Skip to content
Sign inOpen the app
Passport To Wealth™

Cross-Border Investing: What Changes When US Expats Move Abroad

April 14 · 34 min · Season 3 · Episode 14 · 33.2 MB
0:00-34:41

Streams straight from the publisher. podnod never proxies or re-hosts episode audio.

Open in podnodTranscript

US investment accounts do not automatically follow a move abroad. Custodians have their own policies for international clients, and many of them are more restrictive than most people expect.

In this episode, Arielle Tucker, CFP®, EA sits down with Otto Rivera, EA, CFP®, founder of Mindful Wealth Planning and Emergent Tax Services. Otto spent years at Charles Schwab before becoming both an IRS Enrolled Agent and a CFP®, a combination that gives him a working view of custodial policy, tax law, and financial planning that most cross-border advisors cannot offer from a single seat.

Topics covered, include:

  • What actually changes for US investment accounts when moving abroad: custodian policies, mutual fund restrictions, and why ETF access may require an advisor
  • Financial accounts, custodians, and how to check for international coverage before a move
  • Multi-custodian access, the Schwab Italy exit, and finding advisors who can hold and invest in foreign currency
  • Emerging wealth vs. complex strategy: when adding layers makes sense and when it doesn't
  • Why US persons should keep account records and foreign address information current
  • Cross-border tax compliance: why withholding rules, PFICs, Roth conversions, IRA distributions, and ETF restrictions require specialized planning for US expats
  • Why working with a domestic US advisor after moving abroad can create problems at tax time
  • Cross-border divorce, ERISA retirement plans, and why a foreign decree is not enough

Resources

  • Find a vetted cross-border financial advisor or tax professional at passporttowealth.com/directory
  • Are you a qualified professional serving US expats in France or Europe? Apply to passporttowealth.com/join

Mentioned in this episode:

Stay up to date on what's happening globally....

Click here to subscribe to our newsletter

Passport to Wealth is a proud member of the SwissCast Network

Discover more podcasts for English-speaking Switzerland

SwissCast Network

Pre-order "The Expat Money Playbook"

Find your cross-border expert on the Passport To Wealth™ directory