Chad Creveling, CFA and Peggy Creveling, CFA |
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As you look for a holiday gift for your favorite expat or perhaps just for some interesting reading over the holidays, have a look through our annual list of highly rated books, especially selected with the expat reader in mind. All can be easily purchased on the internet, and while some are more serious, others are just for fun. For those expats who may live far away, most of these titles have digital and audio...
Chad Creveling, CFA and Peggy Creveling, CFA |
As the end of the 2019 tax year approaches, expats working in Thailand may wish to consider sheltering some of their income from Thai tax by contributing to Thailand’s Long-Term Equity Funds (LTFs) and Retirement Mutual Funds (RMFs). With a little bit of planning, you can save up to THB 350,000 (or about USD 11,700) this year in Thai taxes by contributing to both of these tax-advantaged funds.​ Important: LTF tax privileges are due to...
Creveling & Creveling is required by law to protect clients’ privacy, and does not release client information to third parties without written approval. The following is a fictitious example designed to demonstrate the value of proper financial planning, and does not refer to any specific case. The Situation Steve and Denise are a Canadian couple who have been working in Southeast Asia for the past seven years. Steve works in the oil industry, while Denise...
Chad Creveling, CFA and Peggy Creveling, CFA |
To enjoy your ideal expat life, you need to embrace proper planning and have an awareness of the challenges of building a life overseas. Whether you’re a retiree or a professional on an extended stint as an expatriate, here are some financial issues you need to consider as an expat in an emerging economy. Cost of Living Yes No Have you researched cost-of-living expenses in your country of residence? Have you researched historical inflation rates...
Chad Creveling, CFA and Peggy Creveling, CFA |
Consumer financial fraud has hit all-time highs around the world, and much of it occurs online. Stories about scams abound, including identify theft, phishing and push-payment scams, unauthorized credit card purchases, hacked financial-institution websites, and ATM fraud. In the worst cases, hundreds of millions are stolen, even from large corporations like Facebook and Google. If sophisticated tech companies can fall prey to these scams, how can you protect your own finances? We've put together the...
Chad Creveling, CFA and Peggy Creveling, CFA |
If you're lucky―and we certainly hope that you are―nothing will ever go seriously wrong for you and your family while you’re living overseas. But unfortunately, the reality for most of us is that at some point, something adverse will happen. Your spouse may lose their job, or your family business may fail. Someone could fall seriously ill, become disabled, or even die. While none of us wants or expects anything bad to happen, it's important...
Chad Creveling, CFA and Peggy Creveling, CFA |
Once you've gotten your financial affairs in order after moving overseas—by limiting your number of financial accounts, getting a local credit card and opening an online brokerage account, among others—it's a good idea to set up ways to keep track of your finances online. They'll save you time and simplify the management of your finances, giving you more time to enjoy life as an expat. Here are six we recommend: 1. Have all account statements...
Chad Creveling, CFA and Peggy Creveling, CFA |
While Americans are taxed on worldwide income and assets and are actively discouraged from holding investments outside the United States, non-U.S. expats can often realize substantial tax benefits from investing in offshore markets. Non-U.S. expats are typically not taxed by their country of citizenship on income and assets held outside their home country. Additionally, many Asian countries do not tax expats on their investments and income earned beyond their borders. This creates a substantial benefit...
Chad Creveling, CFA and Peggy Creveling, CFA |
This article is for general informational purposes only and is not intended as specific legal or tax advice. Please consult your legal or tax advisor for advice relevant to your situation. At this time of year, many Americans living overseas are collecting the various documents needed to file their 2018 U.S. taxes. This year, in addition to the sometimes obscure U.S. tax forms that U.S. citizens living overseas are required to file, expats need to...
Chad Creveling, CFA and Peggy Creveling, CFA |
This article is for general informational purposes only and is not intended as specific legal or tax advice. Please consult your legal or tax advisor for advice relevant to your situation. If you or someone you know has had a loved one pass away without a valid basic estate planning document such as a properly executed will, beyond the heartache of losing a loved one, you also know how difficult it was to put their...
Chad Creveling, CFA and Peggy Creveling, CFA |
As the new year begins, many expats have a renewed desire to evaluate their financial positions and to make positive changes. Improving our financial circumstances largely requires instilling good habits, being consistent, getting started early, and possessing a basic understanding of finance and investing concepts. To help you enjoy a more prosperous 2019, here are some financial resolutions to consider as you start the year. If you start at the beginning and aim to knock...
Chad Creveling, CFA and Peggy Creveling, CFA |
As you look for a holiday gift for your favorite expat or perhaps just for some interesting reading over the holidays, have a look through our annual list of highly rated books from the past year, especially selected with the expat reader in mind. All can be easily purchased on the internet, and while some are more serious, others are just for fun. For those expats who may live far away, all of these titles...