Bristlecone Blog

France offers an irresistible lifestyle for American retirees — world-class healthcare, stunning cities and countryside, and a slower pace of life. But the dream comes with a checklist. From dual tax-filing obligations and Medicare gaps to IRA distribution rules and estate planning across two legal systems, retiring abroad introduces layers of complexity that catch many Americans off guard. This practical guide walks through the seven most important financial and tax issues U.S. citizens should address before making the move to France.

After three years of strong gains, the first quarter of 2026 served as a reminder that markets do not move in a straight line. The S&P 500 fell roughly 4%, large-cap growth stocks posted their worst quarter since Q2 2022, and the Federal Reserve signaled that interest-rate cuts will come later and more gradually than markets had anticipated. Beneath the surface, however, the picture was more nuanced — small-cap stocks and value strategies eked out gains, commodities surged as oil prices jumped on Middle East tensions and the Strait of Hormuz shutdown, and corporate earnings continued to grow at a double-digit annual rate. For long-term investors, this type of quarter is not a warning sign — it is a normal reset that rewards diversification and disciplines expectations.

Health Savings Accounts (HSAs) offer some of the most powerful tax benefits available, especially for high earners. If you’re enrolled in a high‑deductible health plan, an HSA can provide deductible contributions, tax‑free growth, and tax‑free withdrawals for qualified medical expenses—making it a uniquely effective tool for managing today’s healthcare costs and funding future medical expenses in retirement.

Many seniors breathe a sigh of relief upon reaching age 65—and qualifying for Medicare. Private health insurance is a major household expense for those aged 50-64, and Medicare coverage is significantly cheaper. Even so, some seniors are surprised to learn that they could be subject to additional out-of-pocket Medicare premiums...

Even with a shaky start and plenty of headlines to worry about, 2025 turned out to be a strong year for investors. Interest rate cuts, steady corporate profits, and easing inflation helped lift stocks, bonds, and other asset classes. Diversification—especially beyond the largest U.S. companies—continued to play an important role as we head into 2026.

Retiring abroad is an accelerating trend among Americans, as nearly 800,000 now receive Social Security benefits internationally. Lower living costs, unique lifestyle choices, and favorable family circumstances drive this movement. However, expat retirement brings complex banking, currency, tax, and healthcare challenges—especially under laws like FATCA and amid currency risk. Proper financial planning is essential. This is the 2nd part of our previous piece.