Expat Taxes 101: Will You Be Double-Taxed? (US Retirees Abroad) — with Michelle Miele | Queer Money Ep. 615

Navigating Expat Taxes: Insights for Dream Retirees Snagged a dream place in Puerto Vallarta or Mykonos… and now the IRS is at the door? Today we’re joined by expat tax expert Michelle Miele (Director of Paperwork) to decode how U.S. taxes work when you retire abroad. We cover Social Security, IRA/401(k)/Roth distributions, self-employment/online business income, countries with and without U.S. tax treaties, foreign tax credits, and common traps (like selling your U.S. home after you change tax residency). Three real-world scenarios—Mexico, Portugal, and Thailand—show you how this plays out. Key Takeaways: Filing ≠ owing. You’ll likely file in the U.S. even after moving, but credits/treaties can prevent double tax. Order matters: generally file where you live first, then the U.S., and use foreign tax credits to offset. Roth alert: some countries tax Roth distributions; plan timing and residency to protect withdrawals. Entity traps: your LLC/S-corp may be treated as a corporation abroad; confirm local treatment before you move. Real estate timing: if selling a U.S. primary home, sell while still a U.S. tax resident to preserve exclusions. Benefits trade-off: higher taxes in some countries may be offset by much lower healthcare and living costs. Related Queer Money Episodes: Ep 614 — Top 5 Cities for Gay Retirement in Taiwan Ep 610 — Best LGBTQ+ Retirement Cities in Greece Ep 607 — The $6,000 “Boomer Bonus” Deduction Strategies Ep 599 — Affordable Gay-Friendly Cities in Portugal Ep 542 — Gay Expats in Mexico: Pacific Coast Edition Chapters: 00:11 - Navigating Taxes as an Expat Retiree 03:51 - Understanding Tax Obligations for Expats 11:34 - Tax Implications of Living Abroad 14:10 - Tax Obligations for Expats: A Case Study 21:25 - Retirement Abroad: Tax Implications 28:09 - Planning for Retirement Abroad Mentioned in this episode: Your fabulous retirement in Portugal is calling! Ready to turn your IRA assets into a gateway to living in Europe? With the Optimize Portugal Golden Opportunities fund you can do just that. Join hundreds of other U.S. investors taking control of their retirement and using the assets they have to open doors to freedom. Click below to get your Portugal Golden Visa! Get Your Portugal Golden Visa Here! Make your retirement fabulous! Not sure if you can retire or when? Worried about how much you can safely spend without running out of money? We help you get clear answers and the systems to retire with confidence and peace of mind. Let's go! Queer Money Retirement Vault Get Your Portugal Golden Visa Here! Want the confidence to retire when and how you truly want? If you’re considering retirement abroad, or simply want a second & third set of eyes on your retirement plan, we help gay foks retire fabulously — wherever that may be. Our retirement mentorship can help you gain the confidence to say yes to retirement! Queer Money Retirement Mentorship