What is Expatriation? An Introduction to Covered vs. Uncovered Expat Status
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Description
As obvious as it sounds, one of the keys to U.S. expat status is the process itself of expatriation. Living as an American abroad is one thing, carrying its own set of financial and investing hurdles and complications. But truly renouncing your U.S. citizenship brings about its own set of obstacles.  In this episode of Gimme Some Truth for Expats, our team of U.S. expat financial advisors – Stan Farmer, CFP®, J.D.; Syl Michelin, CFA; and Keith Poniewaz, Ph.D. – delve into the subject of expatriation, the first of what is sure to be multiple episodes on this subject (because there's a lot of ground to cover). Speaking of cover, this edition is primarily dedicated to going over what it means to be a covered expat, and the boxes you would have to check to reach covered expat status. There's enough there to warrant an entire episode, so while our trio briefly touches on how covered expat status may impact your financial situation, we'll go more in-depth on that specific subject in an upcoming episode.  Questions about covered expat status? Or questions about your particular situation? Send us a message at [email protected], and we may feature them on an upcoming episode – in addition to answering whatever your question might be.  LINKS Watch on YouTube Walkner Condon's U.S. Expat YouTube Channel Educational Materials for Expats Contact Us Meet with a U.S. Expat Financial Advisor --- Send in a voice message: https://anchor.fm/walkner-condon-expats/message
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