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Schools and Education General Discussion
Reply to "NoVa teacher with offers to teach abroad in Asia, Middle East, and Europe. WWYD?"
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[quote=Anonymous][quote=Anonymous]Are you young? Do you have your own kids? [b]Mid 30s[/b] Something not factored in is retirement impact. Are you getting/losing credited service for a pension or 401K contributions? [/b]I would assume we do. Frankly speaking, with inflation and big bank going unchecked I think it’s delusional to believe the current 401K is going to mean much in 20-30 years[b] What are the U.S. tax implications? [b]None, paying taxes at local country eliminates Uncle Sam’s authority[/b] Are you renting? Will you store your possessions for 3 years? [b]In America, yes. We will sell everything we ‘own’[/b] Will both spouses be able to work? That's often an issue in expat situations. [b]Yes, already lining up different options that would be remote and paid in USD so increasing the savings CONSIDERABLY[/b] Make sure the hosting institution is financially stable.[/quote] [b]they’ve been in operation for decades and has presence in dozens of countries. It’s baffling tbh[/b][/quote]
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