American Expats are all too familiar with the ever tightening laws regarding their global wealth and tax reporting requirements. From Foreign Account Tax Compliance act (FACTA) to Foreign Bank Account Reporting (FBAR) and even restrictions on investments with the Passive Foreign Investment Companies (PFIC) tax laws.
It has been traditional financial advice to leave your 401 accounts and IRAs back in the United States due to heavy taxation on transfer and draw down, making it impractical to move them offshore, however for US expats living in Thailand there is a very strong international tax treaty with the US and Thailand which can be leveraged both securely and legally.
This solution comes with a great deal of flexibility for US Citizens in regards to both their investment options as well as tax efficient draw down strategies for a safe and secure retirement in Thailand.
