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Reply to "Do many feds choose to retire abroad?"
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[quote=Anonymous][quote=Anonymous]My DH was DOGE’d into “voluntary” early retirement here and it looks like we need to move because we can’t live here on one salary and his very reduced pension. It had devastated our financial future. But with the economy approaching a catastrophic crash and Trump more unhinged than ever, it looks like the EU is a good option for us. I hold EU citizenship based on an immigrant parent and we are seriously considering me retiring early so our child will move with us and do high school in that EU country. We would qualify for universal health care there after residing there for one year, but we would have to purchase private insurance to bridge that gap. I priced it out and the most CADILLAC family policy we would get, which includes NO copays for doctor visits, a 50 euro one time fee for a hospital stay (no matter what the length), no lab fees, and 20 massages or acupuncture sessions, would cost….drumroll….380 euros a month. For all three of us!!!! So what we are thinking is he would switch to the cheapest insurance for him (like bare bones Kaiser or whatever the lowest is) just to keep up access to health care in retirement in case we ever move back. The only thing that really scares me is that I wouldn’t put it past MAGA leadership to cut off federal retirees abroad from both pension and Social Security, just out of spite. Plus the falling dollar really worries us. But everything worries these days and a respite from American insanity looks really good right now.[/quote] You should move NOW. The US is headed in a downward spiral and it’s rapidly going to get bad here. If I had dual citizenship and a VERA I’d have left yesterday. Praying for a VERA this year so I’ll get the chance myself.[/quote]
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