Hi all US expats and Tax accountants!
I'm a US and as well as EU citizen (non-Spain) living in US and planning to retire in Spain.
I have researched a lot online and YouTube videos but I could not find any concrete reliable information about this:
1. If I retire in Spain as a full time resident, will my ROTH 401k and Roth IRA be taxed by Spain? If yes, how it will be treated (income, pension, brokerage) at what tax rates using about $50k a year with wife?
2. Since US will not Tax anything Roth, is there any agreement with Spain about taxation of Roth retirement accounts?
3. How is regular IRA and 401k taxed? As pension, income, brokerage with gains and at what cost base?
4. Is there any good online source for above information besides hiring tax accountants who sometimes give different information from each other?
Thank you for all reliable information!
Erich