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What’s More Important, Your Pension Plans or Your Next New Car?

“As a nation we are not spending enough time thinking about this and how we want to use our pension. This is true both before and in retirement,” commented Emma Byron of Legal & General Retail Retirement.

This information is perhaps even more worrying when you consider that since the government’s pension reforms were put in place people have been able to affect their pension arrangements by being able to make lump-sum withdrawals and through investing choices such transferring funds to a SIPP or QROPS.

Without proper consideration and trustworthy advice, this could be devastating for future financial security and has seen some retirement savers lose out or be duped by fraudsters.

Pension and Retirement Planning for Expats in the US

For an expat living and working in the US the idea that someone could spend less than a week planning their pension and retirement income sounds preposterous.

Expats frequently find that pension planning for US non-residents – including IRA contributions, cross-border tax complications, and IRS rules and penalties – is a dizzyingly complex task; whilst recognising and fulfilling your obligations as a non-resident alien or a dual citizen adds another layer of complexity.

It goes without saying that the advice of an expert is necessary in these regards. Yet at the same time advice is frequently thin on the ground for UK expats in the US. Fortunately, Blacktower (US) LLC marries a 30-year heritage, expert advice and a distinctly British flavour for its wealth management clients in the US. For more information about how you could discover the Blacktower benefit, contact us today.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Investment advice and investment advisory services offered and provided through Blacktower Financial Management US, LLC. This communication is for informational purposes only based on our understanding of current legislation and practices which are subject to change and are not intended to constitute, and should not be construed as, investment advice, tax advice, tax recommendations, investment recommendations or investment research. You should seek advice from a professional before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

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Move Abroad for Your Retirement?

Retirement planning for most is about ensuring that we are safe, secure, happy and, hopefully, free of financial worries in our later years, while for some it is also about providing a legacy for heirs, whether family, friends or charity.

But in the United States achieving these goals is notoriously difficult. Not only do US citizens have to worry about the cost of healthcare, they also have to deal with a demanding Internal Revenue Service that can sometimes seem to undermine their goals.

It’s little wonder then that many of the most enterprising and adventurous Americans choose to retire abroad. Not only can such a move be a rewarding new chapter in people’s lives, it can also offer practical financial benefit – for example, access to free or affordable healthcare and a wealth of investment opportunity, especially in regard to pensions. It can also improve health in other ways as countries like Spain, Portugal, Italy, Japan and the Nordic and West African nations all have national diets that are proven to be very healthy – by contrast the US ranks last among industrialised nations in terms of the healthiness of its diet.

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