A new petition in Congress could mean hundreds of extra dollars per month for families that have lived and worked in the U.S. and Canada. The Social Security Fairness Act, a petition introduced in early 2023, is finally gaining momentum.…
Category: Retirement Planning
Is This The Best Medicare Plan For Canadians in the U.S.?
Dealing with health insurance in retirement is one of the trickiest planning areas our clients navigate. This video discusses Medicare and the best options for Cross-Border retirees in the U.S. In this video, we discuss: - The basics of Medicare…
Read More Is This The Best Medicare Plan For Canadians in the U.S.?
Cross-Border Account Withdrawal Stategy
One of the most challenging parts of cross-border planning is organizing your accounts. You have RRSPs and LIRAs in Canada. 401ks, IRAs, Roth IRAs, 403bs, and taxable brokerage accounts down here in the States, not to mention checking accounts in…
U.S. Spousal Social Security For Canadians
Did you know that you may be eligible to collect a Spousal Social Security benefit even if you have never worked or lived in the U.S.? Imagine never living in the United States but still collecting $1,400 monthly from Social…
Maximize Your Social Security When You Have a Canada Pension (CPP)
You are preparing for retirement, but a month before your Social Security begins, you discover your benefit will be reduced by hundreds of dollars per month because of your CPP. In this video, we discuss: - Qualifying for U.S. Social…
Read More Maximize Your Social Security When You Have a Canada Pension (CPP)
We Helped Save a Client $1,012,000 in Exit Taxes!
Are you planning on moving back to Canada from the U.S.? If so, you want to be aware of potential exit tax ramifications. This video details how we saved a client over $1,000,000 in potential exit taxes. We discuss: -…
OAS Income Clawback for U.S. Residents
Have you lived and worked in the U.S. and Canada and are now approaching retirement? Old Age Supplement (OAS) is one of the most misunderstood benefits for Canadians retiring in the U.S. Today, we clear up some misconceptions regarding OAS.…
The Worst U.S. State For a Canadian to Retire
This video discusses the U.S. states with the highest and lowest taxes on your Canadian benefits and account withdrawals. We talk about: The tax treatment of your CPP and OAS The states that will tax your CPP and OAS State…
3 Canadian Accounts to Avoid as a U.S. Resident
Most of our clients have an alphabet soup of retirement accounts. In Canada, they may have RRSPs, LIRAs, RESPs, Non-Registered accounts, and others. In the U.S., many will have IRAs, 401(k)s, Roth accounts, and brokerage accounts, to name a few.…
4 Medicare Mistakes to Avoid as a Cross-Border Retiree
Imagine that you are getting excited about turning 65 and finally going onto Medicare. Turning Medicare age may mean significant monthly medical premium payment savings for most. However, now imagine that you get a letter from Medicare that you will…
Read More 4 Medicare Mistakes to Avoid as a Cross-Border Retiree