If you're ready to move abroad to work or retire, there are a few things to know, according to financial advisor Jude Boudreaux.
While a work permit for a local job can be challenging in some parts of Europe, moving abroad may be easier for Americans who are "self-sustaining" with remote work flexibility, Boudreaux explained.
As for retirees, he has worked with clients on "both sides of the political ledger" seeking more choices and flexibility in their golden years, depending on shifts in the U.S. political environment.from the U.S. Department of State."It's different to navigate the grocery store and health care treatments in a foreign language if you're not super proficient," he said.
While living abroad, you must pay annual U.S. income taxes on worldwide earnings, including your salary, business profits, investment income and more.
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