The 3 things US expats should know when it comes to 401ks

Beacon Financial Education aims to help expats organise their personal finances and educate them on retirement plans, personal lifestyle planning and wealth management.

Making the switch to live and work abroad is an exciting time in your life. To make your experience abroad smooth and successful – from a financial and personal standpoint – it’s important to plan and prepare for your trip. One vital aspect to consider is how you will handle your savings.

One front-and-center savings issue for US expats is how to handle the 401k. 401ks are some of the US’ most popular savings accounts. Many US employers offer 401ks to their employees. Here is what you need to know when it comes to 401ks and living abroad.