Retiring Outside US

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date Retiring Outside US abby 02-16-2008  Re: Retiring Outside US Gil Faver 02-16-2008  Re: Retiring Outside US Chris Cowles 02-17-2008  Re: Retiring Outside US PeterL 02-17-2008  Re: Retiring Outside US Lon 02-17-2008  Re: Retiring Outside US Don 02-17-2008  Re: Retiring Outside US abby 02-19-2008
Posted by abby on February 16, 2008, 4:36 pm Hi, We are considering retiring outside the US with southern Spain or Italy the leading candidates. What additional financial planning considerations are there versus retiring in the US? How does that change if we are outside the US for only the cold months? Can someone recommend a financial planner in eastern Massachusetts familiar with foreign retirement? Thanks, Abby -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by Gil Faver on February 16, 2008, 6:39 pm > Hi, > > We are considering retiring outside the US with southern Spain or Italy > the leading candidates. What additional financial planning considerations > are there versus retiring in the US? How does that change if we are > outside the US for only the cold months? > Can someone recommend a financial planner in eastern Massachusetts > familiar with foreign retirement? Abby, I will watch this thread with interest. My question to you is: are you thinking it will be cheaper to live in Spain or Italy, or is this just a lifestyle choice? -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by Chris Cowles on February 17, 2008, 1:04 pm > What additional financial planning considerations are there versus > retiring in the US? The impact of currency fluctuations on your investment value might be considerable. You should diversify the denomination of your savings and investments to moderate those effects, just as you diversify the classification of those investment. -- Chris Cowles Gainesville, FL -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by PeterL on February 17, 2008, 2:25 pm > Hi, > > We are considering retiring outside the US with southern Spain > or Italy the leading candidates.  What additional financial planning > considerations are there versus retiring in the US?  How does that > change if we are outside the US for only the cold months?   > > Can someone recommend a financial planner in eastern > Massachusetts familiar with foreign retirement? > > Thanks, > Abby > I think at this time the most impact on your finances will be the value of the US dollar vs the Euro. You need also consider health coverage if you are on Medicare. -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by Lon on February 17, 2008, 2:25 pm Despite having been to Spain several times I can't address retiring in that country. Since retiring 17 years ago my wife and I have spent almost six months of each year in New Zealand. We choose to not live there longer for several reasons. One being the weather, California and New Zealand summers. Secondly, living there for more than 6 months would make us residents an thus require us to not only file U.S. Income Tax returns, but NZ as well. The NZ returns would have to include all U.S. Income and pay taxes on part of it with both countries giving a credit for Foreign Taxes Paid (don't want the hassle). The currency exchange rate has always been quite favorable to the U.S. dollar even with the current .78 cents US to the NZ Dollar. I liked it much better when it was .58 cents US to the NZ Dollar of a few years ago. We have some funds in a simple savings account with a large bank operating all over the Pacific that earns 8.2% (no FDIC) and we report the account and the interest on our US Tax return. Most of the info that you are seeking is available on the web by doing Google Search. For example. Spain Immigration, Residency, living in Spain etc. Good luck, Lon -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.