================================= How to work with me: ================================= 😎 One-on-one Consulting for planning your move abroad: calendly.com/adventurefreaksss/50min
Mary - THANK YOU SOOOO much!! What a great, thorough, realistic view of life in a small town in Puglia. I am in the process of moving to Southern Italy/Sicily/Puglia. Great interview!! Super helpful. Thanks again!
Dang, one of the best interviews for someone who is starting to look at retiring in Italy! Very well done and nice to get an idea on the Tax side that most people overlook
Excellent interview! The host asked great questions! Finally, I found this youtuber asked practical questions. Thank you! My husband and I moved to Portugal in 2023. I learned a lot from this video. Just subscribed.
Mary, get an e-bike to get around in the village. You don't need a drivers license for it. They also come with 3 wheels (for seniors) and a nice basket where you can put all your grocery in. 😊
@@gathercreatelivewithleslie8340 I would look for towns and avoid big cities. In Italy in small towns the prices are very reasonable for a home and for living. The pace is much slower and you learn to enjoy a simpler way of life. Check out Narni in Umbria (small well kept town) or Viterbo.
Here's the problem: Americans, Brits, etc. have to make at least $3300 a month in "passive income" in order to get a resident permit. AND, there's a hefty tax on that! In the USA, I'm not taxed on my retirement income, and can continue making (semi-passive) income without tax up to a certain ceiling every year. Makes the argument for retiring in Italy a tough one (and, I've lived in Italy before for 3 months...it has many pros but just as many...if not more...cons).
as a resident you would qualify for world class medical insurance, In-patient care and primary care are free, specialists and diagnostics have a copay but at a fraction of US costs and Medicare A+B+Medigap+D, cost of living is approx 30-40% lower, quality of life is subjective but should be at least on par at a minimum with your current resident, and the list continues...
@@carlosv8119 What happens if you're perfectly healthy, and just need vision and dental? I could get that on a visit, and pay out of pocket or with international travel insurance. Trust me, I agree with the idea of quality of life being better in some cases, but I'm an earner, and plan to continue doing so even with collecting my pension. Italy's rules and taxes are extremely problematic for people like me! I've researched this for years (and, even own land in Italy which I won't develop because of the infamous "Italian way."
@@carlosv8119 I agree with the argument, but have researched this for years (I've lived there, and even own land there...which is problematic in terms of dealing with Italian bureacracy which cannot be understated!) However, I'm healthy, and get so many tax benefits with USA system (as explained), so that rules out many "benefits" as you describe..at least for now. I plan to continue to earn money doing what I do, even while collecting a pension, so the Italian visa issue (and high taxes) is extremely problematic! For folks in that middle area who do not intend to continue working, the 5% thing is GREAT (although in America, they'd pay 0% in most cases).
Exactly! What is the point of the video title bragging about 'Retire in Italy Under $1000' when the Italy government requires your income to be at least $3,300 per month to get residency?. The video is pointless.
Thank you so much for doing this video! I first researched Puglia (nothing in depth) about 10 years ago. To actually listen to someone talk about the cost of living was very enjoyable and educational. Thank you! 🙂
VERY helpful! Please keep making these. However, it is amazing to hear what topics you all cover, like higher quality of life, of food and of medical care. Things that everyone outside the US have been pointing to since forever.
Yes I couldn't agree more with the lady. Italy is still quite affordable. I visited Italy many times and travelled extensively there last year. Coffee and cornetto with cream is extremely cheap in any cafeteria. Pizza or spaghetti in almost any restaurant will cost you between 7-10 euro and that's even without trying to find an affordable eatery. Great selection of bread, veggies, cheese, ham in supermarkets.. And the wine is extremely cheap and fab. All very affordable.
Great podcast. My husband and I bought a house in Puglia 4 years ago as retirees. Our town doesn’t have English speakers but it has been fun and challenging to learn phrases and people are so friendly and helpful that it hasn’t been a problem. However, Google translate is a must! Also, trains in Puglia are extremely slow. From our town to Lecce by car is 45 min, by train 2 hrs. The train is out of the 1960’s But we have electric bikes and you can put them on the trains for a couple euros. We can walk everywhere but the bikes are helpful if the groceries are heavy. Prices here are exactly half the price of the U.S. on almost everything. Downside (as in even France), we hate that it is almost nonexistent to find anyone who picks up their dog’s poo😬
Me and my husband retired 5years age and pay taxes on our retirement!So we decided to move somewhere overseas. We moved to Puglia Italy and,we still pay taxes after our retirements to usa. But we together have over $4.000 a month and live our best life. Everything is 10×cheaper RENT OR OWNING A PROPERTY, HEALTH CARE ,HEALTHY FOOD, SOCIAL LIFE ITC.❤❤❤
We will be retiring in three years, I would love to do this. Where should we start for understanding what we need to do? My son who would be eighteen at the time would probably be coming with us also. Im a second generation Italian in the US and have dreamed about Italy my whole life.
I want to retire in Italy. I have retirement of 4k EUR pro month until I’m 65 and then it will shrink to approximately 2,9k EUR a month. I just don’t know where to move to? Are doctors and hospitals good in Pulia? I was looking into Sardinia. But I really don’t know what would be better for me.
Also, remember that in the 7% tax regime, you don't pay any regional tax in Italy and you don't pay any wealth tax on foreign (U.S.) owned properties or financial assets. Which you normally do. Though the rates are pretty low. 0.40% for investments in the US, and 1.06% for real estate.
Thank you. Just to clarify, is the 7% on income from €1 to infinity? For example, in the UK, we have a tax-free allowance of £12,570 per person before the 20% tax rate is applied.
@@mrsm6182 Yes the 7% is a flat tax on all reportable income. Italy does not have a 0% tax bracket unlike the US, UK, and France. But the cost of living can be much lower. Thanks for the question!
I lived in Carovigno 32 years ago when the US has a base close by. I have such fond memories of the town and miss the weekly markets. Lived on via Foggia.
Thank you. Just what I needed to watch. My wife and I are directors of our farm business and own property, plus small pensions. I am nearly 55, wife is 52. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $820K.
It isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into financial advisors for a strategy that suits your timing.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $250k since then.
I won't pretend to know everything, though. Her name is Annette Marie Holt but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
I am curious as to why Mary does not file an IRS 673 form for tax exemption when residing outside the US for more than 330 days/year. We have been living in Japan for the past 12 years, and we do not pay taxes in the US, except for FICA. We would have to pay Japanese tax though if we weren't working for the US military on SOFA status. But when I retire to Spain next year, I will just file a 673 for exemption. I won't be paying taxes in Spain either because my SS comes from having taught for a public university, and according to lawyers in Spain, Spain would exempt me for that reason. Otherwise, I would be paying taxes on my SS in Spain, not the US.
Thank you for the wonderful interview and information on Puglia. I was stationed in Aviano (northern Italy) and lived in Pordenone for two years. I miss everything about Italy so much, the delicious food, the wine, the slower paced lifestyle, friendships, the sandy beaches. My ancestors are from Naples, so I'm looking into obtaining an ancestor dual citizenship. Like Mary Hanson, I'm from the Phoenix, AZ area. I'm really ready for a calmer lifestyle. I'm not even 60 years old yet, but I'm setting a goal to make a move within the next two years. This interview provided so much valuable information. Thank you so much!
Excellent interview, this lady is way knowledgeable than most of the so called expert bloggers on the subject . I’ve been to Italy several times and I’m considering a retirement destination soon ( less than a year ) fingers crossed. Thanks for the video .
In the 90s ib was stationed at a base down there several times. Loved Lecce and all the little towns around there. Beautiful in the boothill. Lecce is not cheap now though. Very expensive. So hopefully other areas near there are cheap like she says.
Yea, as more and more people consider living or retiring abroad, these areas are going to continue to rise. The great news is that there are so many beautiful areas around Italy that you can be the first to make the next place take off:)
I’m trying to find out if I want to retire in Spain or in Italy. I do want to leave the US by the end of this year. I do speak a little Italian and therefore think Italy, maybe Sardinia would be better for me.
I would think, if you are retiring to pretty much any foreign country and you only have a very basic grasp of the language, that it would be helpful to live in a larger town/city first, that has an immersion program for non-native speakers. Then start branching out to the smaller towns/villages for longer term residence.
Another great interview from Adventure Freakss. Looking at it from an Australian perspective: 38,000Euro (for a couple), is equivalent to AUD$62,000 pa. The Australian pension is half that! By the way, Italy's 7% only lasts for 10 years, Greece's is for 15 years.
Interesting that this came up in my UA-cam feed. I’m an American that’s been living in Puglia for over 20 years now. I don’t understand how people can retire here so far from their families. My Italian wife’s parents need a lot of help now that they are in their 90s. Sooner or later you’re going to need help that you can trust which is usually family.
Unfortunately, not all have the luxury of having close or nearby younger family members. My husband and I are the youngest in our families and both our children live abroad. So, to us any country could be a home to us as long we are together happy and well connected to the community.
I love Forest Hill but you just don't get the views, the Mediterranean breeze, the historical awe Italy presents. Italy's like walking through a gallery in every part of the country:)
I backpacked thru Italy and loved it! I’ve contemplated Sardinia but Puglia is feeling really good as well! I’m a single mom, sold my house in Georgia and moved to Puerto Rico 🇵🇷 but once my children graduate high school in two years, I’m looking to retire in Puglia
I'm slowly approaching the finish line on my Dual Citizenship. Could you interview a guest like Mary, asking similar questions, for someone like me who should be getting my red passport by the end of this summer?
I’m about to retire in Canada .The only income I have is after selling my property and that might be between $700k-$900k plus couple hundred in CPP pension . I also have EU passport so hope that helps to get the residence status . But I heard that the driver license is a pain to get . The international license is only good for a 1 year . After that you start like a new allover . Any advice ? Greatly appreciate!
Thank you for viewing. If i remember correctly we touched on a drivers license in Italy in the Abruzzo video. Monica has a car there and i do believe she me tioned it is not a simple process, which is why many opt for buses and trains instead.
Would love to ask Mary if the rental prices she quoted are on annual rental leases only or could someone who wants to live there for say 1-3mths get those prices as well and how would we find them for that price ?
I don't think in reasonable price apartments you're going to have a lease issue you're thinking American you got to stop doing that the Americans screw you and that is one of the ways Lee Lee Lee Lee Lease ...
I visit Sardinia recently and I can't get over it in my mind .. planning to move there when I retire. But I'm 47 now ..i still have years to wait. I'm Canadian. I'm visiting Italy, Spain, Greece , Portugal etc. Comparing which one is the best to retire someday.
Thanks this was very useful. I lived in Italy for several years, and now approaching retirement i am considering Southern Italy. I've spent some time in Puglia and i like it. A criticism of the summary at the end would be that you should remind people that, while $945 is possible, it does not quite track with the normal monthly reality. And applicants are not going to qualify for the ERV visa without proof of $2,802/month in proven passive income in any case. "Experts" go further to say that you should have more money showing to be on the safe side, since the visa is at discretion of each consular office.
You have to remember these are Puglia prices that’s much cheaper than Rome and northern Italy The reality of Italy is that it costs more than here in Sydney Australia for many foods, hence why majority of Italians eat pasta and Pizza which is cheaper.
I’m not sure if you’re from the US with a US driver’s license. I have a Swiss driver’s license and should be able to just trade it in for a EU drivers license.
Thank you for sharing Mary! This was so interesting. I am curious about safety though is that an issue where you are? Also is this $1000. include your housing and meals? It was a bit confusing so if you can please clarify.
I haven't ever felt afraid here. Let's start with guns are highly regulated here. Nobody is walking into a store with an UZI. Italian kids play in the street, ride their bikes until sundown, leave them on the doorstep (although they do chain them up). Unfortunately Domestic violence is an issue but a huge ground swell against it with many safe houses, counseling and divorce is getting easier. Also family, you beat up someone's sister? At the least you are going to be hurting for a month.
Would like to know what Mary Hanson is talking about the $350-$500/month single homes. I look online at different realtors and the prices are much higher than that!
I like Calabrian coast of Pizzo, Tropea and Capo Vaticano. Puglia is nice but it doesnt have the beautiful coastline like Calabria does. Calabria is cheaper as well.
Quite possibly! Giancarlo in this video is an immigration lawyer that helps people obtain Italian citizenship through descent. His contact info is in the description of this video: ua-cam.com/video/_GgEToLlkpE/v-deo.html. Good luck and thank you for viewing!
Pointless. The cost of living is Puglia is entirely beside the point if you do not meet the income requirements for residency. Nobody needing to live somewhete with a cost of living of $1,000 a month can get approved for a visa. You need something like $3,300 a month income to obtain a residemcy visa. So why the "You can live in Puglia on $1,000 a month" hype? If you can't get in, you can't live there.
@@bubblesthecorgis there is a dual taxation treaty with Italy to avoid double taxation however you will still have to file taxes in both countries. We always suggest to discuss this with a tax expert that can assist.
You could get sea views all over Europe including Puglia very affordably. I would encourage you to find a realtor or join a FB group in Puglia that focuses on real estate in that area to get going rates. It would all depend on how much you have to pay per month for rent or how much you would be willing to spend to purchase. There are amazing options with Sea views all over Europe!
What the US government knows about your income doesn't have to be spread out through the whole world Be a tourist there and feal it out.... A great tool the internet you can Google all the sudden Italian real estate agents and see what you got
@@Beautytrends77 what is it that you would like to know? We did a video on visa requirements with a lawyer who lives and works in Italy. Maybe you will find this helpful! ua-cam.com/video/_GgEToLlkpE/v-deo.htmlsi=gMHDATYzH2i_er5-
@@adventurefreaksss I’m a third generation Italian and I saw a few videos on how to maintain a dual citizenship but I’m assuming it may be less to get a visa.
@@trudyengstrom289 its good. Bloomberg Health Efficiency Index: Italy often ranks among the top countries, reflecting its efficient use of resources and better health outcomes. The U.S. typically ranks much lower due to high costs and less efficient outcomes.
I dream of moving to Italy in the future from NYC. My problem is being taxed there because my NYC Pension is already taxed. Looking for a 7% community . My rent is $2,045 for a 1 bedroom apartment ✈️
What parts of Italy are you looking at. Many many 7% tax regions to live in. If you don't speak Italian, the key is to find a 7% region that is developing with expats moving there so you won't feel isolated. The US also has a dual taxation treaty with Italy so you will have to file taxes but won't be double taxed:)
@@adventurefreaksss I can not find Mary's FB page. She didn't spell her name, so maybe the video transcript has incorrect spelling. I clicked on the link in the description and it took me to a general list.
I watched a video in Albania yesterday, and they gave these high income requirements for retirement also, and they are not even in the EU. Greece also has these requirements and they are in the EU. You always hear about how cheap it is to retire over there, but it is impossible to do if you can afford the cost of living there but don't meet their minimum income requirement. Forget it!
You're correct. Every country is different with income requirements. I do try and cover what those requirements are in each video if the expat is aware of them. The countries you mentioned are very affordable to live or retire in but you must meet the minimum requirement to live there. Thank you for viewing!!
@@cosmodoc I was born in Germany of a German mother. I was brought here to the US when I was 7. I think I had a German passport. I wonder if I could reclaim it?
@@wernerdanler2742 Im pretty sure you can. Normally, the law is, if at least one parent was or is German and you can prove this, you can get one. Just search for your nearest German consulate on the internet and send them a mail
Exactly! The video bragging "Retire in Italy Under $1000" is pointless if your retirement income is less than $3,300 per month. It's disgusting how greedy all countries are becoming requireing such high income.
Retirement in Italy for many is so 20 years ago .. Thinking people would choose many other countries including Albania etc... Think outside the box and avoid the tax problem countries like Italy ..
@@MsGringa24 yes you file taxes in both. My friends at Lexidy can answer the these questions more thoroughly. Reach out to Giancarlo here: www.lexidy.com/services/italy/immigration/?AdventureFreaks&
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How to work with me:
=================================
😎 One-on-one Consulting for planning your move abroad: calendly.com/adventurefreaksss/50min
Mary - THANK YOU SOOOO much!! What a great, thorough, realistic view of life in a small town in Puglia. I am in the process of moving to Southern Italy/Sicily/Puglia. Great interview!! Super helpful. Thanks again!
I don't know where to start. How do you get help to start the process of getting a residency visa and and rental?
This was really enjoyable, I watched the whole video. I as well want to end up in Puglia!
I was one of those stationed at that airbase. I am coming back, but to Abruzzon
Very hard to get a visa.
I really appreciate Mary's presentation...she's being very detailed and clear.
Dang, one of the best interviews for someone who is starting to look at retiring in Italy! Very well done and nice to get an idea on the Tax side that most people overlook
Thank you!
Thanks glad you liked it
@@maryhanson9630I Very informative. Thank you Mary! would love to meet a nice Italian gentleman and move from the US to Italy😊
Excellent interview! The host asked great questions! Finally, I found this youtuber asked practical questions. Thank you! My husband and I moved to Portugal in 2023. I learned a lot from this video. Just subscribed.
Mary, get an e-bike to get around in the village. You don't need a drivers license for it. They also come with 3 wheels (for seniors) and a nice basket where you can put all your grocery in. 😊
she’s American: she needs an SUV
If that village has a lot of stairs (which is very typical for a coastal cities) that bicycle will be a burden
that is a great idea!
@@ireneuszpyc6684 4 years I am doing great walking. Never healthier.
You could park it central to where you need to go .walk and then ride off into the sunset@@AlbertAzimov
I live in Viterbo. Best decision ever!! Affordable and wonderful to live.
🤗
Any recommendations to someone wanting to do the same??
@@gathercreatelivewithleslie8340 I would look for towns and avoid big cities. In Italy in small towns the prices are very reasonable for a home and for living. The pace is much slower and you learn to enjoy a simpler way of life. Check out Narni in Umbria (small well kept town) or Viterbo.
Here's the problem: Americans, Brits, etc. have to make at least $3300 a month in "passive income" in order to get a resident permit. AND, there's a hefty tax on that! In the USA, I'm not taxed on my retirement income, and can continue making (semi-passive) income without tax up to a certain ceiling every year. Makes the argument for retiring in Italy a tough one (and, I've lived in Italy before for 3 months...it has many pros but just as many...if not more...cons).
as a resident you would qualify for world class medical insurance, In-patient care and primary care are free, specialists and diagnostics have a copay but at a fraction of US costs and Medicare A+B+Medigap+D, cost of living is approx 30-40% lower, quality of life is subjective but should be at least on par at a minimum with your current resident, and the list continues...
@@carlosv8119 What happens if you're perfectly healthy, and just need vision and dental? I could get that on a visit, and pay out of pocket or with international travel insurance. Trust me, I agree with the idea of quality of life being better in some cases, but I'm an earner, and plan to continue doing so even with collecting my pension. Italy's rules and taxes are extremely problematic for people like me! I've researched this for years (and, even own land in Italy which I won't develop because of the infamous "Italian way."
@@carlosv8119 I agree with the argument, but have researched this for years (I've lived there, and even own land there...which is problematic in terms of dealing with Italian bureacracy which cannot be understated!) However, I'm healthy, and get so many tax benefits with USA system (as explained), so that rules out many "benefits" as you describe..at least for now. I plan to continue to earn money doing what I do, even while collecting a pension, so the Italian visa issue (and high taxes) is extremely problematic! For folks in that middle area who do not intend to continue working, the 5% thing is GREAT (although in America, they'd pay 0% in most cases).
Exactly! What is the point of the video title bragging about 'Retire in Italy Under $1000' when the Italy government requires your income to be at least $3,300 per month to get residency?. The video is pointless.
@@PORSCHE_COUNTRY. Actually, if you make more than around $2,000/month, your SS is taxed.
Thank you so much for doing this video! I first researched Puglia (nothing in depth) about 10 years ago. To actually listen to someone talk about the cost of living was very enjoyable and educational. Thank you! 🙂
VERY helpful! Please keep making these. However, it is amazing to hear what topics you all cover, like higher quality of life, of food and of medical care. Things that everyone outside the US have been pointing to since forever.
Yes I couldn't agree more with the lady. Italy is still quite affordable. I visited Italy many times and travelled extensively there last year. Coffee and cornetto with cream is extremely cheap in any cafeteria. Pizza or spaghetti in almost any restaurant will cost you between 7-10 euro and that's even without trying to find an affordable eatery. Great selection of bread, veggies, cheese, ham in supermarkets.. And the wine is extremely cheap and fab. All very affordable.
You could say that about Portugal and Spain too.
Mary explained the situation very well.
Great podcast. My husband and I bought a house in Puglia 4 years ago as retirees. Our town doesn’t have English speakers but it has been fun and challenging to learn phrases and people are so friendly and helpful that it hasn’t been a problem. However, Google translate is a must! Also, trains in Puglia are extremely slow. From our town to Lecce by car is 45 min, by train 2 hrs. The train is out of the 1960’s But we have electric bikes and you can put them on the trains for a couple euros. We can walk everywhere but the bikes are helpful if the groceries are heavy. Prices here are exactly half the price of the U.S. on almost everything. Downside (as in even France), we hate that it is almost nonexistent to find anyone who picks up their dog’s poo😬
Thank you for this addition and viewing:)
Oh man , 💩 Is one of my pet peeves. I’d hate that. Maybe you can order some cute little signs and bags and put them around town to start a trend lol
@@mantralife6620Puglia also has a feral dog problem. Southern Italy has a 3rd World mentality regarding dogs. Everything is NOT so perfect in Puglia.
Oh no. In Switzerland it’s mandatory to pick up dog poo.
@@maryannwaters339Are there pitbulls in Pulia? I’m terrified of these dogs.
Hell, Mary needs to get on the tube and help us out. She’s very informative & pleasant.
Me and my husband retired 5years age and pay taxes on our retirement!So we decided to move somewhere overseas. We moved to Puglia Italy and,we still pay taxes after our retirements to usa. But we together have over $4.000 a month and live our best life. Everything is 10×cheaper RENT OR OWNING A PROPERTY, HEALTH CARE ,HEALTHY FOOD, SOCIAL LIFE ITC.❤❤❤
5 yrs ago, retired, sorry for miss spell it is my cellphone. 😂
Cancel your US citizenship. I would NEVER pay taxes to the US after moving to another country. That's insane!
@@lucialuciferion6720 my thoughts exactly!
We will be retiring in three years, I would love to do this. Where should we start for understanding what we need to do? My son who would be eighteen at the time would probably be coming with us also. Im a second generation Italian in the US and have dreamed about Italy my whole life.
I want to retire in Italy. I have retirement of 4k EUR pro month until I’m 65 and then it will shrink to approximately 2,9k EUR a month. I just don’t know where to move to? Are doctors and hospitals good in Pulia? I was looking into Sardinia. But I really don’t know what would be better for me.
Great, great info that is much needed as i am looking to retire in Italy as well. Thank you for doing this.
Wow! Great podcast... Thank you so much. I think that just sealed the deal, woop woop!!
Thank you!
Thank you Mary! Parts of this interview brought me to tears. It sounds too good to be true. Will be visiting Italy in 2025.
Also, remember that in the 7% tax regime, you don't pay any regional tax in Italy and you don't pay any wealth tax on foreign (U.S.) owned properties or financial assets.
Which you normally do. Though the rates are pretty low. 0.40% for investments in the US, and 1.06% for real estate.
Thank you @traveltirement!!
@@adventurefreaksss My pleasure!
thank you Tommy
Thank you. Just to clarify, is the 7% on income from €1 to infinity?
For example, in the UK, we have a tax-free allowance of £12,570 per person before the 20% tax rate is applied.
@@mrsm6182 Yes the 7% is a flat tax on all reportable income.
Italy does not have a 0% tax bracket unlike the US, UK, and France.
But the cost of living can be much lower.
Thanks for the question!
Mary was fantastic! Great, well articulated into
Mary is an awesome lady. They are very savvy and well traveled!
Couldnt you find someone to interview that was prepared? 😂 She is awesome! Adorable and brilliant!
I lived in Carovigno 32 years ago when the US has a base close by. I have such fond memories of the town and miss the weekly markets. Lived on via Foggia.
Thank you. Just what I needed to watch.
My wife and I are directors of our farm business and own property, plus small pensions. I am nearly 55, wife is 52. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $820K.
It isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into financial advisors for a strategy that suits your timing.
Even if you’re not skilled, it is still possible to hire one. I was a project manager and my personal portfolio of approximately $850k of my retirement pension took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $250k since then.
@@LucasBenjamin-hv7sk Could you kindly elaborate on the advisor's background and qualifications?.
I won't pretend to know everything, though. Her name is Annette Marie Holt but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.
Thanks a lot for this recommendation. I just looked her website up, and I have sent her an email. I hope she gets back to me soon.
I am curious as to why Mary does not file an IRS 673 form for tax exemption when residing outside the US for more than 330 days/year. We have been living in Japan for the past 12 years, and we do not pay taxes in the US, except for FICA. We would have to pay Japanese tax though if we weren't working for the US military on SOFA status. But when I retire to Spain next year, I will just file a 673 for exemption. I won't be paying taxes in Spain either because my SS comes from having taught for a public university, and according to lawyers in Spain, Spain would exempt me for that reason. Otherwise, I would be paying taxes on my SS in Spain, not the US.
Mary is delightful!!! ❤❤❤❤
Excellent ! Mary and her husband are certainly living the dream 😍
Thank you for the wonderful interview and information on Puglia. I was stationed in Aviano (northern Italy) and lived in Pordenone for two years. I miss everything about Italy so much, the delicious food, the wine, the slower paced lifestyle, friendships, the sandy beaches. My ancestors are from Naples, so I'm looking into obtaining an ancestor dual citizenship. Like Mary Hanson, I'm from the Phoenix, AZ area. I'm really ready for a calmer lifestyle. I'm not even 60 years old yet, but I'm setting a goal to make a move within the next two years. This interview provided so much valuable information. Thank you so much!
Thank you @tmneaves!
This is fabulous, thank you ❤
Excellent interview, this lady is way knowledgeable than most of the so called expert bloggers on the subject . I’ve been to Italy several times and I’m considering a retirement destination soon ( less than a year ) fingers crossed. Thanks for the video .
Great interview. I can't wait to check it out in June.
Great interview, very enlightening, thanks Mary!
Thank you Mary! You’re are a great teacher!
We were in Bari in Puglia in 2022. We stayed at the Monastery! It was awesome! We’re returning soon.
In the 90s ib was stationed at a base down there several times. Loved Lecce and all the little towns around there. Beautiful in the boothill. Lecce is not cheap now though. Very expensive. So hopefully other areas near there are cheap like she says.
Yea, as more and more people consider living or retiring abroad, these areas are going to continue to rise. The great news is that there are so many beautiful areas around Italy that you can be the first to make the next place take off:)
This is fabulous information! Thank you!
Thank you!
Very informative. Thank you.
I would love to retire in either Italy or Spain! Love the video!
Thank you!!
I’m trying to find out if I want to retire in Spain or in Italy. I do want to leave the US by the end of this year. I do speak a little Italian and therefore think Italy, maybe Sardinia would be better for me.
I would think, if you are retiring to pretty much any foreign country and you only have a very basic grasp of the language, that it would be helpful to live in a larger town/city first, that has an immersion program for non-native speakers. Then start branching out to the smaller towns/villages for longer term residence.
Another great interview from Adventure Freakss. Looking at it from an Australian perspective: 38,000Euro (for a couple), is equivalent to AUD$62,000 pa. The Australian pension is half that! By the way, Italy's 7% only lasts for 10 years, Greece's is for 15 years.
Thank you for sharing and for the additional information!
Interesting that this came up in my UA-cam feed. I’m an American that’s been living in Puglia for over 20 years now. I don’t understand how people can retire here so far from their families. My Italian wife’s parents need a lot of help now that they are in their 90s. Sooner or later you’re going to need help that you can trust which is usually family.
Unfortunately, not all have the luxury of having close or nearby younger family members. My husband and I are the youngest in our families and both our children live abroad. So, to us any country could be a home to us as long we are together happy and well connected to the community.
thanks for this good info, confirms allot of what I've heard. Dreaming about running away to Abruzzo in a few years (almost 60). Grazie
I may meet you there:). Thanks for viewing!!
Great knowledge from Mary, very good interview.
Thank you for viewing!
Extremely helpful information! You went through all the important questions! Thank you!
Thank you for such wonderful information!
Thank you @AddColor2Life!
$6.00 for cappuccino and pastries😊 a few slices of ham , cheese on a roll $10.30 in Forest Hills, NY✈️
I love Forest Hill but you just don't get the views, the Mediterranean breeze, the historical awe Italy presents. Italy's like walking through a gallery in every part of the country:)
In Calabria you can get two pizzas, a bottle of wine and some bread/water for 20 Euros.
Thank you for this video, Mary is fascinating!
I backpacked thru Italy and loved it! I’ve contemplated Sardinia but Puglia is feeling really good as well! I’m a single mom, sold my house in Georgia and moved to Puerto Rico 🇵🇷 but once my children graduate high school in two years, I’m looking to retire in Puglia
@@HealingSunHouse do you currently live in PR?
@@adventurefreaksss yes, I moved here in 2019 🤗
@@HealingSunHouse would you be interested in being on the podcast. Im looking for someone living in PR
@@adventurefreaksss sure, I don’t mind at all!
@@HealingSunHouse Great! Please email me at adventurefreaksss@gmail.com and we'll figure out a time to schedule. Thank you!
A family Oli OIL business and two restaurants I was there in October asnd love it. Wnat to go bsack and maybe for 6 months
Thanks 🙏🏼 for sharing! Moving there soon 🎉
Woman can talk global taxes, and spinach at the market costs in the same breath. Cool!
Very hard to find to rent close to the sea cause the rental is super expensive a house cost 10k a week June, July, August..
Thank you for this addition!
Seasonal rental. Year round in seaside towns runs 700 to 1000 month (size and distance to water)
Yes. Canada has the same as 🇺🇸
I would not rent long time in puglia. Houses and flats are cheap to buy. But that might work different for others.
Great interview 👍
Not in Polignano a Mare. Over the last ten years Puglia has changed a lot!
I'm slowly approaching the finish line on my Dual Citizenship. Could you interview a guest like Mary, asking similar questions, for someone like me who should be getting my red passport by the end of this summer?
I’m about to retire in Canada .The only income I have is after selling my property and that might be between $700k-$900k plus couple hundred in CPP pension . I also have EU passport so hope that helps to get the residence status . But I heard that the driver license is a pain to get . The international license is only good for a 1 year . After that you start like a new allover .
Any advice ? Greatly appreciate!
Thank you for viewing. If i remember correctly we touched on a drivers license in Italy in the Abruzzo video. Monica has a car there and i do believe she me tioned it is not a simple process, which is why many opt for buses and trains instead.
How about duel citizenship Italian and American you still have to pay taxes
Bellissima la Puglia ❤
Grazie Mary. You guys just forgot to talk about the weather all year long. How is it winter time ?
Whatever we don't cover it is available information in our Living Abroad Cheap Reports at AdventureFreaksss.com. Thank you for viewing!
Winters low 40s night 50's days. Sunny. Definitely need heat but 40 plus years in AZ thinned my blood.
There aren't any Smitty's in Phx, AZ
Would love to ask Mary if the rental prices she quoted are on annual rental leases only or could someone who wants to live there for say 1-3mths get those prices as well and how would we find them for that price ?
In the description of the video she provided her Facebook group you can join and connect with her. Let me know if you find it. Thank you for viewing!
Of course you can't. Short term rentals universally cost much more than long term leases. Always. Usually around 2-3 times as much.
I don't think in reasonable price apartments you're going to have a lease issue you're thinking American you got to stop doing that the Americans screw you and that is one of the ways Lee Lee Lee Lee Lease ...
This was the best informative interview
@@liebekatz1 thank you for viewing!!
@@adventurefreaksss on average, how often do these new residents visit family in the US each year.
@liebekatz1 once every couple years but they visit on other years.
I visit Sardinia recently and I can't get over it in my mind .. planning to move there when I retire. But I'm 47 now ..i still have years to wait. I'm Canadian. I'm visiting Italy, Spain, Greece , Portugal etc. Comparing which one is the best to retire someday.
Love Sardinia!
would be great if you did for calabria and campania
@@equatorialcat4569 we covered calabria a bit in this one! ua-cam.com/video/tRqG14pde84/v-deo.htmlsi=S3u_ddwOuhQMjP1m
watching from Sun City AZ
Thanks this was very useful. I lived in Italy for several years, and now approaching retirement i am considering Southern Italy. I've spent some time in Puglia and i like it. A criticism of the summary at the end would be that you should remind people that, while $945 is possible, it does not quite track with the normal monthly reality. And applicants are not going to qualify for the ERV visa without proof of $2,802/month in proven passive income in any case. "Experts" go further to say that you should have more money showing to be on the safe side, since the visa is at discretion of each consular office.
Thank you for viewing!
The whole Visa process is very difficult and could easily take the entire hour.
You have to remember these are Puglia prices that’s much cheaper than Rome and northern Italy
The reality of Italy is that it costs more than here in Sydney Australia for many foods, hence why majority of Italians eat pasta and Pizza which is cheaper.
The good you mention is not eaten because it's cheap. Italy has an abundance of fruit and veg which is cheap.
Great! Thank you!
Thanks for the great information. Just wondering if the car issue is easier in France, Albania, or somewhere else?
I’m not sure if you’re from the US with a US driver’s license. I have a Swiss driver’s license and should be able to just trade it in for a EU drivers license.
Yes France accepts US licenses
Thank you for sharing Mary! This was so interesting. I am curious about safety though is that an issue where you are? Also is this $1000. include your housing and meals? It was a bit confusing so if you can please clarify.
Thank you for viewing our content!
I haven't ever felt afraid here. Let's start with guns are highly regulated here. Nobody is walking into a store with an UZI. Italian kids play in the street, ride their bikes until sundown, leave them on the doorstep (although they do chain them up).
Unfortunately Domestic violence is an issue but a huge ground swell against it with many safe houses, counseling and divorce is getting easier. Also family, you beat up someone's sister? At the least you are going to be hurting for a month.
Would like to know what Mary Hanson is talking about the $350-$500/month single homes. I look online at different realtors and the prices are much higher than that!
Prices are always inflated online.
No it is apartments
I would love to retire there but the world is in such chaos.
I like Calabrian coast of Pizzo, Tropea and Capo Vaticano. Puglia is nice but it doesnt have the beautiful coastline like Calabria does. Calabria is cheaper as well.
I love the Calabrian coast as well!
Calabria is also FULL of Ndrangheta (Calabrian mafia) and has a feral dog problem; also lousy medical care. Yes, it's beautiful, BUT....
Excellent share thanks
This woman provides great info
GREAT information, Mary!!
Do I qualify for citizenship if my grandparents were native Italians?
Quite possibly! Giancarlo in this video is an immigration lawyer that helps people obtain Italian citizenship through descent. His contact info is in the description of this video: ua-cam.com/video/_GgEToLlkpE/v-deo.html. Good luck and thank you for viewing!
Hi, the sound dipped out at the total cost of the meal in the pizza restaurant. Was it €27 for 2 pizza, wine and fizzy water?
Lol, the Zoom connection was a bit off. I'd have to go back and view. It was less than 27 though. Thank you for viewing!
I agree when you say that Italy captures you and you want to live there!
She said 7 for the food and 4 for the table service
No 17€
Pointless. The cost of living is Puglia is entirely beside the point if you do not meet the income requirements for residency. Nobody needing to live somewhete with a cost of living of $1,000 a month can get approved for a visa. You need something like $3,300 a month income to obtain a residemcy visa. So why the "You can live in Puglia on $1,000 a month" hype? If you can't get in, you can't live there.
Can someone explain? If Italy tax you and US tax you, that means you pay tax both countries, right? So it’s double tax?
@@bubblesthecorgis there is a dual taxation treaty with Italy to avoid double taxation however you will still have to file taxes in both countries. We always suggest to discuss this with a tax expert that can assist.
So $92,000 a year in US dollar retirement income before both taxes could get a 4 bedroom home with a sea view in Puglia?
You could get sea views all over Europe including Puglia very affordably. I would encourage you to find a realtor or join a FB group in Puglia that focuses on real estate in that area to get going rates. It would all depend on how much you have to pay per month for rent or how much you would be willing to spend to purchase. There are amazing options with Sea views all over Europe!
Do your research plenty of websites you have lots of money you're going to live like a king compared to your stupid USA
What the US government knows about your income doesn't have to be spread out through the whole world Be a tourist there and feal it out.... A great tool the internet you can Google all the sudden Italian real estate agents and see what you got
I wish they would talk about non retired. Im interested in moving to Italy but not retired yet and not within the next 15 years will I be retired
@@Beautytrends77 what is it that you would like to know? We did a video on visa requirements with a lawyer who lives and works in Italy. Maybe you will find this helpful! ua-cam.com/video/_GgEToLlkpE/v-deo.htmlsi=gMHDATYzH2i_er5-
@@adventurefreaksss I’m a third generation Italian and I saw a few videos on how to maintain a dual citizenship but I’m assuming it may be less to get a visa.
@@adventurefreaksss thanks for sending the link, I will watch it👍🏼
Great interview 👍🏻
Thank you!
@@adventurefreaksss I’m hoping the Digital Nomad Visa will be approved soon in Italy 🇮🇹
How do you feel about the health care system?
@@trudyengstrom289 its good. Bloomberg Health Efficiency Index: Italy often ranks among the top countries, reflecting its efficient use of resources and better health outcomes. The U.S. typically ranks much lower due to high costs and less efficient outcomes.
Great interview, thank you Mary, where exactly she live? Corato? Train? Anyone knows please?
Carovigno. Thank you for viewing!!
I dream of moving to Italy in the future from NYC. My problem is being taxed there because my NYC Pension is already taxed. Looking for a 7% community . My rent is $2,045 for a 1 bedroom apartment ✈️
What parts of Italy are you looking at. Many many 7% tax regions to live in. If you don't speak Italian, the key is to find a 7% region that is developing with expats moving there so you won't feel isolated. The US also has a dual taxation treaty with Italy so you will have to file taxes but won't be double taxed:)
Our Living Abroad Cheap Report on Puglia is available now! You can find here: adventurefreaksss.com/italy/
@@adventurefreaksss I can not find Mary's FB page. She didn't spell her name, so maybe the video transcript has incorrect spelling. I clicked on the link in the description and it took me to a general list.
@@liebekatz1 I just updated her Facebook link in the description. You can find her now and reach out to her! Thank you!
Carovigno, near my home. 😮Is getting so expensive in Puglia time to move.
How do you find how many cars are available nationwide so that you go into the dealer know and able to negotiate?
Family? I'm guessing they simply do without or very seldom?
I watched a video in Albania yesterday, and they gave these high income requirements for retirement also, and they are not even in the EU.
Greece also has these requirements and they are in the EU.
You always hear about how cheap it is to retire over there, but it is impossible to do if you can afford the cost of living there but don't meet their minimum income requirement.
Forget it!
You're correct. Every country is different with income requirements. I do try and cover what those requirements are in each video if the expat is aware of them. The countries you mentioned are very affordable to live or retire in but you must meet the minimum requirement to live there. Thank you for viewing!!
Thankfully I have a European passport😊
@@cosmodoc I was born in Germany of a German mother. I was brought here to the US when I was 7. I think I had a German passport.
I wonder if I could reclaim it?
@@wernerdanler2742 Im pretty sure you can. Normally, the law is, if at least one parent was or is German and you can prove this, you can get one. Just search for your nearest German consulate on the internet and send them a mail
Exactly! The video bragging "Retire in Italy Under $1000" is pointless if your retirement income is less than $3,300 per month. It's disgusting how greedy all countries are becoming requireing such high income.
Great video.
Thank you Deirdre!
Retirement in Italy for many is so 20 years ago .. Thinking people would choose many other countries including Albania etc... Think outside the box and avoid the tax problem countries like Italy ..
Are you actually comparing Albania to Italy?!?
So you file taxes in both countries? 😳😬 how do you qualify for health care?
@@MsGringa24 yes you file taxes in both. My friends at Lexidy can answer the these questions more thoroughly. Reach out to Giancarlo here: www.lexidy.com/services/italy/immigration/?AdventureFreaks&
A cappuccino in Arkansas would be at least $5.00. I haven't bought one in a while so it may be more than that.
Are FERS pensions taxed in Italy? What about annuity income from the TSP?
You can check with Lexidy.com. We have a relationship with them and they can answer these questions in more detail. Good luck!
FERS and TSP are exempt regardless of where you live here. Any government pension from congressman to dog catcher in Podunk, KS is exempt by treaty
I love Puglia and Have a number of friends there some have their own business,
Very cool. What kind of business do they run?