Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: C. Edmund Wright
have nothing but a 2 thousand dollar or so SS to live on...that’s poverty in the US...that’s upper middle class in Central America.

What are the tax implications, if any, of cashing your SS checks and living in another country?

48 posted on 08/03/2015 3:23:19 PM PDT by Lizavetta
[ Post Reply | Private Reply | To 23 | View Replies ]


To: Lizavetta

Here are some answers about social security ( there are six responses to consider.) Good question.

https://bestplacesintheworldtoretire.com/questions-and-answers/2671-can-i-still-receive-my-u-s-social-security-payments-in-belize,-and-if-so,-how

https://bestplacesintheworldtoretire.com/questions-and-answers/1084-can-i-receive-my-social-security-checks-or-benefits-abroad-as-an-expat-outside-the-us-and-if-so-how


50 posted on 08/03/2015 3:27:04 PM PDT by lulu16 (May the Good Lord take a liking to you!)
[ Post Reply | Private Reply | To 48 | View Replies ]

To: Lizavetta
What are the tax implications, if any, of cashing your SS checks and living in another country?

Depends on the country, but generally you'll pay US tax only on SS checks or anything else you earn in the US - dividends, pensions, etc. Many countries have programs for retirees, pensionados as they call them, where you get great added incentives because they want those folks to move there. And if you earn money over seas, it's usually not subject to IRS taxation - especially if you run a bar or bed and breakfast or snorkeling tour or whatever....all local revenues...

51 posted on 08/03/2015 3:28:44 PM PDT by C. Edmund Wright (WTF? How Karl Rove and the Establishment Lost...Again)
[ Post Reply | Private Reply | To 48 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson