I’m in my 50s and am planning for early retirement abroad – how do I reduce my taxes on the $9 million in my retirement accounts?

Group 1 - The F.I.R.E. (Financial Independence Retire Early) strategy can significantly grow retirement savings, potentially reaching target amounts a decade or more before age 65 [1] - Early retirement at high earning levels can lead to substantial tax liabilities from the IRS and local governments, depending on the state of residence [1] - Becoming an expat during retirement may trigger additional tax issues that require careful planning [1] Group 2 - US citizens are taxed on worldwide income regardless of their location, with the Foreign Earned Income Exclusion allowing for up to $120,000 to avoid double taxation [3] - Extended travel abroad can result in additional tax liabilities from host countries [3] - The IRS pursues unpaid taxes for up to 10 years, adding penalties, which can complicate plans for retiring overseas without proper tax strategies [4] Group 3 - A Reddit user in his 50s has accumulated $9 million in retirement accounts and plans to withdraw $300,000 annually while minimizing tax liabilities [5] - The user seeks advice on whether moving out of the US can reduce IRA taxes and if there are tax advantages to extensive travel abroad [6] - Questions include the necessity of moving funds to another country and the best practices for managing expenses while living abroad [6]