My wife and I are U.S. citizens and retired. We receive $6,000 per month from social security and pension. Our pension is drawn down from our IRA’s and savings and totals $460,000, or approximately a 4% drawdown rate per year. We also own a house with $300,000 in equity that we can sell. My question is, will the Italian government view our pension savings as a stable source of distributions going forward? Can we apply for Italian elective residency visas?
Answers
This should be fine, we have been told informally that Italian Consulates in the U.S. expect the applicant to show an income of 60,000 U.S. dollars per year, and the law indicates that you must add 20% for the spouse. Your income should be ok but take into account that ERV are suspended until Oct.15 and it is likely that the suspension shall be extended until early January.
This should be fine, we have been told informally that Italian Consulates in the U.S. expect the applicant to show an income of 60,000 U.S. dollars per year, and the law indicates that you must add 20% for the spouse. Your income should be ok but take into account that ERV are suspended until Oct.15 and it is likely that the suspension shall be extended until early January.
This should be fine, we have been told informally that Italian Consulates in the U.S. expect the applicant to show an income of 60,000 U.S. dollars per year, and the law indicates that you must add 20% for the spouse. Your income should be ok but take into account that ERV are suspended until Oct.15 and it is likely that the suspension shall be extended until early January.
