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drray23

(7,974 posts)
Sat Nov 9, 2024, 10:34 PM Nov 9

So my wife and I are getting plan B ready. [View all]

I hold dual citizenship American and French. I spend most of my adult life in the United States. However, I have an appointment with the French consulate in DC next week to renew my French passport. We are not planning to leave the US unless I end up ousted from the department of energy where I work.

We figured I would not bother getting a new job, just sell our assets here in the US, move to France and buy a house there. We would rather stay in the US if we can so I will wait if and until I get laid off. The only upside is that the stock market jumped up and this netted me a lot more money. In normal circumstances, I would not be old enough to access my 401K's without penalty (you need to be above 59 1/2) but it turns out that if you are above 55 (I am 56), you also qualify in case you get laid off. That should allow us to move, buy a house there and either sell or rent our US home.

We recognize we are very fortunate to be in this situation. After the initial despair post-election, we reassessed and realized we could do this if needed. We completely cut off social media presence and reading/watching the news. We only browse DU now and ignore threads that are likely to get us really upset. That is helping to lower stress tremendously.







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This message was self-deleted by its author Chin music Nov 9 #1
Good luck to you! Nt Fiendish Thingy Nov 9 #2
You ARE very fortunate! cilla4progress Nov 9 #3
Because we have family here. Our son and daughter, inlaws, etc.. drray23 Nov 9 #5
Disgusting of him cilla4progress Nov 9 #8
good luck Skittles Nov 9 #4
Good on you & your wife, drray! Cha Nov 9 #6
If I was younger I would go fight for Ukraine which gets you citizenship. I would be proud to be a citizen yaesu Nov 9 #7
My nephew has been stationed there for two years now DFW Nov 9 #18
Why do you want to leave? JoseBalow Nov 9 #9
read my post again. you apparently did not.nt. drray23 Nov 9 #10
I did read it JoseBalow Nov 9 #11
if we have no other alternative. drray23 Nov 9 #13
Oh, to retire? JoseBalow Nov 9 #14
oh yes its way more affordable if you have french citizenship drray23 Nov 9 #15
That does sound like a good deal JoseBalow Nov 9 #16
Portugal is another good option. Many american expats are there drray23 Nov 9 #17
Where in Portugal do U.S. Expats tend to go? msfiddlestix Nov 10 #30
South Portugal - The Algrave region. lark Nov 10 #33
thanks!! I'll explore on line. appreciate this info. msfiddlestix Nov 10 #36
Good luck! lark Nov 10 #37
Oh, that's really nice! Blue_Roses Nov 10 #22
It seems France makes it easier on US residents than Germany does. DFW Nov 10 #40
Our plan B is the same. I was surprised to find out I can renew my Irish passport completely online, and Native Nov 9 #12
Sounds like a good plan. TBF Nov 10 #19
I would keep that to myself Cirsium Nov 10 #20
I think people on this forum are a little in shock still - TBF Nov 10 #35
Yes Cirsium Nov 10 #39
On withdrawing the 401k - you may end up with a humongous tax bill nmmi Nov 10 #21
thanks for your advice here... Ysabel Nov 10 #23
Yes you are correct. I am planning to only make drray23 Nov 10 #25
Good luck drray23... Ysabel Nov 10 #24
Canada doesn't take retirees, we tried in 2016 and got rejected. lark Nov 10 #34
good luck. note i am not leaving. AllaN01Bear Nov 10 #26
Oh, I did all that this past summer Prairie Gates Nov 10 #27
How were you able to line up a EU passport? Do you have a spouse with dual citizenship? MLAA Nov 10 #28
I have dual citizenship Prairie Gates Nov 10 #29
That's fantastic! It may come in very handy. MLAA Nov 10 #38
Marseille area is nice. Emile Nov 10 #31
My granddaughters are in the process of obtaining Dual Citiezenship in Holland, they are in their teens still in msfiddlestix Nov 10 #32
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