Moving to France is often a dream for many, but it can complicate managing a US-based retirement plan. SJB Global provides expert services in this area, offering financial planning that addresses the unique taxation and legal issues faced by US citizens living in France. Their advisors are knowledgeable about the limitations of popular financial products in France, ensuring clients can effectively manage their investments across borders without falling victim to potential penalties.
"We provide financial planning to clients worldwide," explains Jake Barber, Principal of SJB Global. "We have expert advisers who specialize in managing your US retirement plan from France and can offer solutions to each of the challenges you'll face, from the practicalities of managing US based assets in France and dealing with double taxation and potential issues."
"There are taxation complications at play with an assurance vie," explains Jake Barber, "and many financial advisors simply don't have that specialist knowledge. If US citizens buy non-US-domiciled funds, these are classed as Passive Foreign Investment Company (PFIC), and any gains are taxed at a marginal rate, with a risk of additional penalties."
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