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Have you tried asking your current job to relocate you to a European office? If so you could keep your job and take a pay cut of 10% - 15%. You can buy a home
by Dracophoenix 5y ago
Have you tried asking your current job to relocate you to a European office? If so you could keep your job and take a pay cut of 10% - 15%.
You can buy a home in the United States and rent it out while you're in a foreign country and use it for yourself if/when you come back. You don't even have to set foot in the US. Buy in a suburb near a university town. You won't be making much of a profit when mortgage and property tax are factored in, but enough to pay for property taxes. You just have to be discerning about who you rent to. This worked for a university professor I know of while he lived in Israel. You should check with state and local laws regarding tenancy and renting to make sure you don't afoul of any odd esoteric bylaw or something of that nature, especially if you're trying take advantage of any tax exemptions.
If you're making 100k per year, you're starting to approach the limit of the Foreign Tax Credit. Keep this in mind when negotiating increases in pay in the future. Other ways you might end up double or even triple-taxed (in case you weren't aware, the US taxes citizens and residents on worldwide income).
America and France have a tax treaty which also list any obligations and conditions regarding Social Security and or France's mandatory pension fund. Research it for any important details or exemptions you might qualify for.
Many countries will require you to have a bank account in their country to pay you. In accordance with FATCA, banks in foreign countries have a special obligation to document and report the holding of Americans overseas. Because of the outsized paperwork and threats to bank secrecy, for a period of time many banks refused to take American clients and dumped many existing ones. That's may still be the case for a number of banks today. You should research FATCA-friendly banks.