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MDU Resources Group Employees Take on the World: Exploring the Best Overseas Retirement Spots for 2025

'MDU Resources Group 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.

'MDU Resources Group 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 MDU Resources Group 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, MDU Resources Group 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 MDU Resources Group 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 types of retirement savings plans does MDU Resources Group offer?

MDU Resources Group offers a 401(k) savings plan to help employees save for retirement.

How can employees of MDU Resources Group enroll in the 401(k) plan?

Employees can enroll in the MDU Resources Group 401(k) plan by visiting the company’s benefits portal or contacting the HR department for assistance.

Does MDU Resources Group match employee contributions to the 401(k) plan?

Yes, MDU Resources Group provides a matching contribution to the 401(k) plan, subject to certain limits.

What is the maximum contribution limit for the MDU Resources Group 401(k) plan?

The maximum contribution limit for the MDU Resources Group 401(k) plan is aligned with IRS guidelines, which may change annually.

Can employees of MDU Resources Group take loans against their 401(k) savings?

Yes, MDU Resources Group allows employees to take loans against their 401(k) savings, subject to specific terms and conditions.

What investment options are available in the MDU Resources Group 401(k) plan?

The MDU Resources Group 401(k) plan offers a variety of investment options, including mutual funds and target-date funds.

When can employees of MDU Resources Group start withdrawing from their 401(k) accounts?

Employees can start withdrawing from their MDU Resources Group 401(k) accounts at age 59½, or earlier under certain circumstances.

Is there a vesting schedule for the employer match in the MDU Resources Group 401(k) plan?

Yes, MDU Resources Group has a vesting schedule for the employer match, which determines how much of the match employees are entitled to based on their years of service.

How often can employees change their contribution amounts to the MDU Resources Group 401(k) plan?

Employees of MDU Resources Group can change their contribution amounts on a quarterly basis or as specified in the plan documents.

What happens to the 401(k) savings if an employee leaves MDU Resources Group?

If an employee leaves MDU Resources Group, they can choose to roll over their 401(k) savings to another retirement account, cash out, or leave the funds in the MDU plan if eligible.