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Should You Live (and Work) Abroad?

OntheGoAre you one of those Boomers who, for whatever the reason, finds it to be an exciting idea to live and work outside the boundaries of the U.S.?

You are not alone. Living abroad has caught on with Boomers. The Social Security Administration reports that in excess of half a million people receive their Social Security benefits in foreign countries; obviously, this doesn't account for those Boomers who may have relocated to another country prior to receiving their benefits. These days, because Boomers are working in their 60s, 70s and even later, living abroad also means working abroad.

If this is something that interests you, it pays to be prepared. Kerry Hannon's article for AARP will help. In it, she offers seven great tips, among them, "go for a lengthy visit," "seek out virtual employment," and "learn the local etiquette for business relationships." Kerry offers examples and details in her excellent article as well.

Another good source of information is the U.S. Department of State's webpage concerning working overseas: http://www.state.gov/m/fsi/tc/79765.htm This page offers links to a number of useful resources, including "The Big Guide to Living and Working Overseas" and the "International Career Employment Weekly."

For the adventurous Boomer, living and working abroad could certainly be an option for a uniquely different kind of retirement. But as Kerry Hannon points out in her article, it's essential to "do your research." She mentions two good sources, "World's Best Places to Retire" and "2016 Annual Retire Overseas Index," both of which sound like must-haves for the Boomer who's bound for foreign lands. This is not a decision to be made lightly.


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