Social Security
- Christine Funke
- Banking and Financial Services
IRS: Social SecurityTax Consequences of Working Abroad
What if Someone Dies Owning an Undeclared Financial Account? What Should Heirs Do?
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US Issues News
Foreign Retirement Accounts & IGAs
- Christine Funke
- Banking and Financial Services
Unfortunately the US continues to tax many savings vehicles used by foreign retirement accounts disadvantageously (PFIC rules). We are working on raising awareness of this unfair practice in Washington. In some of the recently negotiated Intergovernmental Agreements, like in Switzerland, many foreign retirement programs are exempted from FATCA reporting. In some, but not all, countries some form of similar treatment...
Read more: Foreign Retirement Accounts & IGAs
Retirement Issues & Links
- Christine Funke
- Banking and Financial Services
Retirement planning while living abroad is never easy but it's very important! Here are some links to get you started. And please remember some of the information below is country specific.
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US Tax Guide for Americans Retiring Abroad PDF: 10 things every retiree needs to know about Social Security, investments, insurance and cost-saving deductions, credits and exclusions
Basic...
Mutual Funds
- Christine Funke
- Banking and Financial Services
Thun Financial Services advises Why Americans Should Never, Ever Own Shares in a Non-US Incorporated Mutual Fund PDF (128 KB)
Basic Information & Strategy
- Christine Funke
- Banking and Financial Services
Not sure where to start? Let us help! Below are some great resources with basic information, suggestions and tips for working on your financial strategy. They are all from outside consultants so all links will take you to their websites and information.
A Financial Guide For the American Expatriate
Timberchase Financial, includes a handy PDF guide
Financial Planning - Current Issues
- Christine Funke
- Banking and Financial Services
It's never too late to start making big or small financial decisions regarding your future. Check out the resources below to get going.
US Tax Guide for Americans Retiring Abroad PDF by Green Back Tax Services
Post Financial Cliff Financial & Tax Planning for Overseas Americans in Switzerland PDF (27 KB) but informative for Americans everywhere!