Expat Wealth - Cross-Border Financial Advice for Expats in America and Americans Abroad

82. Inflation, Oil and Markets: What You Need to Know Right Now

Thu, 16 Apr 2026 10:00:00 -0000

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 Chartered Financial Planner, and Brian Dunhill, founder of Dunhill Financial , look back on a chaotic first quarter of 2026 and make the case for staying invested, resisting panic, and remembering that the biggest long-term investing mistakes are usually driven by fear or greed. They discuss why inflation, not just stock market volatility, remains the bigger concern, how higher energy prices can ripple through the entire economy, and why moments of market stress often create valuable tax planning opportunities.

They also explore the renewed case for commodities and value stocks, the risks building inside private credit and alternative investments, and why opening retirement accounts to illiquid assets could create serious problems for everyday investors.

In this episode of Expat Wealth, Richard and Brian discuss:

Why Q1 shifted so quickly from optimism to concern, and what that tells investors about market sentiment and economic surprises.

How oil prices, commodity moves, and inflation fears are shaping portfolio positioning more than stock market headlines alone.

Why tax loss harvesting can be one of the most valuable strategies during volatile periods, especially for long-term investors.

What recent stress in private credit and alternatives could mean, and why these investments may be unsuitable for many retail and retirement portfolios.

Why trying to time the market often backfires, and why staying disciplined through uncertainty has historically been the better path.

Expat Wealth is supported by Plan First Wealth. Plan First Wealth is a Registered Investment Advisor serving fellow expatriates and immigrants living across the US on matters such as retirement planning, investment management, tax planning and non-US asset management.

https://planfirstwealth.com/

Expat Wealth is affiliated with Plan First Wealth LLC, an SEC registered investment advisor. The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth.

Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Plan First Wealth does not provide any tax and/or legal advice and strongly recommends that listeners seek their own advice in these areas.

ABOUT RICHARD:

Richard Taylor is a British expat, dual citizen (UK & US). Originally from Bolton, he now lives in Greenwich, CT, where Plan First Wealth has its head office.

As the firm’s leader, Richard launched Taylor & Taylor, now Plan First Wealth, and continues to fuel the firm’s growth. Richard is a Chartered Financial Planner (UK – CII) in addition to holding the IMC (CFA UK) and Series 65 (US – FINRA).

Connect with Richard on LinkedIn

81. Moving to Europe as an American: The Tax Mistakes That Can Cost You Dearly

Thu, 09 Apr 2026 10:00:00 -0000

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 to unwind.

For those considering moving to America or moving to the US in the future, many of these same cross-border challenges apply in reverse, making early planning essential regardless of direction.

Richard Taylor – dual UK/US citizen and Chartered Financial Planner – is joined by Christine Alexis Concepcion – international tax attorney and Managing Partner at Concepcion Global PLLC – to discuss what US citizens and green card holders need to know before relocating abroad, especially to Europe. They explore ongoing US tax obligations, the risks of investing or structuring assets incorrectly, and why trying to “figure it out later” often leads to significantly higher costs.

Drawing on real client scenarios, they highlight how decisions around foreign investments, business advise, and international wealth structuring can create long-term tax exposure if not handled correctly. They also explain why working with a qualified wealth advisor and US tax help specialists is critical for navigating cross border complexity.

In this episode of Expat Wealth, Richard and Christine discuss:

How Americans and green card holders remain subject to US tax filing obligations on worldwide income and assets, even after moving abroad.

Why forming a foreign company, investing in a foreign business, or buying non-US mutual funds without planning can trigger punitive tax treatment and complex reporting requirements.

How trusts, foreign property purchases, and cross-border estate planning can create major problems in Europe if not reviewed before a move.

Why proactive planning with US and local-country specialists can reduce costs, protect long-term wealth, and help expats access the full benefits of international wealth planning.

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https://planfirstwealth.com/

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ABOUT RICHARD:

Richard Taylor is a British expat, dual citizen (UK & US). Originally from Bolton, he now lives in Greenwich, CT, where Plan First Wealth has its head office.

Connect with Richard on LinkedIn

80. Roth IRAs, Market Chaos and Why Expats Are Leaving America

Thu, 02 Apr 2026 10:00:00 -0000

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 Taylor and James Boyle reflect on a record‑breaking first quarter at Plan First Wealth, and the conversation reflects exactly where things stand right now.

In this episode of Expat Wealth, Richard Taylor, dual UK/US citizen and Chartered Financial Planner, sits down with James Boyle, Lead Financial Planner at Plan First Wealth, to take stock of a record-breaking quarter, dig into Roth strategy, and talk candidly about what the current political climate is doing to globally mobile families navigating dual tax UK and US rules.

You'll hear insights on:

The Iran situation, oil prices, and why staying invested through geopolitical volatility is still the right call for expats, and why timing the market almost always backfires.

A plain-English breakdown of Roth IRAs, backdoor Roths, and mega backdoor Roths, including why these accounts are particularly powerful for British expats and anyone considering leaving America.

Expat tax advice on the Roth vs ISA comparison, what matters under the US UK tax treaty, and what can go wrong if you don't understand how each account is treated across borders.

The surge in expats leaving the US, what's driving it, why timing your departure by even a few months can have major tax consequences, and why two years' lead time is the gold standard for expat wealth planning.

The underrated power of a phased retirement, and how a consultancy income or board position can protect your portfolio from early drawdown and turn a borderline plan into a great one.

https://planfirstwealth.com/

79. Demats, PFICs and Provident Funds: What Indians Moving to America Need to Know

Thu, 26 Mar 2026 10:00:00 -0000

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 entirely avoidable.

In this episode of Expat Wealth, Richard Taylor – dual UK/US citizen and Chartered Financial Planner – is joined by Manasa Nadig, Enrolled Agent and owner of MN Tax and Business Services, and co-host of the International Money Cafe podcast. Together, they walk through the most common Indian financial assets held by expats in America, what US reporting rules apply to each, and why pre-immigration planning can make the difference between a smooth transition and years of non-compliance.

Richard and Manasa discuss:

The four main Indian asset categories that matter for US tax purposes: Bank accounts, Demat accounts, Provident Funds, and insurance policies each carry different reporting requirements under FATCA and FBAR. Manasa breaks down what each one is, how it maps to more familiar US equivalents, and why simply not knowing about them is no defence with the IRS.

Why Demat accounts and ULIPs may trigger the PFIC problem: Mutual funds and unit-linked insurance policies held in India are typically classified as Passive Foreign Investment Companies under US tax law, bringing punitive tax treatment and complex annual reporting. Richard and Manasa explore why these are so hard to unwind once you are stateside, and why catching people before they arrive is so much more valuable than cleaning up afterwards.

Inheritances, gifts, and real estate – the traps people miss: From inherited property in Mumbai to gold jewellery gifted by grandparents, assets crossing borders often trigger Form 3520 reporting requirements that catch even well-intentioned expats off guard.

Richard and Manasa explain what needs to be reported, what the actual tax consequences are, and why failing to report can be far more costly than the assets themselves.

https://planfirstwealth.com/

78. Oil Shocks, Dollar Moves and Private Debt: What Expats Should Watch Now

Thu, 19 Mar 2026 10:00:00 -0000

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 can be costly. A measured approach, grounded in strategy, is often what matters most.

In this episode of Expat Wealth, Richard Taylor – dual UK/US citizen and Chartered Financial Planner – is joined by Brian Dunhill, his UK-based counterpart serving Americans in the UK, Europe and futher afield. Together, they unpack the latest macro developments affecting cross-border investors, from the market implications of rising tensions with Iran to the knock-on effects of oil price volatility, inflation fears, and shifts in the US dollar. They also explore concerns building in private debt markets and why liquidity still matters just as much as yield. For internationally mobile families and retirees, the key message is clear: market headlines may change fast, but disciplined portfolio positioning remains essential.

Richard and Brian discuss:

How oil shocks affect expat investors: Rising tensions in the Middle East have pushed oil prices higher and renewed concerns about inflation, consumer pressure, and market instability. Richard and Brian explain why energy price spikes matter so much for global portfolios and why expats should pay close attention to how geopolitical events filter through to daily costs, investment returns, and central bank policy.

Why dollar strength can create planning opportunities: While the US dollar briefly strengthened as investors moved toward perceived safe-haven assets, Richard and Brian explain why this may be a temporary move within a longer-term period of dollar weakness. For expats planning retirement abroad, funding major overseas purchases, or rebalancing assets between currencies, short-term FX moves may offer useful opportunities.

The risks emerging in private debt markets: Private debt has grown rapidly in recent years, but concerns are mounting around defaults, underwriting standards, and liquidity. Richard and Brian discuss why these products can look attractive on the surface, why they may not suit many retail investors, and why access to liquid, transparent fixed-income options remains a priority for cross-border financial planning.

https://planfirstwealth.com/

77. Building a Post-Retirement Career: How Expats Can Start Crafting Their Portfolios

Thu, 12 Mar 2026 10:00:00 -0000

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-career opportunities, from mentoring and teaching to advisory work and portfolio careers, allows experienced leaders to apply their expertise in meaningful and flexible ways.

In this episode of Expat Wealth, Richard Taylor – dual UK/US citizen and Chartered Financial Planner – is joined by Naomi Kent – Founder and CEO of The Boardroom Company. They explore when and how professionals should begin preparing for retirement. The conversation covers what it takes to build a successful post-retirement career, from clarifying long-term goals to setting realistic expectations. Regardless of the path ahead, one principle is clear: retirement portfolios should be built intentionally throughout a career, not left as an afterthought, especially when managing international wealth and cross-border obligations.

Richard and Naomi discuss:

The impact of a polished post-retirement portfolio: Senior executives can build a well-rounded mix of activities, including paid board positions, advisory roles, fractional executive work, teaching, coaching, selective consulting, and personal pursuits such as travel, family, and health. This combination offers purpose and structure while enhancing their appeal to potential consultees.

The value of board work: Effective board members bring oversight, insight, and foresight, along with attributes such as curiosity, communication skills, and a manageable ego. Retirees don’t have to have been a CEO or even in the C-suite to be a strong director; niche expertise can be just as valuable.

The importance of networking and personal branding: Clear goals are essential for retirees targeting board roles. Defining the types of boards they aim to join, cultivating a board-ready personal brand, and developing a focused relationship strategy help candidates get off to the right start. Many opportunities already exist within established networks, and when board aspirations are clearly communicated and the right conversations are happening, new opportunities often emerge.

https://planfirstwealth.com/

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

Thu, 05 Mar 2026 11:00:00 -0000

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, even small misunderstandings can lead to outsized financial consequences. The difference between confident decision-making and costly mistakes often comes down to working with the right international advisor and having a clear long-term plan.

In this episode of Expat Wealth, Richard Taylor – dual UK/US citizen and Chartered Financial Planner – is joined by James Boyle – Lead Financial Planner at Plan First Wealth to unpack the real-world financial conversations happening behind the scenes with globally mobile families. As technology evolves and more people turn to artificial intelligence for quick answers, it’s becoming easier to find information, but harder to interpret it correctly. Tax language is nuanced. American tax reporting rules can carry severe penalties if misunderstood. For anyone moving to the US, moving to America, or building wealth while living internationally, context matters just as much as the rule itself.

You’ll hear insights on:

The Supreme Court’s recent ruling on Trump-era tariffs, the political fallout, and what all the uncertainty means for markets.

Growing anxiety around AI – shifting from pure optimism to a more mixed, sometimes fearful outlook – and how to stay invested and optimistic despite the noise.

Why the US is still likely to be the key engine for monetizing AI and human ingenuity, and why global diversification is still non‑negotiable.

A deep dive into the upcoming UK inheritance tax (IHT) changes on pensions (including SIPPs) from April 2027, and the potential strategy of using non‑UK situs assets (e.g., US ETFs) within Self-Invested Personal Pensions (SIPP).

https://planfirstwealth.com/

ABOUT RICHARD:

Richard Taylor is a British expat, dual citizen (UK & US). Originally from Bolton, he now lives in Greenwich, CT, where Plan First Wealth has its head office.

Connect with Richard on LinkedIn

75. The Green Card Exit Guide: How to Avoid Surprise Taxes When Moving Away From America

Thu, 26 Feb 2026 11:00:00 -0000

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 not end your US tax residency, but too many assume that moving abroad automatically closes the chapter.

Richard Taylor – dual UK/US citizen and Chartered Financial Planner – is joined by Debra Rudd, Certified Public Accountant at Hodgen Law PC, to unpack the lesser-known tax landmines facing green card holders who relocate overseas. They emphasize that approaching Form I-407 and your departure from the US as a planned, coordinated strategy rather than a last-minute border formality can make all the difference between a smooth transition and a sudden exit tax bill with lasting consequences.

In this episode of Expat Wealth, Richard and Debra discuss:

Why holding a green card for as little as six years can classify you as a “long-term resident” and potentially a covered expatriate.

The three tests that determine whether an expatriating individual (including long-term green card holders) becomes a covered expatriate.

How failing to properly surrender your green card, or signing Form I-407 without planning, can unexpectedly trigger exit tax and future inheritance tax exposure for your US-based children.

How large language models (LLMs) can help expats and prospective expats decode complex tax language, empowering them to ask better, more informed questions of their advisers.

https://planfirstwealth.com/

74. Why Gold Is Soaring and the US Dollar Is Losing Its Grip: Decoding Today’s Financial Growth Trends

Thu, 19 Feb 2026 11:00:00 -0000

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 dominance, and a long‑anticipated revival in non‑US markets.

In this episode of Expat Wealth, Richard Taylor – dual UK/US citizen, Chartered Financial Planner, and experienced International Wealth Advisor – is joined by Brian Dunhill – founder of Dunhill Financial – to discuss the new phase in the global economy: the American dollar’s dominance being gently eroded, non‑US markets are finally having their moment, AI is changing workflows more than it’s destroying jobs (so far), and for expats and cross‑border families, thoughtful Cross-Border Financial Planning is more important than ever.

In this episode, Richard and Brian take a detailed look at:

Why gold and silver have surged, and why they should be seen as trades rather than long‑term investments.

The political devaluation of the US dollar, what a weaker dollar means, and how expats should think about currency risk.

The gradual decoupling from the US dollar as the world’s reserve currency, and how China and others are positioning themselves.

The outperformance of International Wealth and emerging markets vs the US, and why Brian thinks this is part of a bigger structural shift, not a flash in the pan.

The AI investment boom, the “magnificent seven,” and whether large language models are truly transformative or just efficiency tools.

https://planfirstwealth.com/

73. UK Pension and Inheritance Tax: What Legislative Changes in 2027 Mean for British-Connected Expats Abroad

Thu, 12 Feb 2026 12:21:00 -0000

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.

Richard Taylor, dual UK/US citizen and Chartered Financial Planner, is joined by Tobias Gleed-Owen, Senior Associate at Birketts, to discuss the upcoming changes to SIPPs and inheritance tax. This episode of Expat Wealth explores how UK expats, or future recipients of a UK inheritance or pension, can prepare for the April 2027 changes. Richard and Tobias unpack how the draft UK rules will treat pensions for inheritance tax, why the position most people have assumed is likely wrong, and how looking through to the underlying investments in an SIPP may keep large portions of a UK pension outside the UK inheritance tax net.

In this episode, Richard and Tobias take a detailed look at:

The big picture: An overview of the 2027 UK inheritance tax change on pensions.

Practical planning opportunities: How to structure or restructure your SIPP investments.

What to do if you have an old defined benefit pension.

Pension Commencement Lump Sums: Whether or not the UK 25% “tax-free lump sum” is tax-free in the US.

https://planfirstwealth.com/

72. Removing Tax Season Stress: The Hidden Risks of DIY Cross-Border Taxes

Thu, 05 Feb 2026 11:00:00 -0000

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 Taylor – dual UK/US citizen and Chartered Financial Planner – is joined by James Boyle – Lead Financial Planner at Plan First Wealth. They explore real-world examples of how even well-informed expats can misinterpret reporting requirements, sometimes resulting in costly mistakes, especially as retirement approaches. Richard and James also address listener questions on Pension Commencement Lump Sums (PCLS) and provide insights into Federal Reserve rates and the US financial markets.

Richard and James discuss:

Pension Commencement Lump Sum confusion: Why tax professionals may give different answers on whether the UK 25% pension commencement lump sum is taxable in the US.

DIY cross-border taxes: Why handling the US system alone can be risky, given its complexity and the severe penalties for mistakes.

The danger of "scaremongering": How US offshore reporting penalties can compound through penalty stacking, and how working with cross-border tax professionals can help avoid costly mistakes.

https://planfirstwealth.com/

71. The Exclusive Citizenship Act of 2025: Inaction Could Mean Losing Your US Citizenship

Thu, 29 Jan 2026 11:00:00 -0000

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 Act of 2025 are far-reaching and, in many cases, devastating.

Richard Taylor – dual UK/US citizen and Chartered Financial Planner – is joined by Virginia La Torre Jeker – US international tax attorney - to unpack what the Exclusive Citizenship Act of 2025 could mean, even if it never passes through Congress. They explore how the proposal could transform the expat experience for Americans and other immigrants in the US, compare it to existing immigration and tax rules, and examine how exit taxes may apply to anyone who loses or renounces US citizenship or green card status.

In this episode of Expat Wealth, Richard and Virginia discuss:

How the Exclusive Citizenship Act of 2025 would require dual citizens in the US to renounce all non-US citizenship within 12 months or be deemed to have voluntarily lost US citizenship.

How Supreme Court precedent bars Congress from stripping citizenship without voluntary intent, and how this bill attempts to bypass that protection.

What forced expatriation could mean for dual citizens, Americans abroad, and green card holders, including exit taxes on worldwide assets, punitive treatment of foreign pensions, and potential loss of Social Security or military pensions.

https://planfirstwealth.com/

70. Understanding Macroeconomics in 2026: What a Weaker Dollar and Global Turmoil Mean for Investors Abroad

Thu, 22 Jan 2026 11:00:00 -0000

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 currency dynamics shaping investment decisions for cross-border expats?

In this episode of Expat Wealth, Richard Taylor – dual UK/US citizen and Chartered Financial Planner – is joined by Brian Dunhill – founder of Dunhill Financial – to take a big-picture look at currency markets and explore practical ways to mitigate risk as the US dollar fluctuates. Despite geopolitical noise, markets have largely shrugged off concerns about the dollar’s currency cycle. Richard and Brian explain why they remain constructive on global equities, and what steps they’re taking in portfolios for expats who live, earn, spend, and retire across multiple currencies.

Richard and Brian unpack:

Why your investment strategy needs to match your global lifestyle. Where you earn income, where you spend it, and where you plan to retire should all influence your investment decisions: the currency denomination of your bonds, your asset allocation, and your liquidity requirements.

The good news: markets are holding steady. Despite political uncertainty and geopolitical tensions, inflation is moderating, and tariffs have had limited impact. Potential interest rate cuts could support equity markets, particularly if the US dollar weakens.

Be cautious with high-risk strategies. Leveraged approaches like yen carry trades, cryptocurrency, and exotic private investments carry significant risks. As an expat, stay informed about these strategies but don't be drawn into them. Focus on liquid, transparent public markets where you have clear visibility and access to your investments.

https://planfirstwealth.com/

69. Retiring Abroad: Will Your UK Tax-Free Lump Sum Be Taxed in the US?

Thu, 15 Jan 2026 11:00:00 -0000

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 Wealth, Richard Taylor – dual UK/US citizen and Chartered Financial Planner – is joined by Chris Hall – International Income Tax & Social Security Specialist at PKF O’Connor Davies – to discuss the upcoming UK IHT changes. They explore the importance of UK pension reporting upon arriving in the US, whether opening a Self-Invested Personal Pension (SIPP) makes sense, and how to design a coordinated retirement income and inheritance strategy.

Richard and Chris take a detailed look at:

IRS pension reporting requirements and how they apply for expats in the US.

Pension Commencement Lump Sums (PCLS) and whether they are truly tax-free for UK expats in America.

UK inheritance tax changes and what they mean for unused UK pensions held by persons living abroad.

Strategic financial planning before, during, and after moving abroad, including retirement and estate considerations.

https://planfirstwealth.com/

68. Introducing Expat Wealth

Thu, 08 Jan 2026 11:00:00 -0000

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 has rebranded to Expat Wealth, broadening the conversation beyond the American border. In this episode of Expat Wealth, Richard Taylor – dual UK/US citizen and Chartered Financial Planner – is joined by James Boyle, Lead Financial Planner and Partner at Plan First Wealth, to explain why the podcast is changing and what that means for listeners going forward.

Here’s what to expect from Expat Wealth:

1st Thursday of the month: Richard is joined by James Boyle, Partner at Plan First Wealth. Together, they take you behind the scenes as they are building a business that serves the expat community. Get advice guidance for expats and retirement planning tips.

2nd & 4th Thursdays of the month: Expert interviews featuring top voices in cross-border tax, finance, estate planning, immigration, and more. Get expat tax advice tips from experts professionals and learn more about your tax and legal obligations.

3rd Thursday of the month: A global economic and investment roundup to help you stay ahead of the game with Brian Dunhill, founder of Dunhill Financial and American investment advisor based in the UK. Get cross border financial planning advice tips to help you plan for a better retirement.

About Expat Wealth:

Expat Wealth is dedicated to helping ambitious US-connected expats and immigrants navigate those challenges — and thrive. 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.

Expat Wealth is supported by Plan First Wealth. Plan First Wealth is a Registered Investment Advisor serving fellow expatriates and immigrants living across the US on matters such as retirement planning, investment management, tax planning and non-US asset management.

https://planfirstwealth.com/

Trailer – Expat Wealth

Thu, 08 Jan 2026 09:00:00 -0000

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 citizen and Chartered Financial Planner – explores the critical topics you need to understand to protect your financial security and make the most of your global life. From tax and compliance pitfalls to investment planning and estate strategies, our team of expat wealth advisors cover what matters most to cross-border individuals.

Here’s what you can expect on Expat Wealth:

1st Thursday: Richard is joined by James Boyle, Partner at Plan First Wealth. Together, they take you behind the scenes as they are building a business that serves the expat community. Get advice guidance for expats and retirement planning tips.

2nd & 4th Thursdays: Expert interviews featuring top voices in cross-border tax, finance, estate planning, immigration, and more. Get expat tax advice tips from experts professionals and learn more about your tax obligations.

3rd Thursday: A global economic and investment roundup to help you stay ahead of the game with Brian Dunhill, founder of Dunhill Financial and American investment advisor based in the UK. Get cross-border financial planning advice tips to help you plan for a better retirement.

You will like Expat Wealth if you like The Expat Money Show and Gimme Some Truth “Expat” Podcast.

https://planfirstwealth.com/

67. For Americans Considering a Move Outside the US: Guidance to Become an Expatriate from America | Move to Europe with Brett Andrews

Wed, 31 Dec 2025 11:00:00 -0000

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 The Brits In America, Richard Taylor – dual UK/US citizen and Chartered Financial Planner – decodes the migration process with Brett Andrews – Co-founder of Expatsi. Acquiring European residency can be confusing, but some countries offer multiple pathways, including student, digital nomad, and retirement visas. Many of these options depend on the applicant’s financial stability, raising an important question: how are American expats preparing and positioning themselves for their big move?

Richard and Brett unpack:

The lifestyle differences between the US and Europe.

The requirements and benefits of various visa pathways.

Solutions to the most common barriers Americans face when relocating.

How to navigate the emotional and logistical challenges of moving abroad.

More about We’re The Brits In America:

We're The Brits In America is dedicated to helping ambitious US-connected expats and immigrants navigate those challenges — and thrive. 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.

Visit planfirstwealth.com to learn more about our services and connect with Richard Taylor on LinkedIn.

We're The Brits In America is affiliated with Plan First Wealth LLC, an SEC registered investment advisor. The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth.

66. Lower Taxes and Better Wine: Feel Confident About Your Decision to Move Abroad and Avoid Double Taxation | Move to Europe with Brian Dunhill

Wed, 24 Dec 2025 11:00:00 -0000

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 citizens avoid and/or mitigate double taxation when relocating to France and other European countries by reviewing the potential pitfalls.

Richard Taylor – dual UK/US citizen and Chartered Financial Planner – is joined by Brian Dunhill – Founder of Dunhill Financial – to explore the financial benefits of moving to Europe for Americans, and how to protect financial assets from double taxation and unclear tax laws. Financial preparation allows expats to enjoy the food, culture, and lifestyle of their new home without unnecessary stress.

In this episode of We’re The Brits In America, Richard and Brian take a detailed look at:

How living in countries like France can result in lower taxes than in many US states.

The impact of currency fluctuations on investment portfolios and strategies to mitigate these risks.

The importance of pre-arrival financial planning to avoid tax pitfalls, and how advisory services can help navigate cross-border investments.

The pitfalls associated with Passive Foreign Investment Companies (PFICs) and the significant tax reporting challenges they pose.

More about We’re The Brits In America:

We're The Brits In America is dedicated to helping ambitious US connected expats and immigrants navigate those challenges — and thrive. 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.

Visit planfirstwealth.com to learn more about our services and connect with Richard Taylor on LinkedIn.

65. Navigating Estate Planning: How Expats Can Avoid Unexpected Taxes | Moving to Europe with Paula Jones

Wed, 17 Dec 2025 14:56:00 -0000

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 of their loved ones before moving internationally and consider how their new country of residence will interact with global regulations because US citizens and green card holders are taxed on their worldwide income and estate, even when living abroad.

In this episode of We’re The Brits In America, Richard Taylor – dual UK/US citizen and Chartered Financial Planner – speaks to Paula Jones – founder of Jones Estate Group, Inc – to talk about the pitfalls of estate planning as an American abroad.

Richard and Paula discuss:

· The intricacies of working globally and the decision-making process involved in potentially claiming residency in another country, like France or Portugal.

· Principles around setting up estate plans both domestically and internationally, focusing on avoiding pitfalls such as adverse tax consequences.

· The severity of exit taxes for expatriates and green card holders.

· How international estate planning can intersect with tax obligations in both the US and prospective European countries.

· The importance of cross-border estate planning and tax professionals to avoid costly DIY mistakes.

More about We’re The Brits In America:

Visit planfirstwealth.com to learn more about our services and connect with Richard Taylor on LinkedIn.

64. Investing from Abroad: How Americans Should Protect Their Assets from Overseas | Move to Europe with Katelynn Minott

Wed, 10 Dec 2025 12:00:00 -0000

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 advisors is essential for making smart, legal, and cost-effective financial decisions. Moving abroad is exciting, but it’s easy to fall into tax traps that can have costly consequences.

Richard Taylor - dual UK/US citizen and Chartered Financial Planner - is joined by American Katelynn Minott - CPA at Bright!Tax, to explore the key tax challenges Americans face when moving abroad. They discuss common compliance pitfalls, strategies to avoid expensive errors, and the benefits of proactive planning with specialist advisors to successfully navigate cross-border financial obligations.

In this episode of We’re The Brits In America, Richard and Katelynn explore:

The importance of adhering to both US and foreign tax obligations and how misinformation can lead to costly mistakes.

The difficulties Americans face with foreign banking due to the Foreign Account Tax Compliance Act (FATCA), and strategies for managing financial affairs while abroad.

PFICs and why they can be financially devastating for expatriates if not managed properly.

Considerations and implications of renouncing US citizenship.

More about We’re The Brits In America:

Visit planfirstwealth.com to learn more about our services and connect with Richard Taylor on LinkedIn.

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

Wed, 03 Dec 2025 11:00:00 -0000

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 down with Alex Ingrim, President & Co-Founder of Liberty Atlantic Advisors, and David Cantor, immigration attorney and founder of Relocate. Both are American expats living in Italy, bringing firsthand insight into what it really takes to establish a sustainable life in Europe.

Richard, Alex, and David take a detailed look at:

Why moving to something and not away from something is essential for a successful relocation
How immigration frameworks differ across Europe, and why there’s almost always a viable pathway if you know where to look
The biggest mistakes Americans make, including choosing countries based solely on visas or cost of living
Why US citizens face unique tax and administrative challenges abroad — and how treaties can sometimes turn those into advantages (like in France)
How to evaluate countries based on your asset base, tax position, lifestyle goals, and tolerance for complexity
Why Spain, Italy, Portugal, and France all offer opportunities, but come with radically different wealth taxes, reporting rules, and planning considerations
The growing trend of younger families relocating, driven by quality of life, education, and cultural exposure for children
The mindset shift required to embrace uncertainty, build a life in a new culture, and take control of your own expat journey

More about We’re The Brits In America:

If you’re enjoying the show, please consider leaving a 5-star rating and review to help the mission, which is to help expats and immigrants thrive in America. Visit planfirstwealth.com to learn more about our services and connect with Richard Taylor on LinkedIn.

62. The Complexities of Having a UK Pension in the US: Navigating Pension Commencement Lump Sums | From The Trenches with James Boyle

Wed, 26 Nov 2025 14:08:00 -0000

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 Chartered Financial Planner – is joined by James Boyle – Lead Financial Planner at Plan First Wealth – to break down the UK’s 25% retirement lump sum, or PCLS. Many expats want to bring that lump sum with them when they move to the United States because it’s tax-free in the UK. However, the only way to obtain a definitive interpretation of the US UK tax treaty is through court proceedings. Until then, the guidance of qualified cross-border tax professionals is essential when reviewing the treaty’s provisions on retirement funds.

In this episode of We're The Brits In America, Richard and James explore:

· The 25% tax-free lump sum from UK pensions and its potential tax implications in the US.

· The ambiguity of tax treaties between the US and UK and how this affects pension income.

· The importance of engaging with qualified cross-border tax professionals.

More about We’re The Brits In America:

Visit planfirstwealth.com to learn more about our services and connect with Richard Taylor on LinkedIn.

61. Annuities and Insurance: How British Expats Can Protect Themselves | Ask An Expert with Mark Maurer

Wed, 12 Nov 2025 11:00:00 -0000

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/US citizen and Chartered Financial Planner, and Mark Maurer - President and CEO of LLIS, discuss the complexities of insurance and annuity products in the United States that often take expatriates by surprise when they’re cross-border financial planning.

Richard and Mark take a detailed look at:

The key differences between UK and US insurance products, and the nuances of the American market.
The pros and cons of different policy types and how they fit into broader financial strategies.
Indexed Universal Life (IUL) policies, their features, and why they may not always be the best investment option.
The different types of annuities, common misconceptions, and when they might be appropriate for investors.
The potential downsides of tax deferral and how taxation works with annuities.
Income riders on annuities, their benefits, and the cost implications of these add-ons.

More about We’re The Brits In America:

We're The Brits In America is dedicated to helping ambitious US-connected expats and immigrants navigate those challenges — and thrive. 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.

60. Bull Market or AI Bubble? How to Invest When Hype Meets Reality | From the Trenches with James Boyle

Wed, 29 Oct 2025 10:00:00 -0000

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 technology, over investment, and inevitable correction-from railways to electricity to the internet.

Richard and James compare today’s “AI megatrend” with historical booms and discuss the key differences this time around, including the profitability of the companies leading it. They also outline practical steps for investors-especially those at or near retirement weather potential volatility and avoid emotional, short-term decisions.

In this episode, they discuss:

• Whether the current market surge signals a bubble or a paradigm shift.

• What history’s great investment manias teach us about the AI boom.

• How to distinguish long-term investing from short-term speculation.

• The importance of asset allocation, diversification, and “sequence of returns” planning.

• Why investor psychology-not just market fundamentals-drives crashes.

More about We’re The Brits In America:

With the right financial advice, landmines that threaten expat wealth can be avoided. Often encountered by U.S. -connected expats, these financial landmines are more numerous, more hazardous, and less understood than almost anywhere else in the world. As a result, non-cross-border professionals, wealth advisors, and even international advisors are often unaware of them. But don’t worry, We're The Brits In America has you covered.

We're The Brits In America is dedicated to helping ambitious U.S.-connected expats and immigrants navigate those challenges - and thrive. Whether you’ve moved to the U.S. 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.

59. Building the Right Team for Your International Move: Integrated Financial Planning for British Expats | Ask An Expert with Holly Caulder and Aidan Grant

Wed, 15 Oct 2025 10:00:00 -0000

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 financial logistics of moving between the U.K. and the U.S.

Host Richard Taylor - dual U.K./U.S. citizen and Chartered Financial Planner leads a conversation alongside Holly Caulder and Aidan Grant, delving into the complexities faced by British expats navigating the U.S.-U.K. cross border financial landscape. They explore common planning opportunities and the essential role of a coordinated cross-border advisory team.

In this episode, Richard, Holly & Aidan explore:

When residency for tax purposes starts.
The critical timing of tax and legal planning before moving to the U.S.
Reporting requirements for non-U.S. financial accounts and the consequences of ignoring them.
The issue of Passive Foreign Investment Companies (PFICs) and how they are taxed.
Challenges with holding ISAs in the U.S. and unexpected U.S. tax implications.
Complications and opportunities in estate planning across borders, especially involving trusts.

More about We’re The Brits In America:

We're The Brits In America is dedicated to helping ambitious U.S.-connected expats and immigrants navigate those challenges — and thrive. Whether you’ve moved to the U.S. 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.

58. Filing Taxes as a British Expat in America: Why Professional Advice Matters | From The Trenches with James Boyle

Wed, 01 Oct 2025 11:00:00 -0000

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 Financial Planner at Plan First Wealth – to tackle the subject of tax compliance for expatriates. They discuss the complexities that expatriates face, particularly when it comes to cross-border financial planning and seeking specialised expat tax advice.

In this episode of From The Trenches, Richard and James explore:

The risks of non-specialized tax advice
The U.K. Deputy Prime Minister Angela Rayner's recent tax issues – what do they tell us about the importance of getting the right advice?
The importance of proactive planning
The emotional and financial impacts of non-compliance

More about We’re The Brits In America:

With the right financial advice, landmines that threaten expat wealth can be avoided. Often encountered by U.S.-connected expats, these financial landmines are more numerous, more hazardous, and less understood than almost anywhere else in the world. As a result, non-cross border professionals, wealth advisors, and even international advisors are often unaware of them. But don’t worry, We're The Brits In America has you covered.

We're The Brits In America is dedicated to helping ambitious U.S.-connected expats and immigrants navigate those challenges — and thrive. Whether you’ve moved to the U.S. 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.

We're The Brits In America is affiliated with Plan First Wealth LLC, an SEC registered investment advisor. The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth.

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

Wed, 17 Sep 2025 10:00:00 -0000

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 Rooney Law - about his journey moving to the U.S., from Edinburgh to Texas and finally to New York. They discuss the evolving American landscape and the old ideals of the American Dream, and it’s not all doom and gloom. Allan shares how he built wealth in New York off the back of his successful legal career, and how other expats can too. Richard and Allan also offer insights into the challenges of obtaining a US visa and share their personal experiences with securing a Green Card.

In this episode of Ask An Expert on We’re The Brits In America, Richard Taylor and Alan Rooney give you a detailed look at:

Legal Risks for Foreign Businesses: The importance of establishing an entity for U.S. tax liability protection and legitimacy.
Trademark and Employment Challenges: Why securing trademarks and understanding employment laws are critical to avoiding costly legal battles.
Cultural and Financial Disparities: The differences in business culture and expenses between America and other countries.
Visas and Immigration Issues: Stories of businesses mishandling immigration laws and the repercussions they face.
Economic Climate and Business Opportunities: How global trade policies and U.S. regulations affect international companies.
Networking and Success: The role of community, relationships, and networking in achieving business success in the U.S.

More about We’re The Brits In America:

We're The Brits In America is dedicated to helping ambitious U.S.-connected expats and immigrants navigate those challenges — and thrive. Whether you’ve moved to the U.S. 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.

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

Wed, 03 Sep 2025 10:00:00 -0000

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 navigating these challenges to promote financial security and compliance, including how to avoid the potential pitfalls of Roth IRA conversions.

In this episode of From the Trenches on We’re the Brits in America, Richard Taylor and James Boyle – Lead Financial Planner at Plan First Wealth - explore:

Navigating Inheritance for Expats

Challenges when receiving an inheritance from non-US persons.

The crucial importance of filing Form 3520 to avoid severe IRS penalties.

Complications with Trusts and Offshore Bonds

Issues with UK-centric advice for US persons.

Potential tax problems with foreign trusts and passive foreign investment companies (PFICs).

Roth IRA Conversions

Explanation of Roth IRA conversions and their benefits.

Potential pitfalls like affecting healthcare premiums and tax brackets.

New considerations following recent legislative changes.

Importance of a Cross-Border Tax Advisor

Benefits of having a qualified tax advisor to navigate international tax intricacies and offer valuable US tax help.

More about We’re the Brits in America:

With the right financial advice, landmines that threaten expat wealth can be avoided. Often encountered by US-connected expats, these financial landmines are more numerous, more hazardous, and less understood than almost anywhere else in the world. As a result, non-cross border professionals, wealth advisors, and even international advisors are often unaware of them. But don’t worry, We're the Brits in America has you covered. We're the Brits in America is dedicated to helping ambitious U.S.-connected expats and immigrants navigate those challenges — and thrive. Whether you’ve moved to the U.S. 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.

55. Statutes of Limitations & Tax Compliance: Are You Really Ready to File? | Ask An Expert with Virginia La Torre Jeker

Wed, 20 Aug 2025 10:00:00 -0000

"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, host and founder of Plan First Wealth Richard Taylor talks to Virginia about the best ways to navigate the complexities of US taxation for expats. Do you know what it means for a tax return to be ‘open’? If you don’t, you should. You’ll learn about:

Tax statutes of limitations and their implications on cross-border taxpayers.
The consequences of missing forms and how it may leave tax returns perpetually open for IRS examination.
Denaturalization and its potential tax implications.
The importance of accurately filing foreign information returns and how failing to do so can result in penalties.

Virginia and Richard stress the importance of informed decision-making in tax filings. Whether you’re an expat, an immigrant to the US, or assisting international families, this episode is a fundamental listen to help you thrive financially and secure your retirement.

We're the Brits in America is affiliated with Plan First Wealth LLC, an SEC registered investment advisor. The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth.

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

Wed, 06 Aug 2025 10:00:00 -0000

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 was the result? And why is it such a problem? You’ll find out in this episode of From The Trenches.

Richard and James share real-world stories that highlight how easy it is to fall into tax traps when dealing with cross-border investments, especially for UK expats living in the US. You’ll hear how well-meaning financial decisions can backfire without the right context or professional advice, particularly around things like ISAs, investment trusts, PFIC reporting, and the long-term implications of missing forms like 3520 and 8621.

Plus, expert advice and insight into retirement readiness. Richard and James explores what changes when you stop earning, why even successful DIY investors often hand over the reins, and how complex planning becomes when you're managing assets across two tax systems. If you're a Brit in America navigating retirement, tax compliance, or residency decisions, this episode will help you avoid costly mistakes, understand the emotional weight of retirement planning, and see the real value of cross-border financial advice.

53. How The UK’s Statutory Residence Test Works, And How You Can Stay Compliant | Ask An Expert with Aidan Grant

Wed, 23 Jul 2025 10:00:00 -0000

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 and Richard explore:

· How the UK’s Statutory Residency Test (SRT) works (and how easy it is to trip over it)

· The four key ties HMRC uses to determine how many days you can spend in the UK

· Why pre-arrival tax planning is still critical, even under the new system

· What happens if you inadvertently trigger UK tax residency

· When and how to claim split year treatment or treaty relief

· The four-year ‘foreign income and gains’ regime, and how to use it strategically

· Why staying under the threshold in early years can protect you from UK inheritance tax down the line

If you're a Brit in America considering a return home, or even just thinking of spending part of the year working in the UK, this episode could save you a lot of money, time, and stress.

To get more insights like this direct to your inbox, sign up at www.planfirstwealth.com

52. A Real Doozy | From The Trenches with James Boyle

Wed, 09 Jul 2025 10:00:00 -0000

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.

Plus, a few cautionary tales: Richard has a friend who – for years – has been constantly predicting a catastrophic market crash. As a result his investment plan is needlessly conservative. Another acquaintance tells of his experience with the 2008 market crash; panic selling resulted in the loss of huge returns over the decades.

Richard and James discuss another investor who made a common mistake, siloing US and UK tax advisors and not giving his advisors on either side the full picture. Despite investing in cross-border advice from one of the better-known tax advisory firms in the business, the client might now face PFIC tax issues in the hundreds of thousands.

The bottom line: ensure you have the right advisors and they are working together. The unique workings of the US tax system and its state-based rules are confusing for expats – make sure you get the right advice.

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

Wed, 25 Jun 2025 10:00:00 -0000

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, shareholders of controlled foreign corporations and beneficiaries of non-US trusts. If this is you, you won’t want to miss this episode.

The potential landmines are significant, so you’ll hear how Holly and Richard would advise you to:

Report UK Pensions Correctly in the US

If you have a UK pension, it must be reported on key US tax forms like the FBAR and Form 8938, even if it’s inactive and no new contributions are being made. Holly stresses that failing to do this can lead to serious IRS penalties.

Use the US-UK Tax Treaty to Your Advantage

The US-UK tax treaty can help reduce your tax bill. Filing Form 8833 lets you claim treaty benefits, such as excluding UK pension growth from US tax. Richard points out that doing this every year can save money and avoid trouble.

Plan Pension Moves Carefully

Thinking about rolling over your pension or taking a distribution (e.g. transferring to a SIPP)? Talk to a tax advisor first. Holly notes that claiming treaty exemptions early and knowing state tax rules (like in California vs. New York) can prevent surprise taxes. Get advice before making any moves to stay compliant and minimise tax.

If you're enjoying the show, please follow it wherever you’re listening to it now, and consider leaving a 5 star rating and review to help the mission, which is to help expats and immigrants thrive in America. Visit planfirstwealth.com to learn more about our services and connect with Richard Taylor on LinkedIn.

50. Turning Market Volatility Into Tax Savings - 50th Episode Special | From The Trenches with James Boyle

Wed, 11 Jun 2025 10:00:00 -0000

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 when the pressure is on.

Richard and James break down how to navigate volatility with a clear head and a smart strategy. You’ll hear their advice on how to:

· Stay invested during downturnsand why resisting the urge to panic can preserve your wealth and even unlock powerful tax advantages.

· Use tax-loss harvesting to your advantage including a real client example where staying the course led to over $20,000 in carry forward losses to offset future gains.

· Avoid emotional investing traps and what the infamous (but false) “dead investor” myth still gets right about behaviour and market performance.

· Watch the economic signals that matter like May’s surprising rally and why upcoming jobs data could shape Fed decisions and market sentiment.

49. Everything You Need To Know About Tax Compliance – From An IRS Veteran | Ask An Expert with Dan Price

Wed, 28 May 2025 10:00:00 -0000

“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 attorney, two years into running his own firm but with almost 20 years of experience at the IRS Office of Chief Counsel. While there he established programs designed to aid individuals in becoming tax compliant, and covered both criminal and civil IRS audits. He knows his stuff, so it’s a privilege to have him on the show to take us behind the scenes at the IRS and give you expert advice on staying tax compliant.

We talk about:

· The cost of compliance for middle-class tax payers. What qualifies as middle-class? And what are the costs of being in non-compliance? Hint: they’re significant.

· How to streamline your filing with the IRS. As Dan explains, there are myriad systems and procedures in place to catch wilful non-compliance. You can’t beat the algorithm, so don’t try.

· The difference between true ignorance, or wilful blindness, and knowingly ignoring tax obligations.

if you're an expat or an immigrant and you came here mid-career, there's a very good chance you're in some form of non-compliance. Don't bury your head in the sand. It's very possible the IRS already has information about you and it might one day catch up with you. There are solutions, palatable solutions, as you’ll hear in this episode.

For more information on Daniel N Price LLC, visit pricetaxlaw.com

48. Mastering The Art of Doing Nothing | From The Trenches with James Boyle

Wed, 14 May 2025 10:00:00 -0000

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 accumulated the most wealth over time for which the account holders had stopped managing after they passed away. It’s slightly morbid but the lesson – and it’s one we at Plan First Wealth talk about every week – is that trying to time the market is impossible, and you just need to stick to your plan, and buy and hold.

That’s especially true at the moment: so much happened in March, and yet it seems as if nothing happened in April; month-on-month, minimal changes in the markets. The S&P fell less than 1%. The NASDAQ closed up 1%.

So what are the lessons for your portfolio management and retirement planning in these times of volatility followed by relevant calm? To find out, Richard Taylor and James Boyle are back in the trenches, showing you behind the scenes at Plan First Wealth and analysing the market movements (and lack thereof).

This week you’ll hear how:

You can ignore the short-term noise
You can manage the emotions that influence your financial decisions
The major tax implications for expats around PFICs (listen back to the previous episode with Brian Dunhill for more on this)

47. PFICs: The Number One Expat Landmine That Can Easily Be Avoided

Wed, 30 Apr 2025 10:00:00 -0000

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:

What PFICs are and why they’re a major tax trap for US citizens and expats.
How IRS rules make foreign investing more complicated, and costly.
Ways to avoid harsh penalties, including using the Streamlined Filing Compliance Procedures.
Smart investment strategies that steer clear of PFIC issues while still diversifying internationally.
How the DF Direct platform lets you invest in non-U.S. currencies without triggering PFIC rules.

Brian shares real-life stories of expats who’ve navigated PFIC trouble - and how they got out of it. Brian is the founder of Dunhill Financial, a firm that specialises in cross-border financial planning and wealth management. The firm is based in London and focuses on assisting Americans living abroad and expatriates in the United States.

Brian and his firm are adept at handling financial advisory needs that cross national borders, particularly involving US and European regulations.

46. Trump, Tariffs, Mayhem - The Week From Investing Hell | From The Trenches with James Boyle

Wed, 16 Apr 2025 10:00:00 -0000

"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 stress the need to stay on course, even when the stock market feels like a rollercoaster. A steady investment strategy is key to preserving long-term gains and avoiding reactive trading pitfalls.

Right after the market dropped, the S&P 500 bounced back with a 10% gain the third-highest since World War II, a perfect example of the volatility that can trap you into trying to time the market. Richard emphasises that while it's natural to want to act during downturns, a buy-and-hold strategy helps you benefit from market recoveries instead of locking in losses by selling at a low.

Also, consider how taxes impact your financial returns. Using strategies like tax-loss harvesting during downturns can boost your after-tax returns. This involves selling losses to offset gains, reducing taxable income, and is valuable for long-term portfolio health. In times of market volatility, make sure your investment strategy matches your risk tolerance and financial goals.

45. Leaving the USA: Relinquishing Green Card / Renouncing US Citizenship - Beware The Exit Tax | Ask an Expert with Virginia La Torre Jeker, J.D.

Wed, 02 Apr 2025 10:00:00 -0000

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 tax professional. Together they talk about what green card holders and US citizens need to know before giving up their status. They break down the risks of becoming a “covered expatriate,” how the exit tax works, and why signing the wrong form at the border can have big consequences.

Plus, Virginia shares tips on how to plan ahead to avoid major tax issues. One of those is the exit tax: covered expatriates are treated as if they sold all their assets the day they expatriate - even if they haven’t. In the case of IRAs and similar retirement accounts, the IRS treats the entire balance as a taxable distribution, potentially triggering a tax bill without the expat actually accessing any of the funds.

If you’ve got a million dollars in an IRA, the IRS is going to treat it like you've just received a million dollars of IRA income - taxable at the highest rate, up to 37%. That hurts.

Find out how to avoid this, right here.

44. Retirement Strategies Amid S&P 500 Fluctuations: What Are Your Options? | From The Trenches with Richard Taylor and James Boyle

Wed, 19 Mar 2025 10:00:00 -0000

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 crucial, how tax loss harvesting can boost returns, and why diversification is key for long-term success. Plus, you’ll get practical strategies to navigate financial uncertainty. As we always say on the show, keep calm, stick to your plan, and ride out the uncertain times.

Beyond the numbers, Rich and James dip into the pick-n-mix, with book recommendations like Die with Zero by Bill Perkins and 4000 Weeks by Oliver Burkeman, which encourage you to rethink wealth and time. If you're an expat or immigrant looking to make smarter financial moves in the US, this one’s a must-listen.

43. UK Domicile & Tax Changes: What You Need to Know About the Changes to Worldwide Assets

Wed, 05 Mar 2025 12:00:00 -0000

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 advises cross-border families and expats on navigating complex taxation and estate planning issues. The new rules in the UK are certainly complex.

Plus, for those moving back to the UK or coming for the first time after being abroad for over 10 years, you can leverage the FIG regime; it allows a four-year tax exemption on foreign income and gains. This can be strategically used to manage assets and liquidate investments without UK tax burdens. How do you do it? Aidan and Richard discuss.

42. Bubbles, Tariffs & General Chaos | From The Trenches with James Boyle

Wed, 19 Feb 2025 12:00:00 -0000

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 of 2025, Richard Taylor and James Boyle are back in the trenches. They talk about the importance of diversification: ‘if you want to grow it, diversify. If you’re out to make money and you’re willing to lose it all, concentrate”, says Richard.

James shares insights on the current market volatility and what it means for your retirement planning. Plus, as always, how to ensure you stay tax compliant as an expat in the US.

41. Finding Peace in Uncertainty: What Two Cancer Diagnoses Taught Keith Hunt | Always An Expat

Wed, 05 Feb 2025 05:00:00 -0000

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 approach influenced by his family’s medical history, and the efficiency of the US healthcare system. After treatment in the US he won the battle, but then the second sucker punch hit him – a diagnosis of brain cancer, unrelated to his pancreatic cancer.

Richard Taylor talks to Keith about this experience, the remarkable resilience he’s shown and how the past few years have shaped his perspective on being an expat. People talk a lot about the US healthcare system, and it’s not without its faults. But despite the costs there’s no doubt it provided Keith live-saving care. Would the same be true in the UK with the NHS?

This is a must listen for any expat. ‘I am here today because we came to the US,’ says Keith.

40. Welcome the Wobble | From The Trenches with James Boyle

Wed, 22 Jan 2025 11:00:00 -0000

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 importance of proactive tax planning for expats and immigrants.

39. There Are SEVERE Penalties for Tax Non-Compliance. Here’s How to Avoid Them | Ask An Expert with Ishali Patel

Wed, 08 Jan 2025 11:00:00 -0000

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 critical need for early, specialised cross-border tax advice. Thankfully, we’ve got it here. Richard Taylor is joined for this week’s Ask An Expert by Ishali Patel, Senior Director at Trowbridge Professional Corporation

They explore key issues like informational returns (FBAR, Form 3520), the PFIC regime for non-U.S. investments, and double-taxation risks when working across states. If you do a couple of days work a week in another state you could be taxed twice! It’s bonkers, but need-to-know stuff. Ishali also shares insights on avoiding costly penalties and managing UK pensions under US rules.

38. Hope Springs Eternal - 2024 in Review | From The Trenches with James Boyle

Wed, 18 Dec 2024 18:00:00 -0000

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 in the trenches, this time with CCO at Plan First Wealth Martha Kern.

Together they discuss the ‘Santa Claus rally’ often predicted for the holiday season, the complexities of Medicare and how to avoid expensive mistakes in your pre-retirement planning. Plus, tax compliance and ‘reasonable cause’: it was a big talking point this year, but what does it all mean for you?

37. IRS Penalty Abatement: How Reasonable Cause Works | Ask An Expert with Virginia La Torre Jeker

Wed, 11 Dec 2024 12:00:00 -0000

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 facing IRS penalties, such as those for missed informational returns. They explore the importance of due diligence, the nuances of working with competent tax professionals, and the costly risks of ignorance or willful blindness. Packed with practical advice and insights, you’ll hear how to proactively manage your tax obligations and avoid costly mistakes.

36. Retiring in America: What You Need to Know About Healthcare | Ask An Expert with Misty Kimbrough

Wed, 27 Nov 2024 12:00:00 -0000

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? Brace yourself for Medicare, a system that promises to help, but can often fall short, leaving you exposed to catastrophic costs if you don’t know how to protect yourself.

This isn’t just a financial challenge; it’s a cultural one. Brits aren’t used to thinking about premiums, deductibles, or co-pays, let alone the maze of Medicare Part A, B, C, and D. The stakes couldn’t be higher: healthcare decisions in the U.S. directly impact your financial future, your physical wellbeing, and ultimately, your quality of life – it’s important stuff, so listen up!

This week for Ask an Expert, Richard Taylor confronts the stark reality of navigating healthcare as an expat and is joined by none other than Misty Kimbrough, CEO of Red Apple Insurance and an expert in Medicare and pre-Medicare planning, to untangle the intricacies of this system and tell us all what we need to know.

35. Decisions, Dollars and Domicile: How US Elections and UK Tax Shifts Impact Expats | From The Trenches with James Boyle

Wed, 13 Nov 2024 12:00:00 -0000

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 and the potential impacts for British expats in America.

As they dissect market reactions, interest rates, and tax changes, Richard and James keep coming back to a timeless message: stay invested, stay steady, and remember that real financial security is about more than just your portfolio - it’s about building a life that you love. Remember folks, we’ve got one life – take advantage of your health, wealth and time!

Be sure to listen for practical insight with a refreshing reminder to think big picture amid the white noise of the world.

Always an Expat is affiliated with Plan First Wealth LLC, an SEC registered investment advisor. The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth.

34. How FX Brokers Help You Avoid Thousands In Fees | Ask An Expert with David Nixon

Wed, 30 Oct 2024 11:00:00 -0000

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 FAQs of foreign currency conversion through a broker. You’ll find out how Currencies Direct offer solutions for clients who need to transfer large amounts of money or navigate banking limits. Plus, Richard and David talk about their strategies for navigating the complexities of property transactions in the US.

33. Don't Just Do Something, Stand There | From The Trenches with James Boyle

Wed, 16 Oct 2024 11:00:00 -0000

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 and your financial plans?

To find out, James and Richard don their helmets and gear up for another slog through the trenches, analysing the latest in financial markets and sharing their plans.

It’s the same thing we talk about always on the show: the psychological impact of market highs and lows has to be controlled. Investors fearing a looming crash despite continued growth is a textbook example of what not to do.

Also last week, Republican nominee Trump made an announcement about tax policies for US citizens living abroad; what has he said he’ll do if elected in November and what would the impact be?

For more information and insights on everything we talk about on the show, head to planfirstwealth.com

32. Swapping Notes With An Aussie Financial Planner | From The Trenches with GFPI Founder Ashley Murphy

Wed, 02 Oct 2024 11:00:00 -0000

“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 Wealth Strategists and the Global Financial Planning Institute. Ashley shares his journey from corporate finance to starting his own firm and specializing in cross-border financial planning for Australians and Americans.

Many expats, especially Australians moving to the US, fail to understand the long-term implications of their immigration status on their financial planning. There are unique tax advantages available to those who plan their entry and exit from the US carefully, but many miss out on these benefits because they don’t seek advice early enough. Many Australians in the US, particularly those on temporary visas, often unknowingly commit to green cards or permanent residency without realizing the financial consequences. For instance, long-term US residents may face an "exit tax" if they leave the country or miss out on tax benefits available only to temporary visa holders.

Bluey is a story of success; an Australian who cracked the US market. Set yourself up for the same success with the lessons learned in this episode.

31. You Come To The US To Make It, Don’t Jeopardize That By Making Mistakes | From The Trenches with James Boyle

Wed, 18 Sep 2024 11:00:00 -0000

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? What’s the rest of the year got in store?

Rich was recently a victim of attempted identity theft, and he shares the steps he’s now taken to protect himself. There’s plenty of advice to stop it happening to you in this episode. Stay vigilant and listen closely.

Finally, remember the Bernie Madoff Ponzi scheme? What lessons are there to learn from that one?

This week’s From The Trenches is a mix of practical advice, personal stories and life lessons.

30. How to Get a US/UK Cross-Border Estate Plan Done | Ask An Expert with Paula Jones

Wed, 04 Sep 2024 11:00:00 -0000

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 discuss the importance of working with cross-border attorneys who have expertise in both US and UK law, as well as the need for a network of advisors to navigate the complexities of international estate planning.

If you are, as Paula refers to them, a multinational (you’ve got a business relationship with the US plus a non-US component), you’ll need to know the pitfalls of US federal and state estate taxes, inheritance taxes, and the differences in probate processes across states. Paula explains that probate fees and legal fees vary depending on the jurisdiction, and the process can be delayed if the probate office is backed up. Filled with the answers to the questions you need to know, this episode is a must for any multinational.

29. No One’s Built Wealth In A Savings Account | From The Trenches with James Boyle

Wed, 21 Aug 2024 11:00:00 -0000

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 have, somewhat paradoxically, both curtailed economic activity and increased spending among wealthier consumers, due to higher returns on cash and fixed-income investments.

Plus, watch out for financial scams! They’re getting increasingly sophisticated, targeting older people with large retirement savings. There’s a prominent scam called ‘pig butchering," where scammers isolate and manipulate victims, often by posing as legitimate entities like banks or government officials. Be vigilant, use safeguards such as two-factor authentication, different passwords, and be cautious with electronic payment platforms like Zelle. James highlights the importance of financial institutions and advisors playing their part, and being proactive in recognizing red flags to protect clients from falling victim to these scams.

28. US/UK Estate Planning 2 - Living Trusts | Ask An Expert with Aidan Grant

Wed, 07 Aug 2024 10:00:00 -0000

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 at Collyer Bristow LLP.

The use of a living trust can trigger significant inheritance tax liabilities in the UK. Transferring assets into such a trust can result in an immediate 20% inheritance tax charge on the value exceeding the UK’s nil-rate band (£325,000). It’s definitely something to be aware of.

Plus, many more practical steps and considerations for domiciles.

27. "Bears Sound Smart, Bulls Make You Money." | From The Trenches with James Boyle

Wed, 24 Jul 2024 11:00:00 -0000

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 impulses, but react to them at your peril!

Plus, how to take control of your retirement: Rich and James analyse the best ways to get on top of savings and navigate the unpredictability of the stock market.

In this episode:

06:34: UK Election and Change in Government

12:24: The Power of Systematic Investing

17:36: Retirement Savings and Taking Control

22:31: Fear of Market Downturn and Investor Psychology

24:12: Market Volatility and Long-Term Returns

25:11: Navigating the Unpredictability of the Stock Market

29:25: Understanding Inflation and Unemployment Rates

26. US/UK Estate Planning - What You Need To Know | Ask An Expert with Aidan Grant

Wed, 10 Jul 2024 11:00:00 -0000

A complex web of unique tax obligations could cost you millions – if you don’t know how to navigate it.

In recent years, as global mobility has increased, so have the financial details for expats. The UK’s inheritance tax system, with its comparatively low exemption thresholds, poses significant challenges for Brits who’ve amassed substantial assets in the States. Whilst the US offers more generous exemptions, it has its own estate planning complexities.

Navigating these waters requires more than just basic knowledge; it requires expert insight. Enter: Aidan Grant, Senior Associate in tax and trust planning at Collyer Bristow. He joins Richard on this week’s episode of Brits in America.

You’ll gain knowledge of the intricacies of estate planning, domicile status and the pitfalls of living trusts – if you’re a Brit living in America, you simply can’t afford to miss this episode!

25. How To Get Into IRS Tax Compliance – The Streamlined Procedures | Ask An Expert with Chris McLemore

Wed, 26 Jun 2024 11:00:00 -0000

The US taxation system is unique, complex and significantly different from the UK’s. It demands proactive compliance due to its stringent reporting requirements and severe penalties for failing to do so.

There’s a lot of noise in this space and a million different situations you could find yourselves in – that’s why it’s important to seek out cross-border tax experts for their niche advice.

This week, Richard Taylor is joined by Chris McLemore, Partner at McLemore Konschnik, a London based boutique law firm of US lawyers specializing in tax, trust and estate planning advice for US citizens and green card holders and their businesses, whether based in the UK or internationally.

They chat about the complex world of US tax compliance, particularly for British expatriates, and use their extensive knowledge to discuss why it's so crucial for expats to stay compliant with US tax laws, the common pitfalls they face, and the solutions available to them.

Expect to gain knowledge on navigating streamlined procedures, the difference between wilful and non-wilful compliance and the potential penalties for failing to report foreign income and assets – if you’re a Brit living in America, this episode is packed full of essential information you simply can’t afford to miss.

24: No Plan B: The Retirement Reality Check

Wed, 12 Jun 2024 11:00:00 -0000

Richard Taylor recaps recurrent themes and issues he’s seen throughout his career as a financial planner, as well as the principles that he’s built up to tackle them head on.

Rich imparts practical advice on several key points which he says are fundamental to his belief system and are key to successful financial planning, making it in America, and living a fulfilling life.

23. How To Make It In America | Ask An Expert with Duncan Edwards

Wed, 05 Jun 2024 13:00:00 -0000

“You have to treat it as a foreign country; you have to make the same kind of preparation for market entry as if you were preparing to go into India or Indonesia or somewhere else.”

That’s a quote from Duncan Edwards, guest on this episode of WTBIA. Despite the cultural similarities, treat the US like any foreign market – do your prep. Duncan is the CEO of the British American Business, a leading transatlantic trade organisation with 450 member companies. The BAB exists to strengthen trans-Atlantic business.

Preparation for market entry into the US, as a UK-based company, is critical, and that’s what Richard and Duncan discuss on the show. There’s a significant failure rate for companies attempting to enter the US market – Duncan explains how to avoid it.

Plus, the influence of Brexit on global trade dynamics, and the unique characteristics of the various US states.

22. Sell in May And Go Away? | From The Trenches with James Boyle

Wed, 29 May 2024 11:00:00 -0000

Richard Taylor and James Boyle are back, bringing you the latest reports and their unfiltered takes on what’s going in the world of US/UK cross-border investing and financial planning.

Rich and James start with a look at how the markets behaved in May, which was generally very positive. As said many times on the show before, it’s important not be reactive or make emotional investment decisions. Current events influencing long-term investment strategies is a common mistake. Don’t touch that third rail!

The conversation then turns to investment and tax implications for expats who may move back to the UK. What are the implications for reporting vs non-reporting funds? Avoid punitive tax liabilities with some key planning decisions.

Finally, the talk turns to retirement (sadly not their own) and, citing a recent New York Times Magazine piece, the importance of having something to retire to. Have you thought about your retirement plan? It’s crucial to have one. James and Rich weigh up the pros and cons of retiring early against continuing to work in a consultancy role.

21. Understanding Dual Taxation: It's Better to Go Talk to the IRS Than Have the IRS Come Looking for You | From The Trenches with Sean Kearney

Wed, 15 May 2024 11:00:00 -0000

Richard Taylor and Sean Kearney are in the trenches, giving you the latest reports and their unfiltered takes on what’s going in the world of investing and financial planning. Sean is the founder of Amvoy Wealth, an Irish/American financial planning and investment management firm based in Dublin and New York City.

You need to understand dual taxation. The US and Irish tax systems shouldn’t be viewed in isolation; Sean explains how they interact and how they can impact your financial planning. There are tough penalties for failing to comply with tax obligations in both jurisdictions – the penalties for not doing it if you’re found out are pretty archaic, and they’ll hurt your bank account far worse than complying.

The three key takeaways from this episode:

1. Complexity of Dual Taxation: Understanding and managing the tax responsibilities in two countries is crucial. Kearney points out, "We pay CGT in Ireland, we pay CGT in the US. But how does that work together?"

2. Necessity of Specialized Advice: The importance of obtaining specialized financial and tax advice is a recurring theme. As Kearney explains, many advisors may not fully grasp the intricacies of international tax laws which can lead to severe consequences. "There's lots of people out there that pretend that they know what to do and from my experience they don't."

3. Proactive Compliance: Rich and Sean stress the importance of being proactive rather than reactive when it comes to tax compliance and financial planning. As Sean says: "It's better to be going talking to the IRS than the IRS come looking for you." This proactive approach can prevent severe penalties and ensure smoother financial operations across borders.

20. The Importance of Sticking to an Investment Plan | From The Trenches with James Boyle

Wed, 01 May 2024 11:00:00 -0000

Richard Taylor and James Boyle are in the trenches, giving you the latest reports and their unfiltered takes on what’s going in the world of investing and financial planning.

There’s been a 25% increase in the markets from Oct 2023 to March 2024, followed by a noticeable downturn in April. Most of us know the importance of sticking to investment plans, but how do we create one, and how do we keep a steady hand in volatile times? Rich and James also talk about non-US investments for Brits living in America, and the inevitability of dealing with Passive Foreign Investment Companies (PFICs).

Also covered: Richard shares his reflections on turning 40 – it’s a milestone in our personal life but it’s also a key step along the way as we plan for our retirement.

The three key takeaways from this episode:

1. Market Volatility and Investment Strategy – financial markets are inherently volatile, it’s important to stick to investment plans and maintain a steady investment strategy despite fluctuations. Endure short-term losses, achieve long-term gains.

2. Tax and Investment Compliance for Expats – the complexities of managing investments in the US for British expats are numerous, navigating the tax implications and reporting requirements of PFICs is essential to know. It’s critical to be compliant with tax laws and potential consequences of mishandling foreign investments.

3. Personal Reflection and Life Planning – Ferris Bueller said it best (Richard’s 40 – excuse his dated references), time moves pretty fast, if you don’t stop and look around once in a while, you might miss it. Planning the time you have is essential – balance professional focus and success with personal satisfaction and wellbeing.

19. How The US Operates As 50 Little Countries | Ask An Expert with Christy Woskobojnik

Wed, 17 Apr 2024 11:00:00 -0000

In the UK you've got four countries that make up the United Kingdom, governed by HMRC. In the US, you've got 50 little governments that reside under that umbrella. They each have autonomous authority to set their own rules, and that's where we see people stumble the most.

Christy Waskobojnik is a tax advisor specializing in US-UK cross-border matters, and head of business development for DYUSA, a tax and accounting firm. This week's Ask An Expert with Christy focuses on advice for business owners thinking of starting up in the US.

The three key takeaways from this episode:

Understanding State Complexity: Each state has its own set of rules regarding taxation, employment, and business operations. Christy emphasizes the importance of understanding these nuances early on to avoid compliance issues and unnecessary penalties.
Choosing the Right Business Structure: Many UK businesses mistakenly choose an LLC when expanding to the US, unaware of the potential tax implications. Christy advises that a C Corporation, owned by a UK Limited entity, is often the best structure. This setup allows businesses to efficiently navigate the tax systems of both countries, leveraging the US-UK tax treaty to avoid double taxation and maximize tax benefits.
The Importance of Cross-Border Expertise: Seek advice from someone with specific cross-border experience. General advice from domestic accountants or incomplete research can lead businesses into complicated tax situations, costly penalties, and operational headaches. Early engagement with cross-border tax advisors can save businesses from these pitfalls and provide a smoother expansion process into the US market.

Introducing We're The Brits In America

Wed, 03 Apr 2024 11:00:00 -0000

Plan First Wealth, the company behind this podcast, works with British expats in America. We're seeing the same avoidable mistakes and missteps when it comes to financial planning - some of which have been going on for years and can be very costly to resolve.

So, we want to address the problems. As a result, Always An Expat is changing and the show's remit is expanding. However, our objective remains the same - we want to help fellow British expats thrive in America, by avoiding the landmines and taking advantage of all available opportunities.

We're very excited to introduce We're the Brits in America, which will replace Always An Expat. Going forward, a few different shows will sit under the We're The Brits In America umbrella.

We are going to have Ask An Expert, where I'll tap into my network and bring subject matter experts - professionals in the US/UK advisory space - on to highlight some of the challenges and also the opportunities that accompany being an expatriate in America.

Then there will be From The Trenches, where myself and colleague James Boyle bring you our take on what's going on in the world. We'll do a deep dive into some technical topics that you can find on our website, and we'll give you our thoughts on some of the popular financial planning aphorisms, all interlaced with the real stories and observations that we encounter on a daily basis in the field.

Always An Expat will still exist, where I will bring in an interesting expat to talk about their experience in America, but it will now exist alongside Always An Expat and From The Trenches.

I hope you enjoy! More importantly, I hope you thrive!

18. Mark Ridley's Foreign Exchange

Tue, 19 Mar 2024 11:00:00 -0000

This week Richard is joined by longtime friend and expert in foreign exchange and global payments (and East London native) Mark Ridley. Together they explore Ridley's personal and professional journey as a British expat living in the United States, highlight the nuances of expatriate life and discuss the challenges of adjusting to a new country and the opportunities it presents.

Three main takeaways from this episode are:

The Importance of Adaptability: Mark's story emphasizes the need for expatriates to be open and adaptable to new experiences. Despite having expectations based on previous visits and professional experiences in the U.S., living there full-time presented unforeseen challenges and opportunities.
Financial Planning for Expatriates: The conversation sheds light on the significance of early and effective financial planning for expatriates. Richard highlights the unique financial challenges faced by British expats in the U.S. and the importance of managing pensions, investments, and savings to secure a stable future.
Cultural and Social Adjustments: Richard and Mark discuss the cultural and social adjustments expatriates must make, from understanding local customs and work ethics to finding community and making new friends.

17. Jeremy Bettle's Expat Playbook

Tue, 05 Mar 2024 12:00:00 -0000

Jeremy Bettel, founder and CEO of Vitality Collective, shares his journey as a British expat in America and his career in high-performance professional sports.
He discusses his move to the US for education and career opportunities, his experiences working in the NBA and NHL, and his transition to New York City Football Club.

Together, Jeremy and Richard explore the themes of identity, self-validation, reevaluating priorities, and the pursuit of a well-lived life. As always on the show, the conversation explores the differences in mindset and financial responsibility between the UK and the US. The importance of having an emergency fund and avoiding excessive debt is emphasized. The concept of the American Dream is discussed as the opportunity to build one's own future and be in control of one's destiny. The episode concludes with closing remarks and contact information for the guest.

BONUS: US Retirement Accounts (from PFW & Friends)

Tue, 27 Feb 2024 12:00:00 -0000

James Boyle and Richard Taylor are joined by guest Simon Misiewicz, property tax specialist, to focus on US-UK cross-border financial and tax planning for British expatriates in America.

The trio emphasizes the critical need for British expats to have both a US-UK cross-border tax advisor and a financial planner, and the importance of these professionals collaborating closely. They look at US retirement accounts, stressing their significance in wealth creation for expats in the US and the intricacies of managing UK pensions from abroad. The discussion highlights the complexities of navigating US financial systems, such as understanding 401(k)s and other retirement plans, and underscores the importance of compliance and strategic financial planning. The episode also touches on recent changes affecting expats' voting rights and encourages listener engagement and questions.

16. Managing Finances From A Distance - with Steve Statler

Tue, 20 Feb 2024 12:00:00 -0000

Steve Statler, Chief Marketing Officer at Williott, shares his journey from the UK to the US and his experiences as an expat. He discusses the cultural differences between Israel and the UK, the challenges of moving to a new country, and the financial and immigration issues he faced.

He opens up about his father's struggle with schizophrenia and the difficulties of managing family matters from a distance. It's an emotional and honest account of expat lift, wrapping up with a reminder of the importance of seeking professional advice for financial and tax matters.

BONUS: UK Pensions as a US resident (from PFW & Friends)

Wed, 14 Feb 2024 12:00:00 -0000

In this bonus episode, taken from the Plan First Wealth & Friends series, Richard Taylor is joined by Richard Bradstock to examine the complexities of cross-border financial management for expats. Richard shares insights on the property market's current trends, noting the investment prospects amid changing interest rates and market dynamics. The discussion includes a look at:

The latest developments in property markets, particularly focusing on Berlin's market dynamics and investment opportunities
The importance of proper financial and tax planning for expatriates
The complexities of transatlantic financial management
The significance of staying compliant with tax obligations

15. Arriving In The US With A Negative Net Worth

Tue, 06 Feb 2024 12:00:00 -0000

Richard Taylor is joined by Rob Tye to discuss his remarkable journey from Harlow to Wisconsin, where he unexpectedly discovered his entrepreneurial calling. This episode explores the birth of Necessity Media during economic upheaval, highlighting Rob's ingenuity in identifying market needs during a crisis and his innovative approach to influencer marketing.
Rob shares his experiences with navigating personal and business finances, tackling the complexities of credit systems, investments, and teaching others about financial stability. He delves into the importance of strategic planning and wealth preservation, providing a unique perspective on adapting to shifting marketing landscapes and societal changes.

Rob's story of transforming adversity into opportunity, shows us the power of resilience and adaptability in the face of foreign financial systems and legal challenges. This episode is a must-listen for anyone interested in entrepreneurship, financial literacy, and the art of turning dreams into successful ventures, especially in challenging economic times. It offers valuable lessons in seizing opportunities, understanding the importance of financial planning, and the critical role of foresight in business and life.

14. Parenting Across The Pond – with Barry Richards

Tue, 23 Jan 2024 12:00:00 -0000

In this episode, host Richard Taylor interviews Barry Richards, the group president at First, a global brand experience agency. Barry shares his journey from being a chef in the UK to working in corporate event management in New York and raising a family in the American suburbs. They discuss the challenges of commuting from Connecticut to New York, the differences between working in the UK and the US, and the opportunities and mindset in the US.

Barry also reflects on the experience of raising his children in the US and the benefits of the American education system. What are the cultural differences in parenting between the UK and America? The way we view alcohol differs in the US compared to the UK; what's the impact of this on parenting? And as always, what does Barry think of the American Dream?

13. Understanding the US Business Landscape – with Adam Sandman

Tue, 09 Jan 2024 12:00:00 -0000

In this episode, Richard Taylor interviews Adam Sandman, the CEO of Inflectra, about his expat journey from the UK to the US. They discuss starting a family in a new country, the cost of living and healthcare, cultural differences between the US and Europe, and the opportunities and aspirations in America. They also speculate on an alternate history where the British won the American Revolution and discuss the impact of children's media on parenting. Adam shares his experience of starting a business for work-life balance and the challenges of commuting and childcare. They conclude by reflecting on the economic confinement of the American experience and the expat community in Washington, DC. The conversation explores the importance of social networks and how they have evolved during the pandemic. It also delves into the journey of the guest from Swansea to Oxford to DC and the embodiment of the American spirit. The discussion touches on the appreciation of the grass on the other side and the differences between American and European values in business. The financial cost of employee turnover is highlighted, and the concept of the American Dream is explored. The conversation concludes with a look at the future and the broader horizons of the next generation.

12. Couples Abroad: The Shared Journey Of Expat Life - with Kate Taylor

Tue, 26 Dec 2023 22:00:00 -0000

It's a special episode for the holiday season. Richard is joined by Mrs Kate Taylor, a highly accomplished executive and VP of Talent at Memorial Sloan Kettering - a leading cancer research and treatment center. She's built and run internal recruitment and talent functions inside some very significant businesses in the UK, Dubai and America, spanning multiple industries, including fashion, travel and healthcare. And yes, she's Rich's wife. Together, with Producer Sam (a Baltimore native) joining in the conversation to give her unique perspective, they explore the trials and tribulations of travelling the world as a couple, and what it takes to start a family as an expat.

How do you maintain your British identity? What are the risks of moving? How does having a young family impact work and the relationship? And how does Kate view the American dream?

11. The Highs and Lows that Define Creative Careers – with Hywel Berry

Tue, 12 Dec 2023 12:00:00 -0000

Richard Taylor is back with a new thought-provoking episode of “Always an Expat.” Accompanied by Hywel Berry, the discussion segues into the intriguing dichotomy between British modesty and American tenacity concerning professional identities. The conversation teases apart the threads of this cultural quilt, assessing the influence of these contrasting tendencies on the ways individuals represent themselves professionally.

Venturing into specific industry experiences, this episode also underscores the challenges of professional screenwriting and explores the related narratives revealing the highs and lows that define creative careers. Finally, the episode rounds out with a focus on evolving from passion to practicality, illustrating how individuals repurpose their skills as they steer their careers in new directions. Join us as we delve into these compelling stories of resilience, imagination, and triumph.

10. Moving With a Large Family - with Jermaine Edwards

Tue, 28 Nov 2023 12:00:00 -0000

How does the move across the pond affect our families? Jermaine Edwards knows; he moved over with a family of 7. He talks to Richard on this week's episode about changes in relationships, parenting, and managing a household.

They also explore how businesses need to adapt to changing work and family dynamics. They'll share stories about combining family and work and the importance of time management. There's also the obligatory comparison between healthcare in the UK and US, in particular prenatal and postnatal care.

Jermaine brings valuable advice and a unique perspective to expat life on this week's Always An Expat.

9. Raising a 1st Generation American Family – with Neal Best

Tue, 14 Nov 2023 12:00:00 -0000

In this episode of Always An Expat, our guest Neal Best takes us on his journey as a British expat living his American dream. Neal shares his experience of moving from industrial London to the broad, sun-kissed landscapes of California. Having established his successful business, Plan First Wealth, Neil guides us through his adaptation process to the American way of life and his dedication to helping fellow British expats maximise their financial opportunities in the US.

The resonant warmth of Southwestern United States pulled Neil and his family into making the significant move, especially after visiting his brother-in-law in beautiful San Francisco. Neal talks about the mingled feelings of living in this influential city, characterised by both striking issues and enviable resilience. He also fondly remembers Chicago's frozen beauty, a city that truly tests one's endurance in the face of unforgiving winters.

8. Journey Across The Atlantic: Elaine’s Transformation from Consultant to American Bear Advocate

Tue, 31 Oct 2023 11:00:00 -0000

Born and raised in England, Elaine Anderson has always been an adventurer at heart. With a natural inclination towards risk-taking, she has lived a remarkable life defined by spontaneity and courage. This dynamic spirit served her well until she made a life-altering decision in 2013.

On the show this week, Richard Taylor talks with Elaine about this decision, and what led to her selling her house, car, and possessions and hopping on a plane to the US.

This bold move was a huge leap of faith.

Elaine's professional journey has been as extraordinary as her personal one. With a career spanning over 30 years, she has served as a professional learning and development consultant, a leadership and behavioral skills consultant, and has travelled the world for training, coaching, and consulting. She has trained and coached in various countries for big organizations like the Big Four banks and Toyota. Her proud moments include delivering conflict management related sessions in business in Beirut, Lebanon.

Her move to the United States was, indeed, not part of the initial plan. While travelling, she found a woman named Christine Kane, whose music she enjoyed. Christine was running a retreat in the United States, and Elaine decided to participate, which turned out to be a catalyst for changing her life. The retreat eventually led her to Asheville, a place she fell in love with at first sight. It felt like home, a feeling she had not experienced anywhere else.

Elaine's journey demonstrates the potential for growth and change inherent in stepping out of one's comfort zone. Her story signifies that immigrating may bring a host of challenges but it also provides an opportunity to reinvent oneself and to learn to be truly present in one's life. Today, she uses her story and learned wisdom to help and guide others through her consulting and coaching business, continuing to make a significant impact wherever she goes.

7. Lessons Learned: What to Do Differently When Dealing with Inheritance - with Andrew Duffel

Tue, 17 Oct 2023 11:00:00 -0000

Andrew Duffel is the president of Florida Atlantic University's Research Park, based in Boca Raton. Born and raised in the UK, Duffel relocated to the US post-graduation and has been residing there ever since. His expat journey is brimming with unique experiences. One particular aspect of this forms the crux of this podcast episode - discussing an often-neglected financial aspect of expat life, that several British expats are bound to face in the near future.

In a detailed exchange, Andrew shared his experiences about moving to the US in the aftermath of the September 11 attacks. He reminisces about how travel, once celebrated for its simplicity, has since become something of an ordeal.

Life in the US introduced Andrew to a cultural melting pot, Florida, where about 60% of the population originates from other states or countries. As a British expat in such a culturally diverse state, he relished this acceptance, rivalling any presumed notions of the region being conservative or unwelcoming.

This account serves as a pertinent reminder that being an expat encompasses a gamut of experiences. From the joys of exploring a new city to the trepidations of dealing with unfamiliar policy changes, these stories embody resilience, growth, and most importantly, the human spirit of adventure.

6. Barry Lynch's Life at Full Speed: Finding the Thrills in Rollercoasters and Everyday Moments

Tue, 03 Oct 2023 11:00:00 -0000

Moving to another country is always a challenge, but our guest this week Barry Lynch's journey was amplified by the added stakes of securing dual citizenships for his children. Richard and Barry talk about confronting unique complications, acquiring a deeper understanding of different cultures, and encountering the many highs and lows of expatriate living. Barry is Senior Vice President of Field Services at PTC, but his career has now transformed into an interesting amalgamation of professional accomplishments and social media stardom as an esteemed theme park reviewer.

Relocating from the UK to the US in 2005 was the beginning of a captivating excursion for Barry. It was not without hurdles, but it represents the joy and achievement of a well-planned journey filled with resilience, adaptation, and eventual success. Dive into their story as we unravel the essence of the Lynch family's "expat" living, marked by personal professional victories, familial growth, and a passionate love for theme parks.

5. Playing The Long Game - with Angus Mcnab

Tue, 19 Sep 2023 11:00:00 -0000

Join Richard Taylor and Angus McNab as they delve into the complex dynamics of manoeuvring a trans-national sports career. McNab's multifaceted identity, tied to Scotland and America, offers intriguing insights into the emotional, social, and professional aspects that extricate while treading this unique life path.

Their interaction further unravels the events and experiences that dot the sports culture, from the adrenaline rush of national pride during mega-events to the amplified experiences around matchday catering. The intersection of varied societal norms paints McNab's professional sports journey with vibrant hues. This discussion finally touches upon the ‘American Dream’, unveiling its unique lure and the genuine effort that shapes each success story.

4. Playing To A New Tune - With Steve DiFranco

Tue, 05 Sep 2023 11:00:00 -0000

In this episode of "Always an Expat", featuring Richard Taylor and Steve DiFranco, we dive deep into Steve's remarkable journey from the challenging conditions of a council estate in North London to the exhilarating experiences of performing on concert stages worldwide. Through a series of revelations, Steve paints a rhythmic picture of his life - from his early struggles and his unexpected breakthrough with the ska band Bad Manners, to his globe-trotting experiences that altered his perspective immensely.

Steve shares his candid and heartfelt of how music served as an escape, a source of solace, and an avenue for expressing his passion. From auditioning on a whim for Bad Manners and touring around the world, to finally emigrating to the United States, Steve opens up about the vulnerabilities and realities of a life on tour. Listen in as Steve shares his candid insights on the thrill of performing live, the hidden challenges, the shared camaraderies amongst band members, and poignant experiences of adapting to a new lifestyle in another country.

3. Redefining Home - with Richard Fielding

Tue, 22 Aug 2023 11:00:00 -0000

Welcome to another episode of "Always an Expat with Richard Taylor". Episode 3 of Always an Expat takes us through the rollercoaster ride of Richard Fielding's life as an expatriate. Being the son of a Royal Air Force officer, Richard was blessed with the unique opportunity to see the world from an early age. Growing with the experience of living in various countries and cities, he does not define his 'home' by geographical boundaries; instead, he believes he is a blend of all the cultures he has encountered in his journey so far.

Taking up a career opportunity in Malaysia, Richard embarked on his solo expat journey, which eventually led him to professional opportunities in Hong Kong and personal growth that came with defining and redefining his cultural identity. Despite his nomadic lifestyle, Richard does not disconnect from his British roots. He holds onto them through his British passport, revealing his intriguing perspective towards national allegiance and identity.

2. Finding Common Ground - with Matt Dixon

Tue, 08 Aug 2023 12:00:00 -0000

It's always a pleasure to be joined by a fellow Boltonian. Today's guest is Matt Dixon, a British expat who has carved out an impressive career in the American real estate industry. Matt details his journey and embrace of the American Dream, as we touch on the perception of Americans and their welcoming nature, business betrayal and the occasionally unpleasant underbelly of expat life.

From his humble beginnings in Bolton, England, to making an indelible mark on the real estate industry of Orlando, Florida, Matt shares fascinating anecdotes and insightful experiences that shed light on the journey of an expatriate.

Shaped by his initial skepticism (could Americans actually welcome a Brit into their inner circle?), his shift to advocating for the people of America, and the enumerable challenges he faced along his way, Matt's story paints an inspiring picture of career progress, personal transformation, and resilience. He talks about his initial struggle to assimilate into American culture and the gradual acceptance and integration he experienced.

Episode 2 is a rollercoaster ride of an expat's life, offering an enlightening perspective and valuable advice for anyone contemplating a similar journey.

1. The Elusive Work Life Balance - with Serra Kiziltan

Tue, 25 Jul 2023 11:00:00 -0000

The idea of home is a universal one — it resonates with everyone. But what happens when home becomes more than one place? Join us in the first episode of “Always an Expat” as we delve into this intriguing concept with Serra Kiziltan, a UK-native who has made the United States her second home for over two decades.

Serra's journey is one that implores us all to think beyond borders and cultural differences. From recounting her days studying architecture under an iconic mentor at Yale to the reality of navigating U.S. immigration, Serra's story is a testament to resilience. So, allow us to take you on a journey filled with architectural marvels, cultural anomalies, linguistic adventures, and the unique experiences of an expat.

I'm Richard Taylor, from Plan First Wealth. I'll be bringing you captivating interviews with people who have embarked on incredible journeys, and experienced life in different countries.

Discover how our bold guests have chased their dream across the pond, hopping time-zones and navigating cultural change, and learn from their experiences along the way.

This isn’t a peacocking exercise – Always an Expat follows real people who have faced some real challenges, but have also had the time of their lives in a new home.

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