How to drive in Spain with a US license

How do I go about getting a new driver’s license in Spain? Compared to the United States, Spain has similar driving laws, but different documentation requirements than you know. If you want to drive in Spain, you can use your foreign driving license for the first six months. However, you will need to carry both … Read more

Costs of purchasing a home in Spain

costs of purchasing a home in spain

Homeownership in Spain Spain has a very high homeownership rate, with around 80% of residents owning their own homes and many of them without getting a mortgage. During the global financial crisis and the subsequent collapse of the property market, Spain suffered severely. House prices dropped by 30%, but the market has become more stable … Read more

US Federal Tax Issues to Consider Before Filing Your 2021 Tax Returns

Just the same as American taxpayers living and working in the US, all American citizens and green card holders residing abroad and earning foreign-sourced income still have an ongoing requirement to file their US federal returns and pay US  federal income taxes due unless their gross income is below the minimum income threshold, which varies … Read more

Why Savers Pursuing Early Retirement Should Consider Limiting 401(k), IRA Contributions

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By Donna Sellinger Editor, contribution by Victor Gersten, M.S., CFP®  | Nov 22, 2020 Editorial note: Barron´s Is it possible to overfund your retirement accounts? The conventional wisdom about retirement savings says to put as much as possible into an individual retirement account or 401(k) as early as possible. While this all-in strategy makes sense for … Read more

Why you should think about financial independence and mini-retirements?

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Financial Independence and Early Retirement is UNIQUE FOR EACH CLIENT

By Victor E Gersten, M.S., CFP® | October 6, 2020

The question is: how can we manage our limited resources and unlimited wants and needs without running out of resources?

But the challenge remains: how can we ensure work/life balance without working full-time until the ever-increasing official retirement age given the amount of resources we have?

Unfortunately,  without proper financial planning, the odds to retire early are against us.

At Gersten Financial Planning we specialize in working with people like you who want to attain financial independence and to retire on their own terms.