Regardless of age, profession, and living location, many individuals possess the ultimate goal of retiring comfortably, including those employed in Zebra Technologies. With that under consideration, it is imperative to acknowledge that retirement does not necessarily have equal value across state lines. One’s state of residency determines their taxes, cost of living, and climate, making some locations more desirable and fitting for retirement to certain Zebra Technologies employees. In addition, income and purchasing power can have different values in various locations of the country. For the purpose of this article, we will be ranking the top states that are ideal for retirement.
For those employed in Zebra Technologies, spontaneously moving to a different country with desirable characteristics for retirement may seem appealing. Despite that, it is crucial to consider working with a financial advisor to increase your likelihood of success and consolidate a solid financial plan that will cater to your retirement needs. Research suggests people who work with a financial advisor feel more at ease about their finances and could end up with about 15% more money to spend in retirement . 1 When taking that into account, those working for Zebra Technologies may benefit from meeting with an advisor at The Retirement Group and running a complimentary cash flow analysis to better understand their future prospects for retirement.
Best States for Minimizing Taxes in Retirement
When contemplating a comfortable retirement, those employed in Zebra Technologies must recognize how reducing tax liability is a top priority. The following states listed below either have no state income tax, no tax on retirement income, or a substantial discount on the taxes levied on retirement income. These states also have no state income tax, and favorable sales, property, inheritance, and estate taxes.
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- Alaska
- Florida
- Georgia
- Mississippi
- Nevada
- South Dakota
- Wyoming
As an employee of Zebra Technologies , if those states aren’t appealing to you, you may want to consider the subsequent tier of states with reduced taxation. While the tax benefits aren’t up to par with the ones mentioned above, these following states have no taxes on social security income. As an example, Washington has no state income tax but has a 6.5% state sales tax. With that under consideration, while it is essential for Zebra Technologies employees to look into the pros and cons of taxation when considering retirement in another state, finding a home that is suitable and comfortable for your needs is of utmost importance as well.
- Alabama
- Arkansas
- Colorado
- Delaware
- Idaho
- Illinois
- Kentucky
- Louisiana
- Michigan
- New Hampshire
- Oklahoma
- Pennsylvania
- South Carolina
- Tennessee
- Texas
- Virginia
- Washington
- West Virginia
Reference(s):
What type of retirement plan does Zebra Technologies offer to its employees?
Zebra Technologies offers a 401(k) retirement savings plan to its employees.
Does Zebra Technologies provide a company match for its 401(k) contributions?
Yes, Zebra Technologies provides a company match for employee contributions to the 401(k) plan, subject to certain limits.
How can employees at Zebra Technologies enroll in the 401(k) plan?
Employees at Zebra Technologies can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.
What is the minimum age to participate in the Zebra Technologies 401(k) plan?
Employees must be at least 21 years old to participate in the Zebra Technologies 401(k) plan.
Are there any eligibility requirements for the 401(k) plan at Zebra Technologies?
Yes, employees must meet specific eligibility requirements, including a minimum service period, to participate in the Zebra Technologies 401(k) plan.
What types of investment options are available in the Zebra Technologies 401(k) plan?
The Zebra Technologies 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
Can employees at Zebra Technologies take loans against their 401(k) savings?
Yes, Zebra Technologies allows employees to take loans against their 401(k) savings, subject to the plan’s terms and conditions.
What is the vesting schedule for the company match in the Zebra Technologies 401(k) plan?
The vesting schedule for the company match in the Zebra Technologies 401(k) plan typically follows a graded vesting schedule over several years.
How often can employees change their contribution percentage to the Zebra Technologies 401(k) plan?
Employees at Zebra Technologies can change their contribution percentage to the 401(k) plan at any time, subject to the plan’s rules.
Does Zebra Technologies offer financial education resources for employees regarding the 401(k) plan?
Yes, Zebra Technologies provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.