S7 M4 So You Want to be an Expat? Financial and Logistical Considerations for Retiring Abroad

Retiring outside of the United States is a dream for many, and may be a great way to reduce your cost of living; however, without proper planning and consideration of logistics and finances, this hidden chapter may be more difficult that you realize. Join Jess as she discusses some of the common reasons that retiring abroad may be unsuccessful, provides some tips on choosing a location to move to, and reveals some of the hidden financial considerations that are imperative to a successful retirement outside of the United States. Resources mentioned in this episode: Social Security Administration Payment Abroad Screening ToolSocial Security Administration “Your Payments While You Are Outside the United States” MoneyTalks 50+ is brought to you by ElderWatch: a 20+ year collaboration between AARP and the Colorado Attorney General's Office. Our goal is to educate and protect older Coloradans through fraud and financial literacy education. If you or someone you know has experienced fraud or a scam, or is looking for a local financial literacy resource, give us a call! Our phone number is 800-222-4444, select option 2. AARP ElderWatch does not provide financial, legal, or medical advice.  Our music was created by OfShane. For more information about ElderWatch, check us out online: https://www.aarp.org/money/scams-fraud/elderwatch/