just looked into retiring abroad and got worried about losing my Social Security. turns out it's not as complicated as i thought? you basically keep getting your checks in most countries, they just direct deposit to your account like normal. the payment comes on the 2nd, 3rd, or 4th Wednesday depending on your birthday.



but there are a couple countries where they won't send anything - Cuba and North Korea obviously, but also some of the former Soviet republics like Kazakhstan, Belarus, and a few others. if you move there you'd have to get special permission from the SSA and probably accept restricted payment terms. the good news is if you're a US citizen and move out later, you can get all the back pay you missed.

so basically if you're thinking about retiring abroad, just check with the SSA first about where you're going. sounds like most retirement destinations are totally fine though. anyone else looking at this or already done it?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin