Retiring Abroad? 3 Important Financial Implications to Consider First
Getting away from it all, really away, is a fond wish for many. And retiring abroad can indeed be a reality with some savings and forethought. But don't assume it'll necessarily be cheap and easy -- especially the latter.
Spending your retirement years in a Central American paradise, the serenity of a distant island in the Caribbean, or some mountain village in southern Europe -- you name it -- may sound great and well may be just that. But understanding all the implications before you make the move is essential for a seamless transition and to avoid any unexpected pitfalls, and that includes financial matters.
That's because this involves more than just a change of scenery. A whole new landscape of regulations, taxation, and currency valuation can cause you some headaches and losses you never expected when you made your great escape.
Source Fool.com
