Global Financial Planning

From our own personal experiences, we are deeply familiar with global financial planning.  As we can attest, your situation can become complex when there are two (or more) countries involved. This means you have to understand all the implications of your financial plan when you live, or have lived, in another country, or you have family abroad.

As fee-only, independent fiduciaries (we get paid by you directly and put your interests first), we identify and manage the complexities that arise in a cross-border situation. This includes in-bound financial planning (when you move from another country to the U.S.)  to out-bound financial planning – when you move abroad for work or in retirement, or when you’re an expat leaving the U.S. to return to your country.

Global Financial Planning

We also work with a team of other international specialized professionals. As financial planners we provide the total picture of your financial situation with your goals securely in mind.

Examples:

Immigration Planning – It is best to plan before you move to another country to avoid the unexpected. The timing of your move, for instance, can have a big impact on taxes, as does the type of visas you apply for and whether you apply for citizenship

Currency Transfer Rules and Risk Management – All countries have regulation on how much money you are allowed to move from one country to another and what you are obligated to report and when. Exchange rates fluctuations bring added risk to a financial plan.

Investing While Living in Another Country – A lot of rules you may not be aware of can trip you up on your U.S. tax return.

Tax Planning – As an American citizen or a non-citizen resident, you have to pay taxes on your worldwide income. With income in two or more countries, you can avoid paying double taxes.

Emigration – Exit Planning – Understanding the regulations and the tax implications for when you want to leave the US. Planning in advance and doing it the right way can save you money.

Estate Planning – As an American citizen or a non-citizen resident, your global estate is part of your U.S. estate for tax purposes. We understand the rules but you will most likely need help from an international estate lawyer.

Cross-border Pension Planning – It’s a good idea to understand how pension assets and distributions are taxed, offset, and transferred in different countries.

Social Security – How does social security building up in one country work together with social security in another country? What are spousal non-citizen and/or non-resident rights?

Insurance – You need insurance that is also effective when you move or live abroad temporarily.