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1. Much lower cost of living

And, depending on where, a much lower standard of living. I'm sure there are sweet spots here and there, but by and large from what I've seen, we do get what we pay for in this country.

3. Tax benefits perhaps?

Actually, I was under the impression it would be more like tax penalties. I don't know this area of tax law well, but I've heard repeatedly that ex-pats get a significant amount of their income double-taxed by local income tax and US income tax (typically AMT).

Yes, US tax. The IRS still wants you to pay US income taxes even if you live abroad. There's also a confiscatory tax for giving up your US citizenship entirely. It's comparable to the estate tax, I understand, and as such it really will take a bite out of most people who are ready to FIRE.

Another drawback I can think of is learning a foreign language. Now, it's true that in many other countries, far more people speak multiple languages than we do. However, they often learn at an early age. Learning to become really fluent as an adult is often difficult. I knew people from Guatemala who spoke only broken English after living in the US for a decade, or no English at all. Imagine yourself with the positions reversed.

English speaking countries are rarely on the "cheap" list.

I'm not against the concept, it's just that I've thought about it before, and the answer always seemed to be that the drawbacks were huge.

- Gus
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