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Return to Your Home Country to Retire: Repatriation Retirement

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Green card holders also should be aware that they are required to live for 183 days in the U.S. every year to maintain their permanent residency. One way to avoid losing permanent legal status is to apply for a re-entry permit, says Rosanna Berardi, managing partner of Berardi Immigration Law in Buffalo, N.Y.
The article from Kiplinger discusses the concept of "repatriation retirement," where individuals return to their home country after years of working abroad to retire. It highlights several considerations for those contemplating this move. Key points include the financial aspects such as understanding tax implications, healthcare costs, and living expenses in the home country. The article also touches on emotional and cultural adjustments, like reconnecting with family, adapting to changes in the homeland, and dealing with reverse culture shock. It emphasizes the importance of planning, including evaluating one's financial readiness, understanding changes in the home country's economic and social landscape, and preparing for potential lifestyle adjustments. Additionally, it suggests looking into retirement benefits, property ownership, and the feasibility of maintaining a dual-country lifestyle if desired. The piece concludes by noting that while repatriation can be fulfilling, it requires careful consideration of both the practical and emotional elements involved in such a significant life change.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/retirement/happy-retirement/return-to-your-home-country-to-retire-repatriation-retirement ]