July 12, 2024
Navigating Foreign Pensions as a US Expat
Most foreign countries have pension plans that are offered to employees living and working in that country. These plans are to ensure that residents are saving for and set up for a successful retirement.
However, these plans become increasingly complex for US citizens or those with a US filing requirement, as the tax treatment can differ from the treatment in the resident country.
In this episode, we discuss the basics of these foreign pensions, how they can be treated in the US, and steps you should take to ensure they are properly reported.
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