ChooseFI | Financial Independence Podcast8 Jun 2020

217 | How to save thousands in Taxes using Geo-arbitrage

American expats face the only other major tax system in the world that taxes citizens on worldwide income no matter where they live—putting them alongside Eritrea. Most never learn how to use this to their advantage. Brad and Jonathan explore the expat path to financial independence with David McKeegan, founder of Greenback Tax Services, covering tax strategies, geo-arbitrage opportunities, and the investment roadblocks facing Americans abroad. With nearly 5,000 members in the ChooseFI expat community, this path represents a significant—and often misunderstood—route to FI. Introduction to Expat Path to FI [00:00:40] The ChooseFI expat group has grown to nearly 5,000 members, indicating strong interest in this topic. The episode explores the benefits and challenges faced by expatriates pursuing financial independence. David McKeegan's Background [00:03:08] David shares his journey from New York to becoming an entrepreneur in tax services for expats, emphasizing location independence. Tax Strategies: Foreign Tax Credit vs. Exclusion [00:07:27] The foreign tax credit reduces taxable income based on taxes paid to foreign governments, while the foreign earned income exclusion allows expats to exclude a certain amount of their income from US taxation. These tools can be used strategically, but not on the same income. Capital Gains Harvesting for Expats [00:21:11] Capital gains harvesting allows expats to minimize taxes on investment gains. Through careful income planning, it's possible to achieve a 0% capital gains tax rate. Navigating Investment Challenges [00:38:17] Foreign banking regulations and FATCA create difficulties for expats maintaining normal financial lives. Discussion includes recommendations for investing through US accounts and banking options available to expats. The ChooseFI Expat Community [00:33:03] Community and shared resources play a crucial role for expats navigating financial independence. Resources: Greenback Tax Services [00:47:22] Episode 018: Capital Gains: Understanding Tax Strategies [00:31:03] ▶ Listen Next: Ep. 219 — I'm laid off...now what? | Essential Listening

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(692)

609 | How to Talk to Your Partner about FI | Jasper Lee

Your spouse shoots down every FI conversation with "we can't afford it" or "retirement at 35 sounds crazy." You respond with better spreadsheets, tighter logic, more compelling numbers—and somehow mak...

27 Jul 59min

608 | Die With Zero, Revisited

Brad Barrett's daughter just graduated high school. She's heading to college in a few months. The number of times he'll see her for the rest of his life? Already countable. This realization—visceral a...

20 Jul 1h 13min

607 | Other Mountains I Want to Climb | Diania Merriam

Reaching financial independence is supposed to be the goal—but what if you get there and realize the real skill isn't earning or saving, but learning to spend? And what if the metric for business succ...

13 Jul 1h 21min

606 | Deep Dive: Target-Date Retirement and Bond Funds | Cody Garrett

Most investors think they're buying the same thing when they choose a target date fund—but two people who bought 2025 target date funds 15 years ago could have 40% different returns today. Same target...

6 Jul 1h 8min

605 | Retire in Less Than 10 Years

At 21, Cody Berman appeared on ChooseFI as a college student discovering financial independence. Three years later, he retired at 26. Now 30 with a $5 million net worth, he's back to reveal exactly ho...

29 Jun 1h 7min

604 | Getting Personal With Personal Finance: Bill Yount

Bill Yount reached financial independence at 60—then froze. His financial advisor confirmed 100% security, yet instead of relief, he felt disoriented fog. The emergency medicine physician who transfor...

22 Jun 1h

603 | Crash Proof: The Science Of Stock Market Resilience | Brian Feroldi

The stock market crashes about once every three years—at least a 20% drop. Most investors panic and sell. But if you understood why markets always recover, you'd do the opposite. Brian Feroldi reveals...

15 Jun 51min

602 | FI 201 Beyond FI Basics: Asset Allocation & Market Psychology Mastery

Most investors lose to the market because they're trying to pick winners in a game where only 4% of stocks have created 100% of market wealth over the past century. The math isn't in your favor—but th...

8 Jun 1h 1min