Income Over Wealth

The costs that never make the cost-of-living math, and a few that can break the whole plan.

Show Notes

Retiring overseas gets sold as the move that makes a smaller nest egg work. This episode walks through the costs that don't show up on the cost-of-living blogs: healthcare, US taxes that follow you for life, currency swings, account access, visas and property, and the price of coming home, with the real numbers on each.

  • Why the Foreign Earned Income Exclusion shelters almost none of a retiree's income, and what you still owe the IRS every year abroad
  • How dropping Medicare to save money triggers a permanent penalty that can double your premium for life
  • The exchange-rate and account-access traps that can erase the cost-of-living savings you moved for

Take the free Retirement Income Roadmap (7 questions, about 30 seconds): incomeoverwealth.com/map

Watch this episode on YouTube: https://www.youtube.com/watch?v=ZWd_5NDXuVw

This episode is educational and focused on strategy and math. Always consult a qualified tax or financial professional before making personal financial decisions.

What is Income Over Wealth?

Practical retirement income strategies from Dan Wilson, an Air Force veteran with over 100 real estate deals. The audio edition of the Retire Early with Dan Wilson YouTube channel: Social Security, taxes, withdrawal strategy, and turning what you've saved into steady income you can retire on. New episodes every Tuesday and Saturday.