Do you still have tax responsibilities back home?
You may feel like a freewheeling internationally mobile expat but the tax authorities back home are likely to take a rather less romantic view of your status. Even if you are living, working and resident overseas, or based in a tax-free jurisdiction such as Dubai, you may still face regular tax demands from your home country.
Bitcoin Falls Further Than The Dotcom Crash
Twelve months ago, I began a ten-country tour, speaking about the merits of low-cost index funds. At the end of every session, I welcomed questions. The most common question, however, had nothing to do with index funds. So many people asked, “What do you think about Bitcoin?” Many wanted to buy it, believing they could make a fortune.
Which Currency Should You Pick For Your Diversified Portfolio Of Index Funds?
Imagine this for a moment. You’re a young, single person walking along a path and you stumble upon an ancient lamp with instructions on the side. “Rub me,” it says, “and your dreams will come true.” Curious, you rub that lamp and a genie appears. She offers one thing.
Own a property back home? This is what you need to know
Owning a second home overseas is a pleasure and a privilege, but it may not feel that way if you are fretting over how to manage one of them when you’re thousands of miles away.
The Millionaire Next Door Provides A Road Map For Us All
I was speaking to roughly 500 high school students in Singapore last week. The students represented about 50 different nationalities. Many were American. At one point, I asked them to call out brand names that they thought most millionaires are attracted to. They hollered out names like Rolex, Gucci, Porsche, Ferrari, Prada, and Louis Vuitton.
The Stock Market Secret That Retirees Need to Know
One of my good friends sold her house last year in California. The 69-year old plans to fund her retirement with the proceeds. After paying off her mortgage, she had about $500,000.
Six steps to a happy retirement
Saving for retirement can seem daunting but it will be a lot easier if you break things down into different stages rather than trying to do everything at once. The following six-point plan could help you put your retirement plans on track and build a successful future, one step at a time. The alternative, actually, there isn't an alternative. Nobody is going to do this for you.
Look out, there are sharks about! Rogue traders, internet fraudsters, ‘put-your-hands-up-and-gimme-de-money’ heisters... They’re out there somewhere and they’d all like to get their hands on your hard-earned cash.
Banking Offshore (Part 2)
Offshore banks - fees and charges
Expats will find that by and large there are no standing charges for using an offshore bank account. (Local bank accounts tend to have a tariff for everything after the welcome handshake!) You will, however, incur costs for what’s termed ‘additional services’, for example bank drafts, stopped cheques or foreign currency payments.