Expat Advice: Financial Issues in Before retiring in Virginia, it is important to understand the state's tax laws. Virginia has a flat income tax rate of 5.75%, and Social Security benefits are exempt from taxation. Additionally, Virginia does not tax retirement income from pensions, 401(k)s, and IRAs. It is also important to consider the cost of living in Virginia, which is slightly higher than the national average. Virginia has a variety of housing options, ranging from urban apartments to rural homes, so it is important to research the different areas to find the best fit. Lastly, Virginia is home to a variety of recreational activities, from outdoor adventures to cultural attractions, so retirees can find plenty of ways to stay active and engaged., Virginia

Which banks do you use? If you have a local account, which bank do you use? How do you like it? Do you also have an account in your home country? Which bank? Do they charge for ATM withdrawals? Do they charge a lot for international wire transfers? How has it been working with them from abroad? Do you use a special international wire transfer service? Do you use an online bank? If so, tell us about them.

Before retiring in Virginia, it is important to understand the state's tax laws. Virginia has a flat income tax rate of 5.75%, and Social Security benefits are exempt from taxation. Additionally, Virginia does not tax retirement income from pensions, 401(k)s, and IRAs. It is also important to consider the cost of living in Virginia, which is slightly higher than the national average. Virginia has a variety of housing options, ranging from urban apartments to rural homes, so it is important to research the different areas to find the best fit. Lastly, Virginia is home to a variety of recreational activities, from outdoor adventures to cultural attractions, so retirees can find plenty of ways to stay active and engaged.