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Friday, December 12th, 2014   4:08 pm |  Category:   Retirement locations   |   5 Comments
Author:   Donna Davis posts: 1 Author's
Administratively, there can be problems that seem so easy to fix. You will face dealing with what will seem like ridiculous and redundant procedures, and there may be nothing you can do about it.
Best to learn and endure. You are not going to change things and will be frustrated trying.
In many countries you cannot just walk into a bank and open an account. You need referrals and documentation from other banks and institutions. Not a big deal in our world, but it can be in theirs. This can be a Catch 22 because you can’t always get a bank account without a residence, and you can’t get your utilities turned on unless you have a bank account.
Health insurance is something you need to look into. Medicare does not cover you when you are outside the United States, but Medigap might depending on your policy. You may be able to join a local healthcare plan, but some countries, like Malaysia, require you to carry your own policy. Because of the low cost of care, many expats choose to pay out of pocket when they need care and forego the regular cost of insurance.
There are numerous ways of calculating cost of living and plenty of conflicting information. There are various sites that allow you to compare cost of living in different locations.
Should You Move?
There’s a big wide world out there, at all prices, just waiting for you. There’s adventure and fun to be had, if that’s what interests you. You have to ponder a few questions and determine what you want your life to be like.
Are you adventurous?
Do you like cultural diversity?
Do you make friends easily and fit right in or prefer a quieter life?
Do you need quick access to the U.S.?
You need to consider if you have special health needs, require constant Internet access, and where your money will buy you the most.
It’s all out there. All you need to do is pack up and go!