Hi everyone! The complications of Ireland/U.S. migration isn't lost on any professional that has a stake in making the move work. Knowing how to treat both countries from a financial perspective is difficult - especially for those of us making the move!

In Part 2 of my conversation with Sean Kearney of Amvoy Wealth, we dig even deeper into the complexities of financial planning for Irish expats in the U.S. and those with cross-border lives. Sean shares some sharp insights on managing investments, avoiding the pitfalls of overly complex tax schemes, and his core philosophy: living life first and aligning financial plans around it.

We also get into the nitty-gritty of ensuring tax compliance and explore the underestimated value of planning for a possible return to Ireland. Sean's experience and understanding of U.S.-Irish financial management shines through, and his advice is a must-hear for anyone navigating finances in both places.

This episode is a reminder that financial planning is not about cutting corners to save every last cent in tax, but rather about creating a meaningful roadmap that supports the life you want. If you're an expat or have assets on both sides of the Atlantic, Sean's practical tips can make the complexities of cross-border financial life much easier to manage.

Topics mentioned in this episode:

• Balance Life Goals with Financial Plans: Sean advocates planning for the life you want rather than obsessing over tax efficiency alone. Prioritize lifestyle needs, then find the best way to align your finances.
• Understand Tax Compliance and Reporting Requirements: For U.S.-connected individuals, understanding reporting requirements in both countries is critical, especially as financial data-sharing between the U.S. and Ireland grows.
• Consider the Impact of Currency and Tax Rebasing: Before moving back to Ireland, rebasing investments in the U.S. can save significant tax costs due to currency fluctuations and different tax structures.
• Plan Early if Considering a Move Back to Ireland: For those hoping to return to Ireland, early planning is crucial, as it can mean the difference between a smooth, tax-efficient transition and an unexpected financial hit.
• Project Management in Financial Planning: Cross-border financial planning often requires a team approach, incorporating tax, estate planning, and investment advice to ensure every angle is covered.

Contact Sean:

Email: sean@amvoywealth.com

Website: https://www.amvoywealth.com/

LinkedIn: https://www.linkedin.com/in/sean-kearney-cfp%C2%AE-870763199/

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