Andrew Fisher

The Cross-Border Family Wealth Guide (eBook, ePUB)

Advice on Taxes, Investing, Real Estate, and Retirement for Global Families in the U.S. and Abroad

• Format: ePub

Produktbeschreibung

Make sense of international personal finance with expat-specific expert advice The Cross-Border Family Wealth Guide is the long-awaited financial handbook for cross border families, with expert insight from a financial advisor who specializes in expat issues. Whether you're an American living abroad, or foreign-born and living in the U.S., this book demystifies the complex issues surrounding the worldwide tax system, international information reporting, sensible investments, international real estate, and retirement planning. When your wealth crosses international borders, managing even the most mundane financial affairs can become wrought with time-consuming complexity; moving money, opening accounts, dealing with currency risks and translation, and setting up investments suddenly involves a whole new set of rules and regulations. Your 401(k), IRA, or annuity must be handled properly to retain certain tax benefits, and retirement planning takes on a brand new dimension of difficulty. This book shows you how to navigate the maze to make sure your money keeps working for you. Real world examples illustrate solutions to common problems, and real, actionable advice gives you a solid plan for your next steps. While personal finance management is rarely simple, the recent crackdown on tax havens and increased tax collection vigilance has made things even more difficult for cross border families. This book answers your questions, and shines a light on the way forward to long-term financial security for international families. * Navigate the complexities of international taxation * Get specific guidance on retirement planning * Make sense of how real estate fits into your financial picture * Invest appropriately to maximize growth for the future * Manage your assets and tax benefits across borders With the right know-how, cross border professionals can make sensible investment and financial planning decisions, but credible guidance is rare and difficult to find. Simple and practical, with targeted advice, The Cross-Border Family Wealth Guide is the international family's solution for avoiding financial confusion.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 272
• Erscheinungstermin: 3. Januar 2017
• Englisch
• ISBN-13: 9781119234289
• Artikelnr.: 47508774

Autorenporträt

ANDREW FISHER is widely regarded as a leading wealth advisor to cross-border families. He frequently writes and speaks to the unique financial planning and investment complexities faced by international families, particularly when an individual is a tax resident of the United States. Andrew holds the CFA and CPA designations, and serves as president and founder of Worldview Wealth Advisors, an independent wealth management firm focused on financial planning and investment advice for cross-border families.

Inhaltsangabe

Foreword by Tim Kochis, JD, MBA, CFP(r) xvii

Preface xix

Acknowledgments xxiii

About the Author xxv

Part I: Financial Challenges of a Cross-Border Life 1

Chapter 1 Who Are These Cross-Border Families? 3

The Growing Need for a Definitive Guide 4

Who's Who: Who This Book Is Meant to Serve 6

Examples of Who Might Benefit from This Book 7

Diagramming a Cross-Border Person: Residency and

U.S. Income Tax Status 8

How Many Cross-Border Professionals and Families Are There? 10

Unique Challenges Faced by Cross-Border Families Connected to the United States 11

Chapter 2 Unique Challenges and the Regulatory Landscape 12

The Unequal Nature of Tax Regimes and Reach 12

The Unique Worldwide Reach of the U.S. Tax System 13

Complexity in Taxation and Other Regulations 14

Scarcity of Professional Help and Information 15

A Changing Legal, Financial, and Regulatory Landscape 17

The Far Reach of the Foreign Account Tax Compliance Act (FATCA) 19

Recommending Against Secretive Offshore Wealth Strategies 20

Part II: Saving and Investing: Building Your Personal Net Worth 21

Chapter 3 Building a Strong Foundation 23

Retirement Destination Unknown: Invest Globally 23

Spreading It Around 24

Wealth Creation and Accumulation 25

Saving from Earnings 25

Real Estate Ownership 26

Stock-Based Compensation 27

Entrepreneurs and Businesses Ownership 27

Investment Gains and Reinvestment 28

Inheritance 28

Diversification: Protecting and Growing Wealth 28

Considering Your Entire Balance Sheet 29

The Meaning of "Diversification" versus "Asset Allocation" 30

Spreading Thing Around 30

Asset Allocation in Investment Portfolios 30

A Well-Allocated Portfolio Can Still Lack Diversification 32

Allocating Your Net Worth: A Balance Sheet Approach 32

Six Primary Asset Categories 33

Three Additional Items of Importance 33

Cash and Cash Equivalents 33

Personal Residences 34

Income Property 35

Publicly Traded Securities: Stocks and Bonds 36

Bonds and Bond Funds (Fixed Income) 36

Stocks and Stock Funds (Equities) 37

Downsides of Owning Stocks 38

Concentrated Business Ownership 39

Personal Debt 40

Collectibles and Other Hard Assets 41

Other Private Investment Vehicles 41

Conclusion 42

Chapter 4 Investing in the Markets: Stocks and Bonds 43

Three Important Attributes 43

Easy Diversification 43

No Active Involvement 43

Source of Growth and Risk Control 44

Stocks and Bonds Work Better Together 44

Setting a Risk Objective 45

Managing Emotions While Focusing on the Long Term 45

Stock Picking--Maybe Not 46

Investment Advice to Live By 47

Avoiding the Herd Mentality 48

Staying Calm in Times of Change 49

Determining Investment Goals and Objectives 49

Four Common Investor Objectives Defined 50

Fundamental Investment Guidelines 51

Low-Cost Passive Investing 52

Tax Efficiency Is Huge 53

Global Diversification for All 53

Risk Control Through Asset Allocation 54

Regular Rebalancing Adds Value: Don't Invest and Forget 54

Strategic Versus Tactical Asset Allocation 55

Strategic Asset Allocation (SAA) 55

Tactical Asset Allocation (TAA) 55
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