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Hi Jerry, without having sufficient info about US taxes is difficult to comment. Only note that property in Spain in quickly increasing in value. Where would you be buying in Spain.  In idea if buying in Spain is to buy 2 properties. So you can keep an eye on it close to you.  Talking from exoerience! Juani.

Thanks for your comments!
Jerry

Hello Jerry,
I was hoping you could share your findings / updates on your travels. I have been considering Spain or Panama and considering I'm from Florida climate is also a concern.

Thank you for your help.
Aly

As a USA expat, if you as considering the move strictly on a financial basis, you will be disappointed. Both Spain and the US tax on worldwde earnings, so technically you would have to declare your earnings in the US as well as Spain in your Tax home (country of residence). On my US retirement earnings of about $35,000 gross, my Spanish taxes are around 19%, as done by a Spanish accountant. The US has a tax treaty with Spain, so if you file correctly and pay more in taxes in Spain, you will not pay anything  in the US and will receive a refund. If one considers some of the benefits of living in Spain, good free national health care (I am married to a Spanish national), a good inexpensive mass transport (in cities), very low violent crime rate, inexpensive university education for children, good schools in most areas, it makes it worth it, at least in my case. As for a home in the US, unless you have a good long term tenant, my advice would be to sell. My experience was unpleasant and costly.

Excellent advice! Thank you for your comments Claxnes.