Hello Staches,
I am form the US, but currently live in Australia. Thinking about my financial situation (belatedly) I am starting to wonder if I have it all wrong. Are there any expats in the crowd? I need some moral support as a new Mustachian and soon to be immigrant.
I currently earn income from Australia, and a small amount from the US.
If I were to switch my income to all US income, I would be doing contract work, and would not bet the benefits of being a full-time employee. . . (I am assuming there are retirement accounts for self-employed people, I just don't know about them extensively)
And if I continue to work in the US, but live in Australia, I would still be taxed on my US income in Australia because of my residence.
Plus, I accidentally invested in Australian ETF's and I am reading now that the US taxes these heavily as passive foreign investments.
I am so confused, and the more I read into things, the more I realize I don't know, and I feel like I am leaching money from my previous decisions based on "hey, it would be fun to live in Australia."