Good morning all, I need your advice.
My wife and I have been considering moving our family of 2 young boys (3.5 years old and 6 months old) to the US to be closer to my family. We currently live pretty well in Colombia given the exchange rate difference and overall cost of living being significantly cheaper. Since I haven't lived stateside in about 10 years (other than normal trips back and forth) my compass as to how much things cost is not calibrated at all.😆 I know healthcare costs are expensive there but I just didn't realize HOW expensive, especially for a family of 4.
My questions are:
- As someone who makes $110k/yr are there are any viable options for reduced health insurance premiums (other than paying the extra 20% that my employer doesn't cover) or is that just the nature of the game?
- Would it be smarter to just stay here in Colombia most of the time to reap the benefits of Geoarbitrage to save more and just take longer trips to the US to visit family more often?
- How do people have a 20% or more savings rate with the housing, food, and medical premium costs in the US?
