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Emigration Options
America's turbulent past few years has seen more residents giving up their citizenship and hightailing it for other countries. More than 5,800 Americans gave up their citizenship in the first six months of 2020, a steep jump from the 2,072 who renounced their citizenship in all of the previous year, says Bambridge Accountants, a company specializing in preparing taxes for expats. The figure was only 1,534 a decade ago, when a Foreign Account Tax Compliance Act went into effect. But relocating with a resident visa to another country is not as easy for some Americans as it is for others. Those over the age of 50 might find themselves shut out of residency in some of the world's most popular countries, such as Australia (unless of course you can meet strict criteria). Here are some countries still happy to become new homes to relocating people over 50.
Related:15 Countries Where You Can Live Comfortably on Social Security
