« what do they mean by rate of return in retirement planning work sheets? | Home | Are there any retirement plans not connected to the stock market? »
Retirement planning for American expats?
By Tom Dunn | July 1, 2006
rambling vine asked:
When Americans live in other countries (and work for foreign companies), what do they do for retirement planning?
The U.S. has tax treaties with many countries that avoid double taxation on incomes up to (about) $80,000, so assume it is one of those tax treaty countries.
Leo
When Americans live in other countries (and work for foreign companies), what do they do for retirement planning?
The U.S. has tax treaties with many countries that avoid double taxation on incomes up to (about) $80,000, so assume it is one of those tax treaty countries.
Leo
Topics: retirement planning |
July 2nd, 2006 at 4:41 am
It gets complicated - fast. Get professional help as it varies by country. For example, in the UK, you can be subject to double taxation by the British gov’t and the US gov’t depending on how long you are in the UK. One of my friends in London got snagged by this rule recently. Get a CPA and/or Financial Planner who has experience with the country you are in and the impact on your US situation so that you can plan for retirement while factoring in the location-specific considerations.