What would my taxes be if I retire overseas?

What would my taxes be if I retire What would my taxes be if I retire overseas? overseas? overseas? You started asking me this question 10 You started asking me this question 10 You started asking me this question 10 years ago when I started my retire years ago when I started my retire years ago when I started my retire overseas YouTube videos, written overseas YouTube videos, written overseas YouTube videos, written reports, and courses. reports, and courses. reports, and courses. Until today, I've always said you need Until today, I've always said you need Until today, I've always said you need to talk to a CPA because I'm not to talk to a CPA because I'm not to talk to a CPA because I'm not qualified to answer that. qualified to answer that. qualified to answer that. I'm still not qualified to answer that, I'm still not qualified to answer that, I'm still not qualified to answer that, but today I'll show you how to save but today I'll show you how to save but today I'll show you how to save hundreds of dollars getting an answer to hundreds of dollars getting an answer to hundreds of dollars getting an answer to this question. this question. this question. One of you commented on one of my videos One of you commented on one of my videos One of you commented on one of my videos that your foreign country taxes would be that your foreign country taxes would be that your foreign country taxes would be $1,000 per month. So, I decided to see $1,000 per month. So, I decided to see $1,000 per month. So, I decided to see if AI agreed with you. if AI agreed with you. if AI agreed with you. At least half of my 313 At least half of my 313 At least half of my 313 written reports about retiring overseas written reports about retiring overseas written reports about retiring overseas come from questions like this. The come from questions like this. The come from questions like this. The smartest people in the world watch my smartest people in the world watch my smartest people in the world watch my content and share problems they need to content and share problems they need to content and share problems they need to overcome every year. overcome every year. overcome every year. So, after reading your $1,000 foreign So, after reading your $1,000 foreign So, after reading your $1,000 foreign tax comment, I decided to see if AI tax comment, I decided to see if AI tax comment, I decided to see if AI agreed with you.

agreed with you. agreed with you. Now, I'm in Chung's family home here in Now, I'm in Chung's family home here in Now, I'm in Chung's family home here in Malaysia. That's what all the greenery Malaysia. That's what all the greenery Malaysia. That's what all the greenery is and the birds you hear in the is and the birds you hear in the is and the birds you hear in the background. A year ago, I secretly tried background. A year ago, I secretly tried background. A year ago, I secretly tried using AI to answer this question. It using AI to answer this question. It using AI to answer this question. It wasn't ready for what I'm about to show wasn't ready for what I'm about to show wasn't ready for what I'm about to show you today. It just didn't make sense, you today. It just didn't make sense, you today. It just didn't make sense, but I tried again today and it's but I tried again today and it's but I tried again today and it's starting to make some sense. I'm not starting to make some sense. I'm not starting to make some sense. I'm not suggesting that you trust AI completely. suggesting that you trust AI completely. suggesting that you trust AI completely. Don't do that. Here's what I am Don't do that. Here's what I am Don't do that. Here's what I am suggesting. Develop a set of questions suggesting. Develop a set of questions suggesting. Develop a set of questions or prompts for AI. The answers will or prompts for AI. The answers will or prompts for AI. The answers will create a universe of potential tax create a universe of potential tax create a universe of potential tax liability for a specific country based liability for a specific country based liability for a specific country based on your particular facts, your personal on your particular facts, your personal on your particular facts, your personal facts. facts. facts. Then you will have a rough estimate of Then you will have a rough estimate of Then you will have a rough estimate of what your taxes might be, but don't rely what your taxes might be, but don't rely what your taxes might be, but don't rely on that. Instead, have a CPA verify each on that. Instead, have a CPA verify each on that. Instead, have a CPA verify each point. Bring this universe of facts I'm point. Bring this universe of facts I'm point. Bring this universe of facts I'm about to show you to the CPA. Instead, about to show you to the CPA. Instead, about to show you to the CPA. Instead, have a CPA verify each point. Bringing have a CPA verify each point. Bringing have a CPA verify each point. Bringing this universe of facts to a CPA could this universe of facts to a CPA could this universe of facts to a CPA could potentially save you hundreds, if not potentially save you hundreds, if not potentially save you hundreds, if not thousands of dollars.

thousands of dollars. thousands of dollars. Okay, enough talk. Let me show you what Okay, enough talk. Let me show you what Okay, enough talk. Let me show you what I mean. Watch this video completely once I mean. Watch this video completely once I mean. Watch this video completely once and then follow along and insert your and then follow along and insert your and then follow along and insert your own facts own facts own facts into the process I'm about to show you. into the process I'm about to show you. into the process I'm about to show you. Okay, open a Word doc or a Google doc Okay, open a Word doc or a Google doc Okay, open a Word doc or a Google doc and start populating your information. and start populating your information. and start populating your information. I'm going to use a fake American name I'm going to use a fake American name I'm going to use a fake American name John. You can also use a fake name if John. You can also use a fake name if John. You can also use a fake name if you like, but use real information so you like, but use real information so you like, but use real information so you'll get potentially real answers from you'll get potentially real answers from you'll get potentially real answers from AI that your CPA can verify that apply AI that your CPA can verify that apply AI that your CPA can verify that apply to you. to you. to you. I'm going to use Google AI because I did I'm going to use Google AI because I did I'm going to use Google AI because I did yesterday and about 90% of its answers yesterday and about 90% of its answers yesterday and about 90% of its answers seem pretty reasonable, if not perfect. seem pretty reasonable, if not perfect. seem pretty reasonable, if not perfect. And most of all, because it's free. And most of all, because it's free. And most of all, because it's free. Okay, here's the first prompt. Now, I'm Okay, here's the first prompt. Now, I'm Okay, here's the first prompt. Now, I'm going to give you a link to a document going to give you a link to a document going to give you a link to a document you can copy these prompts and put your you can copy these prompts and put your you can copy these prompts and put your information in it. Um, and you'll have information in it. Um, and you'll have information in it. Um, and you'll have different information. You'll add different information. You'll add different information. You'll add things, subtract things that apply or things, subtract things that apply or things, subtract things that apply or don't apply to you. don't apply to you. don't apply to you. But, uh, here we go. My name is John.

But, uh, here we go. My name is John. But, uh, here we go. My name is John. I'm thinking of moving to Brazil. Here's I'm thinking of moving to Brazil. Here's I'm thinking of moving to Brazil. Here's some personal facts about me. Um, some personal facts about me. Um, some personal facts about me. Um, citizenship US, US state Florida, citizenship US, US state Florida, citizenship US, US state Florida, marital status divorced, uh, monthly marital status divorced, uh, monthly marital status divorced, uh, monthly income personal security is 2200. income personal security is 2200. income personal security is 2200. Uh, my 401k is, uh, 150,000. Uh, my 401k is, uh, 150,000. Uh, my 401k is, uh, 150,000. I was born June 15th, 1962. I was born June 15th, 1962. I was born June 15th, 1962. I've got a condo worth 250k, a loan I've got a condo worth 250k, a loan I've got a condo worth 250k, a loan balance of zero. If I sell it, balance of zero. If I sell it, balance of zero. If I sell it, commission will be 5%, closing costs commission will be 5%, closing costs commission will be 5%, closing costs will be 1%, and my job pays me 3800 per will be 1%, and my job pays me 3800 per will be 1%, and my job pays me 3800 per month. Question, I've lived in my condo month. Question, I've lived in my condo month. Question, I've lived in my condo for 32 years. If I sell today, how much for 32 years. If I sell today, how much for 32 years. If I sell today, how much would I net after paying commissions, would I net after paying commissions, would I net after paying commissions, closing costs, closing costs, closing costs, and state and federal taxes? So, what and state and federal taxes? So, what and state and federal taxes? So, what you want to do is copy this. Um and you you want to do is copy this. Um and you you want to do is copy this. Um and you want to go over to Google. want to go over to Google. want to go over to Google. And you want to go to AI mode. This is And you want to go to AI mode. This is And you want to go to AI mode. This is free. free. free. And you want to paste that in here. It's And you want to paste that in here. It's And you want to paste that in here. It's It's called a prompt. It's called a prompt. It's called a prompt. And you want to hit this little arrow, And you want to hit this little arrow, And you want to hit this little arrow, and it's going to give you an answer.

and it's going to give you an answer. and it's going to give you an answer. And I'll come over here to show you the And I'll come over here to show you the And I'll come over here to show you the answer it gave. answer it gave. answer it gave. And it'll be bigger so you can read it. And it'll be bigger so you can read it. And it'll be bigger so you can read it. Now, it's not so important what the Now, it's not so important what the Now, it's not so important what the answer is here. What's important is that answer is here. What's important is that answer is here. What's important is that you see how sophisticated AI has become. you see how sophisticated AI has become. you see how sophisticated AI has become. It wasn't a year ago it wasn't this It wasn't a year ago it wasn't this It wasn't a year ago it wasn't this sophisticated. Now, it's getting closer sophisticated. Now, it's getting closer sophisticated. Now, it's getting closer where you can give an actual set of where you can give an actual set of where you can give an actual set of facts and information for your specific facts and information for your specific facts and information for your specific country, where you're from, income, country, where you're from, income, country, where you're from, income, pension, and all this stuff, and it'll pension, and all this stuff, and it'll pension, and all this stuff, and it'll tell you what your foreign tax would be, tell you what your foreign tax would be, tell you what your foreign tax would be, what your your country tax would be if what your your country tax would be if what your your country tax would be if any, all of that stuff. You can package any, all of that stuff. You can package any, all of that stuff. You can package it up nicely, it up nicely, it up nicely, give it to a CPA and have them confirm give it to a CPA and have them confirm give it to a CPA and have them confirm this information because AI is not 100% this information because AI is not 100% this information because AI is not 100% reliable yet, and but a good CPA should reliable yet, and but a good CPA should reliable yet, and but a good CPA should be. And so, first thing if you look at be. And so, first thing if you look at be. And so, first thing if you look at the answer, first thing it does is the answer, first thing it does is the answer, first thing it does is repeat back to you everything you fed repeat back to you everything you fed repeat back to you everything you fed it. So, you know, hey, it got it all. it. So, you know, hey, it got it all. it. So, you know, hey, it got it all. And then you see you'd net 235,000. And then you see you'd net 235,000. And then you see you'd net 235,000. Oh, cool. Oh, cool. Oh, cool. Uh so, I'm getting most of the money Uh so, I'm getting most of the money Uh so, I'm getting most of the money from this out of my condo. And then it from this out of my condo. And then it from this out of my condo. And then it breaks down where the costs went and why breaks down where the costs went and why breaks down where the costs went and why you didn't get all of it. And then it you didn't get all of it. And then it you didn't get all of it. And then it tells you to have 0% federal capital tells you to have 0% federal capital tells you to have 0% federal capital gains, and in Florida you'd have zero gains, and in Florida you'd have zero gains, and in Florida you'd have zero tax on the sale. And it explains why.

tax on the sale. And it explains why. tax on the sale. And it explains why. Um and then the final result, you'd net Um and then the final result, you'd net Um and then the final result, you'd net 235,000. 235,000. 235,000. This will be different for you, of This will be different for you, of This will be different for you, of course, cuz your facts will be course, cuz your facts will be course, cuz your facts will be different. Okay, here's prompt number different. Okay, here's prompt number different. Okay, here's prompt number two. And again, these prompts are sort two. And again, these prompts are sort two. And again, these prompts are sort of to give you an idea of how to set up of to give you an idea of how to set up of to give you an idea of how to set up these questions. So, continuing with the these questions. So, continuing with the these questions. So, continuing with the same facts from question one, you're same facts from question one, you're same facts from question one, you're telling AI, "Hey, keep what I already telling AI, "Hey, keep what I already telling AI, "Hey, keep what I already you've already done." And now it's you've already done." And now it's you've already done." And now it's saying, "If I take the 235K condo saying, "If I take the 235K condo saying, "If I take the 235K condo proceeds, I put Put in the S&P 500, proceeds, I put Put in the S&P 500, proceeds, I put Put in the S&P 500, assume it generates about 5% capital assume it generates about 5% capital assume it generates about 5% capital appreciation. That means the stocks go appreciation. That means the stocks go appreciation. That means the stocks go up at about 5% and assume that you take up at about 5% and assume that you take up at about 5% and assume that you take out 4% per year to live on, about how out 4% per year to live on, about how out 4% per year to live on, about how much would you that add per my monthly much would you that add per my monthly much would you that add per my monthly income? So, how much you get from your income? So, how much you get from your income? So, how much you get from your investing that condo in the market? investing that condo in the market? investing that condo in the market? Also, I assume I started taking 4% of my Also, I assume I started taking 4% of my Also, I assume I started taking 4% of my 401k 401k 401k uh and I started taking my social uh and I started taking my social uh and I started taking my social security early because I'm not full security early because I'm not full security early because I'm not full retirement age yet. If you're born in retirement age yet. If you're born in retirement age yet. If you're born in '62 and this is '62 and this is '62 and this is uh uh uh 2026, you're not full retirement age 2026, you're not full retirement age 2026, you're not full retirement age yet, but if you take it early, and yet, but if you take it early, and yet, but if you take it early, and here's how much my check would be. And here's how much my check would be. And here's how much my check would be. And that is 2200 social security, which we that is 2200 social security, which we that is 2200 social security, which we saw above in the first uh saw above in the first uh saw above in the first uh prompt. And so, the next the final thing prompt. And so, the next the final thing prompt. And so, the next the final thing as an American, what would my state and as an American, what would my state and as an American, what would my state and federal income taxes be while I'm living federal income taxes be while I'm living federal income taxes be while I'm living in Brazil? You want to know if you're in Brazil? You want to know if you're in Brazil? You want to know if you're going to have any money owe any money to going to have any money owe any money to going to have any money owe any money to your home country, right?

your home country, right? your home country, right? That's the first thing you have to check That's the first thing you have to check That's the first thing you have to check before you ask about Brazil, which we'll before you ask about Brazil, which we'll before you ask about Brazil, which we'll do next. So, you go over here, you go do next. So, you go over here, you go do next. So, you go over here, you go back to the same spot where you got that back to the same spot where you got that back to the same spot where you got that first answer where it said your tax first answer where it said your tax first answer where it said your tax liability is zero, you get to keep all liability is zero, you get to keep all liability is zero, you get to keep all all the money in terms of taxes. You get all the money in terms of taxes. You get all the money in terms of taxes. You get to keep the 235 and you you paste this to keep the 235 and you you paste this to keep the 235 and you you paste this new prompt in. new prompt in. new prompt in. You hit the arrow again. You hit the arrow again. You hit the arrow again. And let's go back and see what it says. And let's go back and see what it says. And let's go back and see what it says. I've already pasted it over here. I've already pasted it over here. I've already pasted it over here. Answer number two. Answer number two. Answer number two. And again, I'm going to kind of skim And again, I'm going to kind of skim And again, I'm going to kind of skim these answers because your answers will these answers because your answers will these answers because your answers will be different, but I want you to see how be different, but I want you to see how be different, but I want you to see how sophisticated it's become. sophisticated it's become. sophisticated it's become. Um it's saying that your Standard & Um it's saying that your Standard & Um it's saying that your Standard & Poor's taking 4% out per year would give Poor's taking 4% out per year would give Poor's taking 4% out per year would give you $783 you $783 you $783 and taking out 4% of your 401k would and taking out 4% of your 401k would and taking out 4% of your 401k would give you another $500 per month and your give you another $500 per month and your give you another $500 per month and your US state and federal taxes would be US state and federal taxes would be US state and federal taxes would be zero. Wow, starting to starting to sound zero. Wow, starting to starting to sound zero. Wow, starting to starting to sound really good. Okay, monthly income really good. Okay, monthly income really good. Okay, monthly income additions. It explains why you got the additions. It explains why you got the additions. It explains why you got the seven and the 500 uh from the from the seven and the 500 uh from the from the seven and the 500 uh from the from the S&P and the 401k. And then it says your S&P and the 401k. And then it says your S&P and the 401k. And then it says your total monthly income in Brazil combined total monthly income in Brazil combined total monthly income in Brazil combined with your 2200 social security check with your 2200 social security check with your 2200 social security check would be $3,483.

Okay, what is the income tax liability Okay, what is the income tax liability in the US? in the US? in the US? State income tax zero. Federal income State income tax zero. Federal income State income tax zero. Federal income tax zero. Wow, look at that. Um so as tax zero. Wow, look at that. Um so as tax zero. Wow, look at that. Um so as long as you maintain your legal US long as you maintain your legal US long as you maintain your legal US domicile in Florida, you'll owe zero in domicile in Florida, you'll owe zero in domicile in Florida, you'll owe zero in state income tax. Florida does not levy state income tax. Florida does not levy state income tax. Florida does not levy a personal state income tax or tax a personal state income tax or tax a personal state income tax or tax retirement withdrawals. So no tax on any retirement withdrawals. So no tax on any retirement withdrawals. So no tax on any of your of those incomes cuz you're of your of those incomes cuz you're of your of those incomes cuz you're quitting your job. quitting your job. quitting your job. Uh Uh Uh okay, what about federal income tax? okay, what about federal income tax? okay, what about federal income tax? Even though the US ta- taxes its Even though the US ta- taxes its Even though the US ta- taxes its citizens on worldwide income regardless citizens on worldwide income regardless citizens on worldwide income regardless of where they live, of where they live, of where they live, your specific retirement structure puts your specific retirement structure puts your specific retirement structure puts your taxable income well below the your taxable income well below the your taxable income well below the filing thresholds. So your 401K at 500 a filing thresholds. So your 401K at 500 a filing thresholds. So your 401K at 500 a month would be 6,000 a year. Your S&P month would be 6,000 a year. Your S&P month would be 6,000 a year. Your S&P 500 500 500 um um um approximately approximately approximately 448 448 448 a year, only the appreciated growth a year, only the appreciated growth a year, only the appreciated growth portion of your 4% withdrawal is subject portion of your 4% withdrawal is subject portion of your 4% withdrawal is subject to capital gains tax. Uh social security to capital gains tax. Uh social security to capital gains tax. Uh social security taxability zero. taxability zero. taxability zero. The IRS calculates taxability using The IRS calculates taxability using The IRS calculates taxability using combined income combined income combined income as adjusted gross income plus 50% of as adjusted gross income plus 50% of as adjusted gross income plus 50% of social security. So your combined income social security. So your combined income social security. So your combined income sits around 19,648 sits around 19,648 sits around 19,648 per year, which falls well short of the per year, which falls well short of the per year, which falls well short of the $25,000 $25,000 $25,000 uh threshold which where your social uh threshold which where your social uh threshold which where your social security begins to be taxed for single security begins to be taxed for single security begins to be taxed for single filers. And then see these little blue filers. And then see these little blue filers. And then see these little blue uh links here? These will give you links uh links here? These will give you links uh links here? These will give you links to where it has proof of what it's to where it has proof of what it's to where it has proof of what it's saying.

saying. saying. Okay, standard deduction cushion. For Okay, standard deduction cushion. For Okay, standard deduction cushion. For single filers, the federal standard single filers, the federal standard single filers, the federal standard deduction is 16,000. deduction is 16,000. deduction is 16,000. Because your total adjusted income Because your total adjusted income Because your total adjusted income uh approximately 6,448 uh approximately 6,448 uh approximately 6,448 is significantly lower than this is significantly lower than this is significantly lower than this deduction, your federal taxes income is deduction, your federal taxes income is deduction, your federal taxes income is reduced to zero. And it gives you reduced to zero. And it gives you reduced to zero. And it gives you sources one and two for that. sources one and two for that. sources one and two for that. So, if you want and then it asks if you So, if you want and then it asks if you So, if you want and then it asks if you want to map out your logistics of your want to map out your logistics of your want to map out your logistics of your move, let me know if you'd like to move, let me know if you'd like to move, let me know if you'd like to explore the minimum income requirements explore the minimum income requirements explore the minimum income requirements for the Brazilian retirement visa. Or for the Brazilian retirement visa. Or for the Brazilian retirement visa. Or how local Brazilian taxes might apply to how local Brazilian taxes might apply to how local Brazilian taxes might apply to your US income once you arrive. It's your US income once you arrive. It's your US income once you arrive. It's it's thinking what we're thinking. So, it's thinking what we're thinking. So, it's thinking what we're thinking. So, let's look at prompt number three. I'd let's look at prompt number three. I'd let's look at prompt number three. I'd say, "You're so smart. You know exactly say, "You're so smart. You know exactly say, "You're so smart. You know exactly what I'm thinking." When I move to what I'm thinking." When I move to what I'm thinking." When I move to Brazil and get my retirement visa, what Brazil and get my retirement visa, what Brazil and get my retirement visa, what are the income requirements? are the income requirements? are the income requirements? If only if I only pull out what I need If only if I only pull out what I need If only if I only pull out what I need each month and keep my money in the US each month and keep my money in the US each month and keep my money in the US banks, but I only pull out what I need banks, but I only pull out what I need banks, but I only pull out what I need each month to live in Brazil, what will each month to live in Brazil, what will each month to live in Brazil, what will my taxes be in Brazil on this income my taxes be in Brazil on this income my taxes be in Brazil on this income that I that I pull out? Let's say that that I that I pull out? Let's say that that I that I pull out? Let's say that I'm able to live on 2,500 a month in I'm able to live on 2,500 a month in I'm able to live on 2,500 a month in Brazil. What will my taxes be?

Brazil. What will my taxes be? Brazil. What will my taxes be? The answer to this prompt will blow your The answer to this prompt will blow your The answer to this prompt will blow your mind. But first, 10 years ago after I mind. But first, 10 years ago after I mind. But first, 10 years ago after I created hundreds of videos and reports created hundreds of videos and reports created hundreds of videos and reports about retiring overseas, you started about retiring overseas, you started about retiring overseas, you started asking me questions about how I did asking me questions about how I did asking me questions about how I did things when I retired overseas. things when I retired overseas. things when I retired overseas. I answered by writing reports about how I answered by writing reports about how I answered by writing reports about how I solved problems. I still write new I solved problems. I still write new I solved problems. I still write new reports when new problems arise. That's reports when new problems arise. That's reports when new problems arise. That's what this is. After hundreds of reports, what this is. After hundreds of reports, what this is. After hundreds of reports, one of you said to me, "Dan, there's so one of you said to me, "Dan, there's so one of you said to me, "Dan, there's so many reports. I don't know which ones to many reports. I don't know which ones to many reports. I don't know which ones to read and in what in what order." So, I read and in what in what order." So, I read and in what in what order." So, I created a course that describes the created a course that describes the created a course that describes the seven stages of retiring overseas from seven stages of retiring overseas from seven stages of retiring overseas from sitting on your couch at home all the sitting on your couch at home all the sitting on your couch at home all the way through to remaining happy in your way through to remaining happy in your way through to remaining happy in your second year living overseas. To learn second year living overseas. To learn second year living overseas. To learn about the seven stages of retiring about the seven stages of retiring about the seven stages of retiring overseas and all of the reports that overseas and all of the reports that overseas and all of the reports that will inform your decision at each stage, will inform your decision at each stage, will inform your decision at each stage, come to vagabondbuddha.com come to vagabondbuddha.com come to vagabondbuddha.com and click the button that says and click the button that says and click the button that says membership details. membership details. membership details. You're Okay, let's see what the answer You're Okay, let's see what the answer You're Okay, let's see what the answer to that prompt is. Okay, let's to that prompt is. Okay, let's to that prompt is. Okay, let's Let's paste that we copy and copy it. We Let's paste that we copy and copy it. We Let's paste that we copy and copy it. We go back over to Google AI. We'll paste go back over to Google AI. We'll paste go back over to Google AI. We'll paste it in. We hit the little go button it in. We hit the little go button it in. We hit the little go button there.

there. there. And we're going to get an answer. By the And we're going to get an answer. By the And we're going to get an answer. By the way, you'll notice way, you'll notice way, you'll notice that I'm pasting not only the prompts, that I'm pasting not only the prompts, that I'm pasting not only the prompts, but the answers in this document I'm but the answers in this document I'm but the answers in this document I'm creating because I'm going to create a creating because I'm going to create a creating because I'm going to create a PDF of that and I'm going to bring it to PDF of that and I'm going to bring it to PDF of that and I'm going to bring it to my calendar or email it to them. And the my calendar or email it to them. And the my calendar or email it to them. And the beautiful thing is these links here are beautiful thing is these links here are beautiful thing is these links here are going to save time because they'll be going to save time because they'll be going to save time because they'll be able to look at the the source and able to look at the the source and able to look at the the source and decide if they like the source or not. decide if they like the source or not. decide if they like the source or not. And if they don't like the source, they And if they don't like the source, they And if they don't like the source, they can go to a source they do like. Okay, can go to a source they do like. Okay, can go to a source they do like. Okay, let's see how detailed the AI answer is let's see how detailed the AI answer is let's see how detailed the AI answer is about the foreign taxes. Okay, answer about the foreign taxes. Okay, answer about the foreign taxes. Okay, answer number three, Brazil retirement visa number three, Brazil retirement visa number three, Brazil retirement visa requirements. That's the first question requirements. That's the first question requirements. That's the first question you asked. The income threshold, the law you asked. The income threshold, the law you asked. The income threshold, the law requires minimum monthly pension or requires minimum monthly pension or requires minimum monthly pension or retirement income of 6,000 Brazilian retirement income of 6,000 Brazilian retirement income of 6,000 Brazilian reals. reals. reals. At at standard exchange rates, this is At at standard exchange rates, this is At at standard exchange rates, this is approximately 1,100 to 1,200 per month approximately 1,100 to 1,200 per month approximately 1,100 to 1,200 per month of US dollars. Your eligibility of US dollars. Your eligibility of US dollars. Your eligibility since your US Social Security check since your US Social Security check since your US Social Security check alone is 2,200, you safely meet more alone is 2,200, you safely meet more alone is 2,200, you safely meet more than double the minimum required space than double the minimum required space than double the minimum required space on the guaranteed income source, so you on the guaranteed income source, so you on the guaranteed income source, so you can get a Brazilian retirement visa.

can get a Brazilian retirement visa. can get a Brazilian retirement visa. Okay, how Brazil taxes your income. Okay, how Brazil taxes your income. Okay, how Brazil taxes your income. That's what you want to know, right? That's what you want to know, right? That's what you want to know, right? You mentioned keeping your money in US You mentioned keeping your money in US You mentioned keeping your money in US bank accounts and only pulling out what bank accounts and only pulling out what bank accounts and only pulling out what you need to live on 2,500 a month. It's you need to live on 2,500 a month. It's you need to live on 2,500 a month. It's vital to understand that Brazil taxes vital to understand that Brazil taxes vital to understand that Brazil taxes based on worldwide income. That's the based on worldwide income. That's the based on worldwide income. That's the same as the United States. Very few same as the United States. Very few same as the United States. Very few countries do that, by the way. countries do that, by the way. countries do that, by the way. Not just what is brought into the Not just what is brought into the Not just what is brought into the country. So, he's saying whether you country. So, he's saying whether you country. So, he's saying whether you bring 2,500 in or more, you're going to bring 2,500 in or more, you're going to bring 2,500 in or more, you're going to pay. pay. pay. Let's see what you pay. Once you Let's see what you pay. Once you Let's see what you pay. Once you establish tax residency in Brazil, establish tax residency in Brazil, establish tax residency in Brazil, notice too all the blue marks where you notice too all the blue marks where you notice too all the blue marks where you can go read about where all this is can go read about where all this is can go read about where all this is from. from. from. Once you establish tax residency in Once you establish tax residency in Once you establish tax residency in Brazil, which happens either immediately Brazil, which happens either immediately Brazil, which happens either immediately upon arriving on a permanent visa, or upon arriving on a permanent visa, or upon arriving on a permanent visa, or after 183 days on a temporary visa, after 183 days on a temporary visa, after 183 days on a temporary visa, you'll hear that all over the world, you'll hear that all over the world, you'll hear that all over the world, that 183 number. A lot of countries use that 183 number. A lot of countries use that 183 number. A lot of countries use it. In other words, if you're in their it. In other words, if you're in their it. In other words, if you're in their country for 183 days, country for 183 days, country for 183 days, many countries will begin to start many countries will begin to start many countries will begin to start taxing you. taxing you. taxing you. So, your total global retirement income So, your total global retirement income So, your total global retirement income of $3,483 of $3,483 of $3,483 is technically subject to Brazilian tax is technically subject to Brazilian tax is technically subject to Brazilian tax rules, whether you leave it in the US or rules, whether you leave it in the US or rules, whether you leave it in the US or transfer it to Brazil. And it gives four transfer it to Brazil. And it gives four transfer it to Brazil. And it gives four sources for that. Fortunately, thanks to sources for that. Fortunately, thanks to sources for that. Fortunately, thanks to a major tax reform under law blah blah a major tax reform under law blah blah a major tax reform under law blah blah blah, your tax bill will be remarkably blah, your tax bill will be remarkably blah, your tax bill will be remarkably low.

low. low. The the five the reais 5,000 monthly The the five the reais 5,000 monthly The the five the reais 5,000 monthly exception Christian, beginning in exception Christian, beginning in exception Christian, beginning in January 2026, Brazil introduced a January 2026, Brazil introduced a January 2026, Brazil introduced a sweeping tax update that sweeping tax update that sweeping tax update that individual monthly income up to 5,000 individual monthly income up to 5,000 individual monthly income up to 5,000 reais from withholding taxes regardless reais from withholding taxes regardless reais from withholding taxes regardless of progressive rates. of progressive rates. of progressive rates. Calculating tax on 2,500 a month living Calculating tax on 2,500 a month living Calculating tax on 2,500 a month living budget, if we map your taxes strictly budget, if we map your taxes strictly budget, if we map your taxes strictly against the 2,500 you plan to live on, against the 2,500 you plan to live on, against the 2,500 you plan to live on, assuming a baseline exchange rate of 5 assuming a baseline exchange rate of 5 assuming a baseline exchange rate of 5 to 5.4 reais per dollar, to 5.4 reais per dollar, to 5.4 reais per dollar, your budget in reais is your budget in reais is your budget in reais is 2,500 a month is roughly 12,500 to 2,500 a month is roughly 12,500 to 2,500 a month is roughly 12,500 to 13,500 13,500 13,500 reais. reais. reais. The tax system, Carnê Leão, The tax system, Carnê Leão, The tax system, Carnê Leão, because your funds come from abroad, you because your funds come from abroad, you because your funds come from abroad, you must use Brazil's monthly must use Brazil's monthly must use Brazil's monthly self-assessment system called the Carnê self-assessment system called the Carnê self-assessment system called the Carnê Leão, Leão, Leão, the the tax owed. After factoring the the the tax owed. After factoring the the the tax owed. After factoring the 5,000 exemption, that means they 5,000 exemption, that means they 5,000 exemption, that means they subtract it, subtract it, subtract it, and the progressive deductions applied and the progressive deductions applied and the progressive deductions applied to the remaining bracket, your monthly to the remaining bracket, your monthly to the remaining bracket, your monthly Brazilian income tax on 2,500 income Brazilian income tax on 2,500 income Brazilian income tax on 2,500 income footprint will hover between roughly footprint will hover between roughly footprint will hover between roughly 900 reais and 1300 reais, which is uh 900 reais and 1300 reais, which is uh 900 reais and 1300 reais, which is uh approximately 170 to 240 dollars. Note, approximately 170 to 240 dollars. Note, approximately 170 to 240 dollars. Note, if Brazil assesses your full global if Brazil assesses your full global if Brazil assesses your full global income income income of 3483 reais, your monthly tax of 3483 reais, your monthly tax of 3483 reais, your monthly tax liability will scale up to roughly 2200 liability will scale up to roughly 2200 liability will scale up to roughly 2200 reais to 2500, which is 400 to 470

reais to 2500, which is 400 to 470 reais to 2500, which is 400 to 470 dollars, and that's per month. dollars, and that's per month. dollars, and that's per month. Okay, foreign tax uh Okay, foreign tax uh Okay, foreign tax uh IOF. IOF. IOF. Every time you pull money out of your US Every time you pull money out of your US Every time you pull money out of your US bank account using an ATM in Brazil or bank account using an ATM in Brazil or bank account using an ATM in Brazil or transfer funds via an exchange platform, transfer funds via an exchange platform, transfer funds via an exchange platform, Brazil levies a tax on financial Brazil levies a tax on financial Brazil levies a tax on financial operations. operations. operations. If you use a US debit or credit card at If you use a US debit or credit card at If you use a US debit or credit card at local ATMs, the IOF rate is 4.34% local ATMs, the IOF rate is 4.34% local ATMs, the IOF rate is 4.34% on the transaction. Wow, that's a lot. on the transaction. Wow, that's a lot. on the transaction. Wow, that's a lot. If you use an online transfer service If you use an online transfer service If you use an online transfer service like like Wise, which I use, you should like like Wise, which I use, you should like like Wise, which I use, you should get that, it's great, to send money from get that, it's great, to send money from get that, it's great, to send money from your US bank to a local Brazilian bank your US bank to a local Brazilian bank your US bank to a local Brazilian bank account that you open, account that you open, account that you open, the IOF drops to 0.38% the IOF drops to 0.38% the IOF drops to 0.38% and it gives two sources for that and it gives two sources for that and it gives two sources for that statement. And then, financial tip for statement. And then, financial tip for statement. And then, financial tip for John, to minimize transaction fees, do John, to minimize transaction fees, do John, to minimize transaction fees, do not rely on use US debit cards at not rely on use US debit cards at not rely on use US debit cards at Brazilian ATMs for your monthly living Brazilian ATMs for your monthly living Brazilian ATMs for your monthly living expenses. Instead, use your retirement expenses. Instead, use your retirement expenses. Instead, use your retirement visa to open a local Brazilian bank visa to open a local Brazilian bank visa to open a local Brazilian bank account, use an online transfer service account, use an online transfer service account, use an online transfer service to move the 2500 at a time for the 0.38% to move the 2500 at a time for the 0.38% to move the 2500 at a time for the 0.38% tax rate, and use a local Brazilian tax rate, and use a local Brazilian tax rate, and use a local Brazilian debit card for daily life. And it gives debit card for daily life. And it gives debit card for daily life. And it gives three sources. Would you like to look three sources. Would you like to look three sources. Would you like to look into the document checklist into the document checklist into the document checklist like apostilling your Florida records.

like apostilling your Florida records. like apostilling your Florida records. Uh that's a stamp you get uh to make it Uh that's a stamp you get uh to make it Uh that's a stamp you get uh to make it make sense internationally that you have make sense internationally that you have make sense internationally that you have that you'll need when you go to Brazil that you'll need when you go to Brazil that you'll need when you go to Brazil that you you would get from your local that you you would get from your local that you you would get from your local officials, but your visa agent will officials, but your visa agent will officials, but your visa agent will explain that to you. explain that to you. explain that to you. So, if you'd like to know the checklist So, if you'd like to know the checklist So, if you'd like to know the checklist needed to officially file for visa at needed to officially file for visa at needed to officially file for visa at Brazilian consulate, and you can just Brazilian consulate, and you can just Brazilian consulate, and you can just say yes, it would give you that for your say yes, it would give you that for your say yes, it would give you that for your next question. So, with this information next question. So, with this information next question. So, with this information and additional questions your CPA will and additional questions your CPA will and additional questions your CPA will ask you, ask you, ask you, you'll save yourself potentially you'll save yourself potentially you'll save yourself potentially substantial time, which verify to verify substantial time, which verify to verify substantial time, which verify to verify this tax liability. this tax liability. this tax liability. Do now to get these Do now to get these Do now to get these prompts, these model prompts for free, prompts, these model prompts for free, prompts, these model prompts for free, just come to vagabondbuddha.com and just come to vagabondbuddha.com and just come to vagabondbuddha.com and click the travel menus link at the top. click the travel menus link at the top. click the travel menus link at the top. Um and scroll down and copy each prompt Um and scroll down and copy each prompt Um and scroll down and copy each prompt into your Word or Google document and into your Word or Google document and into your Word or Google document and then change the data to fit your file. then change the data to fit your file. then change the data to fit your file. Um I'll also put a link to this to the Um I'll also put a link to this to the Um I'll also put a link to this to the these prompts in this in the comments these prompts in this in the comments these prompts in this in the comments below this video. Then paste your edited below this video. Then paste your edited below this video. Then paste your edited prompts into the Google AI mode, and prompts into the Google AI mode, and prompts into the Google AI mode, and while you're over there, click the while you're over there, click the while you're over there, click the membership details button to find out membership details button to find out membership details button to find out all the resources we have to give you a all the resources we have to give you a all the resources we have to give you a soft landing in your retirement soft landing in your retirement soft landing in your retirement overseas, or just watch this video overseas, or just watch this video overseas, or just watch this video right here.