What countries can I live in and collect social security? This is a question that many individuals contemplating retirement or seeking a new life abroad often ask. The answer to this question can vary greatly depending on several factors, including the country of origin, the amount of social security contributions made, and the specific social security agreement between countries. In this article, we will explore some of the countries where you might be eligible to live and collect social security benefits.
One of the most popular destinations for expatriates seeking to collect social security is Spain. Spain has a long-standing social security agreement with many countries, including the United States, Canada, Australia, and New Zealand. To be eligible for social security benefits in Spain, you must have made contributions to the Spanish social security system for a certain period, typically between 6 to 12 months. Additionally, you must have lived in Spain for at least 10 years or have paid social security contributions in Spain for at least 20 years.
Another attractive option is Mexico, which also has social security agreements with several countries, including the United States. Similar to Spain, you must have made contributions to the Mexican social security system and have lived in Mexico for a certain period to be eligible for benefits. Mexico is particularly appealing for retirees due to its lower cost of living and pleasant climate.
Portugal offers a unique program called the Non-Habitual Resident (NHR) regime, which allows individuals from certain countries, including the United States, to live in Portugal and pay a reduced tax rate on their income for a period of 10 years. While this program does not directly relate to social security benefits, it can be an attractive option for those looking to retire abroad and enjoy a high quality of life.
France also has social security agreements with several countries, including the United States. To be eligible for social security benefits in France, you must have made contributions to the French social security system and have lived in France for a certain period. France is known for its rich culture, high standard of living, and healthcare system, making it an appealing destination for retirees.
It is important to note that eligibility for social security benefits in a foreign country can be complex and may require the assistance of a professional. Additionally, the specific requirements and benefits may vary depending on your individual circumstances. To ensure that you are eligible for social security benefits in a foreign country, it is advisable to consult with a qualified immigration attorney or a social security expert.
In conclusion, there are several countries where you can live and collect social security benefits, depending on your country of origin and the specific agreements in place. Spain, Mexico, Portugal, and France are just a few examples of destinations that offer attractive options for expatriates seeking to enjoy their retirement abroad. However, it is crucial to thoroughly research and understand the requirements and regulations before making any decisions.
