Hello,
We've been here in the UK for 3.5 years now and my husband and I both retired in the last year. We have a UK accountant who does our self assessment and a US accountant that does our US tax returns, but now that we face decisions on taking 401k/IRA distributions we really need someone who can advise us taking both tax systems into account. Also, up to this point my DH, who is US citizen only, has paid taxes here on the arising basis, but now if we start pulling substantial amounts from his 401ks (to avoid high mandatory distributions at 70 when he plans to start taking SS), i'm wondering if he should be looking at non-dom status instead? Our US accountant says we should be moving large amounts out of 401ks and IRAs in what he calls the 'donut-hole' between stopping working and beginning to collect SS to minimize US taxes, but since the uk gets the first crack at taxing us i'm not sure this is really valid ?? (unless we go the non-dom route and leave the money stateside?) Anyway, if anyone has a recommendation on an advisor please PM me, we're in the southeast. I could just pick someone online, but would prefer not to. Also, if anyone else has gone through a similar situation i'd be interested to hear the choices you made and why.
Ta.