If you’re an American citizen, thinking of moving to Portugal on the Golden Visa, then you may be wondering how best to access the €500,000 needed to make the required investment. Over half of American HNWI wealth is locked away in retirement plans, such as 401(k)s and IRAs, and to withdraw these funds before retirement age carries severe tax penalties in the USA. But what if there was a way to access the funds in your retirement accounts and invest in the Portugal Golden Visa – without incurring those tax penalties?

In this video, Jonathan explores the pitfalls and possibilities when accessing your 401(k) or IRA to invest in Portugal’s Golden Visa for second citizenship. We’ll look at the rules on the US side, the rules on the Portuguese side, and outline a preferred structure that allows you to invest in a compliant way WITHOUT incurring the tax penalties associated with early withdrawals from retirement accounts. We’ll also run the numbers to demonstrate the savings you could make by following such a structure, and how it could impact your retirement prospects and future lifestyle. The Portugal Golden Visa is the #1 route to dual citizenship, and a European passport, without having to leave the USA. Whether you intend to relocate to Portugal or not, making a qualifying investment into the country, holding it for 5 years and visiting the country for an average of 7 days a year would make you eligible for a coveted European passport. This would give your family the right to live, work, study and retire anywhere in the European Union.

Disclaimer: this video is for informational purposes only and does not constitute advice. For tailored guidance on your own situation, we recommend booking a free consultation via the link at the foot of this page.

The above video was originally published on my Youtube channel (here). If you would like to stay informed of the latest updates on the Golden Visa and second citizenship landscape, you may wish to consider subscribing to the channel.

Are you thinking of moving to Portugal? Ready to explore your Golden Visa investment options? 

For a free review of the most appropriate investment options for Portugal’s Golden Visa, click the button below. You’ll be sent joining instructions for a consultation with Jonathan (or a member of his expert Residency & Citizenship by Investment team) immediately to your inbox.