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Checklist for returning US (and possibly other) expats

 
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nomad soul



Joined: 31 Jan 2010
Posts: 11454
Location: The real world

PostPosted: Mon Feb 27, 2012 8:36 am    Post subject: Checklist for returning US (and possibly other) expats Reply with quote

Ultimate checklist for returning U.S. expats
By Jordan Burchette, CNNgo | February 21, 2012
(Source: http://www.cnngo.com/explorations/life/usa/ultimate-checklist-returning-us-expats-919371?hpt=hp_bn8)

Depending on how long you've been abroad, your transition back to the United States could be as stressful -- perhaps even more so -- as your initial expatriation. When you arrived in your foreign home, you likely had to undergo an understandable period of culture adjustment. What you may not expect is the inverse upon your return; the expectation of the familiar derailed by the degree to which things have changed. Change isn�t a bad thing, it�s just something you�ll want to prepare for. After consulting with a number of repats, here�s our checklist for re-Americanization.

Setting up the basics
You�ll have to satisfy fundamental necessities quickly in order to function as an adult. Here are the major items to take care of:
For many, the era of the Blackberry is over. Analysts claim the company can no longer compete with its chief rivals, the iPhone and Android-based handsets, and it doesn�t even do well anymore what it used to; a new Blackberry works worse than one from two years ago. Three of the four major carriers -- Sprint, Verizon, AT&T -- carry the iPhone, and all service providers offer some form of Android-based phone. You may be able to use your existing phone on the AT&T and T-Mobile networks, which operate on the GSM standard.

Finance
There are four major U.S. banks now: Chase, Wells Fargo, Bank of America and Citi. And they�re looking for any and every way to disgorge you of the money you keep with them, including a recent failed attempt to charge monthly for debit card use. So you might want to check the Internet for places to store your war chest, find where rates are most favorable and fees are fewer. High-yield savings, which, before the financial collapse, reached annual rates upwards of five percent, is now defined as anything above zero. But check Fat Wallet.com for the best of what still passes for interest.

Housing: Buy or rent?
It's bottoms up in the housing market. Interest rates are at their lowest in modern history. Couple that with a weakened housing market and, if you're returning permanently, you have good credit and anything together for a down payment, this is a good time to consider purchasing a new property. Especially since the paradoxically crowded housing market is driving up rents in many major cities. �Even though in many cities there are very fewer (housing) listings now than in previous years, it�s still a buyer�s market,� says Brian Brink of Brink Appraisal in Portland, Ore. �Although some people still believe we haven�t seen the bottom of the real estate market, there are signs nationally that the market is stabilizing and has seen its low point.�

Everyone has less money now, but everything costs more
Economic experts insist that inflationary pressure in the United States is low, but you wouldn�t know it by looking at the prices of some of the most common items.
    Gas - Was: $1.62 a gallon. Is: $3.38 a gallon (average, in places above $3.75) and rising. Fast.
    Utilities - Were: $95.66 a month. Are: $110.55 a month.
    J. Crew swimsuit - Was: $78. Is: $94.
    Xbox Live membership - Was: $49.99. Is: $59.99.
    College tuition, public - Was: $6,585 a year. Is: $8,244 a year.
    Median household income - Was: $52,029 a year. Is: $49,445 a year.
The IRS? Yep, still there
According to everyone�s least-favorite government office, if you meet certain requirements, you may qualify for the foreign earned income and foreign housing exclusions, or even the foreign housing deduction. U.S. citizens or resident aliens abroad are taxed on their worldwide income. However, you may qualify to exclude from income up to an amount of your foreign earnings that is now adjusted for inflation ($91,400 for 2009, $91,500 for 2010, $92,900 for 2011, $95,100 for 2012). In addition, you can exclude or deduct certain foreign housing amounts. Your best financial friend, the Foreign Earned Income Exclusion (FEIE) allows you to except income earned abroad only if you�ve filed a tax return each year you�ve been away. The IRS may allow you to file past tax returns without penalty. The straight dope from the feds can be found at the FEIE page on the IRS website.

Don�t forget state taxes
States are reluctant to lose you as a benefactor. Regardless of whether it�s been years since you last lived there, states can use an arsenal of criteria to continue considering you a resident/host body, including your driver�s license, voter registration, local bank accounts, bills and of course any properties owned or rented. Be sure to check with your state's department of revenue or tax office before declaring yourself free and clear of tax burdens. Report everything that�s not stuffed in a mattress. You�re also obligated to disclose any financial accounts held overseas that total $10,000 at any point during a given tax year, so you�ll want to fill out a federal TD F 90-22.1 form. Enjoy!

Catch up on the culture
Having likely adopted the ticks and trends of your adopted country, you�ll want to get up to speed on what�s en vogue in the United States so as to hasten your assimilation/lessen your happy hour humiliation. According to Mobility magazine, �For many, it takes a full 12-month-cycle of holidays and work-related events before [returning expats] feel fully re-established back home.� Here�s what to expect �

Boredom
Regardless of what your routine was while abroad, every day brought discovery. Now, discovery means waiting with anticipation for what the new Hess holiday toy truck will look like.
Tip: Dive back into the culture. There has been a panoply of acclaimed movies, television shows, music and books since you left.

Missing your second home
The homeland has always been there waiting for you, so coming back to your country of origin actually makes you more homesick for the foreign land.
Tip: As a foreigner, you were more willing to adapt. Now that you're �home,� you may feel out of place, only without the willingness to conform. Identify what you miss about home before you return then focus on those things once you do.

Nobody cares where you�ve been
People outside the United States often like to hear what life is like there. Americans, owing to either a sense of superiority or disinterest, aren�t all that curious about what�s going on in Malalikibootoostan. (Which is a close approximation to how they might pronounce the name of your most recent home. Ha ha, your high school friends are funny!)
Tip: Keep your remembrances brief unless someone takes an active interest in your experience. Any phrase containing "when I was in..." is a no go zone. No one likes a Carmen Sandiego. No one really cares about your "life-changing" experiences abroad.

Job dissatisfaction
Your new job may not allow you to capitalize on the multi-cultural skills you cultivated during your time abroad (�Just input the data from this form into that one and start the next pile as soon as you�re done, Ferguson!�) and/or you may not enjoy as senior a position upon your return.
Tip: Don�t let this engender a sense of lost career momentum. Nobody in America likes their job, so this will give you something to bond over!

Where have all my holidays gone?
Working in the United States brings with it a remarkable lack of public holidays and vacation leave. No more easy long weekends in Phuket or the coast of Spain on generous expat leave.
Tip: Ask not what your company can do for you, ask what you can do for your company. Get cracking.

No one understands you
Your difficulty reintegrating into American society is as foreign a concept to others there as the place you just left.
Tip: Get over it.

(End. This is an excerpt. For the full article, go to http://www.cnngo.com/explorations/life/usa/ultimate-checklist-returning-us-expats-919371?hpt=hp_bn8 )
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jpvanderwerf2001



Joined: 02 Oct 2003
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Location: New York

PostPosted: Mon Feb 27, 2012 10:58 am    Post subject: Reply with quote

This is good stuff. I can especially relate to the "When I was in..." thing; glazed looks and half-interested smiles are part of response I usually get. I generally know who is actually interested in the places I've been, and they are nearly always other travelers/ex-expats.
I'm expecting to head back one day soon. One thing I would add to this list is "Try finding a job before repatriating, or at least be sure your folks want you around for a long time." Laughing
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nomad soul



Joined: 31 Jan 2010
Posts: 11454
Location: The real world

PostPosted: Mon Feb 27, 2012 11:15 am    Post subject: Reply with quote

jpvanderwerf2001 wrote:
One thing I would add to this list is "Try finding a job before repatriating, or at least be sure your folks want you around for a long time." Laughing

And I always say, "Have low expectations when heading abroad so that you aren't disappointed or unpleasantly surprised." But also,"Have low expectations when returning home so that you aren't disappointed or unpleasantly surprised." Just kiddin'!
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Glenski



Joined: 15 Jan 2003
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PostPosted: Mon Feb 27, 2012 1:19 pm    Post subject: Reply with quote

I also recommend this book.
http://www.craigstorti.com/book3.html
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spanglish



Joined: 21 May 2009
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PostPosted: Mon Feb 27, 2012 3:07 pm    Post subject: Reply with quote

Excellent list! I spent my entire (unpaid) 2 month holiday in the US last year to get the chance to sort of reintegrate for a bit.
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nomad soul



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PostPosted: Mon Feb 27, 2012 6:37 pm    Post subject: Reply with quote

Glenski wrote:
I also recommend this book.
http://www.craigstorti.com/book3.html

Amazon reviewers had mixed opinions about the book (http://tinyurl.com/amazon-storti). What aspects of it did you personally find most useful in your situation, Glenski?
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Aristede



Joined: 06 Aug 2009
Posts: 180

PostPosted: Mon Feb 27, 2012 6:41 pm    Post subject: Re: Checklist for returning US (and possibly other) expats Reply with quote

nomad soul wrote:
Ultimate checklist for returning U.S. expats
By Jordan Burchette, CNNgo | February 21, 2012
(Source: http://www.cnngo.com/explorations/life/usa/ultimate-checklist-returning-us-expats-919371?hpt=hp_bn8)




A better name for the checklist might be "A Dozen Reasons for an Expat American to Never Repatriate." What once was home no longer seems like a very welcoming place.
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MotherF



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PostPosted: Mon Feb 27, 2012 7:27 pm    Post subject: Re: Checklist for returning US (and possibly other) expats Reply with quote

Aristede wrote:
nomad soul wrote:
Ultimate checklist for returning U.S. expats
By Jordan Burchette, CNNgo | February 21, 2012
(Source: http://www.cnngo.com/explorations/life/usa/ultimate-checklist-returning-us-expats-919371?hpt=hp_bn8)


A better name for the checklist might be "A Dozen Reasons for an Expat American to Never Repatriate." What once was home no longer seems like a very welcoming place.


Exactly what I was thinking! Ultimate checklist for returning U.S. expats: Why You Should Stay Abroad.
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Prof.Gringo



Joined: 07 Nov 2006
Posts: 2236
Location: Dang Cong San Viet Nam Quang Vinh Muon Nam!

PostPosted: Tue Feb 28, 2012 12:06 am    Post subject: Re: Checklist for returning US (and possibly other) expats Reply with quote

MotherF wrote:
Aristede wrote:
nomad soul wrote:
Ultimate checklist for returning U.S. expats
By Jordan Burchette, CNNgo | February 21, 2012
(Source: http://www.cnngo.com/explorations/life/usa/ultimate-checklist-returning-us-expats-919371?hpt=hp_bn8)


A better name for the checklist might be "A Dozen Reasons for an Expat American to Never Repatriate." What once was home no longer seems like a very welcoming place.


Exactly what I was thinking! Ultimate checklist for returning U.S. expats: Why You Should Stay Abroad.


Just got my Typhoid and Yellow fever shots, Tetanus booster as well Twisted Evil
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nomad soul



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PostPosted: Tue Feb 28, 2012 3:28 pm    Post subject: Reply with quote

The reality is some choose to return while others don't have much of a choice. For instance, I was happily teaching in one of the infamous "Arab spring" countries until the combination of nearby gunfire and loud, angry protesting, plus the umpteen barbed-wire barricades and police checkpoints made it impossible to safely remain and attempt to lead a normal life. I was not thrilled to have to suddenly return stateside and to a situation similar to what the article describes. I stayed in seclusion, applying feverishly for jobs to get me back overseas as quickly as possible---a self intervention of sorts to regain my sanity. But I was able to return to the US and not worry about where to stay because my mortgage is so low, I don't need to rent out my home while away. I'd also kept in touch with my network of colleagues and key contacts in case I needed to find short-term work. And friends closest to me, who are also world travelers, were the only people I shared my "exotic" stories with because they empathized with my overseas experience and the reverse culture shock I was going through.

However, for those who decide to repatriate for whatever reason, that homecoming may not be so warm and fuzzy. I think the article makes a good point in that you have to be financially and mentally prepared to return to a mediocre to lousy job and economic situation and to a cultural perspective that feels upside down and possibly in conflict. And reverse culture shock is almost inevitable and can occur regardless of the state of the economy. Anyway, it pays to be diligent in planning for the future and for unexpected hiccups but to also keep one's expectations low and realistic when returning home.
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PostPosted: Tue Feb 28, 2012 9:50 pm    Post subject: Reply with quote

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