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A lot of the information that I write on has to do with health and wellness, as well as medical alert systems. However, as much as your personal and physical safety matters, a lot of people don't think about financial health in their retirement. Living abroad brings up a lot of different issues for people when it comes to money and you really have to know your stuff to keep things on track. For starters, you should know that you can fully collect your U.S. social security benefits for as long as you are eligible.
Of course, if you work for someone overseas, you might face a reduction in your SSA funds due to the Windfall Elimination Provision, which ensures that you're not moving overseas to work full-time and collect a U.S. social security check when you aren't really retired. There are a lot of things to think about when it comes to filing for SSA while living abroad, but education will be your key to success. You really need to learn about how to file, which information to provide, and which regulations affect you.
Another issue with financial health is money and travel expenses, as well as medical expenses. You need to make sure that no matter what insurance you have, it is accepted in your new home country and city. You have to have money in savings for travel and living costs because it can get very expensive to enjoy retirement abroad. After all, you'll have plenty of places to travel and visit and money goes quickly when you're on a permanent vacation. Just as you would make sure that your body is in good health, you have to keep your finances in good health, also.
If you don't have good financial health, that can also affect your physical health because you will be more stressed. Check out the blog that I wrote on healthy living for senior safety and wellness, which talks about how active adults can have fuller lives and get more from their retirement. You'll find great ways to enjoy your time and de-stress. Make sure that your body, mind, and bank account are healthy to enjoy the most from your retirement abroad.
Mary Albert is a health blogger and advocate for Lifestyle Health Guide. She currently writes blogs on health topics and medical alarms.
written by Medical Alarm, January 12, 2012