George, an American, works in Germany but will move back to the US to retire and collect Medicare. He wants to retire in the US because he believes the healthcare options are better for him. After a decade of working abroad, George said he'll return to the US to retire.
George, 65, is an American living in Munich . He plans on working two or three more years before returning to Seattle, where he lived before moving abroad. George is a " peak boomer ," meaning he's part of the "largest and final cohort" of baby boomers to turn 65 this year and enter retirement age, according to a report from the Alliance for Lifetime Income's Retirement Income Institute.
Many peak boomers are getting strategic about their retirement strategies and when they would start collecting Social Security benefits in the hopes of getting more bang for their buck. George is one of those individuals: he plans on retiring when he's 67 or 68 to get his full Social Security benefits , which for him, will start when he's 66 and 10 months. Additionally, America's Medicare benefits and being near family are factors driving his decision to retire in the US.
"I don't see myself staying here permanently when I have family back home," said George, who asked to use his middle name due to privacy concerns. "Even outside of Medicare, I just feel that healthcare is better," he said. George hasn't given up his American citizenship, and his wife, who lives in Germany with him, is a citizen of the Philippines.
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