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- Federal Tax Return Preparation
- State Tax Return Preparation
- Late Tax Return Preparation
- Foreign Bank Account Reporting
- Foreign Account Tax Compliance Act Reporting
- Small Business Tax Return Preparation
- Streamlined Filing Package
- UK Self-Assessment Tax Return
- Canadian Tax Return Preparation
- Additional Expat Tax Services
- Consultations
How should an American expat plan for retirement?
Like Social Security in the US, many countries have mandatory retirement savings programs that you must pay into as an employee. This is an area where you will need to plan ahead. Investing in the currency in which you plan to retire is advisable. If you plan on retiring in the United States, you may wish to keep paying into Social Security and open US-based retirement accounts. If you plan on retiring abroad, you may want to open a retirement savings account in that country, but be aware of filing requirements for financial accounts abroad – including the FBAR and FATCA/Form 8938. US taxes can have a seriously detrimental impact on your retirement savings, especially if investing overseas, as some local country savings plans are not treated as retirement plans by the IRS. We recommend that you speak to an expat tax adviser regarding your specific retirement planning options and how your US expat taxes will be impacted.
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Articles in this section
- How did the Tax Cuts and Jobs Act of 2017 affect expats?
- If a superannuation account is not considered a retirement account by the IRS, then a withdrawal from it should therefore not be considered a distribution, right?
- What is the best property ownership structure for my rental property or real estate investment?
- Can my non-US spouse receive my Social Security benefits?
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