Financial Planning Essentials For Americans Living Overseas

Financial advisor Tom Zachystal joins the Expat Focus Podcast to break down what Americans need to think about financially before moving abroad. As President of International Asset Management — and an expat himself — Tom shares practical guidance based on decades of experience helping US citizens navigate life overseas.

Tom explains why Americans can never fully "leave" the US tax system, how citizenship-based taxation, FATCA, and FBAR reporting affect expats, and why many banks now hesitate to work with Americans living abroad. He also explores common banking challenges, transferring money internationally, and misconceptions around cash limits when crossing borders.

If you're an American planning an international move — whether for work, retirement, or lifestyle — this episode offers clear, experience-backed advice to help you avoid costly mistakes and plan with confidence.

#ExpatLife #AmericanExpats #MovingAbroad #USExpats #ExpatFinance #ExpatFocus

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⏱️ Timestamps

00:00 Introduction and Guest Welcome

00:49 Tom's Background and Expertise

02:18 Financial Steps for Americans Moving Abroad

03:09 Banking Challenges for US Expats

13:33 Understanding FATCA and FBAR

16:35 Health Insurance Considerations

23:09 Currency Fluctuations and Financial Planning

25:31 Emergency Liquidity and Financial Planning Apps

28:41 The Role of Financial Advisors

33:24 Conclusion and Contact Information

🎥 Video & Transcript

https://www.expatfocus.com/podcast/financial-planning-essentials-for-americans-living-overseas

📝 Show Notes

IAM Advisors – https://iamadvisors.com/

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