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Financial

Articles > Financial

Financial

Beyond 1040 - What Else Do American Expats Have to Report With Their Taxes?

Posted on Tuesday January 10, 2012 (00:44:56)
Marian Wellman
Marian Wellman specializes in income tax services for US expatriates living in other countries and foreigners living in the US. She has been an Enrolled Agent (Certified to Practice Before the IRS) since 1985 and is a member of the Tax Advisory Board and a Country Representative for American Citizens Abroad. Click here to send Marian a no-obligation enquiry for US tax advice.

Many people who move overseas for a new job or to retire may be under the impression that they are no longer responsible for filing American income taxes. It's a (somewhat) reasonable assumption. There are 194 countries in the world, but only two of them require that their citizens declare income from anywhere world-wide (citizenship-based taxation), rather than just paying taxes on income where it is earned. And, you guessed it, the United States is one (Libya is the other, but even that could change with their political situation).   more ...

Articles > Financial

Financial

Expat Income Alternatives for a Low Interest Rate World

Posted on Tuesday January 10, 2012 (00:37:14)
Tom Zachystal
Tom Zachystal (CFA, CFP) is President of Individual Asset Management, a Registered Investment Advisor specializing in investment management and financial planning for expatriates. Click here to send Tom a no-obligation enquiry for financial advice.

In the current low-interest-rate environment prevalent in many developed market economies it makes little sense to park one’s investment money in conservative fixed income investments that offer poor yields; perhaps even yields lower than expected inflation rates. Given the fact that the first few years of Baby-Boomers are now retiring, and people in retirement tend to favor income-producing investments, it seems there should be considerable demand for alternatives to bonds.   more ...

Articles > Financial

Financial

FATCA (Foreign Account Tax Compliance Act): What American Investors Need to Know Now

Posted on Friday December 23, 2011 (23:45:35)
David Kuenzi
by David Kuenzi, CFP®, Thun Financial Advisors

October, 2011

This article examines the new FATCA law (Foreign Account Tax Compliance Act) and explains the significant impact it will have on Americans abroad. It details how the legislation will force foreign financial institutions to directly report to the IRS on assets held by Americans and why this suddenly makes compliance with many old and new reporting requirements much more critical. Practical implications for Americans abroad of these big changes are discussed and recommended actions are suggested to avoid being caught unaware as the new FACTA rules raise the difficulty of compliance and risks of non-compliance.   more ...

Articles > Financial

Financial

How UK Pensions Can be Transferred Abroad

Posted on Friday December 23, 2011 (23:38:07)
by Muzammil Bashir
www.pensioncalculator.org


When a UK citizen decides to move abroad, he or she has the choice to either continue holding a personal pension fund that is based in the UK, or to transfer the balance to a pension fund in the new country of residence. The latter choice gives more flexibility in terms of investments. If the former choice is made, however, the party will be required to use the bulk of it to purchase an annuity (use an annuity calculator to calculate your annuity) when retirement time comes.

Contacting the appropriate pension provider is the initial step in transferring the pension abroad. Caution should be exercised, however, because the tax benefits are not likely to be greater in another country, and the administration of UK pension funds tends to be better also, so it is important to investigate these issues ahead of time.   more ...

Articles > Financial

Financial

Taking cover abroad

Posted on Friday December 23, 2011 (23:35:52)
David Howell
by David Howell, CEO at Guardian Wealth Management

Regular review of all insurance policies held by non-domiciles living or working in Qatar is essential to ensure they provide the cover required.

In particular, anyone who has recently become or is thinking of becoming an expatriate, should re-evaluate all their existing insurance policies to ensure the terms match their needs and that there are no exclusion clauses that could affect the validity of the policy.   more ...

Articles > Financial

Financial

Expat Investing in a Low Interest Rate World

Posted on Friday December 23, 2011 (23:33:49)
Tom Zachystal
by Expat Focus investment partner, Tom Zachystal

On August 9th Ben Bernanke, Chairman of the US Federal Reserve, made an unprecedented announcement (I guess by now we should be used to unprecedented announcements from the Fed). He announced that the Fed would keep US target interest rates low for two years. Never before has the Fed committed to a time-span for its interest rate policy.

Many investors were disappointed that the Fed didn’t announce a further economic stimulus measure but in fact the actual announcement is much more useful because it helps bring certainty to what has become a very uncertain investment market.   more ...

Articles > Financial

Financial

The Euro in Wonderland

Posted on Friday December 23, 2011 (23:29:16)
Des Cooney
by Des Cooney Ph.D.

Director of Axis Financial Consultants based in Paris, France


Consider a currency that begins with the letter E……

For over a year now it seems like the Euro has fallen down the rabbit-hole. Politicians in Brussels appear to move from one surreal chain of events to another. One minute everything is upside down, and the next we are all back on our feet again. At the moment all eyes have been diverted to the plight of the US Dollar; however the troubles for the Euro are destined to return.

Whose dream is it anyway?

To fully understand the problems faced, it is necessary to examine the compendium of the Eurozone, which outlines the various events that have taken place since its inception.   more ...

Articles > Financial

Financial

Expat pension funds and currency exposure

Posted on Friday December 23, 2011 (23:25:59)
Des Cooney
by Des Cooney Ph.D.

Director of Axis Financial Consultants based in Paris, France


"Before you build your edifice, be sure of the ground beneath your feet."

The geographical distribution of assets such as equities, bonds and property has taken a more global path in recent years as pension funds seek to spread their risk. As a result, the currency exposure of assets under management has become an increasingly important factor in the investment equation.   more ...

Articles > Financial

Financial

Buying Off-Plan: An Expat Checklist

Posted on Friday December 23, 2011 (23:20:53)
Ivan Doherty
by Ivan Doherty, Chief Operating Officer & Investment Advisor, IFG Asia

Buying real estate in any country can often be time consuming and nerve wracking. If you are based in the country of purchase this can make it a lot easier, but cross-border purchases can be fraught with difficulties.

Most expats, because of their location, often find it easier and more convenient to buy-off plan property rather than second-hand property, the main reason being that it is often packaged and easy to transact the deal. In addition, with new property, in many countries, building guarantees are often included which reduce risk and the ongoing maintenance costs that may be associated with older properties. If you are living 4,000 miles away, you don’t need the headaches!   more ...

Articles > Financial

Financial

Managing Currency Risk Part 2: Practical Guide to Building a Globally Diversified, Multi-currency Investment Portfolio

Posted on Friday December 23, 2011 (23:14:00)
David Kuenzi
by David Kuenzi, CFP®, Thun Financial Advisors

Introduction

Currency issues are often one of the most vexing and least well understood issues for investors. This is especially true for Americans abroad whose salaries and other income sources are often denominated in currencies other than U.S. Dollars (USD). The good news is that understanding how to properly incorporate currency considerations into a sound, long-term investment strategy is much easier than commonly understood. In part 1 of this two part series, we discussed principles of sound currency management in investing. In this part 2 below, we provide a practical guide on how and where investors can go to construct a globally diversified, multi-currency investment portfolio.   more ...