How to Renounce Your US Citizenship: Part 2 (+ YouTube Drama)
Everything you need to know about Renouncing Your U.S. Citizenship
“It’s an interesting experience where you leave and you embed yourself in another society, and then at first, you still kind of feel like you’re of the country you came from. But the longer you’re away, the more that identity leaves you and you sort of become the identity of the place that you’re living... And eventually, you’re like, I have no connection to that other place. I don’t want to be tied to it at all!”
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 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!
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EPISODE 115 TOPICS DISCUSSED: Renouncing Your Citizenship
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?
📝 EPISODE RESOURCES
VIDEOS:
Watch the video version of this interview (coming soon)
EXPAT EXPLAINS: Americans Abroad on Paying Taxes and Renouncing Citizenship (Greenback Tax Survey)
Related Podcasts:
How to Renounce Your US Citizenship Part 1: Moving to Canada
How U.S. Expats Feel About Paying Taxes Abroad and Renouncing Citizenship
Inside the Real Bangkok, Thailand with Erick Prince, The Minority Nomad (Part 1)
Inside the Real Bangkok, Thailand with Erick Prince, The Minority Nomad (Part 2)
Other Resources:
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