Our workplace has opportunities to work in offices of the company in other countries. For those who excel at certain things, such as IT, or are specialists, such as geologists, there are opportunities to live and work in Canada and other places. My wife and I were going to Canada for at least two years. We were excited and nervous about it at the same time. Our workplace offered free help from a company that does Canada US financial planning for those who were doing what we were doing. I guess there is more involved in living and working in another country than figuring out the money system to know when a price is too high to pay for something. I never even considered the taxes and converting the money to US dollars for our savings and retirement money.
The transition was a lot easier knowing the financial pitfalls to avoid. It really isn’t something you want to just learn as you go along. (more…)