As some workers begin returning to the office this year, others have been offered the opportunity to work from home indefinitely. Twitter TWTR, -2.22%, Dropbox DBX, +0.04%, NerdWallet and many other tech companies will let employees go fully or nearly fully remote, freeing them from commutes and packed elevators.
1. Should you stay or should you go? If your job is remote, are you automatically a digital nomad? Not necessarily. In general, digital nomads have no specific home and bounce from one location to the next in search of cheap lodging and fast Wi-Fi. As a digital nomad myself, I can tell you most of us spend an un-Instagrammable amount of time in our parents’ house.One of the first things you should consider after your job becomes remote is where you want to live, and how often you want to travel.
2. What about taxes? They’re not the most exciting aspect of remote work, but taxes are an important and often overlooked consideration when deciding where and how to live. Local and state taxes differ so significantly that they can affect the cost of living in a particular area just as much as transportation or housing costs.
3. Can you live overseas? Living on the beach in Thailand has been the digital nomad dream for decades, but can you swing it? And do you want to? Plus, your job might not allow it. Make sure to check with your HR team before expatriating, as many companies require their employees to remain in certain countries for administrative reasons. Plus, it can be hard to work collaboratively when you’re 12 hours ahead of your co-workers.
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