestyle, including residency visas, tax benefits, and healthcare options.

For Westinghouse Air Brake Technologies 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, Westinghouse Air Brake Technologies 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 Westinghouse Air Brake Technologies 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.

Articles you may find interesting:

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 Westinghouse Air Brake Technologies?

The 401(k) plan at Westinghouse Air Brake Technologies is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How can employees enroll in the Westinghouse Air Brake Technologies 401(k) plan?

Employees can enroll in the Westinghouse Air Brake Technologies 401(k) plan by completing the enrollment form available through the HR portal or by contacting the HR department directly.

Does Westinghouse Air Brake Technologies offer matching contributions to the 401(k) plan?

Yes, Westinghouse Air Brake Technologies offers a matching contribution to the 401(k) plan, which helps employees increase their retirement savings.

What is the vesting schedule for the matching contributions at Westinghouse Air Brake Technologies?

The vesting schedule for matching contributions at Westinghouse Air Brake Technologies typically follows a graded vesting schedule, where employees become fully vested after a certain number of years of service.

Can employees change their contribution percentage to the 401(k) plan at Westinghouse Air Brake Technologies?

Yes, employees at Westinghouse Air Brake Technologies can change their contribution percentage at any time, subject to the plan's rules.

What investment options are available in the Westinghouse Air Brake Technologies 401(k) plan?

The Westinghouse Air Brake Technologies 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance and retirement goals.

Is there a minimum contribution requirement for the Westinghouse Air Brake Technologies 401(k) plan?

Yes, Westinghouse Air Brake Technologies may have a minimum contribution requirement, which is outlined in the plan documents provided to employees.

How often can employees at Westinghouse Air Brake Technologies make changes to their investment allocations?

Employees at Westinghouse Air Brake Technologies can typically make changes to their investment allocations on a quarterly basis or as specified in the plan guidelines.

What happens to the 401(k) savings if an employee leaves Westinghouse Air Brake Technologies?

If an employee leaves Westinghouse Air Brake Technologies, they can either roll over their 401(k) savings into another retirement account, cash out their balance, or leave the funds in the Westinghouse Air Brake Technologies plan if allowed.

Are there any penalties for early withdrawal from the Westinghouse Air Brake Technologies 401(k) plan?

Yes, early withdrawals from the Westinghouse Air Brake Technologies 401(k) plan may incur penalties and taxes, unless certain conditions are met, such as financial hardship.