Tom Zachystal is President of International Asset Management providing financial planning and investment advice for Americans living abroad. Moving abroad is popular these days. Whether you’re relocating for a better retirement, a quest for adventure or the opportunity to travel while working remotely, it’s important to understand that the financial implications for Americans moving abroad can be significant.
Challenges related to banking, investments, retirement plans, U.S. and foreign taxes, and transferring money internationally stem from both U.S. and foreign regulations. Here we’ll discuss several financial issues that Americans planning to move abroad should consider.