Now that you've heard what it's like to renounce your US citizenship and how to do it, what about the other side of the story? What are some reasons you might want to keep your citizenship status?

Kristin explains why she's keeping her US citizenship forever, despite the many reasons people have for renouncing. 

She also reads and reflects on some of the top comments from her video interview with Erika Lind on why she renounced her US citizenship and moved to Canada. 

 

► Headed overseas? 🌍  Check out Kristin's favorite:

↳ Travel Medical Insurance

↳ Global Health Insurance

↳ Online Bank Account

 

EPISODE 116 TOPICS DISCUSSED:

• The top reasons why people choose to renounce their US citizenship: 
  1. Cost and complexity of paying US taxes abroad
  2. Difficulties of opening an offshore bank account
  3. Marrying a non-US citizen abroad
  4. Concerns about the political climate
  5. Disappointed in the direction of the US government
  6. Conflicting values and principles with US policy or culture
  7. Feeling disconnected from the US; no strong ties
• Why you might NOT want to renounce your US citizenship
• Why Kristin decided she's not renouncing:
  • Freedom
  • Choices
  • Family
  • Global citizenship
  • Travel restrictions
  • Future uncertainty
  • Losing your SSN
  • And more
• How to put a monetary value on time
• Why Kristin doesn't think that the US government will ever repeal citizenship based taxation
• The possibility of a global tax system in the future
• How many people renounce their citizenship each year

 

RESOURCES

Online Banks: 

• Wise
• N26
• Oxygen
• Revolut

 

Related Videos:

• How To Renounce Your US Citizenship
• Americans Abroad on Paying Taxes and Renouncing Citizenship (Greenback Tax Survey)
• 8 Reasons Why People LEAVE Costa Rica [Why I Left]
• Digital Nomad Visas Explained

 

Related Podcasts:

• How To Renounce Your US Citizenship Part 1: Moving to Canada
• How To Renounce Your US Citizenship Part 2
• How U.S. Expats Feel About Paying Taxes Abroad and Renouncing Citizenship
• The Shocking Truth About How US Expats Vote
• Do You Need A Digital Nomad Visa? 
• 100th Episode of Badass Digital Nomads Part 1: Kristin on Becoming a Digital Nomad
• 100th Episode of Badass Digital Nomads Part 2: Where and How to Start Going Location Independent

Other Resources:

• Greenback Tax Expat Survey
• IRS Website
• IRS Expatriation Tax  
• IRS Renouncing US citizenship 
• Retaining social security benefits after renouncing 
• Republicans Overseas
• Democrats Abroad

 

Connect with Kristin: 

• Follow on Instagram
• Subscribe to Traveling with Kristin on YouTube 
• Subscribe to Digital Nomad TV on YouTube
• Follow on Medium
• Follow on Clubhouse @KristinWilson
• Join the Badass Digital Nomads Facebook Group

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Thank you to my 2021 Patrons: Teklordz, Trader Walt, Shawn, Gary, Gary R, Yozhik, Bronwyn, Cynthia, Erick, Yasmine, Mike, Isaac, Michael, Scott, Karen, Erik, Heather, Craig, RZ, Timothy, Richard, Fred, Lakshay, Yohji, Annie, Ray, Ron, Henry, Kelly, Alejandra, Keith, Stephen, Eddy, Warren, James, Javier, and Daniel. 

Warm welcome to my newest patrons: Rich, Emily, Aisha, Phil, and Anthony!

Become a Patron for $5/month at Patreon.com/travelingwithkristin

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