September 3, 2008
Retirement planning for American expats?
rambling vine asked:
When Americans live in other countries (and work for foreign companies), what do they do for retirement planning?
The U.S. has tax treaties with many countries that avoid double taxation on incomes up to (about) $80,000, so assume it is one of those tax treaty countries.
Coleman
When Americans live in other countries (and work for foreign companies), what do they do for retirement planning?
The U.S. has tax treaties with many countries that avoid double taxation on incomes up to (about) $80,000, so assume it is one of those tax treaty countries.
Coleman
Comments on Retirement planning for American expats?
It gets complicated - fast. Get professional help as it varies by country. For example, in the UK, you can be subject to double taxation by the British gov’t and the US gov’t depending on how long you are in the UK. One of my friends in London got snagged by this rule recently. Get a CPA and/or Financial Planner who has experience with the country you are in and the impact on your US situation so that you can plan for retirement while factoring in the location-specific considerations.