If you drop U.S. citizenship, can you still collect Social Security?
Columnist David Lazarus answers your consumer questions in this one-minute video.
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Lee is making some changes in his life.
He wants to know what happens if he renounces his U.S. citizenship and becomes instead a citizen of the Philippines. Can he keep receiving Social Security checks?
An intriguing scenario. Lee doesn’t say why he wants to switch teams, but it could have something to do with taxes. A number of Americans jump ship each year because they’re displeased with the U.S. tax system.
ASK LAZ: Smart answers to consumer questions
In any case, the Social Security Administration does have a status for ex-citizens who may be due monthly checks.
But not everyone is eligible to get those checks.
For more, check out today’s Ask Laz video.
If you have a consumer question, email me at [email protected] or contact me via Twitter @Davidlaz.
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