PREP Podcaster - ”Success Favours The PREPared Mind”
News:News Commentary
December 2, 2021 - Participants Include:
Daniel Mazzola, CFA, CPA - American Portfolios
John Richardson - @Expatriationlaw
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The retirement planning opportunities offered by entitlement to US Social Security are enormous. US Social Security payments are comparatively larger than equivalent plans in many other countries (including Canada Pension Plan).
Furthermore, U.S. Social Security offers benefits to:
1. The spouse of the individual entitled to Social Security
2. The survivors of the individual entitled to Social Security
3. The former spouse(s) (if married ten or more years) of the individual entitled to Social Security
Furthermore, for the most part citizenship is irrelevant to Social Security entitlement.
This is my third podcast discussing US Social Security.
The first podcast with Virginia La Torre Jeker focussed on the continuing entitlement to Social Security after renunciation.
The second podcast with L.J. Eiben of Raymond James focussed on Social Security for Americans abroad generally (in Canada particularly).
This third podcast with Financial Consultant and planner Dan Mazzola focuses on how US Social Security benefits work on a more granular level and what I would call "derivative benefits" (entitlement to benefits based on your relationship to somebody else entitled to benefits. In addition, Dan explains why (regardless of what an actuary says) it is to your benefit to wait as long as possible (not later than age 70) before collecting Social Security. A very high percentage of people rely on Social Security for a significant portion of their retirement income.
As Dan says on his site, it's important to consider the:
Steve Hayes of FairTax.org: When It Comes To Taxation ”Simplicity Is Virtue” (And Moral)
Looking For Mr. FBAR - A New Sighting - ”exercised control over and had access to the account”
Meet Janine Seymour AKA MI’AZHIKWAN - Lawyer, Educator, Advocate and Mentor
Thinking About Getting A Green Card? What You Need To Know, But Didn’t Know To Ask
For Good And Evil: The Teaching Of Charles Adams Lesson 20
For Good And Evil: The Teaching Of Charles Adams Lesson 19
For Good And Evil: The Teaching Of Charles Adams Lesson 18
Rethinking Taxation: Continuing the The ”Fair Tax” Discussion With Jim Bennett and Steve Hayes
Biden Green Book Proposes Income Taxation Of Gifts And Bequests In Addition To Existing Estate and Gift Tax Regime
UK Non-dom Status: An Island Of Territorial Taxation In An Ocean Of Worldwide Taxation
Rishi Sunak’s wife Akshata Murty claim of UK non-dom status shines light on US citizenship tax
The Life And Times Of Andrew Grossman: US Citizenship - A ”Search For Proof” or A ”Search For Truth”?
Citizenship By Investment: Proud Of Its Past, But How Confident Of Its Future?
To Renounce Or Not To Renounce, That Is The Question - How To Make The Renunciation Decision
How The ”Fair Tax” Would End Tax Residency, Worldwide Income And Taxation Of Americans Abroad
For Good And Evil: The Teaching Of Charles Adams Lesson 15
For Good And Evil: The Teaching Of Charles Adams Lesson 14
A March Sighting Of Mr FBAR - Losing ”Trust” In A Trust
Americans Abroad Individual Advocacy - Meeting 1: February 25, 2022
In Mr. FBAR We ”Trust” (pun intended)
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