Moving to Europe? Before you pack your bags, make sure your finances are ready.
In this episode of Gimme Some Truth, Nate, Stan, and Syl break down the most common — and costly — financial mistakes Americans make when moving abroad. From mishandling US retirement accounts to holding the wrong investments in a foreign country, these errors can cost you thousands in unnecessary taxes and penalties.
Whether you're planning a move to France, Germany, the Netherlands, or anywhere in the EU, this video covers what you need to know about 529 plans, IRAs, 401(k)s, TSP rollovers, tax treaties, and building a portable investment portfolio.
🔑 Key topics covered:
— Why you need to talk to a financial advisor BEFORE you move
— How 529 plans and custodial accounts create problems overseas
— IRA and 401(k) rollover strategies for expats
— Country-by-country tax rules across Europe
— The TSP rollover trap (and the major tax savings opportunity most people miss)
— How to choose the right advisor for an international move
📌 Chapters:
- 0:00 – Introduction & Overview
- 0:27 – Why Timing Matters: Contact an Advisor Before You Move
- 1:32 – Three Categories of Common Mistakes
- 2:27 – US-Specific Account Structures: 529 Plans & Custodial Accounts
- 5:34 – Why 529 Plans Are a Problem in Europe
- 7:47 – IRAs, 401(k)s & Retirement Account Rollovers
- 9:27 – Country-by-Country Tax Rules in Europe
- 11:14 – Tax Treaties & Government Pension Plans
- 14:39 – The TSP Rollover Trap: A Major Tax Savings Opportunity
- 16:31 – Investment Holdings & Portability of Portfolios
- 18:03 – Choosing the Right Advisor for International Moves
- 20:23 – Disclaimers
📩 Thinking about moving abroad? Reach out to Walkner Condon for guidance on your specific situation.
#MovingToEurope #AmericanExpat #ExpatFinance #ExpatTaxes #401k #IRA #TSP #529Plan #InternationalTax #FinancialPlanning #ExpatLife #movingabroad
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🌐 Learn More About Walkner Condon Financial Advisors:
Visit: https://walknercondon.com
🌍 Are You a U.S. Expat?
We specialize in financial planning for Americans abroad:
Explore our dedicated expat site: https://usexpatinvesting.com
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