Many seniors enjoy traveling near or in retirement — so what’s the rule about claiming Social Security abroad?
The Motley Fool outlines the details here. In most cases, you can claim your benefits outside of the United States, save for a few countries where this is not allowed.
However, it’s important to note that Medicare won’t cover health needs in other countries. You may want to have your own insurance coverage. It’s also important to research the tax implications of your new location, and discuss these with your accountant.
Traveling or even living abroad is a dream that many retirees pursue. You can still enjoy your retirement benefits, but it pays to research all the specifics before you head out.
No matter where you are, we’ll be here for you at NORA with more news. Follow us on Facebook and Twitter so you never miss a post. And if you want to ensure higher Social Security benefits for all seniors, regardless of where they choose to retire, sign our petition.