Pls note that majority of Americans do not think of IRA, Roth IRA, 401k, 457b, etc as a pension. The perception of "pension" is one that a company puts money aside (or takes money from employees income) every month to be paid on a monthly basis after the employee retires. In other videos about end of NHR...when someone referred to a pension, another commenter quipped that pensions have been long dead in the US. May I suggest changing the vid title to include something like "(IRAs, Roth, 401k, 457b, and other US retirement savings vehicles)". Without it, ppl may not view vid as they dont think it pertains to them.

Four comments: 1. In order to consider Traditional IRAs as pension in Portugal, both the US and Portuguese tax authorities have to agree, otherwise I think we end up paying taxes in both countries and thus violate the basic tenet of double taxation. 2. If Roth IRAs are also taxable in Portugal, then how would you treat Roth conversions, where by US law I can move any amount of money from a Traditional IRA to a Roth IRA by paying taxes on it this year? 3. The concept of a pension, as described in the tax treaty between these two countries, seems to me "guaranteed periodic payments of a pre-determined amount", whereas an IRA is not guaranteed and the value is entirely dependent on how well individuals manage the investment portfolio and withdrawals. 4. Lastly, when we talk of pensions, are Social Security payments to non-government employees taxable in Portugal?

Hi Pauln No I never got a reply from the presenters. I don’t know anything more than when I asked them the question. I was thinking the same as you but it isn’t clear to me. Entropy here😊👍

Pls consider adding a video about what PT considers as a govt pension? As one can see in the social media grp, it's not that clear. US can have city/town/village; county, state, federal govt paying pensions. Also some public state university employees are considered state workers and get state pensions. Some hospitals used to be county hospital until they were bought out by private company who then assumed the pensions. (For many employees in that situation they had worked 25 yrs there as a county hospital but finished their yrs to retirement as a private hospital employee. Some university hospitals are considered state employees as well...so ground gets murky fast.

In addition, as an additional tag line to the company name....pls consider adding "Expat international tax experts" or the Everything intl expat tax shop.....something to indicate in the channel title that it is for intl tax configuration and planning...otherwise it doesn't come up when one searches expat tax portugal.

I’m glad I watched your video but I’m still confused. I thought I was moving to Pt in fall next year. I’m totally US pension income…retired educator state pension and social security. I didn’t think I had to worry because of US & Pt treaty until I saw this video and the one Zeef did with Josh, Expats Everywhere. I just applied for my passport. Do I have to go to Pt to get NHR through Fresh in next 2 months or can it be done from US? I did request expedited passport but it could be Jan. when it arrives.

Let see if i get this (no NHR). If I have an IRA and over the life of that IRA the average return is 8% then 8% of what ever I pull from that account per year is pension and is taxable, not the entire amount. $100.000 x .8 = $8.000. $8.000 is progressively taxable not the entire $100.000??? something like that???