Cross-Border Family Wealth Guide - Advice on Taxes, Investing, Real Estate, Retirement for Global

Informationen zum Autor 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. Klappentext Make sense of international personal finance with expat-specific expert adviceThe 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 bordersWith 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. Zusammenfassung 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. Inhaltsverzeichnis Foreword by Tim Kochis, JD, MBA, CFP® 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 Chang...

List of contents

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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Product details

• Authors: A Fisher, Andrew Fisher, Andrew (University of Nottingham Fisher, Andrew (University of Washington) Fisher, Executive Director Andrew (Community Food Fisher, Tim Kochis
• Assisted by: Tim Kochis (Foreword), Kochis Tim (Foreword)
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 31.12.2016
• EAN: 9781119234272
• ISBN: 978-1-119-23427-2
• No. of pages: 272
• Subjects: Guides > Law, job, finance; Social sciences, law, business > Business > Business administration; Finanzwesen, Private Finanzplanung, Allg. Finanz- u. Anlagewesen, Finance & Investments, Finanz- u. Anlagewesen, Spezialthemen Finanz- u. Anlagewesen, Finance & Investments Special Topics, Personal Finance / Financial Advising, Private Finanzen / Beratung