Retiring Abroad: Three Things to Know Before You Go Sharon Epperson and Katie Young - CNBC
go to original July 28, 2016

Before packing your bags and setting off for an exotic location far, far, away, you'll have to make some important decisions and plan very carefully.

"You have to be brutally honest with yourself," said Dan Prescher, senior editor for retirement lifestyle magazine International Living. "You may love taking a vacation for a week or two, but living there full time is a completely different deal."

Try before you buy

Prescher suggests spending anywhere from three to six months on the ground where you're thinking of retiring, giving you enough time to get the lay of the land and experience day-to-day life in a foreign country.

Beware the tax man

Wherever you decide to go, the IRS will go with you.

Healthy choices

Medicare doesn't cover health services in foreign countries; therefore, make sure you spend time researching health-care options in your new home.

Read the rest at CNBC

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