You might also want to consider that the 4% SWR studies assumed a 30-year retirement period. Unless you have good reason to suspect that you will not be around after age 83 (53+30), 4% may be high.
I would also consider inflation in your plans. That can be more difficult with an ex-pat retirement since the inflation-protected choices are pretty much tied to the US Dollar -- where inflation may be less or more than where you chose to live.
Also remember that US Citizens are still required to file an pay US income taxes regardless of where they live on this planet. Other countries may have additional requirements, and how they treat income or withdrawals from a US retirement account may not align with the treatment here. Tax treaties may or may not be your friend -- all this to say that you may have additional taxes to plan for. IOW, you should probably do some research around specific choices of foreign domicile.
You really need to know how to handle these issues first, then determine an investment and withdrawal strategy.
I would also consider inflation in your plans. That can be more difficult with an ex-pat retirement since the inflation-protected choices are pretty much tied to the US Dollar -- where inflation may be less or more than where you chose to live.
Also remember that US Citizens are still required to file an pay US income taxes regardless of where they live on this planet. Other countries may have additional requirements, and how they treat income or withdrawals from a US retirement account may not align with the treatment here. Tax treaties may or may not be your friend -- all this to say that you may have additional taxes to plan for. IOW, you should probably do some research around specific choices of foreign domicile.
You really need to know how to handle these issues first, then determine an investment and withdrawal strategy.
Statistics: Posted by GAAP — Fri Jan 10, 2025 5:24 pm — Replies 4 — Views 198