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RandySF

(83,011 posts)
Sat Jun 25, 2016, 04:43 PM Jun 2016

Moving abroad if Trump or Clinton wins? Not so fast. [View all]

The next time you hear people say they'll flee U.S. soil if so-and-so wins the presidential election, ask if they're familiar with the financial life of an expat.

Financial advisors say that, regardless of the reason a person wants to move abroad, it's important to know that laws, tax obligations and banking policies can add complications to your personal finance picture.

"Find out if you will be able to transact financially in the foreign jurisdiction you're looking at," said certified financial planner Kashif Ahmed, founder and president of American Private Wealth. "It's a very serious thing to consider before just picking up and leaving the country."



http://www.cnbc.com/2016/06/24/moving-abroad-if-trump-or-clinton-wins-not-so-fast.html

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