Tax Mitigation Archives

Moving to the Netherlands: How Social Security, RMDs, and Capital Gains Are Taxed

The Netherlands is a dream destination for many expats, offering a high standard of living, picturesque landscapes, and a strong social system. Whether you’re drawn by its vibrant cities like Amsterdam and Utrecht or the charm of its countryside, moving to the Netherlands requires careful financial planning. If you’re a U.S. citizen planning to retire […]

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Moving to Portugal: How Social Security, RMDs, and Capital Gains Are Taxed

Portugal has become one of the most popular destinations for retirees and expats, thanks to its stunning landscapes, warm climate, rich culture, and affordable cost of living. But before you pack your bags, it’s essential to understand how your income will be taxed once you become a resident of Portugal. The recent end of the

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Unlocking the Hidden Power of HSAs: A Smart Strategy for Retirement and Healthcare Savings

When it comes to preparing for retirement, most people think about building their 401(k), IRA, or other traditional retirement accounts. However, there’s a lesser-known savings tool that can be just as powerful—if not more so—when it comes to covering one of the biggest retirement expenses: healthcare. That tool is the Health Savings Account (HSA), and

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Should You Do Roth Conversions?

Roth conversions have become a popular strategy for individuals looking to optimize their retirement savings and reduce future tax burdens. However, the decision to convert traditional IRA assets to a Roth IRA isn’t always straightforward. It involves understanding the tax implications, timing, and specific rules like the pro-rata rule, which can complicate the process. In

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Inheriting an IRA: What You Need to Know to Make the Most of It

Inheriting an IRA can be a significant financial opportunity, but it also comes with its own set of rules and complexities. If you’ve recently inherited an IRA, you might be wondering what steps to take next. This blog post will walk you through the essentials of managing an inherited IRA, whether you’re a spouse or

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Roth 401k vs. Traditional 401k: Which One Is Right for Your Retirement?

Choosing between a Roth 401k and a Traditional 401k is one of the most important decisions you’ll make when planning for retirement. It’s not just about picking an account—it’s about aligning your choice with your long-term financial goals, tax strategy, and retirement vision. As a certified financial planner and founder of The Hourly Advisor, I’ve

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3 common Tax Mistakes Retirees make and How to Avoid Them

Top 3 Retiree Tax Mistakes and How to Avoid Them Retirement is a time when many people hope to relax and enjoy the fruits of their labor. However, it’s also a period that requires careful financial management, especially when it comes to taxes. Even a small mistake can lead to significant financial losses, reducing the

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