PREP Podcaster - ”Success Favours The PREPared Mind”
News:News Commentary
November 11, 2021 - Participants Include:
L.J. Eiben - Raymond James - @L_Eiben
John Richardson - @Expatriationlaw
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Mr. L.J. Eiben is a Financial Advisor at Raymond James.
The information in this podcast and contained in these slides 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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Social Security And Financial Planning:
Retirement pensions and Social Security are an important part of Financial planning. US Social Security and Canada Pension Plan are significant income sources for a high percentage of North Americans.
Therefore, it is essential that US citizens living in Canada (or anywhere outside the United States) be aware of US Social Security. What are the requirements to be eligible for US Social Security? How does the Social Security totalization agreement between Canada and the United States work? What about spousal benefits? (Did you know that the non-citizen spouse is eligible for Social Security based on marriage to a US citizen?) Survivor benefits? This is an extremely specialized area. Individuals need to be aware of Social Security benefits early!
For a primer on U.S. Social Security benefits click here.
Objective: Understand how Americans abroad can maximum their US Social Benefits for themselves and for their families.
US Croatia Proposed Tax Treaty Gives The US Taxing Rights Over Renounced US Citizens
About Loss OF Identity: What The Dodge Stratus Teaches US About Renouncing US Citizenship
Coach Coutts: Why Growing Up With A Sister Is Important PREParation For Life
Cross-posted from ”JohnAlanPod”: The American Way? U.S. Emigrants and Taxation part 2 - episode 198
The Decline Of The British Pound And Phantom Capital Gains For Americans In The UK
Update With Craig Swartz - Former Democrat Candidate For Ohio 5 - The Movement Continues
To Renounce Or Not To Renounce - What Are The Benefits Of Remaining a US Citizen?
Oral Arguments In Rost v. United States - Before United States Court of Appeals, Fifth Circuit - July 6, 2022
JohnAlanPod: Taxing Americans Who Live Overseas: UNFAIR? - ep.194 with my guests Keith Redmond and John Richardson
Supreme Court FBAR Hearing November 2, 2022: ALEXANDRU BITTNER, Petitioner, v. No. 21-1195 UNITED STATES, Respondent
The Supreme Court And Mr. FBAR - Should The Non-willful Penalty Be Limited To The Form? - Discussion with @JimmySextonLLM
Mr. FBAR Makes A Visit To The Supreme Court Of The United States - The Bittner Case - Discussion With Virginia La Torre Jeker
Former US Expat And Ohio Congressional Candidate Explains Why He Supports Residence Based Taxation
For Good And Evil: The Teaching Of Charles Adams Lesson 27 - Heavy Taxation Results In Decline
Why US Citizenship Tax And FATCA Hurt Resident Americans (Even Though They Don’t Know It)
For Good And Evil: The Teaching Of Charles Adams Lesson 26 - Taxation And The Erosion Of Liberty
Thoughts On: ”FATCA LEGISLATION AND ITS APPLICATION AT INTERNATIONAL AND EU LEVEL: - AN UPDATE
When ”Beneficial Ownership” Constitutes A Financial Interest And Triggers An FBAR Requirement
@MiAzhikwan - The Importance Of Love - The First Lesson
@MiAzhikwan - Choosing Forgiveness - The Eighth Lesson
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