Correct. But the extra taxes are way below what we were paying in health insurance premiums alone. That is not counting the 2 cataract surgeries my wife has had, the 3 suspicious skin lesions/moles I had removed or the heart surgery plus many appointments which would have exhausted my deductible and hit the annual max out of expenses for 2 years in a row. Plus we get free prescriptions and eye tests, being over 60.

Sounds like you guys made the right decision, for sure! The tax issue is probably the only thing that I am overwhelmed and worried about. I’m sure any pre-tax savings in the US we have will not be exempted from US tax no matter what? I’d just like to know what my net income would be in the UK after all the taxes are payed. I’m probably going to have to talk to an appropriate tax advisor to figure that out. Thanks for your responses. Have a nice Bank Holiday Weekend! It looks like it’s going to be a nice one. :-)

Roths are tax free in the UK which is why it is worth converting if you are going to be in the 40% bracket by the the time RMDs will force IRA withdrawals. I have no IRA money, it is all in a Roth.