Why Some Americans Prefer To Retire Outside the United States
Their population living abroad is growing in number
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I met Ted some two years ago. He left the United States for good and settled here in the Philippines. It looked like he was having a good time here — the way I see it.
He owns a condominium unit (yes, foreigners are allowed to purchase one as long as the percentage meets the threshold mandated by the government). He has a car and had some business here.
Ted also got married to a local here. Everything around him no longer seems foreign to him.
Backstory
My parents worked in California for twelve years — and I was naturally born there. When I was four years old, we went back home here.
And after thirteen years, my parents brought me on a vacation spree — traveling from east to west. I can say that it was one of the best days of my life.
Flying to the United States is something I want to do again.
In my previous article, I shared thoughts about going back to establish residency. The move is more of my kids inheriting the citizenship before they reach eighteen.
While I am (still) pondering the idea of going there, there (is) a growing number of Americans wanting to leave the US.
No brainer
It is obvious — that American leave their country for the cost of living. It is hard to maintain a lifestyle in the US — as they say.
You all know that as we grow old, our strength and ability to earn income (in general) decline as we age. Being aware of this truth should encourage us to think ahead.
Most people are tired of cleaning the house, doing laundry, washing dishes, and working their entire lives. You want to make the most of their earthly existence with the amount of money that you have.
What to consider
Usually, retirees consider a metric table to consider vital elements before moving abroad.
First and foremost, foreigners need (to) research VISA and regulatory requirements for staying in a country. Each country varies, so you should be…
