Reply to NoVa teacher with offers to teach abroad in Asia, Middle East, and Europe. WWYD?

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[quote=Anonymous][quote=Anonymous][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]

Messed up the format. Our kids would study at the same institution for free and still have more perks than ‘local’ students due to DH employment. Plus, imagine the immediate impact in terms of marketplace competition when they are adults and they have Chinese mandarin or Arabic as fluent speakers. You just can’t compete against that even if Larla was the class president and captain of the cheerleading team. [/quote]

This is a little weird.  Your options at the same institution are Mandarin or Arabic? What perks would they have that local students do not?  That sounds even more odd.

Unless your kids are very young and you plan to live there for 10+ yrs, it's pretty unlikely they will learn and keep those languages.

--Japanese speaker from age 2-12, can't remember more than 10 words at 45.[/quote]

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