FAQs
Have you heard about the Social Security $16,728 yearly bonus? There's really no “bonus” that retirees can collect. The Social Security Administration (SSA) uses a specific formula based on your lifetime earnings to determine your benefit amount.
What countries can I collect US Social Security from? ›
Country List 3
Canada | Ireland | Slovenia |
Chile | Italy | Spain |
Czech Republic | Japan | Sweden |
Denmark | Korea (South) | Switzerland |
Finland | Luxembourg | United Kingdom |
6 more rows
How do I get the $16728 Social Security bonus? ›
Have you heard about the Social Security $16,728 yearly bonus? There's really no “bonus” that retirees can collect. The Social Security Administration (SSA) uses a specific formula based on your lifetime earnings to determine your benefit amount.
Which countries do not tax US Social Security income? ›
You're ready to embrace the expat life with confidence.
- Panama. Panama tops most lists of the best countries to retire in, and there are good reasons for that. ...
- Costa Rica. ...
- Portugal. ...
- Ecuador. ...
- Greece. ...
- Belize. ...
- Nicaragua. ...
- The Philippines.
Which countries have Social Security agreements with us? ›
Monthly benefits
- Australia. Austria. Belgium. Brazil. Canada. Chile.
- Czech Republic. Denmark. Finland. France. Germany. Greece.
- Hungary. Iceland. Ireland. Italy. Japan. Luxembourg.
- Netherlands. Norway. Poland. Portugal. Slovak Republic. Slovenia.
- South Korea. Spain. Sweden. Switzerland. United Kingdom. Uruguay.
Will I lose my SSI if I move to another country? ›
If you leave the U.S., we will stop your benefits the month after the sixth calendar month in a row that you are outside the country. You can make visits to the United States for specific periods of time, depending on how long you've been outside, to continue receiving your benefits.
How long can a retired U.S. citizen stay out of the country? ›
Key Takeaways. U.S. retirees can receive Social Security benefits while living abroad, with some exceptions. There is no time limit on how long a person can live outside the country and receive benefits. Foreign citizens with a U.S. work history may also qualify for Social Security benefits under certain agreements.
What is the cheapest and safest country to retire in? ›
Many countries offer excellent health care, infrastructure and amenities at a fraction of the cost compared to the U.S. The cheapest places to retire abroad include Panama, the Philippines, Portugal, Malaysia, Mexico, Thailand and Vietnam.
Can a U.S. citizen live abroad and still collect Social Security? ›
If you earned Social Security benefits, you can visit or live in most foreign countries and still receive payments. Look up the country on the SSA Payments Abroad Screening Tool to be sure you can receive your payments.
What is the best country for an American to retire in? ›
Plus, it is helpful to note that the top 10 most popular countries among U.S. expats in order of most to least popular are: Mexico, Canada, the U.K., Germany, Australia, Israel, South Korea, France, Japan, and Spain. 2 Many of these countries offer below-average costs of living.
That's the conclusion of the 2023 Mercer CFA Institute Global Pension Index, which ranks the Netherlands' retirement system as the world's best. The U.S. system comes in 22nd among the 47 countries rated.
Does dual citizenship affect Social Security benefits? ›
The United States generally considers a person with dual U.S. and foreign citizenship a U.S. citizen for Social Security purposes. This does not apply if you are a U.S. citizen and a citizen of a country the United States has an international social security agreement with.
Can my non-citizen wife receive Social Security benefits? ›
In most cases, non-US spouses can claim Social Security benefits. Your foreign spouse will typically qualify for survivor benefits and may also qualify for spousal or dependent benefits.
Can you live outside of the US and collect Social Security? ›
If you are a U.S. citizen, you may receive your Social Security payments outside the U.S. as long as you are eligible for them. However, there are certain countries to which we are not allowed to send payments.
How long can you live outside the US before losing Social Security? ›
There's No Time Limit For Receiving Social Security Benefits Abroad. Luckily, there is no time limit on how long you can live outside the U.S. and still receive monthly Social Security payments. As long as proof of life documents are signed and returned annually, you'll still get paid.
Can you collect Social Security from two different countries? ›
You can live outside the USA and collect Social Security insurance benefits either as a retiree or a disabled person. However you may not collect welfare from the USA outside the country.
What is the 5 year rule for Social Security? ›
The Social Security five-year rule is the time period in which you can file for an expedited reinstatement after your Social Security disability benefits have been terminated completely due to work.