If you have worked in the United States, it is likely that you have paid into a US retirement account such as an IRA (Individual Retirement Arrangement) or a 401k (a company-sponsored retirement plan). The question is: once you give up US residency, what should be done with your retirement account from a tax standpoint? […]
Understanding foreign pensions can be difficult, especially when you already have to navigate the often-complicated US taxation process while living abroad! Whether you’re planning to retire overseas or move back to the US eventually, you should be aware of these facts regarding your foreign pension. Foreign Pensions and US Taxation: The Basics Over nine million […]
Many US citizens who work abroad return to the USA to live, and they bring with them savings accumulated in a foreign pension plan or superannuation account. If this is your situation you may be pondering that often-asked question: “What should I do with my foreign pension?” Here’s the expat tax advice you need! […]
If you are considering retiring abroad, one of your biggest concerns may be receiving your Social Security benefits–and rightfully so! David McKeegan, Co-Founder of Greenback Expat Tax Services, answers one veteran’s question about whether or not expats are eligible to receive Social Security benefits when living overseas. VIDEO TRANSCRIPT Hi, everybody. My name is David McKeegan. […]
Planning for retirement is something everyone should be thinking about, regardless of age – and if you’re a US expat, there are additional factors involved that you’ll need to consider related to your expatriate taxes. Fortunately, when it comes to retirement funds, there are a number of methods for saving money so you won’t have […]
FIRE for US expats: what does it mean? Well, for those who weren’t in the know already, FIRE stands for financial independence, retire early. Our advice below is aimed toward helping you avoid the mistakes that can make FIRE for US expats impossible. While there are numerous ways to maximize your financial savings as an […]
Many expat entrepreneurs are interested in the financially independent, retire early (FIRE) movement. The tips below can help FIRE for US expats become a reality. FIRE for US Expats Can Become a Reality We’ll begin with some strategies that you should consider if your situation allows. Consider a “Tax-Free” Roth IRA Conversion. In the past […]
Welcome to this edition of the weekly expat tax news roundup! This week we’re featuring information about tax for US citizens living abroad in Australia, what expats who are starting a business should know about self-employment taxes, and more. Self-Employment Taxes Made Simple If you’re an expat who has considered starting a business, read our […]
This past week has been a busy one for news at Greenback – let’s get started! 2018 US Expat Opinion Survey Last year, 62% of expats said they did not owe any taxes or they received a refund! Did you owe US taxes last year? Inquiring minds want to know. Take the 2018 US Expat […]
Welcome to your weekly expat tax news briefing. It’s been a big week for Greenback, and we can’t wait to share all the great news with you! Even if you are in the midst of filing US taxes, the news below is worth a read. FEM Announces Emma Shortlist The Forum for Expatriate Management (FEM) […]
