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It is difficult enough for Americans living in the country to understand how much they have paid into the system and what benefit they can expect to receive in retirement, and it gets even more complicated for Americans living abroad. If you move outside the US, here’s what you need to know about your Social Security benefits.
Read MoreFinding a financial advisor that puts your interests before their own isn’t easy. Many financial advisors are more like salespeople, and make most of their money from selling products that earn commissions rather than helping clients do what is best with their money.
Read MoreAbout 67% of workers in the United States have access to workplace retirement plans. Unfortunately many employees aren’t making the most of their retirement options at work, with 25% missing out on the full employer match and 17% choosing not to participate in their work plan at all.
Read MoreWhile many countries have treaties or laws in place to prevent double taxation of the same income, two countries can and do tax the same income, and US citizens are not excluded from the potential of double taxation. To determine if you may be subject to double taxation, you need to examine the tax laws of the country you are moving from, the country you are moving to, and any treaties or agreements between the two.
Read MoreRoth IRAs are amazing retirement savings vehicles because contributions grow tax-free and qualified distributions are entirely tax-free. Saving in a Roth IRA can maximize your income in retirement and help minimize taxes.
Read MoreMoving to an entirely new country is very exciting and will be a life-altering experience no matter why you are moving. Whether you are moving for work, education, or personal reasons, you are going to have an abundance of financial questions. These are some of the top questions and concerns we see at Aberdour Investments from individuals or families that move from the UK to the US.
Read MoreIt is very likely that interest rates will be cut this year, with markets putting the odds of at least one rate cut this year at around 97%. However, no one can predict the future and unexpected news of inflation increasing could cause the Federal Reserve to change their plans about cutting interest rates in 2024.
Read MoreMaking the move to a new country is a big ordeal. Finding housing and education, learning social and cultural norms, succeeding professionally – there is a lot to be managed – much of which has a financial aspect across borders.
Read MoreThe balance sheet is one of the financial statements. It provides a powerful snapshot of financial health for a moment in time. A strong balance sheet can be an indicator of a more resilient enterprise and of a company more likely to provide greater investor returns.
Read MoreIn life, there is always a lot that we don’t know. Although we all operate with more unknowns than knowns having a plan is always a good idea even though that plan may be executed in its fullness very rarely. This post covers the basics of putting a plan together and finishes with some thoughts on the Corona Virus and its potential impact on the economy and markets.
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