Answering Your Tough Questions
I’m ready to move, what changes with my investment strategy?
We will want to make sure to discuss:
Your investments, we will want to make sure they
don’t cause you any issues being PFICs (taxed at 37% instead of capital gains rates).
Are not UK non-reporting funds, which can be taxed as much as 45% if you are moving to the UK).
You can check your holdings here to see which ones we might want to investigate.
Since you probably can’t buy your favorite fund or ETF when you move, what will you replace it with?
Tax Planning will be critical as you navigate both the US and your new home country’s tax system. We will look into:
Tax Treaties
How does your new country tax and treat IRAs and Roth IRAs? Pension payouts?
Social Security totalization agreement (if you are still working).
Estate Planning will be critical as you will now likely have two estates, one here in the US if you have any US assets and one in your new country.
You Have Questions, We Have Answers and Guidence
When can I retire?
This is by far our #1 asked question. The truth is, it’s different for everyone.
We will want to make sure to discuss:
What is on your bucket list? We build your plan around your life.
Tax Planning opportunities and pitfalls to avoid: This might present an opportunity to do Roth conversions at a more favorable rate or realize capital gains at a better tax rate than what it would have been in your working years.
Your expected expenses in retirement.
Estate Planning: Do you want to leave anything behind? If so, how much? This is especially important for couples with larger age gaps.
Investment allocation: Are you too aggressive or too conservative? How will your investments change as you age? What is the goal for each account and how does it become part of the overall strategy?
