Beyond the challenges with our son, I don’t want to give up my US Citizenship and I want to be able to collect social security. I’ve sure as hell paid a lot into it.
Rick you seem to be a good father, putting your son’s needs above everything else…. Fwiw living abroad doesnt affect collecting SS whatsoever.. matter of fact, collecting SS is what allows most American retirees to live abroad at all- especially the ones who may not have invested well, or gone thru a divorce or two, or a business failure or two, and need that SS check .
My big concern is whether SS will be solvent in 12-15 yrs when im supposed to start collecting it.. i have been paying into it since im 14 years old working at a Rax Roast Beef location where i was too young to legally run the roast beef slicer (you had to be 15)- so they stuck me at the drive thru window .
I’ve always thought the US makes it too hard for people to live abroad. There are very draconian tax and banking laws that hurt anyone immigrating abroad. It’s kinda dumb IMO. Giving the elderly options to live abroad could reduce healthcare costs.
That totally depends on which country you are trying to emigrate to.. the US has tax treaties with many countries so that you wont be subject to double taxation.. im not sure how things work in Japan though.. i do wish JP Morgan Chase had a branch here in Bangkok lol.. actually i think they do but not for consumer stuff, only commercial.. i know that Bangkok Bank (at which i also have an account)- has a branch in Manhattan .