Retire Without Borders: An Expat Primer

Retirement Answer Man

Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Lifeplanning, Retirementplanning, Financialplanning, Saving, Careerplanning, Self-improvement, Education, Retirementpodcast, Investing, Business, Investmentmanagement, Retirement

4.7 • 1.1K Ratings

🗓️ 21 August 2024

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Have you ever thought about retiring abroad? It seems like a fun adventure, but how do you begin?

On this episode of Retirement Answer Man, expat expert, Jane Mepham from Elgon Financial Advisors, joins me to discuss the financial and nonfinancial considerations of moving abroad in retirement. Press play to learn whether retiring abroad would be right for you.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

RETIRING AS AN EXPAT

[3:46] What is the attraction of retiring to another country?
[6:18] How to explore whether retiring abroad is right for you
[12:01] Should you buy or rent?
[14:54] How do you navigate your finances?
[22:04] What other considerations should you think about?

LISTENER QUESTIONS

[37:09] Is it worth selling investments and incurring significant taxes to change firms to reduce fees?
[46:03] How to plan retirement without using the 4% rule
[52:25] Where to put your contingency fund

TODAY’S SMART SPRINT SEGMENT

[58:08] Examine the advice you’re getting and your process

Resources Mentioned In This Episode

Elgon Financial Advisors

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney

Roger’s Retirement Learning Center

Transcript

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0:00.0	The show is a proud member of the retirement podcast network.
0:04.0	Welcome to the show dedicated to helping you not just survive retirement,
0:07.4	but to have the confidence because you're doing the work
0:10.2	to really lean in and rock it.
0:12.2	My name is Roger Whitney by By day I'm a practicing retirement
0:15.2	planner with 30 years experience, founder of agile retirement management. And for the last 10 years or so,
0:21.2	I've been hanging out here with you working on how to do retirement
0:26.0	planning right.
0:27.0	So today on the show, we're going to have a primer on living an exp-pat retirement.
0:33.5	What are some of the drivers to retire overseas
0:37.8	and what are things that you need to consider
0:40.1	from a financial and a non-financial perspective.
0:43.7	And to help us is going to be Jane, we'll introduce her when she comes on,
0:47.0	who is an expat herself, migrated to the United States in college and has lived here for a number of years and established a life.
0:55.5	She works with expats coming into the U.S. but she also works with people that are retiring
1:01.3	are going to live overseas.
1:03.8	She's a wonderful lady and we're going to have her on to talk about some of the aspects of that.
1:08.5	In addition to that, we're going to answer some of your questions.
1:10.5	I got an email from a listener via our six-shot Saturday email.
1:14.6	I love that people can just reply to that and they are looking to move to
1:19.0	Fidelity from a major brokerage firm and Fidelity is recommending that they liquidate their entire after-tax investment account in order to invest in
1:28.0	in Fidelity Index Funds, which is going to cause them to realize like 260,000 in gains,
	...

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