Greenback in the News
Feeling pinch back home, US retirees pursue the American Dream abroad
In a recent interview with CNBC, David McKeegan of Greenback Expat Tax Services provides insight on how the growing number of Americans retiring abroad must consider US income tax implications in order to protect their hard-earned retirement savings. He also addresses the implications of FATCA.
“A lot of banks are saying that requirements imposed by FATCA are too much of a hassle to deal with,” said McKeegan. “They’d rather just lose customers than have to do the reporting to the IRS.”