In this episode, I dive into the fundamentals of cross-border financial planning—a topic that’s becoming increasingly important for Americans living globally, investing internationally, or planning to retire abroad.
I share what cross-border planning really entails: managing income, assets, and obligations across multiple countries, all while staying compliant and minimizing tax exposure. It’s about protecting and growing your wealth, even as your life stretches across borders.
We cover who this kind of planning is for—whether you're a U.S. citizen living abroad, married to a non-U.S. spouse, or running a global business—and the common mistakes I see all the time, like failing to report foreign accounts under FBAR and FATCA, or investing in non-compliant foreign mutual funds (PFICs).
I also discuss how to approach global diversification without running afoul of U.S. regulations, and what to consider if you're planning to retire overseas—from healthcare access to currency planning to handling your U.S. retirement accounts from abroad.
Finally, I walk through how to get started with a solid cross-border financial plan: setting goals, inventorying your global assets and obligations, and finding professionals who understand both the U.S. and foreign financial systems.
Whether you’re just starting to think globally or already navigating life across borders, I hope this episode brings clarity and confidence to your journey. Let me know what resonates or if you have questions—I’m always happy to help.
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