Even the clients who brim with optimism may encounter difficulty being away from their home country.
There are social and psychological concerns for individuals retiring abroad that an advisor should discuss with a client planning the move, says Diamond.
“Realize that in many parts of the world, they’re going to live there and they won’t look like anyone else," Diamond says. "They’ll be treated differently. The laws are different. The customs are different. The expectations for what happens to an estate are different. It’s a lot to prepare for.”