How to Renounce Your US Citizenship: Part 2 (+ YouTube Drama)

Jul 6, 2021

01:09:21

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In Part 2 of How to Renounce Your US Citizenship, Kristin and special guest, Erika Lind, talk about the pros and cons of renouncing your citizenship and why Erika decided to break up with the US for good. She gives you a detailed look into the process of renouncing your US citizenship and gives valuable advice for people thinking about doing the same.

Although Erika has been living in Vancouver, Canada for the past five years, she explains why she went to Mexico to speed up the renunciation process. She also shares her honest opinions on American society and government, and sheds light on what life is like after renouncing her citizenship.

Finally, Kristin and Erika discuss what happens to regarding taxes, collecting social security, and more.

Have you ever considered renouncing your citizenship or are you curious about the process? Tune in to get all the information you'd need to make an informed decision. Who knows, maybe it's the right choice for you!

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

↳ Travel Medical Insurance

↳ Global Health Insurance

↳ Online Bank Account

EPISODE 115 TOPICS DISCUSSED:

The pros and cons of renouncing US citizenship
The process of renouncing step by step
Logistics of renouncing US citizenship: The required documents and information needed to renounce.
How long it takes to renounce your citizenship
How much it costs: fees and exit taxes
What happens to your retirement and social security?
What it's like to travel to the US after renouncing your citizenship.
How Erika's political and societal values shaped her decision to renounce.
Why it's so difficult to pay US taxes while living in another country.
Pros and cons of having passports from multiple countries.

QUESTIONS ANSWERED:

How difficult is it to renounce your citizenship?
Why not keep both your US and Canadian citizenship?
Did you consult accountants, lawyers, or any other professionals during the process?
How much does it cost to renounce your citizenship, including exit tax and application fees?
How long does the process take?
How did your friends and family react to your decision?
Do you think you'll ever regret renouncing your citizenship?
What was it like solo traveling to Mexico to renounce during COVID?

RESOURCES