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How the U.S. Taxes Expats The U.S. tax system is almost unique in the world as it taxes based on citizenship. Every other country in the world except Eritrea taxes in one of three ways (although there are, of course, lots of minor variations on each). Being taxed based on citizenship means that all U.S. citizens are required to file U.S. taxes reporting their global income...
The Great Resignation Has Turned the Table on the Great Recession...And Proven the Value of Experience That Comes With Being 50+. Record numbers of people of have resigned from the traditional workforce. Having worked from home for most of two years now, they’re not willing to go back into offices or sacrifice the personal time they’ve come to value.
One of my all-time favorite real estate plays is to buy what I call “overlooked and unloved.” You find a property that’s undervalued; a half-finished villa, a large abandoned lot, an older home that’s dark and drab…and you get it for a steal. Then you clean it up, finish the building off or subdivide the lot and sell on for a big profit.
Let’s face it, all around the world our wallets are experiencing the pinch of inflation with rising costs for nearly everything. That is indeed the case in Costa Rica where I see my grocery bills up 25%, doubling rental rates, and pain at the pump. Retirement planners emphasize that you need to account for inflation when evaluating your nest egg.
So we had gone in to see our regular doctor. Her recommended course of action was bloodwork, X-rays, and an EKG, along with a consultation with a cardiologist. We didn’t hesitate. Blood was drawn, X-rays taken, and the EKG conducted right there in the office. At 12 years old, the patient had been to the doctor enough to be used to being poked and prodded…
“The outdoor life here is phenomenal,” says Canadian-born Maggi Jones. “Everybody goes out and does whatever they can. The weather is always good, and even if it’s not good, it is nothing like my experience of the Canadian winter.” When Maggi and her husband, Geoff Norris, arrived in sunny southern Spain 16 years ago, they already had a business plan...
As we entered Marrakech, its clean, modern thoroughfares and palm-lined streets made it feel as though we were driving through a sanitized suburb of Miami. Our guide, Hamza, welcomed us to the “Red City” (so named because of its proliferation of red clay buildings and ramparts), a cosmopolitan city whose first impressions completely blew our minds.
These new, sustainable trips are just as fun and relaxing as ever—but now we can travel with the knowledge that we are helping to contribute to the preservation of the places we visit and the future of the local Indigenous cultures, whose presence always contributes greatly to the special appeal of their environment.
Living or retiring abroad is the adventure of a lifetime. But it’s important to understand the tax rules that apply to you as an expat. So, here are 17 important things you need to know when filing your U.S. taxes as an expat.
In Ecuador’s third largest city, Cuenca, many expats are actively engaged in volunteering with various local charities. Below is an overview of the organizations that were kind enough to talk to me about their missions and current openings for volunteers: