Ed and Fran
Jun 15, 2003, 6:30 PM
Post #2 of 2
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As a very general reply, I believe you will continue to pay U.S. taxes on withdrawals from IRA's, retirement plan payments, capital gains from sales of investments, etc. as if you were in the states.
You don't get any tax break for being out of the states (the exclusions normally are for foreign earned income). It is also my understanding (subject to correction by those more knowledgeable in these matters) that Mexico does not currently try to tax foreign income if you are retired and not working in Mexico.
Regards
E&F
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