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

'State Street 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.

'State Street 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 State Street 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, State Street 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 State Street 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 State Street?

The 401(k) plan at State Street is a retirement savings plan that allows employees to save a portion of their salary before taxes are deducted.

How can I enroll in State Street's 401(k) plan?

Employees can enroll in State Street's 401(k) plan by accessing the enrollment portal through the company’s HR website or by contacting the HR department for assistance.

What is the company match for State Street's 401(k) plan?

State Street offers a company match for contributions made to the 401(k) plan, typically matching a percentage of employee contributions up to a certain limit.

Are there any eligibility requirements for State Street's 401(k) plan?

Yes, employees must meet specific eligibility criteria, such as length of service and employment status, to participate in State Street's 401(k) plan.

What investment options are available in State Street's 401(k) plan?

State Street's 401(k) plan offers a range of investment options, including mutual funds, target-date funds, and other investment vehicles tailored to different risk tolerances.

Can I change my contribution rate to State Street's 401(k) plan?

Yes, employees can change their contribution rates to State Street's 401(k) plan at any time, subject to the plan's guidelines.

How often can I change my investment choices in State Street's 401(k) plan?

Employees can typically change their investment choices in State Street's 401(k) plan on a regular basis, often quarterly or as specified in the plan documents.

What happens to my 401(k) plan if I leave State Street?

If you leave State Street, you can choose to roll over your 401(k) balance to another retirement account, leave it in the State Street plan, or cash it out, subject to tax implications.

Does State Street offer financial education regarding the 401(k) plan?

Yes, State Street provides resources and educational sessions to help employees understand their 401(k) plan options and make informed investment decisions.

What is the vesting schedule for State Street's 401(k) plan?

The vesting schedule for State Street's 401(k) plan determines how long you must work at the company to fully own the employer contributions, which may vary based on tenure.