Do you dream of retiring to some foreign land? Maybe in South America, Europe, or perhaps the Caribbean? It isn’t uncommon. As reported recently in an article by The Week, “As of April 2019, the Social Security Administration was sending 685,000 payments to beneficiaries overseas — a 40 percent increase over the past 10 years”. The cost of living and health care is generally lower, and the climate can be more temperate than the extremes some U.S. Residents are used to. With wanderlust becoming more trendy, it’s not surprising with the growing percentage of Americans becoming ex-pats. Forbes even has come out with a list of the Best Places to Retire Abroad in 2019. Are you ready for a change of scenery in retirement?
Considerations for Retiring Abroad
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