Wealth without Borders
The purpose of this quarterly newsletter is to share cross-border wealth management news and insights with our cross border clients and colleagues.
Our cross-border clients will be happy to hear that on January 5th, 2025, the bill to repeal WEP was signed into law. This means that those individuals affected by WEP may receive additional Social Security benefits. Better yet, the bill is retroactive back to benefits received in January 2024.
The Steele Wealth Management team are specialists at maximizing retirement income for all our clients, and we are happy to see elimination of WEP with more money in the pockets of our cross-border clients! While WEP repeal simplifies retirement income planning, there is still plenty of planning to do to maximize income in retirement!
