Collecting Social Security While Living Abroad

Рет қаралды 7,201

Күн бұрын

Пікірлер: 44

@Pamala-p1t 4 ай бұрын

I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.

@Anitasolomon-u4p 4 ай бұрын

People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.

@Daneilchirs2 4 ай бұрын

Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

@Mariakevin-d9v 4 ай бұрын

This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?

@Daneilchirs2 4 ай бұрын

NICOLE ANASTASIA PLUMLEE is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

@Mariakevin-d9v 4 ай бұрын

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

@Freddy4fingers2 10 ай бұрын

If you live overseas and collect SSDI, you are required to come back every 6 months, stay for a month, provide proof of stay to SSA.. wash, rinse, repeat every 6 months. I am 62, US expat living in the Philippines. I am going back to US in April and switching over to regular SS. My mailing address and bank account are in the US, so I have no idea how they would know I am overseas. NONE of these expat SSDI videos mention the 6 month rule.

@knowledgeberakah1728 9 ай бұрын

I called them n they said I gotta call so they stop SSDI benefits but I think she was lying.i collect SSDI do to a stroke but I got 2 accounts n can transfer my cash anyway

@mrvgstyle2442 6 ай бұрын

They know you are overseas by way of your passport and customs and immigration! I'm trying to explain all of this to a guy in the Philippines but he doesn't believe me. He's been in the Philippines for 8 years, and is age 75 or older. Been there since 2016! He hasn't returned to the states in that time frame, and has not paid taxes to the IRS! That guy is never seeing the U.S. again unless he wants to go to jail for fraud and tax evasion!

@knowledgeberakah1728 6 ай бұрын

@@mrvgstyle2442if he gets direct deposit in a U.S bank he can pay from his account

@RB9522 6 ай бұрын

If you are a person living abroad and under full retirement age (67 for most people these days), you will be restricted from working more than 40 hours per month if you receive SSI. If you exceed 40 hours in any month, your SS payments for that month will be $0. (Thank you, US Congress!) In addition, you must go through the US Embassy in the country where you live to communicate with the SS Administration. (You cannot get an online account with a foreign address. OK, you can get away with it if you already have one.)

@thesilentgeneration Ай бұрын

Yes, absolutely. I have for over twenty years.

@christineodonnell2711 8 ай бұрын

Very helpful. Thanks so much.

@MAR-SHALL Жыл бұрын

I'm a US citizen receiving Social Security Disability and am permanently moving to Kenya. Will I continue to receive my payments? I can't find a definitive answer about this. Most sources say that my payments will stop the 7th month after I leave the country.

@HappyTrekkers 11 ай бұрын

Yes, my understanding is that you are still eligible to receive your social security disability. Follow the link in the description to the website and follow the questions and answer section. It will tell you if you are eligible. But again I’m nearly 100% certain. As of my last research Kenya was not on any sort of restriction list.

@anonymousgirl799 7 ай бұрын

@MAR-SHALL You have to come back to the USA after 6 months abroad, and stay for 30 days in America, before going back abroad, or Social Security will cut your money off. You have to file a special form, too. Country you move to must also have a US Embassy or US Consulate. I spoke with a representative today at Social Security.

@MAR-SHALL 7 ай бұрын

@@anonymousgirl799 Thank you.

@puravida5683 11 ай бұрын

Any and all questions, can be directly answered on the social security website!!!!!!!!!!!! It just requires some reading!

@alexfoxx3376 Ай бұрын

I want to retire in Russia. I gleaned from the Social Security website that I cannot collect benefits if I become a resident of Russia, and definitely not if I become a Russian citizen. Is this all true? It’s hard to figure all this out. Thanks!

@HappyTrekkers 21 күн бұрын

My understanding is you cannot collect it while there. What I do not know is if you could collect it in a US account and have the money sent to you. I get the impression that we do not have an agent that allows money sent between the two countries. You would definitely want to contact the social security administration and double or triple check to make sure you are 100% sure of what happens if you were to move. I’d be curious to learn what you find out.

@johnsmith-dm2tq 4 ай бұрын

So close,I was so close. There are a lot of rules I am Reading talking about spending 91 consecutive days in another country to officially live there and u.s. law saying I can't be abroad for an entire year...you got a Video on how I can live in Italy for the rest of my life and still collect my u.s.a. social security?

@jlsharks5981 6 ай бұрын

Thanks very useful. But I have been told that SS will not pay outside the US and I need to have an address in the US. I talk to my bank Chase and they said I cannot have a bank account in the US if I leave??

@HappyTrekkers 6 ай бұрын

That information about social security is incorrect. I hear that quite often but it is false. If we are talking about standard social security retirement or disability. Here is a video I did on that subject. As for your bank that would their rule only. It’s not a federal law. You could open a P.O. Box in the US or forward your mail to a relative to get around that. Also many people open an account with Charles Schwab because they do not charge fees for using an international ATM. Here is that video on collecting social security overseas kzbin.info/www/bejne/i165k5yjZ86SrZosi=cAwQoUwK-j-5YIi8

@doristurner9463 7 ай бұрын

Already living in another country. I'll be 62 this year and want to apply for my social security retirement. How do I apply while being here in The Gambia? Please help.

@markbigelow2608 Жыл бұрын

I can't move to NK? Darn!

@HappyTrekkers Жыл бұрын

Lol. Right. My dreams of hanging out with Kim Jong Un and Dennis Rodman were crushed

@angNguyen-xn7rn Жыл бұрын

Hi sir I have social security can’t I live to mixico thanks

@HappyTrekkers Жыл бұрын

@@angNguyen-xn7rn hello. You may be able to live in Mexico. Mexico has two requirements for temporary residency. One is a monthly income requirement and the other is a total assets requirement. You have to meet only one of those. However they are making it more expensive each year. Right now the requirements are: Temporary Residency Monthly income of at least c.US$3,275 over the last 6 months (some consulates request 12 months); OR Savings/investments account balance(s) of at least c.US$54,600 over the last 12 months You can afford to live on social security but mexico is making it difficult to qualify.

@craigharris8389 8 ай бұрын

When living abroad, will SSA accept your address from abroad or do I still need an US address?

@HappyTrekkers 8 ай бұрын

You can have a foreign address except those few countries I mention in the video.

@jlsharks5981 6 ай бұрын

@@HappyTrekkers My bank Chase said no I need an address in the US

@DogbonesEddie 6 ай бұрын

so you need to be living in the USA and get approved first, THEN move abroad

@RB9522 6 ай бұрын

@@DogbonesEddie This is correct. However, there is a gotcha. You are required to tell the SSA your address. If you don't or give them false information, they can make you pay them back. Just be careful. (If you do it this way be sure to keep filing your US Taxes because SSA and IRS communicate)

@asterixky 4 ай бұрын

Also the foreign bank account can only have your name. No shared account.

@susanperry4177 Жыл бұрын

what about Medicare outside the US?

@HappyTrekkers Жыл бұрын

For the most part it does not cover you outside of the US. Most people find that the cost of healthcare in many countries is far less expensive than in the US and you can purchase foreign health insurance. But its a trade off www.medicare.gov/Pubs/pdf/11037-Medicare-Coverage-Outside-United-States.pdf

@susanperry4177 Жыл бұрын

@@HappyTrekkers Thanks!

@asterixky 4 ай бұрын

The US health care system is light years behind all civilized countries.

@nezzieshabazz9670 9 ай бұрын

If I move to Kenya and still get my Social Security check.

@HappyTrekkers 9 ай бұрын

Yes you should. It’s not listed as one of countries that the US restricts delivery. Always double check the link I provided. It could change in the future.

@coloyikes 4 ай бұрын

Just say yes or no

@HappyTrekkers 4 ай бұрын

I would encourage you to first watch the video for a more comprehensive understanding. Providing a simple "yes" or "no" would be inadequate and potentially misleading. The matter is complex, involving a range of factors such as individual circumstances and the specific country in question. It would be highly irresponsible to offer a blanket statement without considering these nuances.