15 Financial Tips before Becoming an Expat

6. Don’t Forget about Retirement Savings

Most people who are initially attracted to living and working as an expat do not necessarily do so with retirement savings as part of their budget planning. Unless one’s plans are to simply live abroad for a short timeframe for the “life experience,” keeping retirement planning as part of one’s financial plan will help ensure that no matter how long the overseas adventure lasts, one’s retirement will not be negatively impacted. Every location and work opportunity overseas will likely have different opportunities to consider when looking at this aspect of compensation. Expats should make sure all rules of retirement contributions and when then vest are fully understood before taking a job.