Marketwatch.com- November 1, 2025 MarketWatch, part of Dow Jones & Co., recently featured David A. Schneider, CFP®, of Schneider Wealth Strategies, in its article “Retiring Abroad Is Touted as a Money Saver, but It Isn’t Always Cheaper ‘Over There.’”
The article explores why relocating overseas for retirement may not be the financial win many expect, addressing issues such as taxes, healthcare, account access, and the long-term sustainability of popular destinations.
Mr. Schneider cautioned would-be expatriates about potential political and practical challenges:
“Don’t assume today’s dream destination will welcome Americans well into the future. There’s a risk of backlash if lots of Americans stream into that country.”
He also warned that access to U.S. financial institutions can become severely limited once an American establishes permanent residency abroad:
“If you become a permanent resident abroad, you’ll need to find new financial institutions to work with you because the U.S. financial system will largely be cut off from you, even if the country is a strong U.S. ally.”
The piece emphasizes that while the idea of retiring overseas can be appealing, success depends on careful preparation, including understanding foreign tax laws, healthcare costs, and how to maintain access to financial accounts.
This material has been provided for general informational purposes only and does not constitute tax, legal, or specific investment advice. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a qualified professional regarding your situation.
The main risks of international investing are currency fluctuations, differences in accounting methods; foreign taxation; economic, political, or financial instability; lack of timely or reliable information; and unfavorable political or legal developments.
Diversification does not assure a profit or protect against loss in declining markets, and diversification cannot guarantee that any objective or goal will be achieved.
