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Red Carpet Retirement™

Red Carpet Retirement™

By: Adam Scott
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 Welcome to Red Carpet Retirement™ with Adam Scott from WellAcre Wealth Management, LLC. In this podcast, we provide strategies and tools so those in the entertainment and creative industries can achieve greater financial and retirement security. We help make work optional so you only work when you want on the projects you love, with the people you like. Join us for this journey where we explore financial planning for creatives and business owners within the entertainment industry as Adam draws from years of expertise and guest experts to increase your certainty of a Red Carpet Retirement.Copyright © 2022 Red Carpet Retirement Economics Personal Finance
Episodes
  • Leaving Uncle Sam: The Real Cost of Expatriating (Ep. 39)

    Leaving Uncle Sam: The Real Cost of Expatriating (Ep. 39)
    Oct 21 2025
    Many Americans dream of retiring abroad, but few realize the tax implications involved. In this episode, Adam Scott, CFP®, explains what it really means to expatriate, the financial consequences of renouncing U.S. citizenship, and how couples can strategically plan to reduce taxes. He also discusses potential pitfalls, from exit taxes to inheritance issues, and offers advice on when living abroad makes both financial and emotional sense. Adam also examines the process and costs of expatriation, strategies to stay below U.S. tax limits, and highlights where moving abroad can actually benefit retirees and entrepreneurs. Key Takeaways: The only way to completely eliminate U.S. taxes is by giving up citizenship or a green card Expatriating triggers an “exit tax” if your net worth exceeds $2 million per person or $200,000 in annual tax liability Couples can plan strategically by transferring assets to stay below the taxable threshold Moving to Puerto Rico can significantly reduce federal taxes for those still earning income Expatriation decisions should be driven by lifestyle, not just tax savings, and require professional cross-border tax guidance And more! Connect with Adam Scott, CFP®: LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946
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    26 mins
  • Moving Abroad for Taxes and Lifestyle (Ep. 38)

    Moving Abroad for Taxes and Lifestyle (Ep. 38)
    Sep 16 2025
    Can living abroad really lower your tax bill, or is it more about lifestyle? In this episode, Adam Scott, CFP®, explores the allure of relocating to places like Portugal, Italy, Greece, and even Puerto Rico. He explains ways to reduce your taxes by moving abroad, but that for some gaining residency and improving lifestyle often outweighs tax savings. Adam shares insights, examples, and strategies to consider before packing your bags. Key points covered: How U.S. taxation on worldwide income makes reducing taxes abroad more complicated Why tax treaties and foreign tax credits prevent most cases of double taxation Lifestyle and residency factors that often drive the decision more than tax savings Details on the foreign earned income exclusion and where it applies A preview of next episode topics: Puerto Rico, the exit tax, and moving between U.S. states And more! Connect with Adam Scott, CFP®: LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946
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    21 mins
  • The Big Beautiful Bill and Your Social Security Future (Ep. 37)

    The Big Beautiful Bill and Your Social Security Future (Ep. 37)
    Aug 19 2025
    Social Security decisions have always been a balancing act, but a new piece of legislation, the “Big Beautiful Bill,” is adding fresh twists. This week, Adam Scott examines how recent changes impact when and how to claim Social Security, challenging viral “claim early” advice and breaking down the bill’s pros and cons. Adam unpacks myths, math errors, and what the future may really hold for your benefits. He also delivers a sobering warning: plan for a 20% cut in benefits after 2032, and don’t count on Congress to save the day. Adam discusses: How the Big Beautiful Bill’s tax changes may mean tax-free Social Security, but only until 2028 Why influencer advice to claim early at 62 often ignores flawed assumptions and survivorship benefits The real impact of the Social Security Trust Fund running out, and why it’s not a total disappearance of benefits The connection between life expectancy, claiming age, and long-term payout strategies Political and fiscal challenges make a full Congressional “rescue” of Social Security unlikely And more! Resources: Should You Claim Social Security Early or Wait? (Ep. 27) Connect with Adam Scott, CFP®: LinkedIn: Adam Scott LinkedIn: WellAcre Wealth WellAcreWealth.com Phone: 310-220-4946
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    34 mins
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