PREP Podcaster - ”Success Favours The PREPared Mind”
News:News Commentary
January 26, 2022 - Participants Include:
LJ Eiben - Raymond James - @L_Eiben
John Richardson - @Expatriationlaw
Mr. LJ Eiben first participated as a guest in November of 2021 when we discussed US Social Security for Americans abroad. Today he returns for a discussion about Canada Pension Plan and Old Age Security.
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Mr. LJ Eiben is a Financial Advisor at Raymond James.
The information in this podcast was obtained from sources RJA and believed to be reliable; however, we cannot represent that it is accurate or complete. It is provided as a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities. The views expressed are not necessarily those of Raymond James (USA) Ltd. Raymond James (USA) Ltd. (RJLU) advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered.
Raymond James (USA) Ltd. is a member of FINRA / SIPC
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Financial planning has become a necessity for all individuals and families. US citizens living outside the United States face particularly difficult hurdles. Much of this is the result of the requirement of filing taxes in both Canada and the United States. What one tax system gives, the other taxes. As a result, it is essential that US citizens receive specialized financial, investment, tax (and even life) advice. In general the receipt of US Social Security is NOT dependent on being a US citizen. Hence it is available to all individuals who "paid into the system" without regard to citizenship. It is available to Green Card holders returning home, US citizens living abroad and those who renounced US citizenship.
Raymond James as a "cross border platform" which means that (in general) it can hold US investments in Canada for Canadians.
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Canada Pension Plan And Financial Planning:
When it comes to Canada Pension Plan it's important to NOT leave money on the table. In this podcast Mr. Eiben gives his reasons for why it may make sense to delay receiving Canada Pension Plan to age 70 which will result in significantly higher payments. In addition, those higher payments will result in higher spousal/retirement benefits!
Renounce sooner! The Biden Victory suggests (1) more renunciants will be subject to the US exit tax and (2) the exit tax paid will be greater!
Valerie McCray 2: Discussion with @DrVMcCray2020 - @Independents Candidate For President Of The United States
Introducing @SEATNow_Org - A New Organization With The Singular Focus Of Ending US @CitizenshipTax
Born in the USA? Those who relinquished US citizenship under INA 349(a) are NOT eligible to vote in the November 3, 2020 US election
Interview with @RonanMcCrae 2: On The Nature Of Citizenship
Scaramucci 2: If they want the Expat Vote -They Need To Understand The FATCA Life!
In an election season, the parties want the vote of Americans abroad. But they don't care that they don't care about the issues that impact Americans abroad
Ronan McCrea Discusses Citizenship By Descent In Ireland: Do The Rules Make Sense In The Modern World?
China is NOT adopting citizenship-based taxation: Dr. Bernard Schneider of Queen Mary explains how tax residency is defined in China
The Reed Amendment: Q. Does Renunciation of US Citizenship Mean That You Will Be Barred From Entering The United States? A. Not likely
"Jenny" of FATCA UK Lawsuit Fame And Her Lawyer Filippo Noseda Discuss Why FATCA Conflicts With The GDPR
Dr. Valerie McCray - Independent Candidate For President Of The United States
Fourth Of July Interview with US born UK Author Claire Kendal about her newest book "I Spy" (with US citizen subplot)
John Richardson interviews "JR": Architect of the anti-FATCA petition to the EU Parliament: Why the FATCA lawsuits must be supported
Part 3: US Taxation of Nonresident aliens: How US IRAs and 401ks are taxed to nonresident aliens
Part 2: US Taxation of Nonresident aliens: How US Source Income May Affect Your Decision To Renounce US Citizenship
Part 1: US Taxation of Nonresident aliens: What is a nonresident alien? The taxation and witholding on FDAP and ECI income
Abandoning The Green Card: Careful the United States may hit you with a special "Exit Tax" on the way out and another possible tax to your heirs
US Tax Residency And the Green Card: Green Card holders are subject to US worldwide taxation even when they don't live in the USA and the Green Card has expired
Renounce US Citizenship: "Some" tax and immigration implications of transitioning from US citizen to nonresident alien
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