Find out about retiring overseas – is it for you?
Lead In: Is an overseas retirement for you? Consider these factors.
Factoid: According to the SSA, more than 700,000 retired US workers living overseas received Social Security benefits (as of December 2022, latest data available).
Hello and welcome to an audio intro to EP008 – Insider Tips for The Top Things to Know About Retiring Overseas
I’m Winn, your beloved leader of the Retirement Revolt.
Thank you for being here with me for insights to build your retirement security!
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In Episode 7, you learned about 5 Key Risks to Your Retirement Portfolio Growth
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In Episode 8, you get a chance to “kick the tires” so to speak about deciding on retirement overseas. Get full access at: https://bit.ly/rrv008a
Here is an excerpt of today’s episode to get you started:
- Healthcare Considerations:
Health insurance is paramount.
For those considering moving overseas, healthcare remains at the top of the list of priorities.
Research healthcare systems and coverage options in your chosen country before you move.
Many countries require proof of insurance for entry or residency applications, so factor this into your plans from the start.
A visa attorney can advise on these requirements as part of your visa application.
Quality care is often available at more affordable prices than in the US.
For example, the Hospital Punta Pacifica in Panama is a private hospital in Panama City that is affiliated with Johns Hopkins Medicine.
- Finding Your Perfect Retirement Home (The Smart Way):
Avoid immediately purchasing property. Rent a short-term, furnished rental to acclimate to the area and lifestyle before committing to a significant purchase.
This allows you to explore different neighborhoods and adjust your expectations based on your experiences living in the area.
It’s far easier to relocate a rental than to sell a property if your initial choice doesn’t quite fit your needs.
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Remember – Information provided by the Retirement Revolt is for educational purposes and is offered “as is.”
Be sure to do your due diligence before making any decision to live abroad and consider all factors before making a final determination.
Please consult your financial and/or tax advisor before making any financial or investment decisions.
I’m Winn, your devoted leader of the Retirement Revolt! 🚀✨
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