In this webinar, John McNertney, CFP® GFP Fellow, Managing Partner, and Ryan Ahrens, CBDA®, CIO/Partner of Green Ocean Global Advisors, LLC reviewed the key considerations around completing a Roth conversion prior to establishing tax residency in Portugal and how cross-border tax rules can affect your retirement outcomes.
Some of the relevant issues that were addressed include:
- The fundamentals of Roth conversions — how they work, when they make sense, and potential advantages for long-term tax efficiency under any tax regime.
- How U.S.-Portugal tax treaties and residency rules impact taxation of IRA and Roth accounts.
- Timing considerations: why the year of your move may present unique opportunities (or challenges) for conversions.
- Common client questions, such as “Will Portugal tax my Roth withdrawals?” and “Should I wait until I’m abroad to convert?”.
- Coordinating conversion strategies with your broader cross-border financial plan including cash flow, investment alignment, and income needs.
We hope you enjoy!
