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One thing you haven't taken into consideration is exchange rate fluctuation. If the majority of your assets are in US dollars, and you move to France, and the US dollar tanks against the Euro (like it's been doing over the past few years) all of the sudden you have a lot less money.

I moved to Australia from the Chicago area in February, and in the first two month I was here the US dollar dropped 6% against the Australian dollar. Ouch. The cost of living might be substantially different in France too- in Australia goods are much more expensive than in the states- most likely because their minimum wage is so high (I haven't heard of anyone earning less than $15 AUD, which is about $13 and some change USD).

It may be wise to move some of your assets into Euros, as it is the second largest reserve currency behind the US dollar (a reserve currency is a currency that banks like to hold their reserves in- the US dollar is about 2/3rds of the world's reserve currency, while the Euro is around 1/4). And I the Euro zone is a net creditor, not the worlds largest net debtor like the US.

Robert
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