As an American expat, use caution when considering offshore Robos.
With the success of the combined OVDP and Streamlined programs, the IRS has collected over 10BB in taxes, interest and penalties. An article written by Robert W. Wood and published in Forbes online October 24, 2016.
Americans should invest Globally through US tax compliant investment accounts.
This is a great article posted in Seeking Alpha on October 14, 2016 by Neal Frankie, CFP. It highlights the importance of seeking guidance from a CFP professional to understand the long term implications of investment decisions.
Estate planning is very important but is often put aside for another day. Who wants to worry about the details of death while living? While few of us have 300MM estates like Prince, having an estate plan in place, particularly as an expat, will protect your loved ones from additional emotional & financial stress at a time when they are dealing with the loss of a loved one.
Expatriate life offers us many benefits, and oportunites to explore Asia and beyond. It’s easy to get carried away, fulfilling our bucket list of experiences and forget that we need to continue to plan for a future that may feel very distant. Whether that be saving for a home or retirement, funding a child’s education, ensuring appropriate life & health insurance, or estate planning.
Understand FACTA and how it impacts you. We recommend that our clients make their global investments using U.S. based financial products to simplify their tax compliance requirements and maximize return on investment.
If you would like to learn more about any of these topics, or how they might affect your financial growth, contact us today.