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Navigating Retirement: A Guide for Playtika Holding Employees

'Playtika Holding employees should carefully evaluate how state-to-state cost differences can reshape their retirement goals, as geographic decisions play a major role in long-term planning,' – Patrick Ray, a representative of The Retirement Group, a division of Wealth Enhancement Group.

'Playtika Holding employees can benefit from comparing state and international living costs to align their retirement plans with locations that support their long-term financial goals,' – Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement Group.

In this article, we will discuss:

The financial requirements for a comfortable retirement across different U.S. states— How location impacts the savings needed for retirement.
Affordable and expensive retirement destinations— A comparison of high-cost states like Hawaii versus budget-friendly states such as Arkansas.
Alternative retirement options, including international living— Exploring cost-effective retirement choices abroad.

Many Playtika Holding employees will retire after decades of service and careful financial planning. What is needed to retire comfortably varies greatly state by state, and some places require much larger reserves.

What Does Your Retirement Need?

GoBankingRates recently researched the amount needed to retire comfortably and found it to be fairly conservative. It uses data from the Federal Reserve Economic Data, the Zillow Home Value Index and the Social Security Administration.

The report examines savings needed for each age bracket assuming retirement at 65 and age 85. That assumes average Social Security payments of around USD 1,876 per month per person, which accounts for the required 20-year savings.

Cost Variations by State

For Playtika Holding workers in New Jersey, Colorado and Maryland, more than USD 1 million may be needed to live comfortably after retirement. The most expensive state is Hawaii, which requires more than USD 3 million in estimated savings to cover retirement costs including Social Security benefits.

Conversely, states like Arkansas and Mississippi have more modest retirement scenarios with estimated savings needs of less than USD 500,000. Such areas might attract retirees who want affordability with a desirable lifestyle.

Considering International Retirement?

Those open to living abroad find Mexico and Portugal an economical but fulfilling retirement option. Lower living costs, tax incentives and structured residency programs may all help with financial security in retirement.

Choosing the Right Location

Playtika Holding professionals need to consider geographic options and how they affect long-term financial security. For more on state-specific retirement affordability, visit GoBankingRates (link).

It also names top U.S. cities for retirement - Naples, Florida, or Sun City, Arizona. There is affordability, quality healthcare and a strong community life in these locations - factors that are becoming more important for retirement planning.

Final Thoughts

Playtika Holding workers may want to read the latest GoBankingRates findings about what retirement savings are needed. This analysis details financial considerations for a secure retirement - whether in West Virginia or Hawaii - a high-cost financial destination.

Planning for retirement is preparing for an extended voyage. As sailors map their routes and anticipate changes in the sea, so must retirees navigate financial landscapes to create a structured retirement plan. All states have their advantages and disadvantages, like the conditions that mariners face.

Articles you may find interesting:

Source:

1. Kiplinger Staff. The Minimum Savings You Need To Retire in All 50 States . Kiplinger, Nov. 2024, www.kiplinger.com/retirement/social-security/minimum-savings-to-retire-by-state . Accessed 15 Apr. 2025.

2. International Living Staff. Best Places to Retire in 2025: The Annual Global Retirement Index . International Living, 28 Nov. 2024, internationalliving.com/the-best-places-to-retire/. Accessed 15 Apr. 2025.

3. AARP Staff. “9 Great Affordable Places to Retire Abroad.” AARP , Feb. 2025, www.aarp.org/retirement/planning-for-retirement/info-2025/places-to-retire-abroad-cheap.html . Accessed 15 Apr. 2025.

4. Csiszar, John. “15 Most Affordable Places To Retire Abroad.” Nasdaq , 25 Aug. 2024, www.nasdaq.com/articles/15-most-affordable-places-retire-abroad . Accessed 15 Apr. 2025.

4. Investopedia Staff. Retirement Living Costs: These 6 States Will Drain Your Savings the Fastest . Investopedia, Nov. 2024, www.investopedia.com/most-expensive-states-to-retire-8729918 . Accessed 15 Apr. 2025.

What type of retirement savings plan does Playtika Holding offer to its employees?

Playtika Holding offers a 401(k) retirement savings plan to its employees.

Does Playtika Holding provide any employer matching contributions to the 401(k) plan?

Yes, Playtika Holding offers an employer matching contribution to help employees maximize their retirement savings.

What is the eligibility requirement for employees to participate in Playtika Holding's 401(k) plan?

Employees at Playtika Holding are eligible to participate in the 401(k) plan after completing a specified period of employment, typically within the first year.

Can employees of Playtika Holding choose how to invest their 401(k) contributions?

Yes, employees of Playtika Holding can choose from a variety of investment options within the 401(k) plan.

Is there a vesting schedule for employer contributions in Playtika Holding's 401(k) plan?

Yes, Playtika Holding has a vesting schedule that determines how long employees must work to fully own employer contributions.

How can employees at Playtika Holding access their 401(k) account information?

Employees can access their 401(k) account information through the designated online portal provided by Playtika Holding's plan administrator.

What is the maximum contribution limit for employees participating in Playtika Holding's 401(k) plan?

The maximum contribution limit for employees in Playtika Holding's 401(k) plan is determined by IRS guidelines, which may change annually.

Does Playtika Holding allow for loans against the 401(k) balance?

Yes, Playtika Holding allows employees to take loans against their 401(k) balance under certain conditions.

Are there any penalties for early withdrawal from the 401(k) plan at Playtika Holding?

Yes, early withdrawals from Playtika Holding's 401(k) plan may incur penalties as per IRS regulations.

What happens to an employee's 401(k) balance if they leave Playtika Holding?

If an employee leaves Playtika Holding, they can roll over their 401(k) balance to another retirement account or leave it in the Playtika Holding plan, subject to the plan's rules.