The cross-border family wealth guide : advice on taxes, investing, real estate, and retirement for global families in the U.S. and abroad /: advice on taxes, investing, real estate, and retirement for global families in the U.S. and abroad. ([2017])

• Record Type: Book
• Further Information: Note: Andrew Fisher.
• Authors: Fisher, Andrew, 1971-
• Contents: Foreword by Tim Kochis, JD, MBA, CFP® Preface Part I The Financial Challenges of a Cross-Border Life Chapter 1 Who Are These Cross-Border Families? The Growing Need for a Definitive Guide Who’s Who: Who This Guide Is Meant to Serve Examples of Who Might Benefit From This Book Diagramming a Cross-border Person: Residency and U.S. Income Tax Status How Many Cross-border Professionals and Families Are There? Unique Challenges Faced by Cross-border Families Connected to the United States Chapter 2 Unique Challenges and the Regulatory Landscape The Unequal Nature of Tax Regimes and Reach The Unique Worldwide Reach of the U.S. Tax System Complexity in Taxation and Other Regulations Scarcity of Professional Help and Information A Changing Legal, Financial, and Regulatory Landscape The Far Reach of the Foreign Account Tax Compliance Act (FATCA) Recommending against Secretive Offshore Wealth Strategies Part II Saving and Investing: Building Your Personal Net Worth Chapter 3 Building a Strong Foundation Retirement Destination Unknown: Invest Globally Spreading It Around Wealth Creation and Accumulation Saving From Earnings Real Estate Ownership Stock-Based Compensation Entrepreneurs and Businesses Ownership Investment Gains and Reinvestment Inheritance Diversification: Protecting and Growing Wealth Considering Your Entire Balance Sheet The Meaning of “Diversification” versus “Asset Allocation” Spreading Things Around Asset Allocation in Investment Portfolios A Well-Allocated Portfolio Can Still Lack Diversification Allocating Your Net Worth: A Balance Sheet Approach Six Primary Asset Categories Three Additional Items of Importance Cash and Cash Equivalents Personal Residences Income Property Publicly Traded Securities: Stocks and Bonds Bonds and Bond Funds (Fixed Income) Stocks and Stock Funds (Equities) Downsides of Owning Stocks Concentrated Business Ownership Personal Debt Collectibles and Other Hard Assets Other Private Investment Vehicles Conclusion Chapter 4 Investing in the Markets: Stocks and Bonds Three Important Attributes Easy Diversification No Active Involvement Source of Growth and Risk Control Stocks and Bonds Work Better Together Setting A Risk Objective Managing Emotions While Focusing On The Long-Term Stock Picking – Maybe Not Investment Advice To Live By Avoiding the Herd Mentality Staying Calm in Times of Change Determining Investment Goals and Objectives Four Common Investor Objectives Defined Fundamental Investment Guidelines Low-Cost Passive Investing Tax Efficiency Is Huge Global Diversification For All Risk Control through Asset Allocation Regular Rebalancing Adds Value: Don’t Invest and Forget Strategic vs. Tactical Asset Allocation Strategic Asset Allocation (SAA) Tactical Asset Allocation (TAA) Take It Slow A Jurisdictional Review: Where to Hold Investments? Large Foreign Banks in Europe or Asia Have You Earned Your Own “Private Banker”? Not World-Class Investments Not World-Class Advice Tax Reporting And FATCA Large Offshore Private Banks Smaller Offshore Banks and Insurance Companies U.S. Brokerage Accounts Problems with Maintaining Accounts in the United States Foreign Residents with U.S. Accounts The Best Choice for Many People Part III 401(k)s, IRAs, and Other Pensions and Savings Plans Chapter 5 A Global Approach to 401(k)s and IRAs Investing Your Serious Money 401(k) Plan Basics Key Benefits of 401(k) Plans Global Investing for a Global Retirement The Location of Underlying Assets Is What Matters 401(k) Plans Lack a Global Perspective Inherent Currency Risks Target Date Funds: A Lot To Like and Dislike IRA Rollovers IRAs Offer Distinct Advantages Owning Real Estate within an IRA Leave It Alone and Let It Grow Chapter 6 Unique Cross-Border 401(k) Issues A Lack of International Tax Agreement Do The Benefits of a 401(k) Follow You? International Tax Law is Unclear The 401(k) Gets Respect Benefits May Travel with You, But Your Account Stays Put Taking It with You Must I File U.S. Tax Return Because of a 401(k)? How Are Distributions Taxed? What If You are Living Abroad When You Draw out Money? Tax Withholdings on Distributions to Non-Residents Many U.S. Institutions Will Over-Withhold Tax on Distributions How Are Foreign Residents Recovering U.S. Withholding Tax? Unreported Income Isn’t Right (Move back to H2) Contributions to IRA Accounts While Living Abroad—Be Careful Chapter 7 Foreign Retirement Plans, Pensions, and Other Savings Accounts Foreign Retirement Plans U.S. Tax Treatment of Foreign Retirement Plans Is Often Unclear What is Really Happening Now? Contributions by U.S. Citizens and Residents to Foreign Plans For U.S. Taxpayers: Foreign Contributions Typically Do Lower Taxes It Is Likely Not Being Reported to the IRS at All Best Planning of All—Save Now and Save Later Existing Foreign Retirement Accounts: The Real World Better International Reporting and Coordination Is Needed Investing Inside a Foreign Retirement Account High Fees and Poor Investments: A Headwind against Growth Roth IRAs and Roth 401(k)s How to Get Money In Foreign Implications of Roth IRAs and Roth 401(k)s Roth Accounts Don’t Speak Foreign Languages Traditional Pension Income Pensions Paid Across Borders U.S. Taxpayers Abroad with U.S. Pension Income Not Reporting to Foreign Authorities Is Risky U.S. Taxpayers Abroad with Foreign Pension Income Non-Residents Living Abroad with U.S. Pension Income Don’t Claim to Be a U.S. Tax Resident When You Are Not Proper Tax Treatment Educational Savings: 529 Plans To Maximize Benefit, Start Very Young Foreign Residents Beware Finding Good Advice Is a Challenge Part IV Real Estate Chapter 8 Renting, Owning, and Investing Crazy for Real Estate Real Estate Appreciation Likely to Slow in Future Primary Residences and Vacation Homes Advantages to Owning Your Home Owning a Vacation Home The Process of Buying a Home in the U.S. Selling Expenses and Property Taxes Buy or Rent upon Arrival? When You Should Probably Own Real Estate as an Investment Before even Considering an Investment Benefits (and Some Negatives) to Investing in Real Estate Property Types: Single Family Homes versus Commercial Types of Commercial Real Estate Assets Owning Property: Directly or with Other Investors Real Estate Partnerships To Rent Out or Sell a Former Home Why Turn Your Old Home into a Rental Property? Do You Like Fixing Toilets? You Have Three Years to Decide Cross-border Situations Where a Home Is Left Behind Americans on the Move Foreign Nationals with U.S. Residency Foreigners Might Sell Before Becoming a U.S. Tax Resident
• Publisher Details: Hoboken, New Jersey : John Wiley & Sons, Inc
• Publication Date: 2017
• Extent: 1 online resource
• Subjects: 332.0240089/13; Americans -- Foreign countries -- Finance, Personal; Aliens -- United States -- Finance, Personal; Families -- Finance, Personal; Estate planning; Wealth -- Management; International finance; BUSINESS & ECONOMICS / Finance; Electronic books
• Languages: English
• ISBNs: 9781119234289
• Related ISBNs: 111923428X; 9781119234272; 1119234271
• Notes: Note: Print version record.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.