Contact

News & Insights

Move Abroad for Your Retirement?

One great advantage to being American is that English is nowadays the lingua franca pretty much anywhere you go, and with 18.2% of Americans speaking Spanish as well, there are very few places Americans can’t go without being confident of their ability to communicate – although this is not to say that there is not rich reward to be enjoyed in learning to speak the native language of your expat retirement destination.

However, moving abroad is not a decision that is to be taken lightly. Not only should you thoroughly research your destination of choice, the type of visa you will require, the healthcare on offer and the expat community that exists there, you will also need to look into the full spectrum of expat wealth management considerations such as the pension and retirement planning vehicles, double taxation treaties with the United States and more. You will also have to consider reporting regulations in relation to your income – simply moving away from the US is not enough to negate your tax liability in the country.

Wealth Management for US Citizens Abroad and Expats in the US

All US citizens and residents, including NRA expats abroad, need to understand both their tax obligations in their country of residence and their country of domicile.

Blacktower (US) LLC provides clear and effective wealth management advice and services in this regard. For more information about us and how we may be able to help you effectively manage your wealth and retirement planning in the US contact us today..

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

The Fuss About FATCA and Financial Data Sharing

We recently reported on why it is likely that the Foreign Account Tax Compliance Act (FATCA) is likely to remain in place in the US in favour of the Common Reporting Standard, but pressure is mounting in a number of foreign jurisdictions for governments to act.

In France, a group of so-called ‘accidental Americans’, who are being asked by the IRS to pay tax on global income based on their citizenship alone, have already lobbied US Democrats and have now taken a discrimination lawsuit to the French court because they have been denied access to loans and banking services as a result of FATCA.

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information: