Retirement in France: The Allure of Une Belle Vie for Americans

Americans who retire in France quickly learn that the enjoyment found in simple joys such as a delicious meal or a beautiful sunrise during a morning walk are endemic to the culture here.

Additionally, France offers many wonderful cities and towns where one might embrace their sunset years in peace, with excellent access to healthcare and a high quality of life.

A healthcare system that works for society, by design

Life in France is characterized by a blend of traditional charm and modern amenities. Retirees are often amazed that their entire healthcare profile is accessible to all providers on a simple Social Security card (la Carte Vitale), which, coupled with affordable supplementary insurance, often provides comprehensive coverage for less than 100 euros a month. Additionally, aging Americans will be relieved (and perhaps even a little incredulous) to learn that treatments for long-term illnesses are 100% covered within the French system.

Retirement age and visa pathways

While the retirement age in France varies based on birth year, recent reforms have raised it from 62 to 64 for many. This is still three years before the US retirement age (67), making France even more appealing to hard-working Americans ready to enter the next and more leisurely phase of life.

How do I move to France for retirement?

Although France does not offer a dedicated retirement visa, the best visa pathway for US retirees seeking to live long-term in France is the Long-Stay Visitor Visa (VLS-TS Visiteur). The main requirement in order to obtain this visa is proof of sufficient funds to support yourself in France and that you do not work while you hold the visa.

Tax considerations

US retirees in France are subject to taxes by both the French and US governments. However, the tax treaty between the two countries ensures that US-source retirement benefits are only taxed in the US. With careful planning and consideration of expat tax breaks, US retirees can effectively manage their tax obligations.

In cases where a US retiree has a substantial asset base (typically around $1 million) in the US and/or complex estate planning considerations, it can be helpful to speak with a financial advisor qualified to support Americans in the French jurisdiction to guide you through a globalized review and expert reallocation of your assets (as needed). Moreover, working with a US Registered Investment Advisor firm ensures that your advisor is held to the fiduciary standard, which is not required of European advisors.

Does France have a double tax treaty with the US?

Yes –and it’s one of the most advantageous ones.

The agreement, which has been in effect since 1996, has several important provisions that go beyond protecting Americans abroad from double taxation. Key articles in the US-France taxation Treaty that note that certain US-based retirement accounts retain their US advantages, even if the account holder is technically a French tax resident (e.g., lives in France) are of particular interest to US retirees.

Additionally, it’s worth noting that:

• Social Security distributions are taxed at U.S. rates under this agreement, and
• When structured correctly, capital gains taxes, interest, and dividends in a taxable investment portfolio are also US-taxed. (Early retirees, take note!)

In conclusion

Retiring in France offers American retirees an exceptional quality of life, characterized by simple joys and excellent healthcare. On the logistical side, Americans also benefit from favorable visa pathways and advantageous tax treaties.

Taken together, France beckons as a haven for those seeking peace, health, and fulfillment in their golden years.

For more information and to speak to an advisor please contact the team :

[email protected]

 +1 (720) 655-7510

Chase Buchanan USA