Living in another country is a save-your-retirement move that few people consider. - NBCNewsBETTER
Get comfortable with online banking. First, put your financial accounts online and notify your bank you’d like all statements and correspondence sent to your email address.
You might want to keep a bank account open in the U.S. for credit card payments and to receive Social Security checks. You can claim your Social Security benefits no matter where in the world you live, saysMany overseas banks will accept direct deposit of Social Security checks. The SSA website has a list of countries that haveThe Statons recommend having a local checking or savings account. But be careful.
Don’t forget about foreign transaction fees. Some larger U.S. banks can charge 3% for debit card purchases or ATM withdrawals abroad plus a flat $5 fee per transaction. Those fees can add up.
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