Home
Podcasts
Expat Wealth - Cross-Border Financial Advice for Expats in America and Americans Abroad
Expat Wealth - Cross-Border Financial Advice for Expats in America and Americans Abroad
Expat Wealth is a podcast dedicated to helping US-connected expats and immigrants navigate the complex financial challenges of living across borders. Host Richard Taylor, a dual UK/US citizen and Chartered Financial Planner, explores topics such as tax compliance, investment planning, and estate strategies. Each week, he aims to help listeners avoid common financial landmines that threaten expat wealth. The show provides practical advice for Americans abroad and foreigners in the US seeking to protect their financial security.
Episodes
105. Cross Border, Cross Country: 1,000 Miles of RV Life as a British Expat in America
Moving to America is a big leap for any British expat. Moving to America and then towing your home across it in an RV is another thing entirely. One month and more than 1,000 miles into his cross-country adventure, Plan First Wealth's JB is back with his first report from the road.
In this Cross Border, Cross Country episode of Expat Wealth, Richard Taylor, Chartered Financial Planner and foun
104. NT Tax Code Rejections: Why HMRC Is Making Pension Relief Harder for Expats
For British expats in America drawing income from a UK pension, the NT tax code has long been a straightforward, if slow, way to avoid being taxed at source in the UK on income that should only be taxable in the US. But something appears to be changing at HMRC, and what was once a simple administrative process is becoming unpredictable, inconsistent, and in some cases, actively obstructed.
In th
103. The 3 Biggest Tax Mistakes British Expats Make in America
Every week, without exception, Richard and his team at Plan First Wealth review British expat's US tax returns and find something missing. Not occasionally, but every single time.
In this week’s episode of Ask an Expert, Richard lays out the three mistakes he sees most often after 11 years working with British expatriates across Americ
102. US Debt Warning, Yen Carry Trade Risk & Is AI Really a Bubble?
Brian Dunhill has stepped out for this episode, so Richard Taylor is joined by Dunhill analyst Kamaljit Somal for an unscripted breakdown of the forces moving global markets.
First up, the US bond market. Kam explains why rising long-term yields are making policymakers nervous, how higher borrowing costs feed through to mortgages, car loans and government finances, and w
101. Cross Border, Cross Country: Meet the British Financial Planner Taking on America
What does America look like through the eyes of a British financial planner who has just moved across the Atlantic?
In this episode of Expat Wealth, Richard Taylor introduces Cross Border, Cross Country: a new recurring format following Plan First Wealth’s newest team member, James “JB” Beck, as he travels across the US while making the transition from experienced UK financial planner to US-UK cr
100. The Next 100 Episodes: What We've Learned and Where We're Going
It's episode one hundred, and alongside the celebration (yes, there are balloons), Richard Taylor and James Boyle are using the milestone to take an honest look at where the show has been, where it went astray, and where it's headed next. The catalyst? A two-star Apple Podcasts review that, as Richard admits, is pretty fair.
In this From the Trenches episode of Expat Wealth, Richard and J
99. [Re-Release] Moving to Europe as an American: The Tax Mistakes That Can Cost You Dearly
This week's episode is a re-release of one of our most popular episodes, covering the US tax obligations, investment traps, and estate planning issues that catch American expats off guard when moving to Europe.
For Americans moving abroad, the dream of a new life in Europe can quickly become complicated by US tax rules, foreign reporting requirements, estate planning mismatches, and costly invest
98. Weak Dollar Policy, Oil Reserve Crisis & Why the Mag Seven Stumble Matters
Richard Taylor and Brian Dunhill are back with an unscripted breakdown of the forces driving global markets in August 2026.
First up, the Yen carry trade unravelling. Brian explains how the Trump administration quietly forced Japan to sell euros instead of US treasuries, what that reveals about a deliberate weak dollar policy, and why currency devaluation is now Washington's prefe
97. Tax Loss Harvesting for Expats: The Direct Indexing Upgrade Nobody Talks About
For many British expats in America, building wealth in a taxable brokerage account often means accepting that a meaningful chunk of returns will be lost to tax each year. But with the right tools, that erosion can be meaningfully reduced, and for those with sizable accounts, the savings can potentially be substantial.
In this From the Trenches episode of Expat Wealt
96. FBAR, PFICs & Penalty Stacking: The Real Cost of Getting US Tax Wrong as a Brit
Most UK-US cross-border tax advisors fall into one of two camps: UK-based specialists who understand British and US tax intimately but charge eye-watering fees, or US-based CPAs who know their side of the Atlantic but have insufficient grasp of the UK side of things. This episode explores what happens when British expats end up in the wrong camp, and why finding
95. Markets, Globalisation and Diversification: Are Investors Looking in the Wrong Place?
Richard and Brian are back for this week’s episode of Macro Aggressions. This episode breaks down the "Russian doll" problem sitting inside mega-cap tech earnings, why portfolio diversification may matter more now than it has in fifteen years, and what's happening beneath the surface of an S&P 500 that keeps hitting new highs.
Richard Taylor of Plan First Wealth and
94. How Long-Term Care Insurance Works: Costs, Coverage, and Options for Expats
Once you turn 65, you have roughly a 50/50 chance of needing extended care at some point. This episode breaks down what long term care insurance actually covers, what it costs, and how to structure it properly, especially for expats who may end up using benefits outside the US. This episode offers practical financial advice for expats and advice for immigrants trying to plan care decisions across
93. Plan First, Invest Second: How Globally Mobile Brits Actually Retire Well
For many British expats in America, the idea of moving back to the UK can start as a distant possibility, then quickly become a serious life decision. But repatriation is rarely simple, especially when your wealth, tax position, pensions and long-term plans are split across two countries.
In this From the Trenches episode of Expat Wealth, Richard Taylor, Chartered Financial Planner and founder o
92. PFICs, State Taxes and Costly Mistakes for Americans Moving to Britain
Moving to the UK can be an exciting opportunity, but for Americans abroad, it often comes with a harsh reality: the US tax system doesn’t stay behind. This episode delivers practical advice for expats navigating dual tax UK and US obligations.
Richard Taylor, Chartered Financial Planner and founder of Plan First Wealth, is joined by Sally Hawkins, Tax Partner at Gunnar Cook, to unpack some of
91. The Great IPO Boom: SpaceX, OpenAI and the Future of Investing
The stock market continues to push higher, but beneath the surface, investors are facing some increasingly difficult questions. Are markets becoming too concentrated? Are mega-cap technology companies becoming too dominant? And could a wave of blockbuster IPOs change investing forever?
Richard Taylor, Chartered Financial Planner and founder of Plan First Wealth, is joined by Brian Dunhill, found
90. Golden Visa or Regular Visa? Getting Real About Moving to Portugal
More Americans are leaving the United States than at any point in recent memory, and Portugal has become one of the most searched destinations. But what's driving the move, and what happens once you get there?
Richard Taylor is joined by John McNertney, Founder of Green Ocean Global Advisors, to unpack the realities of relocating from the US to Portugal. John has lived the journey himself. Aft
89. UK Pension Risks, SpaceX’s IPO Frenzy and America’s Housing Crisis
Markets continue pushing higher, AI stocks are still surging, and now SpaceX is preparing for what could become one of the biggest IPOs in history. But beneath the surface, Richard and James unpack why some of today’s biggest market stories may be creating risks passive investors aren’t paying enough attention to.
In this episode of From the Trenches, Richard Taylor and James Boyle break down th
88. Portugal for American Expats: Golden Visas, Tax Traps and Big Rule Changes
Portugal has become one of the most popular destinations for Americans moving abroad, but the move is not always as simple as it looks. From visas and tax residency to Golden Visa funds, PFIC reporting, retirement accounts and recent citizenship changes, there are plenty of details that can catch Americans out if they do not plan properly.
Richard Taylor - dual UK/US citizen and Chartered Financ
87. Oil, Inflation and Immigration: Why the World Feels Increasingly Unstable
Energy prices are rising again, inflation is creeping back up, and the global economy may be entering a far more unstable phase than markets are pricing in.
Richard Taylor, Chartered Financial Planner and founder of Plan First Wealth, is joined by Brian Dunhill, founder of Dunhill Financial, for another episode of Macro Aggressions to unpack the growing geopolitical and economic pressures shapin
86. US Citizenship Abroad: The Hidden Costs and Why Some Expats Walk Away
For Americans living abroad, US citizenship can come with unexpected
restrictions, from banking problems and mortgage issues to business ownership challenges and complex US tax reporting.
Richard Taylor, dual UK/US citizen and Chartered Financial Planner at Plan First Wealth, is joined by Dan Brotman, Global Mobility Specialist, and Marko Peck, investment migration advisor, for a conversation on
85. Markets, Retirement Tax Strategies and Plan First Wealth Updates: Our Latest Take
A big milestone for Plan First Wealth, a market that refuses to stay down, and a topic we get asked about every single week.
In this episode of From the Trenches, Richard Taylor and James Boyle share a major announcement for the business, along with a few updates behind the scenes as the firm continues to grow. They then turn to markets.
Despite constant headlines and uncertainty, equities hav
84. How to Get a Second Passport: Citizenship, Residency and Why Timing Matters
A second passport isn’t just a “nice to have” anymore. It’s becoming a real consideration for people who want options and flexibility built into their long-term plan.
Richard Taylor – dual UK/US citizen and Chartered Financial Planner – sits down with global mobility specialist Dan Brotman to break down what’s going on with citizenship, residency, and why more expats are thinking seriously about
83. Moving to America: Avoid These Costly US Tax Mistakes with Pre-Immigration Planning
For those moving to America, knowing what needs to happen before becoming a US tax resident can save you a lot of money. The opportunity can be enormous, but so can the tax mistakes. From foreign mutual funds that trigger punitive PFIC taxation, to offshore companies that become highly inefficient in the US, to pensions, trusts, and inheritances that create unexpected reporting obligations, many e
82. Inflation, Oil and Markets: What You Need to Know Right Now
After a bullish start to the year, we’re unpacking what actually matters for long-term investors. While rising oil prices, renewed inflation fears, geopolitical instability, and growing pressure in private credit have all changed the tone of 2026 far faster than most investors expected, markets have been forced to reckon with a very different reality.
Richard Taylor, dual UK/US citizen and Chart
81. Moving to Europe as an American: The Tax Mistakes That Can Cost You Dearly
For Americans moving abroad, the dream of a new life in Europe can quickly become complicated by US tax rules, foreign reporting requirements, estate planning mismatches, and costly investment mistakes. From buying property in France, to opening a business in Spain, to holding foreign mutual funds or trusts that no longer work overseas, the consequences of poor planning can be severe and expensive
80. Roth IRAs, Market Chaos and Why Expats Are Leaving America
Something is shifting. The questions arriving at Plan First Wealth are changing: clients rattled by geopolitical headlines wanting to know if now is the time to act, expats who've spent decades building lives in America quietly deciding they're done, and British expats returning home realising they left their financial planning far too late. In this in‑person episode from New York City, Richard Ta
79. Demats, PFICs and Provident Funds: What Indians Moving to America Need to Know
Moving to the US is an exciting step, but for Indians making that move, the financial complexity can be significant. From Demat accounts and Provident Funds to ULIPs, the assets that made perfect sense back home can quickly become compliance headaches, tax traps, and costly surprises in America. The good news is that with the right guidance – ideally before you arrive – most of these problems are
78. Oil Shocks, Dollar Moves and Private Debt: What Expats Should Watch Now
Geopolitical shocks, market volatility, and policy uncertainty can create a lot of noise for investors, especially those managing wealth across borders. For expats, the challenge is not just understanding the headlines, but knowing what they actually mean for currency exposure, inflation risk, portfolio construction, and long-term financial plans. When markets move quickly, reacting emotionally ca
77. Building a Post-Retirement Career: How Expats Can Start Crafting Their Portfolios
Traditional retirement is evolving. For many senior executives, stepping away from corporate life is not about slowing down; it is about redefining purpose and supporting long-term financial growth. While many plan to “do some consulting,” few have a clear strategy for what their next chapter will look like. Transitioning from a high-performance career can be challenging, but a wide range of post-
76. Self-Invested Personal Pensions and Inheritance Tax: Why UK Pensions Are Moving Inside the IHT Net and Why You Don’t Need to Panic
In an era of political turmoil, rapid technological change, and shifting tax rules, internationally minded investors, especially expats, face a landscape that feels more uncertain than ever. Yet within that uncertainty are clear, practical steps you can take to protect your wealth, manage risk, and live well. When you’re a British expat or US-connected family navigating dual tax UK and US rules, e
75. The Green Card Exit Guide: How to Avoid Surprise Taxes When Moving Away From America
Failing to formally surrender a green card can have serious consequences, including triggering expatriation rules, a potential exit tax, and even long-term inheritance tax implications for US heirs. While most people know that renouncing US citizenship can lead to an exit tax, far fewer green card holders realize that many of the same rules can apply to them. Simply leaving the United States does
74. Why Gold Is Soaring and the US Dollar Is Losing Its Grip: Decoding Today’s Financial Growth Trends
Gold is reclaiming its spotlight. Prices have leapt sharply, and demand is spilling beyond financial instruments into tangible bullion. Global politics, currency swings, and market volatility are colliding in a mix that feels both chaotic and strangely familiar. Amid the relentless news cycle, distinct patterns are emerging: a revived fascination with gold, growing doubts over the US dollar’s domi
73. UK Pension and Inheritance Tax: What Legislative Changes in 2027 Mean for British-Connected Expats Abroad
Changes are coming to UK inheritance tax legislation. From April 2027, many expats with UK Self-Invested Personal Pensions (SIPPs) could face a 40% UK inheritance tax hit on pension values above the £325,000 nil-rate band, but the way the new rules are drafted may allow non-long-term UK residents to structure their SIPPs so that non-UK underlying assets sit outside the UK inheritance tax net.
72. Removing Tax Season Stress: The Hidden Risks of DIY Cross-Border Taxes
For expats, financial mistakes are not usually the result of bad decisions; they stem from incomplete information in an incredibly complex system. Different professionals can interpret the same treaty differently, and multiple defensible positions can coexist. In cross-border taxation, especially when tax treaties are involved, ambiguity is the norm.
In this episode of Expat Wealth, Richard Ta
71. The Exclusive Citizenship Act of 2025: Inaction Could Mean Losing Your US Citizenship
Proposed policy changes in the US could result in increased taxation for American dual citizens, green card holders, and Americans living abroad. From forced loss of US citizenship by inaction, to deemed expatriations, exit taxes on worldwide assets and foreign pensions, and potential impacts on Social Security and even US military pensions, the ripple effects of the proposed Exclusive Citizenship
70. Understanding Macroeconomics in 2026: What a Weaker Dollar and Global Turmoil Mean for Investors Abroad
In cross-border investing, where you invest matters just as much as how you invest. This is especially true for fixed income. Although 2026 has only just begun, it’s already shaping up to be a busy year on the macro front. A weaker US dollar could impact portfolios more than ever, and bonds may not be the ideal place to take on currency risk. How are global macroeconomics, geopolitics, and currenc
69. Retiring Abroad: Will Your UK Tax-Free Lump Sum Be Taxed in the US?
Upcoming changes to financial legislation mean many British expats should seriously rethink how and when they access their UK pensions. From April 2027, unused UK pensions are expected to be included in the UK inheritance tax (IHT) net as UK‑situs assets. For long-term expats with sizeable pensions, this could mean a potential 40% tax hit on what’s passed to heirs.
In this episode of Expat We
68. Introducing Expat Wealth
The American Dream is evolving. While the US remains a land of opportunity and hard work, more people are heading to Europe and other destinations
in search of balance, lifestyle, and long-term quality of life. Understanding how US and international financial regulations differ can help Americans avoid costly landmines and make the most of their opportunities abroad.
We’re the Brits in America h
Trailer – Expat Wealth
From January 8th, We’re The Brits In America becomes Expat Wealth. Expat Wealth is dedicated to helping ambitious US-connected expats and immigrants navigate those challenges. Whether you’ve moved to the US for opportunity or are an American seeking adventure and growth abroad, our job is to equip you with the tools and insights you need to succeed.
Each Thursday, host Richard Taylor – dual UK/US
67. For Americans Considering a Move Outside the US: Guidance to Become an Expatriate from America | Move to Europe with Brett Andrews
Moving abroad isn’t exclusive to retirees and 25-year-olds; many Americans from all walks of life are considering leaving the United States. Richer culture, affordable healthcare, and a higher quality of life are among the key reasons Americans are moving to Europe. In the current climate, expats need to choose a country that suits their lifestyle and financial goals.
In this episode of We’re
66. Lower Taxes and Better Wine: Feel Confident About Your Decision to Move Abroad and Avoid Double Taxation | Move to Europe with Brian Dunhill
Is it possible for American expats to build reliable, diversified financial portfolios when moving to Europe? Yes, but Americans living abroad, particularly in Europe, need to know how to navigate complex tax
rules, currency considerations, and international regulations to avoid being caught off guard by sudden economic or policy changes. This episodes of We’re The Brits in America helps US citize
65. Navigating Estate Planning: How Expats Can Avoid Unexpected Taxes | Moving to Europe with Paula Jones
What happens if you unexpectedly inherit money from a
loved one while living abroad, especially when there’s no formal estate plan in place? As an American expat, both international and US tax laws can take a significant portion of your inheritance. Losing someone is hard enough, and navigating cross-border inheritance shouldn’t make it harder.
Expats should review their estate plans and those o
64. Investing from Abroad: How Americans Should Protect Their Assets from Overseas | Move to Europe with Katelynn Minott
Expatriates need to manage their tax obligations effectively and avoid mismatches between tax systems that can lead to double taxation. One of the most common mistakes American expats make is investing through a Passive Foreign Investment Company (PFIC), which is taxed at the highest US tax rate, often simply because they didn’t have the proper guidance. Working with qualified expat wealth advisor
63. What Americans Need to Know Before Starting a New Life Abroad: Diving Deep into the Factors Americans Often Overlook | Move to Europe with Alex Ingrim and David Cantor
Making the move successfully from the US to a country in Europe requires guidance from people who’ve lived it. From tax rules and immigration pathways to cultural fit and
long-term financial planning, the journey comes with complexities that have caught many people off guard.
In this episode of We’re The Brits In America, Richard Taylor - dual UK/US citizen and Chartered Financial Planner - sits
62. The Complexities of Having a UK Pension in the US: Navigating Pension Commencement Lump Sums | From The Trenches with James Boyle
Many expats assume their Pension Commencement Lump Sum
(PCLS) will remain tax-free when they relocate, but the US UK tax treaty
leaves too much ambiguity to be certain. Therefore, what should you do with your PCLS when moving to the US as a British expat? Working with a dedicated cross-border tax advisor can help you avoid costly IRS repercussions.
Host Richard Taylor – dual UK/US citizen and
Cha
61. Annuities and Insurance: How British Expats Can Protect Themselves | Ask An Expert with Mark Maurer
Understanding life insurance and annuities is essential for making informed and beneficial financial decisions when moving to America. These financial products differ significantly between the UK and the US. Decades ago, the process of getting insured in the US was much simpler, with far fewer options than there are today.
In this episode of We’re The Brits In America, Richard Taylor - dual UK/U
60. Bull Market or AI Bubble? How to Invest When Hype Meets Reality | From the Trenches with James Boyle
Is the AI revolution the next dot-com boom-or the start of something even bigger? From tech valuations that seem sky-high to investors leveraging risk assets at record levels, Richard Taylor - dual U.K./U.S. citizen and Chartered Financial Planner – is joined by James Boyle – Lead Financial Planner at Plan First Wealth – explore whether this moment mirrors past cycles of transformational technolog
59. Building the Right Team for Your International Move: Integrated Financial Planning for British Expats | Ask An Expert with Holly Caulder and Aidan Grant
You need a cross-border advisory team to navigate complex international tax laws before it’s too late. Investing in pre-planning before moving to a new country is crucial to avoid financial pitfalls.
This week, you’ll hear from Holly Caulder - dual-qualified U.S. and U.K. tax advisor at Buzzacott, and Aidan Grant – U.K. tax and estate planning attorney at Collyer Bristow as they unpack the finan
58. Filing Taxes as a British Expat in America: Why Professional Advice Matters | From The Trenches with James Boyle
The consequences of filing your tax return incorrectly, even accidentally, far outweighs the immediate cost you’ll spend on professional advice. Cross-border finances can be confusing; you may be tempted to DIY your tax return, but you’re always better off speaking to a tax advisor.
Host Richard Taylor - dual U.K./U.S. citizen and Chartered Financial Planner – is joined by James Boyle – Lead Fi
57. How To Successfully Expand Your Business Into The US: Avoid The Pitfalls And Take Full Advantage Of This Enormous Market | Ask An Expert with Allan Rooney
Building a law career and finding wealth as a UK expat can feel
like an impossible task. We’re speaking to an expert in the New York legal
scene to uncover the secrets to breaking into American law as a British,
Scottish, or Irish expat.
This week, host Richard Taylor - dual UK/US citizen and Chartered Financial Planner - has a raw and honest conversation with Allan Rooney -
Founding Partner at
56. Losing Someone is Hard and Navigating Cross-Border Inheritance Taxes Doesn’t Have to Be: How to Avoid Costly Mistakes | From The Trenches with James Boyle
The intricacies of inheritance tax issues are probably the last thing you want to think about after losing someone. We’re making it easier to make financial arrangements for receiving an inheritance after a loved one passes away on this episode of We’re the Brits in America.
Host Richard Taylor - dual UK/US citizen and Chartered Financial Planner - offers practical advice for expats on navigatin
55. Statutes of Limitations & Tax Compliance: Are You Really Ready to File? | Ask An Expert with Virginia La Torre Jeker
"The IRS can go back over 20 years in certain instances for unfiled returns. We’re not making this stuff up,” warns Virginia La Torre Jeker, a seasoned US international tax attorney with over 40 years of experience and returning guest to the show. Virginia is a member of the New York Bar, specializing in all aspects of international tax and cross-border transactions. In this week’s Ask An Expert,
54: A Story Of Good Intentions, Bad Investments, And Why Doing “Some Research” Isn’t Enough When You're Living Between Tax Systems. | From The Trenches With James Boyle
Richard and James are back with more cautionary financial tales. Richard Taylor, founder of Plan First Wealth, recently spoke to a connection who “had done a bit of research, learned that mutual funds were a problem, hadn't learned what PFICs were, and switched out of a mutual fund into an investment trust... thinking he’d dodged the problem, but in fact he’d gone from one PFIC to another.” What w
53. How The UK’s Statutory Residence Test Works, And How You Can Stay Compliant | Ask An Expert with Aidan Grant
The UK has moved to a residency-based tax system, and the rules aren’t just complex, they’re strict. Whether you’re planning to return home full-time or just thinking about splitting your time between the US and the UK, this episode is essential listening.
Richard Taylor is joined by listener favourite and raconteur Aidan Grant – a partner in the tax and trust estate team at Collyer Bristow. Aidan
52. A Real Doozy | From The Trenches with James Boyle
The market has rebounded from a rough April, but that period caused significant emotional stress for both clients and advisors. In these market downturns it’s crucial to put your emotions to one side and stick to your plan.
What’s happened in June? And we’re only a few days into July but so much has happened there too; Richard Taylor and James Boyle go back into the trenches to unpack it all.
Pl
51. What To Do With Your UK Pensions Once You Settle In The US: Maximise The Potential And Avoid The Landmines | Ask An Expert with Holly Caulder
If you're an expat of means in America and you don't have a good cross-border team around you - financial, tax, and estate – there’s a high chance you’re in non-compliance. That’s especially true with UK pension holders in the US.
This week’s Ask An Expert is with Holly Caulder, partner at Buzzacott. Holly specialises in planning and advice solutions for US residents with non-US pensions, shareho
50. Turning Market Volatility Into Tax Savings - 50th Episode Special | From The Trenches with James Boyle
In a year of economic whiplash, staying invested is easier said than done, particularly when the market drops 20% in ten days. But that’s when the real opportunities appear.
In this special 50th episode, Richard Taylor and James Boyle are back in the trenches to reflect on client behaviour during turbulent times, the emotional traps that investors fall into and the importance of holding your nerve
49. Everything You Need To Know About Tax Compliance – From An IRS Veteran | Ask An Expert with Dan Price
“The US system of tax reporting and FBAR reporting is exceedingly complex, and materially differs from the reporting requirements in most other countries in the Western world.” So says Dan Price, my guest on this week’s Ask An Expert show. That’s why there’s a high chance of non-compliance if you’re an expat in the US, and why you need to hear this week’s episode.
Dan is a distinguished tax attor
48. Mastering The Art of Doing Nothing | From The Trenches with James Boyle
There’s a well-known fable on investing that claims that from 2003 to 2013, Fidelity conducted an internal performance review of customer performance. They wanted to see who the best investors were, so they trawled through millions of records to map returns over a decade. Who do you think was the best performing customers?
Fidelity found that they were the ones who had died; the accounts that acc
47. PFICs: The Number One Expat Landmine That Can Easily Be Avoided
Are your foreign investments quietly wrecking your US tax situation? They might be.
This week’s Ask An Expert show features Brian Dunhill, a seasoned financial planner based in the UK, to tackle one of the trickiest topics in expat finance: PFICs (Passive Foreign Investment Companies).
Host and founder of Plan First Wealth, Richard Taylor, and founder of Dunhill financial Brian walk you through:
46. Trump, Tariffs, Mayhem - The Week From Investing Hell | From The Trenches with James Boyle
"When selling feels right, that's when it's most dangerous," warns James Boyle in this week's From The Trenches. Richard Taylor sits down with James to look at one of the most turbulent weeks in the market in recent history.
The S&P 500 took a massive 12% dive over four days, stirring up investor panic similar to past financial crises. This panic often leads to hasty decisions; James and Richard s
45. Leaving the USA: Relinquishing Green Card / Renouncing US Citizenship - Beware The Exit Tax | Ask an Expert with Virginia La Torre Jeker, J.D.
Many green card holders mistakenly believe they are no longer liable for US taxes after expiration. Properly relinquishing a green card requires completing Form I-407. If this is news to you (or you’ve never heard of this form) then you better listen to this week’s Ask An Expert.
Richard Taylor is joined once again by Virginia La Torre Jeker, a member of the NYS Bar since 1984 and preeminent US t
44. Retirement Strategies Amid S&P 500 Fluctuations: What Are Your Options? | From The Trenches with Richard Taylor and James Boyle
You might already have missed the market bounce-back.
That’s the warning from Richard Taylor and James Boyle in this From The Trenches episode of We're the Brits in America, where they break down the latest market movements and what they mean for investors and, in particular, expats.
With a mix of market updates and personal insights, they explore why staying invested during turbulent times is cr
43. UK Domicile & Tax Changes: What You Need to Know About the Changes to Worldwide Assets
There are tax changes coming in the UK - new rules replacing the domicile system with a tax residency-based system. This could affect your inheritance tax exposure, among others if you’ve been out of the UK for over 10 years.
To find out what it all means, Richard Taylor welcomes back Aidan Grant, a partner specialising in Tax and Trust Estates Planning at the law firm Collier Bristow. Aidan advi
42. Bubbles, Tariffs & General Chaos | From The Trenches with James Boyle
The ‘Magnificent Seven’ (that’s Alphabet, NVIDIA, Amazon and the rest of the tech giants) currently make up over a third of the entire S&P 500. This is a problem for long-term investors because – as we saw when Chinese GPT DeepSeek got released in January – billions can be wiped off their valuation overnight. Are they overvalued as it is?
To discuss this and all the market movers from the start o
41. Finding Peace in Uncertainty: What Two Cancer Diagnoses Taught Keith Hunt | Always An Expat
In the UK, the five-year survival rate for pancreatic cancer is 7.3%. In the US, it’s 13%.
This is a very special episode of Always An Expat, and a slight departure from the usual format, but it’s an important story to tell. Keith Hunt, a Scottish-born geophysicist, was working for Shell when, in 2022, he was diagnosed with pancreatic cancer. It was detected early, in part due to his proactive ap
40. Welcome the Wobble | From The Trenches with James Boyle
Market pullbacks are necessary for long-term health. But what’s the best way to deal with them? Discussing it are James Boyle and Richard Taylor, back for another episode of the podcast.
‘I welcome a wobble right now’ says Richard.
Find out why, plus much more, in this week’s From The Trenches. You’ll hear discussion on the dangers of performance chasing, the value of diversification, and the imp
39. There Are SEVERE Penalties for Tax Non-Compliance. Here’s How to Avoid Them | Ask An Expert with Ishali Patel
An accountant moves to the US in the 1980s with a portfolio of non-U.S. mutual funds (classified as PFICs under US tax law). Decades later and the portfolio has grown significantly, but is never reported under the US PFIC rules. Assuming it was taxed like a standard investment, the accountant has blindly walked into an 80% penalty, lost to taxes and interest. This cautionary tale highlights the cr
38. Hope Springs Eternal - 2024 in Review | From The Trenches with James Boyle
2024 was a year of volatility. Despite this, the S&P 500 finished the year 28% up – that’s on top of a 70% gain from the 2022 low. As always, the learning from this is that you just need to stay invested. Nobody knows what 2025 has in store but avoiding attempts to time the market will save you a lot of headache. To speculate on 2025 and wrap up the year that was 2024, Richard and James are back i
37. IRS Penalty Abatement: How Reasonable Cause Works | Ask An Expert with Virginia La Torre Jeker
You don’t want to be arguing with the IRS. But, if it comes to it, there are some defences. One is reasonable cause. For cross-border financial and tax obligations, it’s important to know it.
Richard Taylor asks an expert for their take on this. The expert is Virginia Jeker, a seasoned U.S. international tax attorney, and she talks about what it takes to successfully argue reasonable cause when f
36. Retiring in America: What You Need to Know About Healthcare | Ask An Expert with Misty Kimbrough
For Brits moving to America, there’s a rude awakening when it comes to healthcare. The NHS, with its free and universal coverage, might not be perfect, but it spares you from the endless choices, staggering costs, and fine print that define the U.S. system.Here, every doctor’s visit, every test, every prescription comes with a price - and for many, those prices are eye-watering.Retiring in America
35. Decisions, Dollars and Domicile: How US Elections and UK Tax Shifts Impact Expats | From The Trenches with James Boyle
It’s been a busy couple of weeks of high-stakes decisions and shifting landscapes. Richard and James jump right back into the trenches in the aftermath of the U.S. election, reflecting on the decisive results and how stability, even if brief, has brought some clarity to markets and investors alike. From here, they pivot to the UK budget shake-up, addressing the anxiety it’s sparked across the pond
34. How FX Brokers Help You Avoid Thousands In Fees | Ask An Expert with David Nixon
Transferring large amounts of money overseas can incur significantly large fees, if you go through the banks. FX brokers offer faster transactions, better fees and higher security. So how do they do it? And how much is there to be saved? This week for Ask An Expert, Richard is joined by FX broker David Nixon, Senior Partnerships Manager at Currencies Direct.
They explore the process, benefits and
33. Don't Just Do Something, Stand There | From The Trenches with James Boyle
The S&P 500 recently closed at 5,750, up 20% year-to-date and in defiance of gloomy predictions of a recession late last year. The market is up 60% since the closing low in October 2022. The September jobs report showed 254,000 net new jobs, exceeding expectations and demonstrating continued strength in the labor market, despite slight softening in jobless claims. So what does this mean for you an
32. Swapping Notes With An Aussie Financial Planner | From The Trenches with GFPI Founder Ashley Murphy
“I don't want a valuable life lesson, I just want an ice cream.” Those are the immortal words spoken by Bluey, beloved Blue Heeler puppy from Australia. We can all relate, but when it comes to Australian/American cross-border financial planning, a life lesson might be what you need. You can have an ice cream afterwards.
To deliver the lesson, Richard is joined by Ashley Murphy, founder of Arete We
31. You Come To The US To Make It, Don’t Jeopardize That By Making Mistakes | From The Trenches with James Boyle
CPI increased by 0.2% in August, putting the year-over-year rate at 2.5%. So, inflation is stabilising and we can all celebrate? Possibly. The U.S. added 142,000 jobs last month too, leading to a slight decline in the unemployment rate. What does this mean for markets?
Richard and James are back in the trenches, to bring you the latest cross-border financial advice. What does the CPI data tell us?
30. How to Get a US/UK Cross-Border Estate Plan Done | Ask An Expert with Paula Jones
Working with cross-border attorneys who have expertise in both US and UK law is crucial for navigating the complexities of international estate planning. Luckily, we’ve got one here. Paula Jones is a cross-border estate planning attorney. She’s the principal and founder of Jones Estate Group, a law firm based in Philadelphia that serves clients across the US and internationally.
Richard and Paula
29. No One’s Built Wealth In A Savings Account | From The Trenches with James Boyle
With inflation easing to 2.9% for the first time in two years, we're now entering a particularly critical phase in the economic recovery. Richard and James are back in the trenches to guide you through it. As always, it’s about sticking to your investment plan during these volatile times.
What’s been the impact of interest rates on spending? Richard and James speculate that higher interest rates h
28. US/UK Estate Planning 2 - Living Trusts | Ask An Expert with Aidan Grant
Do you know enough about living trusts? They’re a tax-neutral and effective tool in the US to avoid probate – BUT they can have severe UK tax implications for UK domiciliaries. Probate can be time-consuming, costly and cumbersome – especially in New York and California – so it makes sense to avoid if you can.
To explore the options, Richard is joined once again by Aidan Grant, a senior associate
27. "Bears Sound Smart, Bulls Make You Money." | From The Trenches with James Boyle
James and Richard are back once again in the financial trenches. The UK election is done and dusted, but there’s still much to discuss.
The US elections are approaching and, as always, with them fears of a market downturn. Having a systematic investment plan during these volatile times is essential, as James explains. It can be difficult to go against our ingrained emotional and psychological imp
Recommended
Yours Truly Johnny Dollar Collection
Take Back Your Health®
CBS Radio Mystery Theater | Old Time Radio
Solved Murders - True Crime Stories
紐約鳥｜New York Aperture
The Swerve Podcast: Obscure Topics | Conspiracy Theories
The Bread and Banter Podcast
The Church of What's Happening Now: The New Testament
Busted Open
Deadline: White House
Crickets Corner
History of the Earthquake and Fire in San Francisco
