Retiring Abroad? 4 Tax Implications You Should Know About Before You Go
Retiring abroad is a dream for lots of people, and rightly so. The world is a vast, beautiful place, so why not spend your well-earned retirement wherever you see fit?
With all the good things that can come from living abroad, it's important to know that your tax situation could become more complex if you decide to retire abroad, mainly because you'll be dealing with U.S. tax laws and the tax laws of your new country of residence.
As a U.S. citizen, you're subjected to U.S. tax laws regardless of your country of residence. This is called citizen-based taxation, and the U.S. is one of two countries to follow this policy. Outside of that, here are four tax implications you should know about for retiring abroad.
Source Fool.com
