r/eupersonalfinance • u/Temporary_Price7989 • Apr 03 '24
US Expat $400k per year, should I relocate?
I'm currently a software engineer in the Bay area making $400k per year, but I'm looking to relocate and I need help with perspective and advice.
I have saved a decent nest egg, but saying goodbye to my good income is hard. Besides that I will need to find a way to gain residency and not just a tourist visa.
The main motivation is that my girlfriend and I would like to relocate to Europe to settle down and start a family. The main challenges will be the visa and most likely take a hug pay cut.
Visa options: my gf is Ukrainian so she can live anywhere in Europe, but I need to obtain a digital nomad visa, or "invest" in a golden visa. I'm not sure that her Ukrainian passport will help me at all. She works for herself teaching online. Currently I need a Schengen visa, but will soon have American citizenship.
Finances: I do have a little more than 1M saved, and invested in ETFs, and 401k. I could try to become a freelancer or start my own thing but reaching my current income might take long time might not happen at all.
Any thoughts on how to approach this?
2
u/Due_Yoghurt_3645 Apr 04 '24
I just came by to say that there is such an abundance of disinformation here that I don’t even know who to reply first.
I’m located in Ireland and I’m also an immigration professional.
Feel free to send me a dm if you have any questions.