(Ebook) Cross Border Family Wealth Guide 1st Edition by Tim Kochis, Andrew Fisher‎ 978-1119234272 1119234271

(Ebook) Cross Border Family Wealth Guide 1st Edition by Tim Kochis, Andrew Fisher‎ 978-1119234272 1119234271

Cross Border Family Wealth Guide 1st Edition by Tim Kochis, Andrew Fisher‎ - Ebook PDF Instant Download/Delivery:  978-1119234272, 1119234271 
Full download Cross-Border Family Wealth Guide 1st Edition after payment

Product details: 

ISBN 10: 1119234271

ISBN 13: 978-1119234272  

Author:  Tim Kochis,  Andrew Fisher

Make sense of international personal finance with expat-specific expert advice

The Cross-Border Family Wealth Guide is the long-awaited financial handbook for families, with expert insight from a financial advisor who specializes in expat issues. Whether you're an American living abroad, or foreign-born and living in the U.S., this book demystifies the complex issues surrounding the worldwide tax system, international information reporting, sensible investments, international real estate, and retirement planning. When your wealth crosses international borders, managing even the most mundane financial affairs can become wrought with time-consuming complexity; moving money, opening accounts, dealing with currency risks and translation, and setting up investments suddenly involves a whole new set of rules and regulations. Your 401(k), IRA, or annuity must be handled properly to retain certain tax benefits, and retirement planning takes on a brand new dimension of difficulty. This book shows you how to navigate the maze to make sure your money keeps working for you. Real world examples illustrate solutions to common problems, and real, actionable advice gives you a solid plan for your next steps.

While personal finance management is rarely simple, the recent crackdown on tax havens and increased tax collection vigilance has made things even more difficult for cross border families. This book answers your questions, and shines a light on the way forward to long-term financial security for international families.

Navigate the complexities of international taxation
Get specific guidance on retirement planning
Make sense of how real estate fits into your financial picture
Invest appropriately to maximize growth for the future
Manage your assets and tax benefits across borders
With the right know-how, cross border professionals can make sensible investment and financial planning decisions, but credible guidance is rare and difficult to find. Simple and practical, with targeted advice, The Cross-Border Family Wealth Guide is the international family's solution for avoiding financial confusion.

Cross-Border Family Wealth Guide 1st Table of contents: 

Part I: Financial Challenges of a Cross-Border Life

Chapter 1

Who Are These Cross-Border Families?

The Growing Need for a Definitive Guide

Who's Who: Who This Book Is Meant to Serve

Examples of Who Might Benefit from This Book

Diagramming a Cross-Border Person: Residency and U.S. Income Tax Status

How Many Cross-Border Professionals and Families Are There?

Unique Challenges Faced by Cross-Border Families Connected to the United States

Chapter 2

Unique Challenges and the Regulatory Landscape

The Unequal Nature of Tax Regimes and Reach

The Unique Worldwide Reach of the U.S. Tax System

Complexity in Taxation and Other Regulations

Scarcity of Professional Help and Information

A Changing Legal, Financial, and Regulatory Landscape

The Far Reach of the Foreign Account Tax Compliance Act (FATCA)

Recommending Against Secretive Offshore Wealth Strategies

Part

II: Saving and Investing: Building Your Personal Net Worth

Chapter 3

Building a Strong Foundation

Retirement Destination Unknown: Invest Globally

Spreading II Around

Wealth Creation and Accumulation

Saving from Earmings

Real Estate Ownership

Stock-Based Compensation

Entrepreneurs and Businesses Ownership

Investment Gains and Reinvestment

Inheritance

Diversification: Protecting and Growing Wealth

Considering Your Entire Balance Sheel

The Meaning of "Diversification" versus "Assel Allocation"

Spreading Thing Around

Asset Allocation in Investment Portfolios

A Well-Allocated Portfolio Can Still Lack Diversification

Allocating Your Net Worth: A Balance Sheel Approach

Six Primary Assel Categories

Three Additional Items of Importance

Cash and Cash Equivalents

Personal Residences

Income Property

Publicly Traded Securities: Stocks and Bonds

Bonds and Bond Funds (Fixed Income)

Stocks and Stock Funds (Equities)

Downsides of Owning Stocks

Concentrated Business Ownership

Personal Debt

Collectibles and Other Hard Assels

Other Private Investment Vehicles

Conclusion

Chapter 4

Investing in the Markets: Stocks and Bonds

Three Important Attributes

Easy Diversification

No Active Involvement

Source of Growth and Risk Control

Stocks and Bonds Work Beller Together

Selling a Risk Objective

Managing Emotions While Focusing on the Long Term

Stock Picking-Maybe Nol

Investment Advice to Live By

Avoiding the Herd Mentality

Slaying Calm in Times of Change

Determining Investment Goals and Objectives

Four Common Investor Objectives Delined

Fundamental Investment Guidelines

Low-Cost Passive Investing

Tax Efficiency Is Huge

Global Diversification for All

Risk Control Through Assel Allocation

Regular Rebalancing Adds Value: Don't Invest and Forget

Strategic Versus Tactical Asset Allocation

Strategic Asset Allocation (SAA)

Tactical Asset Allocation (TAA)

Take It Slow

A Jurisdictional Review: Where to Hold Investments?

Large Foreign Banks in Europe or Asia

Have You Earned Your Own Private Banker?

Not World Class Investments

Not World Class Advice

Tax Reporting and FATCA

Large Offshore Private Banks

Smaller Offshore Banks and Insurance Companies

U.S. Brokerage Accounts

Problems with Maintaining Accounts in the United States

Foreign Residents with U.S. Accounts

The Best Choice for Many People

Part III: 401(k)s, IRAs, and Other Pensions and Savings Plans

Chapter 5

A Global Approach to 401(k)s and IRAs

Investing Your Serious Money

401(k) Plan Basics

Key Benefits of 401(k) Plans

Global Investing for a Global Retirement

The Location of Underlying Assels Is What Matters

401(k) Plans Lack a Global Perspective

Inherent Currency Risks

Targel Date Funds: A Lot to Like and Dislike

IRA Rollovers

IRAs Offer Distinct Advantages

Owning Real Estate Within an IRA

Leave It Alone and Lel II Grow

Chapter 6

Unique Cross-Border 401(k) Issues

A Lack of International Tax Agreement

Do the Benefits of a 401(k) Follow You?

International Tax Law Is Unclear

The 401(k) Gels Respect

Benefits May Travel with You, but Your Account Stays Pul Taking It with You

Must I File a U.S. Tax Return Because of a 401(k)?

How Are Distributions Taxed?

What If You Are Living Abroad When You Draw Oul Money?

Tax Withholdings on Distributions to Nonresidents

Many U.S.Institutions Will Overwithhold Tax on Distributions

How Are Foreign Residents Recovering U.S. Withholding Tas?

Unreported Income Isn't Right

Contributions to IRA Accounts While Living Abroad-Be Careful

Chapter 7

Foreign Retirement Plans, Pensions, and Other Savings Accounts

Foreign Retirement Plans

U.S. Tax Trealment of Foreign Retirement Plans Is Often Unclear

What Is Really Happening Now?

Contributions by U.S. Cilizers and Residents to Foreign Plans

For U.S. Taxpayers Foreign Contributions Typically Do Lower Taxes

It Is Likely Not Being Reported to the IRS at All

Best Planning of All-Save Now and Save Later

Contem

Existing Foreign Retirement Accounts: The Real World

Better Intemational Reporting and Coordination Is Needed

Investing Inside a Foreign Retirement Account

High Fees and Poor Investments: A Headwind Against Growth

Roth IRAs and Roth 401(k)s

How to Get Money In

Foreign Implications of Roth IRAs and Roth 401(k)s

Roth Accounts Don't Speak Foreign Languages

Traditional Pension Income

Pensions Paid Across Borders

U.S. Taxpayers Abroad with U.S. Pension Income

Not Reporting to Foreign Authorities Is Risky

U.S. Taxpayers Abroad with Foreign Pension Income

Nonresidents Living Abroad with U.S. Pension Income

Don't Claim to Be a U.S. Tax Resident When You Are Not

Proper Tax Treatment

Educational Savings: 529 Plans

To Maximize Benefit, Start Very Young

Foreign Residents Beware

Finding Good Advice Is a Challenge

Part IV: Real Estate

Chapter 8

Renting, Owning, and Investing

Crazy for Real Estate

Real Estate Appreciation Likely to Slow in Future

Primary Residences and Vacation Homes

Advantages to Owning Your Home

Owning a Vacation Home

The Process of Buying a Home in the United States

Selling Expenses and Property Taxes

Buy or Rent upon Arrival?

When You Should Probably Own

Real Estate as an Investment

Before Even Considering an Investment

Benefits (and Some Negatives) to Investing in Real Estate

Property Types: Single-Family Homes Versus Commercial

Types of Commercial Real Estate Assets

Owning Property Directly or with Other Investors

Real Estate Partnerships

To Rent Oul or Sell a Former Home

Why Turn Your Old Home into a Rental Property?

Do You Like Fixing Toilets?

You Have Three Years to Decide

Cross-Border Situations Where a Home Is Left Behind

Americans on the Move

Foreign Nationals with U.S. Residency

Foreigners Might Sell Before Becoming a U.S. Tax Resident

Selling Before Entering the United States, When Gains Are Very Large

Sale and Lease Back

Chapter 9

Real Estate Taxation and Other Considerations

Basic Tax Treatment of Real Estate

Taxation of Primary Residences

Tax Free Gain on Sale of a Primary Residence

The Treatment of Vacation Homes

Taxation of Rentals and Other Investment Property

Reducing Income Tax A Shelter from the Tax Man

Selling Investment Property Calculating Taxable Gains

Tax Basis and Accumulated Depreciation Shifting Income Down

Foreign Properties Often Not Reported to the IRS

Go Ahead, I Won't Hurt Too Much

It's Not Really "Forever"-But It Might Be

Global Transparency Is Coming

Foreign Property Gifted by Family Members

Owning Property Inside of an IRA

Rules to Be Carefully Followed

Be Careful to Read the Fine Print

Other Cross-Border Considerations

Tax-Free Exchange of Investment Property-Doesn't Travel Well

Sorry. This Only Works for U.S. Properties

Avoid Owning Foreign Real Estate Through a Foreign Corporation

Unique Currency Risk When Owning Property Abroad

Strange Gains and Losses on the Retirement of Debt on Personal Residence

Nonresident Aliens: Investing in the United States and the EB-5 Program

Nonresident Aliens Investing in U.S. Real Estate

Becoming a U.S. Resident EB-5 Visas

Estate Taxes on U.S. Property Owned by Nonresidents

Risk of Estate Taxes with Foreign Property

Part V: Cross-Border Taxation

Chapter 10

Understanding the Three Types of Cross-Border Families

The Unique Complexities of Cross-Border Taxation

Tax Profiles: Three Types of Cross-Border Families

Type 1: Foreign Nationals in the United States

Leaming the US. Tax System

Type 2: American Citizens and Permanent Residents Living Abroad

Foreign Citizens Leaving the United States for Short-Term Assignments

Expatriate Assignments and Tax Equalized Employment Packages

"Localized" Employment Contracts in Another Country

Reducing U.S. Tax for Taxpayers Living Abroad

Foreign Eamed Income Exclusion

Foreign Housing Exclusion

Foreign Tax Credits

Revoking the Foreign Earned Income Exclusion

Likely US. Tax Liabilities for U.S. Taxpayers Abroad

Type 3. Foreign Nationals with Assels in the United States

Taxation by the IRS-On Passive U.S. Investments

Interest Income, Dividends, and Capital Gains

Rental Real Estate Property In the United States

Overwithholding Tax on Bond Interest Inside a Fund

Estate Tax Exemptions for Nonresidents

Becoming a U.S. Resident for Tax Purposes

Two Tests to Determine U.S. Residency

Lawful Permanent Resident Test (the Green Card Test)

Substantial Presence Test

Situations When Taxed Only on U.S.-Sourced Income

Tax Trealy Basics

Chapter 11

U.S. Tax Overview: Federal and State

Taxing Worldwide Income: The IRS Is Different

Filing Deadlines

Income Tax Overview

Gross Income

Deductions from Gross Income

Itemized or Standard Deductions from AGI

Personal Exemptions

Final Taxable Income

Understanding Marginal Tax Rates

Lower Tax Rates on Capital Gains and Dividends

Real Estate Rental Income

Stock-Based Compensation: Options

Stock-Based Compensation: Slock Grants and RSUS

Exchange Rate Issues When Taxing Foreign Income

Stale Income Taxes

State Tax Returns Often Based on Federal Relums

Different Treatments of Long-Term Capital Gairs and Qualified Dividends

Stale Tax Residency: Requirements and Termination

When States Come Looking for You

U.S. Tax Residents Living Abroad with State Tax Liabilities

Avoiding Unnecessarily Becoming a State Resident in the First Place

Chapter 12

Additional Tax-Planning Considerations

Investing Outside of the United States-Avoiding PFIC Rules

Passive Foreign Investment Corporations (PFICS) Explained

Complex Reporting and Punilive Tax Trealment

Advice on Foreign Accounts and PFIC

Three PFC Scenarios to Consider

Foreign Assel Reporting and Tax Evasion

Foreign Bank Account Reporting (FBAR) Requirements

FBAR Penalties

Other Foreign Asset Reporting: Form 8938

Additional Foreign Asset Reporting

Voluntary Offshore Disclosure Programs (OVPD)

Other Forms of Taxation in the United States

Social Security Taxes

Social Security Tax Calculation

Totalization Agreements

Special Taxes on High-Eamers

Additional Medicare Taxes on Ordinary Income

Net Investment Income Tax (NIIT)

Gill and Estate Taxes

Gift Taxes

Estate Taxes

Estate Taxes for Nonresidents

Expatriation Tax (Exil Tax)

Prearrival Planning

Accelerate Gift Planning

Accelerate Income When Possible

Distribute Deferred Income When Possible

Consider Realizing Gains Before Moving Here

Review Existing Asset Structures Before Arriving

Review Immigration and Visa Alternatives

Part VI: Retirement Planning

Chapter 13

Planning for a Global Retirement

Where to Relire? A Common Dilemma

Being Near Family Is Most Important

Plan to Relire Anywhere, to Maximize Flexibility

Worldwide Planning Is Also Inherently More Complex

Investing for Retirement

Having Enough Money to Relire

How Much Money Will You Need?

First Question: What Will You Need to Live On?

Second Question: What Are Your Sources of Ongoing Retirement Income?

Third Question: Will Your Retirement Savings Make Up the Difference?

Safe Withdrawal Rates: The 4 Percent Rule

What Is a Successful Retirement?

The Important Role of Financial Planning

Longevity Risk Is Alive and Well

Inheritance: Plan for IL, But Don't Count on It

Organizing and Optimizing Worldwide Income and Assels

Assessing Sources of Income in Retirement

Organizing Your Assels

Cash and Cash Equivalents

Qualified Accounts: 401(k)s, IRAs, and Other U.S. and Foreign

Retirement Accounts

Nonqualified Investment Accounts Generally Holding Stocks and Bonds

Concentrated Stock and Stock Options

Real Estate

Alternative Investments

Currency Exposure: A Real Retirement Risk

Chapter 14

Considerations for Cross-Border Retirees

Tax Planning for Retirement

Taxes on Pension and Social Security Income

Taxes on Investment Income and Gains

Taxes on Distributions from Qualified Accounts

Taking Retirement Accounts with You

Cash Management and Account Administration

FATCA Falloul: Harder to Deal with Big International Banks

Accessing Your Money

Foreign Exchange Costs-Minimize Translations

Efficient Cross-Border Money Transfers

Social Security and Foreign Government Pensions

Social Security Benefits Eamed Are Usually Yours for Life

Possible "Windlall Elimination" Reduction to Benefits

Long-Term Viability and Ongoing Changes

Filing for Benefits Early, on Time, or Late?

Foreign Government Pensions

Drawing on Tax-Deferred Accounts

The Ordering of Withdrawals

People also search for Cross-Border Family Wealth Guide 1st:

cross border wealth management
    
cross border wealth llc
    
the cross-border family wealth guide
    
cross border wealth meaning
    
cross border family wealth guide

Tags: Tim Kochis, Andrew Fisher, Cross Border, Wealth Guide