By Chad Creveling, CFA, and Peggy Creveling, CFA How much will you need to retire overseas, and how should you invest to achieve that goal? For many of us, a retirement portfolio worth the equivalent of USD 1 million might seem to be more than enough—almost like winning the lottery. Unfortunately, USD 1 million doesn’t go as far as it used to. Depending on your overseas lifestyle, this amount may provide only a reasonable, not...
By Peggy Creveling, CFA, and Chad Creveling, CFA Creveling & Creveling protects its clients' privacy. The following case study outlines a fictitious example designed to demonstrate the type of financial decision-making required to achieve financial security. It does not refer to any specific case. The Situation To help invest for their retirement, Bill and Emily are considering using their cash savings to purchase a new condo in the Asian city where they live, and then...
By Chad Creveling, CFA, and Peggy Creveling, CFA If you’re an expat who has been abroad for any length of time, you’re no doubt familiar with the various insurance-linked investment schemes (or unit-linked life assurance plans) peddled relentlessly in the offshore markets. We’ve been analyzing these products for years and have written about their pitfalls. The products have evolved over time, however, and unfortunately expats continue to get caught up in their aggressive marketing. For...
By Peggy Creveling, CFA, and Chad Creveling, CFA This article is for general information purposes only and is not intended as specific tax advice. Please consult your tax advisor for advice relevant to your situation. As 1099 forms from U.S. banks and brokerages start to roll in, many Americans living overseas are collecting the various documents needed to file their 2016 U.S. taxes. Since there's a number of sometimes obscure U.S. tax forms that U.S...
By Chad Creveling, CFA, & Peggy Creveling, CFA If you have lived in Asia for a while, chances are good that either you or someone you know has been offered the chance to purchase a life insurance savings scheme. Sold by independent financial advisors, armies of commissioned insurance agents, bank branches, and other financial institutions, insurance-linked savings and investment schemes seem like the Herbalife of finance. Many local insurance products are heavily marketed by “agents”...
By Peggy Creveling, CFA & Chad Creveling, CFA This article originally appeared in the February 2017 International Investment magazine under the title “Taxes Your American Clients Need to Know About Before Investing Offshore” and has been shared with permission. With the advent of the US Foreign Account Tax Compliance Act (FATCA), most offshore financial intermediaries and expat Americans at last realise, if they didn’t before, that trying to avoid US tax by investing offshore doesn’t...
By Chad Creveling, CFA, & Peggy Creveling, CFA Does it make sense for expatriates to prepay a mortgage loan? With very low mortgage rates in many parts of the world, along with plenty of opportunities for refinancing, this may seem like a strange question. For expats, however, the answer depends on the circumstances. Expats tend to live and own properties all over the world, and not all markets offer the ultra-low rates currently found in...
By Chad Creveling, CFA, & Peggy Creveling, CFA One of the more confusing issues for many expats residing overseas is managing their currency exposure. If you're an American working in Vietnam and plan to retire in Thailand, should you be investing in the U.S. dollar (USD), the Vietnamese dong (VND), or the Thai baht (THB), or does it matter? Compounding the problem, many expats don't know what their actual currency exposure really is. Is it...
By Chad Creveling, CFA, and Peggy Creveling, CFA Many of us expats look forward to a new year with a renewed desire to make positive changes in our lives. From a financial standpoint, improving our 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 new year, here are 12 financial New Year's resolutions. Start at the...
By Chad Creveling, CFA, and Peggy Creveling, CFA Someone once said that nothing in life is free, and that definitely applies to investment advice. You may not realize it, and it may not be transparent, but when expats receive third-party investment advice they pay for it in one way or the other. Unfortunately, a bewildering array of packaging and clever marketing efforts can disguise the issue and make it difficult to tell just how much...
By Peggy Creveling, CFA, and Chad Creveling, CFA This article originally appeared in the American Chamber of Commerce of Thailand (AMCHAM)’s T-AB Magazine 5/2016 and has been shared with permission. For many employed expats in Thailand, Thai Long-Term Equity Funds (LTFs) and Retirement Mutual Funds (RMFs) can provide worthwhile Thai tax benefits. This article discusses the merits of both types of investments, and highlights an important 2016 change to the LTF holding period. For a...
By Peggy Creveling, CFA, and Chad Creveling, CFA As you look for a holiday gift for your favorite expat, or perhaps just for some interesting reading for yourself over the holidays, have a look through our annual list of highly rated books from 2016, especially selected with the expat reader in mind. All can be easily purchased on the internet, and while some are more serious, some are just for fun. For those expats who...