Tax Management in Middle Retirement (Phase 2)

This is Part 3b of our Retirement Withdrawal Strategies series. Quick summary so far: Part 1: When can you access your retirement savings? Part 2: How to avoid paying US and UK tax again (or at least minimize them) Part 3a: Putting it together in Early Retirement Today, we’ll look at “Middle Retirement” or Phase

Putting it Together: Tax Management in Early Retirement (Phase 1)

This is Part 3a of our Retirement Withdrawal Strategies series. In Part 1, we looked at when you can actually access your retirement savings, dividing retirement roughly into three phases: In Part 2, we explored the tax-free buckets that you can use so you never pay US or UK tax again (or at least keep

RMDs vs Lifetime Allowance – Which Alligator Should You Focus On?

Fair warning: this post is for people who have reason to be concerned about both RMDs and the Lifetime Allowance. If you don’t have a Traditional 401k/IRA/etc. balance or you have no concerns about exceeding the LTA, you can skip on past – just focus on the one that affects you. Also – this one

Managing the Lifetime Allowance

We learned a little bit about the Lifetime Allowance in my post on UK Pension Withdrawal Options – mostly by pointing to the excellent Monevator post on the topic. Today, we’ll dig a little bit deeper, to see how we might avoid paying HRMC an extra 25% of our hard earned savings. I’m going to

UK Pension Withdrawal Options

Continuing with our interlude from the Withdrawal Strategies series – this is the second of three posts: Required Minimum Distributions from Traditional IRA, 401(k), etc. and how to manage them UK Pension withdrawal options Managing the Lifetime Allowance (I added this one because it was going to be too long to fit in the others!)

How I Learned to Stop Worrying and Defuse the RMD Bomb

Time for a quick pause in my bigger Withdrawal Strategies series – there’s a few detailed topics we need to get to before we can get to Part 3, combining when you get access to accounts with how to minimize your taxes and get to your money. Before Part 3 will make sense, I’m going

Retirement Withdrawal Strategies – Part 1

I’ve been thinking about this one for a while, trying to find a way to make it simple and straightforward. There’s already some great work out there on withdrawal strategies, including from GoCurryCracker and the Mad Fientist/JL Collins, but they’re specific to Americans in the US. You could work out a similarly simple approach for

US & UK Tax on Traditional to Roth Conversions

I’m working on a series of posts about retirement withdrawal strategies and managing US and UK taxes in retirement, and I keep drafting a comment that “I’ll do a post on Roth conversions in the future” – I’m just going to do it now 🙂 There’s already a lot out there about a Roth Conversion

Intro to Buying a House in the UK

This post is a quick guide on purchasing a primary residence in the UK, focusing on the issues that are specific to US citizens living in the UK. I’m not going to cover second homes, buy-to-let, US properties, etc., nor will I go through the details of the UK homebuying process that aren’t unique to

Intro to US & UK Inheritance Taxes

Cross-border estate and gift tax planning is extremely complex. The intent of this post is really to give you some background information so that you can walk into a meeting with an estate planning professional knowing the basics of the systems, not to give you enough knowledge to do it yourself! Estate planning is not