FINANCIAL PLANNING FOR US CONNECTED PERSONS
Expats face unique financial challenges living outside their home country.
U.S. connected persons face even tougher challenges with regard to their investments – many financial institutions simply won’t allow U.S. connected persons to hold investment products and increasing numbers of U.S. financial institutions are closing brokerage accounts for U.S. connected persons with overseas addresses.
In addition it is not possible for those living outside the United States to invest in U.S. mutual funds.
The U.S. Foreign Account Tax Compliance Act (FATCA) has paved the path for subsequent and more global regimes, notably the Common Reporting Standard (CRS).
Providing an investment solution to expats including an American or U.S. connected person was difficult in the past, however at Valiant Wealth we are uniquely positioned to help.
TAKE CONTROL OF YOUR 401k
If you have a 401k retirement plan in the US then you might think that your options are limited now as an expat. We can help you with options to rollover your 401k into an Individual Retirement Account (IRA).
There are many reasons why this could be right for you:
- WIDER SELECTION OF INVESTMENT CHOICE
- LOWER COSTS
- FLEXIBILITY FOR WITHDRAWALS
- MORE CONTROL
- WEALTH TRANSFER ADVANTAGES ON DEATH
- FEWER RESTRICTIONS
There are merits to both the 401k and IRA models. Our process will help you determine if the IRA platform is the right option.