Future Retirees Planning Retirement Abroad

You have a dream to retire abroad on beach in Italy, Spain or Costa Rica or in the mountains of Switzerland, Colombia or Peru!  After many years of working, earning, saving and investing you are starting to think about how to best prepare yourself for a new adventure.  Whether you are seeking a change in culture, food, pace, weather, learning new languages, etc.  you probably had not stopped to consider how a move might affect your tax situation.  We will help you simplify and stay compliant with any and all US tax obligations.   For our future expat retiree clients, we look at:

• FTC (Foreign Tax Credit) eligibility and applicability
• Breaking tax ties with your US state income tax
• Advise on the current year and expected ongoing FBAR and FATCA reporting requirements.
• Most advantageous retirement savings options
• Help locate and coordinate a tax professional(s) in foreign jurisdiction to understand your obligations