Things to Do Before Moving Abroad Ep 211

Published: Jan. 27, 2020, 4 p.m.

b'Last week\\u2019s episode, we talk about our 2 co-hosts, why they moved abroad, and why they help others do the same. In today\\u2019s episode, we will talk about the things you need to know before moving abroad.\\nI had something similar when Les and I moved from San Diego, all the way to South Carolina, and I had a checklist that I\\u2019ve worked off of. Let me tell you, now that I\\u2019m here in South Carolina, there were some things I didn\\u2019t put on my checklist.\\nLearning the Language\\nCynthia Staton said that the first thing that they need to think about is the language issue. If they are interested in learning anything from another language, then they need to look at places that a lot of English speakers. Being functional is great, and that doesn\\u2019t take a lot but signing up for classes not necessarily before you move along, but once you get there because it gives you the opportunity to make friends. Once you\\u2019ve settled, find a language class that\\u2019s conversational.\\nYour Financial Situation When Moving Abroad\\nEdd Staton said that if you\\u2019re still comfortable writing checks and deposits to banks, you need to get over that. One misconception is you\\u2019ll have trouble getting your Social Security if you live out of the country, that\\u2019s not the case. What you can do is maintain a US banking relationship and then just pull money out of the ATMs. They also have a local bank for easy payment of bills.\\nOne of the reasons Edd and Cynthia Staton maintain a bank account in the States is because of the credit cards, especially for airline tickets. They used credit cards because it\\u2019s the smartest thing to book tickets.\\nVisa\\nAnother misconception is that where you\\u2019re moving abroad, you have to give up your citizenship in the States. You can choose to, some people do, but that\\u2019s not necessary. You\\u2019re just a tourist to start with. You got to go to a formal process of applying for permanent residency. Each country has its own rules, once you decide your country then you start looking into what the requirements are for a residency to live there, not necessarily become a citizen.\\nPossibility of Moving Abroad\\nMoving abroad is not a do-it-yourself project. You need to spend a small amount of money to hire an immigration attorney in the country that you\\u2019re going to. The paperwork varies from place to place and person to person. Let someone who knows the ropes do this for you.\\nIn Edd and Cynthia Staton\\u2019s first move, their tourist visa lasted for 90 days. That is why you need to show up with your paperwork pretty much in hand. It\\u2019s painful and expensive to deal with FedEx if you don\\u2019t have your paperwork correctly.\\nHealthcare\\nMedicare doesn\\u2019t travel beyond the US borders. That is why you got to think about that. Your choices are either you get a private policy, the national health program of that country once you are a permanent resident, or because it\\u2019s cheap, you can simply choose to pay out-of-pocket for care within the country.\\nWhen moving to a new country, you need to get familiar not just where you are but within where you are. Different neighborhoods have a different vibe and feel, you can\\u2019t know that over the internet. You need to just be there for a while.\\nAbout Our Co-Host\\nEdd and Cynthia Staton are creators of Retirement Reimagined!, a revolutionary Master Course for Baby Boomers facing an uncertain future. Recognized as experts on expat living, they have appeared on network television and written hundreds of articles for international magazines and ot...'