My answer to Can people holding dual/multiple citizenship obtain multiple social security incomes? https://t.co/RmzvhPGRVA
— John Richardson – lawyer for "U.S. persons" abroad (@ExpatriationLaw) April 12, 2022
Hat tip to Mr. L.J. Eiben of Raymond James who provided this excellent presentation.
Social Security script and slides
Now a discussion about US Social Security with L.J. …
Mr. L.J. Eiben is a Financial Advisor at Raymond James.
The information in this podcast and contained in these slides was obtained from sources RJA and believed to be reliable; however, we cannot represent that it is accurate or complete. It is provided as a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities. The views expressed are not necessarily those of Raymond James (USA) Ltd. Raymond James (USA) Ltd. (RJLU) advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered.
Raymond James (USA) Ltd. is a member of FINRA / SIPC
Bonus!! Renunciation and US Social Security
I renounced earlier this year, totally tax compliant.
I have at least 40 quarters of SS pay in.
I am approaching my 70th birthday.
I am a citizen (and resident) of Australia.
How do I apply for SS?
Can they direct deposit to my Australian bank?
If not, is receiving a cheque the only method available?
If tax is withheld (85%/39%) can I claim it back? How? I no longer file as I am no longer a citizen.