There’s a growing trend among American seniors. Retiring abroad has never looked better, despite the challenges that come with it.
The bulk of these challenges deal with the bureaucratic aspect of getting and transferring your benefits to your new home. But other than that, there’s a lot of appeal to packing up and heading for a new country to live out your golden years. Seniors may crave a change of scenery, the call to adventure, a fresh chapter, cheaper healthcare, and the other perks that come with traveling to another country.
This fantastic article by U.S. News details the specifics of what expats will need to do. To summarize, you’ll need an online “my Social Security” account, and may want to have some money deposited in a U.S. bank. You may also need to send forms back to the U.S. every year or two. Check out the full article for more details on retiring abroad.
Of course, this trend highlights the importance of a strong Social Security system. After all, seniors deserve the money they’ve paid in, so they can fully cover their travel and relocation costs. If you support raising payments for all retirees, sign our petition here.
Would you consider living abroad in retirement?
