Mr Lee Posted November 22, 2011 Posted November 22, 2011 Where people decide to go is up to each individual, just seems the trend is growing. Solid data on the number of U.S. retirees is hard to find, but the trend seems on the rise. The Social Security Administration paid benefits to 509,000 overseas retirees in 2008, the most recent available data. That's a sharp uptick from the 396,000 who received benefits in 2000. Link Link to comment Share on other sites More sharing options...
Art2ro Posted November 22, 2011 Posted November 22, 2011 Travis did in 2010! He's starting a new trend! Yes! Anyone now can afford to live in the U.S.! Hey! Just ask Travis! :th_hu: 1 Link to comment Share on other sites More sharing options...
Steve & Myrlita Posted November 22, 2011 Posted November 22, 2011 I'm just hoping and praying that this inept congress doesn't decide to shut off everyone's SS who is not residing in the US. Link to comment Share on other sites More sharing options...
bows00 Posted November 22, 2011 Posted November 22, 2011 Exactly my concern... be prepared for a reduction in SS for overseas retirees. Link to comment Share on other sites More sharing options...
Forum Support scott h Posted November 22, 2011 Forum Support Posted November 22, 2011 I would not be suprised. For example, when i retire from the Army I am eligible for the post 9-11 GI Bill, pays about 3400 a month. I can use it in the RP but its only about 1400 a month..........bets a poke in the eye i guess Link to comment Share on other sites More sharing options...
MikeB Posted November 22, 2011 Posted November 22, 2011 Does anyone have any basis ie, news articles, etc for this idea that SS will be terminated or limited in some way for overseas retirees? 1 Link to comment Share on other sites More sharing options...
Garpo Posted November 22, 2011 Posted November 22, 2011 I think it would be very difficult for them to pull it off. Social Security is based on the jobs and money you earned while in the US as a US citizen. Money was withheld in the form of social security taxes on your income. Be pretty hard for them to now say you can not have it back. Link to comment Share on other sites More sharing options...
Forum Support Old55 Posted November 23, 2011 Forum Support Posted November 23, 2011 Thanks Mike, I was thinking the same thing........................ a quick Google I was unable to find anything. Link to comment Share on other sites More sharing options...
Forum Support Old55 Posted November 23, 2011 Forum Support Posted November 23, 2011 AARP advises using five criteria when choosing a foreign city to retire to: the cost of living, housing costs, health care (both quality and accessibility), cultural and recreational options and if there’s already an expat community there. Philippines may score well in some category's but not so good in others depending on location. Link to comment Share on other sites More sharing options...
JJReyes Posted November 23, 2011 Posted November 23, 2011 As part of the debt-reduction, Democrats maybe forced to accept major changes to Social Security and Medicare in exchange for the Republicans agreeing to new tax revenues. For Social Security, the effect on those who are retired or soon to retire is how inflation will be measured. Maybe the adjustment for inflation would be every five years instead of every year. For Medicare, it might be the co-payment formula computation. Medicare A is currently 20% - 80% co-pay. They might change it to 25% - 75%. The only good news is there are proponents in the US Congress who are advocating that Medicare become universal. They reason that you should not deny coverage for Americans who have fully paid into the system just because they reside overseas. The Super Committee was a Super Failure. Let's see what happens next. Link to comment Share on other sites More sharing options...
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