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How much money would you need to retire - US to Italy?

How much money would you need to retire - US to Italy?

Old Dec 29th, 2013, 07:04 PM
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Here's the link.

http://www.fodors.com/community/euro...g-to-italy.cfm
kybourbon is offline  
Old Dec 30th, 2013, 05:41 AM
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Thanks
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Old Dec 30th, 2013, 09:04 AM
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Tommy, there was another thread someone resurrected about buying a home in Italy (not the above one), that had some other discussion. Specifically, if you are a military retiree, you are in good shape compared to many, as your health insurance will cover you anywhere in the world (TRICARE). And of course, you can collect Social Security anywhere you live, they will mail you checks or a card or something, but that's not a problem. AS for what your TRICARE premiums will be, if you are a retiree, you should know. I don't think there is any difference in premium rates fo4r those residing abroad vs. US, but you will have to check with them on that (and, of course, the network options are not available abroad, so you can't be in Prime or Extra, you have to have the standard insurance and thus will have copays). I believe you also have to pay for Medicare Part B insurance from age 65 in order to get TRICARE coverage (even though Medicare doesn't cover you abroad), so that's another premium. But you will have access to health insurance with relatively decent premiums, so are better off than many folks.

If you are a military retiree under age 65, you just have to pay the TRICARE premium for standard coverage, I think. You'll have to check with them about all that, but they will pay medical bills anywhere in the world.
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