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...
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 a cross-border financial planner: Transparency and full disclosure...
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...
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...
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. Americans who live overseas and who are married to foreigners can choose which filing status to use when filing their U.S. income taxes. Expats often don’t give much thought to this choice, which involves selecting either married filing jointly (MFJ), head of household (HOH), or married filing separately...
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. We asked Peggy and Chad Creveling of Asia-based Creveling & Creveling Private Wealth Advisory for the ultimate ITIN (U.S. Individual Tax Identification Number) primer for Nonresident Aliens (NRAs) or American expats with NRA spouses: What is...
By Peggy Creveling, CFA, and Chad Creveling, CFA Although it may not be common to have problems with a brokerage account, fraud and bankruptcies can and do happen. These types of issues may occur most frequently in the offshore world where regulators may not have a handle on money being channeled through tax havens, but they can also happen in larger or better-regulated markets. For example, in January, several foreign exchange brokers went bust when...