Let's Chat Finances: Moving to Europe from Palm Springs

Let's be frank: There are a lot of reasons Americans might be thinking about moving to Europe these days.

And if you're in the research phase, you probably already know that you need a visa to move.

But what about the financial planning component?

Depending on where you want to move, there are very different financial potholes to be aware of.

For example, did you know that if you become a Portuguese tax resident while still holding a 401(k), you could be liable for up to 48% taxes on the Portuguese side if you take distributions?

While this might seem unfair considering the work you've done to carefully stock away funds for later, the fact is that cross-border financial planning is often essential for those who wish to transition to life in Europe without triggering expensive financial missteps.

We use Portugal as an example because it's an increasingly popular country for Americans moving from warm-weather places.

But, despite the example, if you have your heart set on Portugal, there is a way to make that decision financially viable for you. The key is advance planning with cross-border financial professionals specializing in that jurisdiction.

On the other hand, if you're open to considering other countries such as Italy, Spain, or France, there are many opportunities to support your foray into "European living" and help it live up to the hype, rather than becoming a headache.

Not only can Alex support on the professional side, but he has endless empathy for the experience of moving one's live abroad -- he's done it almost a dozen times, and currently lives in Florence, Italy with his wife and two young children.

While most people only have to navigate the tax laws of the country they live in, Americans abroad face the additional challenge of complying with both local and US tax regulations. That’s where Liberty Atlantic Advisors come in.

We offer tailored financial and tax planning services designed to help clarify the best strategy for your situation and ease the sense of anxiety or confusion that often happens when trying to navigate cross-border regulations.

Our approach starts by reviewing your entire asset base, the Double Taxation Agreement (as applicable) between the US and your target country, your personal financial situation and goals to create a custom plan that supports your life and lifestyle for the long term.

Additionally, as a US-registered investment advisory firm, we are legally obligated to act in your best interests, ensuring that you receive personalized, transparent guidance.

• Americans who are ready to take concrete steps forward in their plan to move to Europe (e.g., you've narrowed down your location search or know where you want to move, you're researching job opportunities and visas and schools, where applicable)
• Americans who work and contribute to US retirement and savings accounts and want to plan for their distribution as a tax resident of a foreign country (e.g., minimize exposure to foreign taxes)
• Soon-to-be retirees planning to escape to Europe but who need to ensure their asset base is properly structured for their target country
• Individuals planning to move to Europe while retaining significant financial interests, investments, or assets in the US
• Business owners with US tax filing considerations seeking to optimize and plan for future growth while living a global lifestyle.

Date: Friday, March 17th.
Location: The Hive Coworking in Palm Springs, CA.
Registration: Schedule your free, 30-minute consultation between 9:00 AM - 6:00 PM. After registering, please plan to arrive at least five minutes prior to your scheduled meeting(s).

Learn more about us by visiting our website, libertyatlantic.com

MEET THE EXPERTS:

ALEX INGRIM - Originally from Alaska, and growing up in the Pacific Northwest, Alex has lived abroad, in various countries, for over 15 years. He has significant experience with the complications of living abroad as an American and has lived and worked in France, Canada, the UK, Italy, and Malta. As a result, Alex has a nuanced understanding of how the US financial system interacts with others, including the French, Italian, Spanish, Portuguese, and British systems.
Alex started his career in London, and previously specialized in investment analysis for large, international wealth management organizations. He focuses on building long-term relationships with Americans living in Europe and excels at holistically guiding them through the intricacies of cross-border financial planning.

Alex is based in Florence, Italy, where he resides with his wife and two sons.

Event Venue & Nearby Stays

The Hive Coworking, 1801 East Tahquitz Canyon Way, Palm Springs, United States