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Westlake Employees Take on the World: Exploring the Best Overseas Retirement Spots for 2025

'Westlake 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.

'Westlake 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 Westlake 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, Westlake 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 Westlake 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 Westlake 401k/Savings Plan?

The Westlake 401k/Savings Plan is a retirement savings plan that allows employees to save for their future on a tax-deferred basis.

How can I enroll in the Westlake 401k/Savings Plan?

You can enroll in the Westlake 401k/Savings Plan by completing the enrollment form available through the HR portal or by contacting the HR department for assistance.

What is the employer match for the Westlake 401k/Savings Plan?

Westlake offers a competitive employer match for contributions made to the 401k/Savings Plan, which is typically a percentage of your contributions up to a certain limit.

When can I start contributing to the Westlake 401k/Savings Plan?

Employees can start contributing to the Westlake 401k/Savings Plan after completing their eligibility period, which is usually outlined in the employee handbook.

What types of investments are available in the Westlake 401k/Savings Plan?

The Westlake 401k/Savings Plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles tailored to different risk levels.

How often can I change my contributions to the Westlake 401k/Savings Plan?

Employees can typically change their contribution rates to the Westlake 401k/Savings Plan on a quarterly basis, but it’s best to check the specific guidelines provided by Westlake.

Is there a vesting schedule for the Westlake 401k/Savings Plan?

Yes, the Westlake 401k/Savings Plan includes a vesting schedule for employer contributions, which means you must work for Westlake for a certain period before you fully own those contributions.

Can I take a loan against my Westlake 401k/Savings Plan?

Yes, Westlake allows employees to take loans against their 401k/Savings Plan balance under certain conditions. Please refer to the plan documents for specific terms.

What happens to my Westlake 401k/Savings Plan if I leave the company?

If you leave Westlake, you have several options for your 401k/Savings Plan, including rolling it over to an IRA or another employer's plan, cashing it out, or leaving it with Westlake.

Does Westlake offer financial education regarding the 401k/Savings Plan?

Yes, Westlake provides financial education resources and workshops to help employees understand their 401k/Savings Plan options and make informed decisions.