Americans Love Retiring Abroad

Retiring abroad has never been more popular, thanks to the perceived benefits of a better climate and quality of life, not to mention a healthy sense of late life adventure.

Retirement Abroad Tax Information

One possible downside to retirement abroad is that all Americans have to file a US taxes every year, even expats, meaning that tax planning is an essential part of overall planning for retiring overseas.

Best Countries for Expats to Retire Overseas in 2021

Best Countries for Expats to Retire Overseas in 2021

Retirement abroad is more popular than ever, as the world has become more connected online, making managing finances and keeping in touch with family and friends from abroad easier. The desire to travel meanwhile has been amplified by the pandemic. The top considerations when considering where to retire overseas are cost of living, healthcare, quality […]

Retire Abroad US Tax Guide

Retire Abroad US Tax Guide

Over a million Americans have retired abroad, and millions more aspire to. The most common benefits include a better climate, affordable healthcare, and a better standard of living on retirement income. The most popular destination for Americans retiring abroad is Mexico, due to the twin appeals of its proximity and affordability. Many folks move there […]

US Taxation of Foreign Retirement Accounts for Expats

US Taxation of Foreign Retirement Accounts for Expats

Nine million Americans live abroad, and expats employed by foreign firms in particular, often have foreign retirement accounts. Because the US tax system is based on citizenship, all US citizens, including expats, have to file a tax return to the IRS every year, reporting their worldwide income and assets. Foreign retirement plans often have tax benefits […]

Reporting Foreign Real Estate and Rental Income to the IRS

Expat Reporting Foreign Real Estate Rental Income

Many of the 9 million Americans who live overseas have settled abroad permanently, perhaps because they have retired abroad, married a foreigner, or fallen in love with a particular place. Many of these long-term expats purchase foreign real estate, either to live in, or as an investment to provide them with rental income. All American […]

Top Tax Strategies for Americans Who Would Like to Retire Abroad

Expats want to retire abroad

With Winter, thoughts perhaps turn more often to the idea of retirement in a sunnier climate. There are lots of other good reasons for Americans to retire abroad too, such as a better quality of life, more affordable healthcare, and the opportunity to explore another culture. One important consideration for Americans who would like to […]

Foreign Pensions and US Taxes – What You Need to Know

retired expat with foreign pension

Americans living abroad participate in foreign pension plans for a variety of reasons. They may have settled abroad permanently; a plan may be included in compensation as part of a work assignment abroad; or they may be a dual US/foreign citizen who has always lived abroad. As all American citizens and green card holders are […]

Thinking about Retiring Abroad? Existing Estate Plans May Not Travel Well

retire abroad with estate plan

(This article was provided by Thun Financial Advisors, specializing in financial advice and portfolio management for Americans living overseas). Retirement abroad has never been as popular as it is now. Longer, more active retirement years have been one reason American seniors are increasingly being enticed to retire abroad. Financial considerations have also become a compelling […]

International Inheritance Tax Considerations for US Expats

expat paying international inheritance tax

Expats are required to file US taxes wherever in the world they live, reporting their worldwide income.   While the tax treaties that the US has with around 100 other countries don’t mitigate this requirement, when expats file they are able to claim a number of exemptions such as the Foreign Tax Credit and the […]