The rate of Americans retiring outside of the United States has doubled over the past 10 years. Low cost of living, warm weather year round, and the experience of a new culture are enticing prospects.
But, there are a few things to consider before packing your passport. Expats are still taxed by the IRS on income, regardless of where they live, Medicare coverage does not extend outside of the US, and some countries do not allow non-citizens to purchase real estate. Read more »