The obligation of financial/retirement planning is difficult for #Americansabroad in a #FATCA, #FBAR and #PFIC world. AmeriPREP provides education and options.
.@AXFNews#Podcast with #expat financial planner Jimmy Miller of "Baobab Wealth". Great breakdown of:
1. Tax me now - basic brokerage account
2. Tax me later - U.S. Traditional IRA or CDN RRSP
3. Tax me never - U.S. ROTH IRA or 401K - CDN TFSA - UK ISA
https://t.co/f2ulJHOfo7
Update on eliminating @citizenshiptax: Discussion with @MyLatinLife about the @RepOverseastax proposal. Comment from Youtube: "He didn't even mention the "R" word. It's the final solution -- the only solution." https://t.co/w90W046epv
The WEP reduces benefits for some workers who receive pensions from jobs in which they were not required to pay Social Security taxes. - https://t.co/8Gh88XX3sH
In retirement ‘every day is a weekend’ and why deferring CPP until age 70 may no longer always be the best option /via @globeandmail https://t.co/elsMWAXGLQ
One more reason why US citizens in Canada and other countries may want to consider renouncing US citizenship ASAP. As the CDN $ falls relative to USD more CDN $ needed to equal 2 million USD which means fewer covered expatriates!! https://t.co/b4UV8JE6xH
Feeling trapped by debt? With patience and a plan of attack, repaying loans and achieving your family goals is possible.
Find out how you can do both by working with an MD Advisor. https://t.co/Y6M8ZTlW24
Should retirees defer OAS pension payments until age 70? That depends if you think inflation is here to stay /via @globeandmail https://t.co/2Z6tgnhTqU
Canadians built up a stash of savings during the early months of the pandemic but now, households are watching that savings stockpile be eroded by inflation.
@jason_kirby reports:
https://t.co/Watm8B3rxQ