Global families needing clarity on the complexities of global wealth management. For Americans living abroad or foreigners living in the U.S. we provide resources and planning on how to navigate the ever-changing rules and regulations which complicate saving, investing and planning for retirement. Below are some of the unique aspects a cross-border family has to consider: 1. The unique and unequal nature of tax regimes and their reach 2. Building wealth in two jurisdictions 3. A global approach to investing – 401(k)s, IRAs & other Pension & Savings Plans 4. Foreign retirement plans, pensions and other savings accounts 5. Real estate appreciation, taxation and other considerations 6. Cross-border taxation with its unique complexities 7. Retirement – where to retire
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Shoreview, Minnesota 55126, US
What should you do with your old 401k?
28% of Americans left their job last year - which means almost one-third of workers may have an abandoned 401(k) out there. Cashing it out is the most popular option chosen by workers, but may not be the best. Here's what to consider doing with that old 401(k) plan!
28% of Americans left their job last year - which means almost one-third of workers may have an abandoned 401(k) out there. Cashing it out is the most popular option chosen by workers, but may not be the best. Here's what to consider doing with that old 401(k) plan!
A great “unference” Minnestar!!!
My first time presenting (& attending) #minnebar with Minnestar! Thanks to Kristin Huot for the suggestion of a session “Digital Nomads - How to get your finances in order for working in another country.” It was standing room only (quite a surprise as I had not even heard of Minnebar 36 hours prior to presenting 😂). I met a lot of current and future Digital Nomads. Great discussion and knowledge sharing. If you could be living/working in any country this time next year, where would it be? Alex Vang Kao V. Bryan Schuett, CISM Arpan K. Kale O'Hara Kamran Ayub Dale L. Arpan K. Lisa Donohoo Susie Douang The best session for me? Listening to Pete Edstrom on using ChapGPT to automatically write custom resumes and cover letters for any job posting you see! Such a productivity hack if you are in the job market! #Minnebar Best Buy - thanks for hosting us. Pizza Luce - awesome food as always. #primedigitalacademy #womenInTech #softwareDevelopment #mspTech #fullstackDevlopment #DigitalNomad Aberdour Investments
Owning real estate can be a great financial investment or, if you are buying a home for your family, an investment in your future. Here are 5 tips to consider when purchasing real-estate. https://lnkd.in/g3VAzu48
What's the best way to find a financial advisor? Finding 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 below for 5 tips for finding a financial advisor. https://lnkd.in/gxPRrMsN
Did you know that 67% of workers in the US have access to to workplace retirement plans - but many aren't taking full advantage - 25% are not taking advantage of the full employer match and 17% are not participating at all. Read on to find out how to make the most of your Employer Retirement Options. https://lnkd.in/guYgTGPm
One of the more complicated planning elements of living abroad or having assets in more than one country is double taxation. It is not uncommon for expats to owe taxes to their home country and the country where they are currently living and making money. In cases where more than one country taxes the same income, this is called double taxation. Read our latest post below for more on the mechanisms available to minimize or eliminate double taxation! https://lnkd.in/gY5uGa3x
Aberdour Investments reposted this
How could the feds predicted rate cuts impact your finances? Prediction markets currently say it is more than 90% likely that the Federal Reserve will cut interest rates at least two times in 2024. If rates are cut it may affect how much you earn in your savings account, how much it costs to borrow money for purchasing a house, car or anything else, and it could even impact your investment portfolio. Read our latest blog to learn more about how rates are expected to change in 2024 and how you can prepare your finances. https://lnkd.in/giAyRzfX
Aberdour Investments reposted this
What do you need to consider when making the move to the US? Well it turns out quite a lot! Our latest blog post examines the top financial questions families and individuals should consider when making the move from the UK to the US.
Moving to the US is an exciting and life altering experience. Whether you are moving for work, education of personal reasons you are going to have an abundance of financial questions. These are some of the top financial questions we see at Aberdour Investments from individuals and families moving from the UK to the US. https://lnkd.in/gQizjGut
Backdoor Roth IRAs. Roth IRAs are amazing retirement savings vehicles because contributions grow tax-free and qualified distributions are entirely tax-free. But what if you are unable to contribute directly due to earning above the income limit? Read our blog on how a Backdoor Roth IRA contribution may be feasible for you even if you earn above the income limit. https://lnkd.in/gfhB8gzN