U.S. citizens have many reasons to move abroad, but retirement is an especially common time to consider broadening your horizons. Moving to another country can represent a great adventure or the fulfillment of a longstanding dream. Unfortunately, the financial planning associated with a long-term or permanent move can be complex.
In the season one finale of “Something Personal,” Certified Financial Planners™ and IRS Enrolled Agents Shomari Hearn and ReKeithen Miller sit down to discuss the many planning challenges and opportunities facing those splitting their time between countries or settling more permanently outside the U.S. In an extended talk with host Amy Laburda, they dive into tax challenges and reporting requirements; the pros and cons of relinquishing U.S. citizenship; how to make sure your estate planning intentions aren’t undermined by the laws of your country of residence; and much more. It may be more complicated than just daydreaming of the Tuscan countryside, but as Shomari and ReKeithen explain, making a plan for your move with the help of qualified professionals ensures your new chapter can be a rewarding one.
Thank you for joining us for season one of “Something Personal” from Palisades Hudson Financial Group! Keep an eye on this feed for news about season two, coming soon.

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