MyFoxHouston – Wouldn’t it be nice to retire overseas? There are advantages and disadvantages to the concept.

What are some things people should consider before retiring abroad? (crime rates, family & friends, your health, tax rates) Your health would be an important consideration too, right? No one likes paying taxes. Tax rates might be different in another country, right? The us prohibits direct deposits into some countries. That could be a major problem. What about the political climate in other countries? In some countries, americans aren’t even welcome… How can you find out about countries’ attitudes toward the u-s? Some people expect to live in a foreign country for a lot less. But there are some problems with that…. There’s a web site that people considering living abroad might find helpful, right?

Certified Public Accountant-Certified Financial Planner Ed Gardner explains on FOX 26 Morning News what factors that people should consider before deciding to retire in a foreign country.

Crime rates, access to family and friends, health, tax rates and political climate are some variables that Gardner says people considering retirement abroad should consider.

Potential retirees should also be aware that the U.S. prohibits direct deposits into some countries and fees may be charged in order to exchange U.S. dollars for the currency in certain countries.

The Expat Forum for Expats website provides the approximate costs of living in 19 foreign countries and can help people moving to these counties get acclimated.

Expat Forum for Expats — expatforum.com/