b'
Welcome back to another edition of Retirement Rewind -- episodes so good we played them twice!\\xa0
Time for travel is by far the number one thing that Retirement Starts Today Radio listeners look forward to in retirement. That\\u2019s why I interviewed David Jacoby on to this episode and why it was chosen as a Retirement Rewind.\\xa0
David Jacoby is a financial planner and travel expert who specializes in helping travelers and expats. David, himself has lived in 4 different countries and even built his business while living abroad. On this episode, he\\u2019ll help us understand the unique aspects of retiring abroad. If travel abroad piques your interest then you won\'t want to miss this interview.
Many people are interested in traveling when they retire, but David Jacoby has found that there are 3 types of people that come to him for his services.\\xa0
Digital nomads or globetrotters are people who work remotely or are location independent entrepreneurs.\\xa0
Next are people who want to retire abroad for financial or social reasons. They are looking for the right country to move to.\\xa0
The last group of people is those who are not quite ready to retire abroad and still live in the U.S. They may be traveling a bit right now to scope out potential locations.\\xa0
Would you consider living abroad when you retire?
Traveling abroad and living abroad aren\\u2019t quite the same. Rather than living full time in another country, some people would rather keep their house in the U.S. and spend extended vacations in other parts of the world.
Others just want to sell it all and start fresh in exotic locales. However, before this romantic idea sets in, it\\u2019s important to do your homework first. David encourages his clients to visit a place 2-3 times in different parts of the year before making any final plans. Renting a place for 3 months or so will give you a better feel for everyday life in your desired location.\\xa0
Some people may not know exactly where they want to live, they just have a general idea. They may prefer a tropical climate, be near the ocean, or perhaps they have always wanted to live in Europe.\\xa0
David can help his clients consider practicalities when choosing a location. Oftentimes visas and taxes play a huge part in choosing where to settle. For instance, Portugal, Spain, and Italy have easily obtainable visas for Americans while other countries in Europe are more challenging for American citizens to move to.
Have you considered travel health insurance? No matter where in the world you choose to settle you\\u2019ll need to think about health care especially since Medicare does not work outside the U.S. Depending on where you live you\\u2019ll either rely on the local system of care or pay for private health insurance.\\xa0
Some people even chose to forgo health insurance. This sounds crazy but when you consider that the costs of medicine in many parts of the world are 1/10 of what you pay in the U.S. it isn\\u2019t that scary.\\xa0
You need to understand why you should still enroll in Medicare even if you plan to live abroad for several years, so make sure to listen to this interview with international travel expert, David Jacoby.
Subscribe to Retirement Starts Today on
Apple Podcasts, Stitcher, TuneIn, Podbean,Player FM, iHeart, or\\xa0Spotify
'