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Retirement Discussions / Retire Early CampFIRE
|Subject: Planning to Retire Oversees||Date: 2/16/2000 6:20 PM|
|Author: Anya||Number: 4091 of 709326|
Hello to everyone on my favorite board.
I am just at the threshold of investing with a vengence to facilitate an early escape from the "forced" workforce in 7-10 years (my spouse and I are both 32 now), if all goes well. We are seriously interested in setting up our new home base in rural France at that time. From reading the many posts on ex-patriate taxation of U.S. citizens, I was wondering if there is anything we can do now, from the beginning, to structure our assets in the most optimal way for a future abroad. We are open to anything at this point (just exploring), including giving up US citizenship and becoming French citizens (after we move there), or setting up a French bank or brokerage account or IBC now, and investing the funds through it. Would this have advantages to leaving the assets (LTBH stocks) in a US account and drawing from them while in France, or moving the whole thing to a French account upon relocating there?
Does anyone have any advice, or can you point me toward a good source for further reading? I know I'll need to hire a professional tax advisor eventually, but I want to learn all I can on my own first. Thanks!
By the way, the bulk of our investments will be in a taxable account, with a small amount in tax-deferred accounts.
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