@electra777
American looking for information about Spain
Forum
21 posts
About me
American
Registration: 09 March 2020
Activity
Finding a country to retire in by David Vankerkhoven
My name is David. I live in Canada. I am 47. I want to retire abroad, but I am not sure which country to pick. The problem is that I am 47, not the normal retirement age.I do not have a pension, just savings and investments.I am not willing to make ...
Maybe check out Panama, Mexico, Uruguay. Read More
Keeping a us residence versus a virtual address by seamus452
Just wondering what folks experiences have been with virtual addresses (ie. mailbox services) as opposed to actually maintaining a home or apartment in the states while living in Spain. Thank you.
@seamus452 I use iPostal1. It's been fine for the most part--not the cheapest option, but you can get a street address almost anywhere in the country with them. Read More
Retirement to Malaga buying property by Wendy Clark
Helloi have a two year plan to retire to Malaga any advice wouldbe extremely helpful and welcome! Especially about buying a property
@Wendy Clark Malaga real estate is somewhat overpriced and overvalued right now--have read it is currently not a great investment. That being said--you will need to renew the NLV after first year and again 2 years after that. When you renew, you ... Read More
Retiring to Spain from South Flroida. Need a virtual address. by seamus452
Does anyone have any recommendation on how to choose a virtual address company and/ or which ones to avoid. We are retiring from the Fort Lauderdale/Hollywood/Miami area.
Choose a company that uses street addresses rather than Box no. iPostal1 has street addresses all over Florida, so you can keep one in your area. Just check it out before moving to make sure the proprietor - usually a UPS type store--is reliable and ... Read More
Keeping a us residence versus a virtual address by seamus452
Just wondering what folks experiences have been with virtual addresses (ie. mailbox services) as opposed to actually maintaining a home or apartment in the states while living in Spain. Thank you.
@seamus452 We've had a virtual address in the US since we moved to Spain 4 years ago. Use it for most US banks without issue. If you keep your house and sell it after moving to Spain, you will have to pay CG tax on it here. Read More
Roth IRA or Roth 401k taxation by Erichsisol
Hi all US expats and Tax accountants! I'm a US and as well as EU citizen (non-Spain) living in US and planning to retire in Spain. I have researched a lot online and YouTube videos but I could not find any concrete reliable information about ...
@chasleslieb Interesting. How can you claim tax residence in the US with the tiebreaker clause? I'd love to do that--but what is your argument for being a US tax resident if you don't mind my asking - we're also NLV and receive all of our passive ... Read More
Not on property registry - safe to buy or not? by H Williams
Hi thereI have found a house I like but it states that it's not on the property registry."Both the property and the land are preserved and with regular maintenance, it is not registered in the property registry, but the necessary documentation is ...
@H Williams You should have your attorney check it first. YOUR attorney--not the seller's or realtor's. There is a problem with some houses that were built illegally years ago. Antonio Banderas just demolished a villa and is rebuilding it because ... Read More
Not on property registry - safe to buy or not? by H Williams
Hi thereI have found a house I like but it states that it's not on the property registry."Both the property and the land are preserved and with regular maintenance, it is not registered in the property registry, but the necessary documentation is ...
@rogerroberts22 That is why you hire your own lawyer for a purchase. Do not use the realtor's or seller's. I wouldn't even sign lease contracts here until I had a lawyer review them. Read More
Roth IRA or Roth 401k taxation by Erichsisol
Hi all US expats and Tax accountants! I'm a US and as well as EU citizen (non-Spain) living in US and planning to retire in Spain. I have researched a lot online and YouTube videos but I could not find any concrete reliable information about ...
@chasleslieb Your IRA withdrawals are taxed, including Roth. Your bank interest is taxed. I'm not in wealth tax bracket, so I don't know about income tax declarations regarding IRAs. I do not report anything on income tax that is ... Read More
Roth IRA or Roth 401k taxation by Erichsisol
Hi all US expats and Tax accountants! I'm a US and as well as EU citizen (non-Spain) living in US and planning to retire in Spain. I have researched a lot online and YouTube videos but I could not find any concrete reliable information about ...
@Sannapho You are lucky you get free health care. As a couple, we pay $4,800 per year for health insurance in Spain. Read More
Seniors moving from US to Spain by chrisengelart
My partner and I are thinking of moving to Spain from the US. We are both retired and have sufficient income to meet the necessary criteria. I am 78 and wondering if my age presents difficulties for such an endeavor. We are both in good health and ...
@chrisengelart A few things to be aware of regarding Spanish health care. You have to have a private coverage plan in place for the non lucrative visa if you are applying for this visa. Spanish private insurance is like the US healthy insurance ... Read More
Cost of living in Spain in 2024 by Cheryl
Hello everyone, As every year, we invite you to share your experience regarding the cost of living in Spain, and if possible, in the specific region or city where you live. This will help members who are planning to relocate in Spain. Here are ...
I file in the US and Spain and use 2 different accountants--one for each country, but they've worked together. And I can tell you they are well worth their money. I could file my own US taxes, but it is worth it to have someone else do it for me ... Read More
Cost of living in Spain in 2024 by Cheryl
Hello everyone, As every year, we invite you to share your experience regarding the cost of living in Spain, and if possible, in the specific region or city where you live. This will help members who are planning to relocate in Spain. Here are ...
@rogerroberts22 I file in the US and Spain and use 2 different accountants--one for each country, but they've worked together. And I can tell you they are well worth their money. I could file my own US taxes, but it is worth it to have someone else ... Read More
Cost of living in Spain in 2024 by Cheryl
Hello everyone, As every year, we invite you to share your experience regarding the cost of living in Spain, and if possible, in the specific region or city where you live. This will help members who are planning to relocate in Spain. Here are ...
Live in Torrequebrada just west of Malaga. Rented a long-term 2-BR, 2 bath apartment directly on the water in 2021 for €1.300 p/m and long term rent increases have been capped at 2% so now at €1.355. BUT--equivalent apartments now start at ... Read More
Type 1 Diabetic Moving to Spain by Klang180
HelloMy partner and I are thinking of moving to Spain in the coming year after a long time of thinking about it. The main thing holding me back is the fact I am type 1 diabetic (the insulin dependent auto-immune variety not the other more prevalent ...
@nicolaespana " All pensioners gain state healthcare here regardless of what country they are from because they are pensioners, it's that simple." I am not sure if you meant to say "regardless of what country in the EU?" I guarantee you ... Read More