By Chad Creveling, CFA and Peggy Creveling, CFA Once you stop earning a salary, the focus quickly turns to how you will generate an income to fund your retirement. If you're lucky, you have one of those rare corporate or government pensions. Most of us, however, are going to have to rely on social security or national pensions and whatever investment savings we have to fund retirement. For many expats who have not paid into...
By Peggy Creveling, CFA and Chad Creveling, CFA One of the first financial questions foreigners planning to move to Thailand often have is how to transfer money in and out of the country. To help expats who are new to Thailand decide on which method suits their situation, we’ve described a few of the options below: Bank Wire Transfers—Best Way to Move Large Sums: If you plan to transfer a sizable amount of money between...
The Wall Street Journal invited Creveling & Creveling to be part of a panel of experts for personal finance on its WSJ Expat site. The following article originally appeared on the WSJ site and has been shared with permission: As Americans living overseas know, U.S. citizens and green-card holders must pay U.S. tax on their worldwide income, no matter where they live or are considered tax residents. In recent years, the introduction of the Foreign...
By Peggy Creveling, CFA and Chad Creveling, CFA Choosing an offshore financial advisor carefully is as important as choosing a doctor or lawyer. You'll want to find someone who is competent and trustworthy, and who works in your best interest. To help you find the financial advisor who may be right for you (as well as to protect you from those who could do harm), we've put together some characteristics to look for in choosing...
By Chad Creveling, CFA and Peggy Creveling, CFA So far 2016 has ushered in a significant bout of volatility and fear in the markets. No one likes to see their portfolio drop in value, even temporarily, but much of the angst for many investors comes from preconceived notions about investing and returns that often do not match the reality of the markets. Unfortunately, misleading assumptions about investing can cause investors to make poor decisions, abandon...
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...
The Wall Street Journal invited Creveling & Creveling to be part of a panel of experts for personal finance on its WSJ Expat site. The following article originally appeared on the WSJ site and has been shared with permission: Managing your money is hard enough when you're not constantly recalculating exchange rates. Chad and Peggy Creveling of Creveling & Creveling Private Wealth Advisory offer some strategies in this latest "Ask an Expert" edition. Q: I'm...
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 over the holidays, have a look through our annual list of highly rated books from 2015, 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 may live...
By Peggy Creveling, CFA and Chad Creveling, CFA If you're an expat working in Thailand, you may have the opportunity to participate in an employer-sponsored Thai Provident Fund. Thai Provident Funds (TPFs) are voluntary "defined contribution" pension plans intended to help private-sector employees in Thailand save for retirement. The plans encourage retirement savings by allowing Thai tax-deductible employee and employer-matching contributions to be made to individually owned employee accounts. Depending on your tax bracket, your...
The Wall Street Journal invited Creveling & Creveling to be part of a panel of experts for personal finance on its WSJ Expat site. The following article originally appeared on the WSJ site and has been shared with permission. U.S. citizens living overseas have faced increasing difficulty in maintaining U.S. brokerage accounts for their investments. Most recently, a major U.S. broker sent a mass mailing to account holders announcing an upcoming amendment of its account...
By Chad Creveling, CFA and Peggy Creveling, CFA Volatile markets make for challenging times for investors. Wild swings in the market can trigger a roller coaster of emotion as investors understandably fear destruction in portfolio value and a loss of financial security. The news media, with eyeball-seeking urgency, stridency, and sense of catastrophe, serves to heighten the fear and the impetus to take action. It's easy to succumb to fear and sell during and after...
The Wall Street Journal invited Creveling & Creveling to be part of a panel of experts for personal finance on its WSJ Expat site. The following article originally appeared on the WSJ site and has been shared with permission. Q: A reader submitted this question: Hi, I have just filed a voluntary I-407 form at the American Embassy, where I renounced the green card I've had since 1971. Am I still entitled to Social Security...