Retired Americans who are down on their luck are moving out of the country to stretch their savings and Social Security income.
“For folks worried about stretching their nest egg, even a few years spent in a good-value place abroad can make a big difference on the bottom line. Moving overseas can be a solid strategy for shoring up savings,” according to Jennifer Stevens, executive editor of International Living.com.
Stevens said the expatriate option is enticing many Americans.
“It’s never been easier to retire overseas — the infrastructure is better than ever, technology keeps you connected to family and friends back home, and there is a wealth of safe, welcoming, beautiful options overseas,” she said.
Possibly the most important factor for a generation of under-saving Americans, Stevens said, is in many places “a retiree can live comfortably for less than $2,000 a month.”
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Well when we have elected officials who are cutting medicaid to fund their tax breaks what do you expect? Take it out on the old and the poor, as long as they can rake in 100k+ for life right? What politician would agree to tax themselves at a higher rate for the good of other people?
ReplyDeleteI don't think Medicare works in other countries. Retirees are going to have to pay for healthcare out of their own pockets, or travel back to the USA for healthcare.
ReplyDeleteIt's Obamacare that is robbing medicaid not tax breaks...Get rid of socialized healthcare and we all save money.
ReplyDelete417-The tax cuts benefit the vast majority of Americans. And in order to pay lower taxes, you have to pay taxes in the first place. And no, Medicaid hasn't been cut.
ReplyDeleteMy wife and I are both retired & have no problem living on $6500 per month (after taxes).We have no desire to leave the country.
ReplyDelete4:17 they cut money from medicare to fund obamacare. A lot of medical care in other countries is just as good as the USA healthcare and only a quarter of the cost.
ReplyDeleteMedicare may reimburse for emergency care in foreign countries, but not routine care. Medicare does pay for care in U.S. protectorates, so there are some nice options there.
ReplyDeleteThis has been going on since the 90's (psst way before the Affordable Health Care ACT). As more do this (with gov'ts blind eye on the future) it will only hurt our country more and other nations will prosper with open arms to Americans and their $$$$$$$$$$$$$$
ReplyDelete