ELGON FINANCIAL BLOG
Taxable Brokerage Accounts + The Special Use Case for Foreign-Born Families
In this post, I discuss why a taxable brokerage account should be a part of your investment/saving strategy. By the end of the post, you’ll know the answer to questions like – what is it, what are some of the benefits of the account, things to watch out for with the account. Finally I discuss the special use case for foreign-born nationals.
H-1B Visa New Job? How to Succeed Financially
When you start a new job on a work visa, like H-1B, there are some key things you should do to ensure financial success. In this post, I’m providing a free resource that addresses the top things to do to ensure a great financial start in your new job.
Roth IRA, The Best Money Decision For Your Teen
While most view a Roth IRA as an account to be opened later in life, the best time to start saving in this account is when teens are beginning to make their first buck.
The Child Tax Credit – Advance Money Payments For 2021
The in-depth specifics of the Child Tax Credit and how the 2021 monthly advance payments could potentially impact your financial situation if you qualify.
New Baby? Money Planning Tips to Avoid Bankruptcy (Part 1)
Babies are a real source of joy, but they also cost a lot of money. The average cost of raising a child today until age 17 is $233,612. Lets talk about how to manage new baby costs (initial) without going bankrupt.
You Are Your Parents Retirement – Now What?
If you wake up one day and realize “You are your parents retirement fund” , don’t panic. In this guest post, I outline some practical steps you can take to manage the issue, while preserving your sanity.
10 Financial Mistakes That Will Derail Your American Dream
It does not matter how or when you got here; this country has a lot of financial opportunities for you. To make the most of this opportunity avoid these 10 Financial Mistakes.
Overseas Assets – Watch Out for this 4 Tax Issues
My first post on retirement daily discusses tax issues to be aware of, if you own any type of non-U.S. financial assets.
A New College Choice Method – Rethinking the Process
College tuition is going up, Student debt continues to increase, this is not sustainable without a major policy shift. One way to combat this, is to rethink our approach and have a major mental shift in how select the colleges our students attend.
7 Lessons on Wealth Accumulation from the Millionaire Next Door
To round out the Financial Literacy Month – here are my top lessons from the “Millionaire Next Door.” Anybody can apply these lessons to their lives.
Teaching Kids About Money – The Cost Sharing Plan
April is financial literacy month – it’s a great time to teach kids how money works. One method is to use the “cost sharing plan”. This is how my parents used the plan with us, and considering that I’m using it with my kids today, I have to admit it worked!
I’m Living Proof of the American Dream
My interview with the Authority Magazine for their series immigrants success stories
The Top 5 Things to Know About FBAR Filing
If you own any cash or securities type of assets in a foreign country, you might need to file an FBAR at tax time. Your top questions on the topic answered.
Here is How to Determine Your Tax Residency Status
According to IRS, as an immigrant you are either a resident or nonresident alien. Here is a way to figure out your exact tax status.
The Immigrant’s Journey
The immigrant’s journey is a marathon not a sprint. What’s your story and how does it affect your desired future state?
Q&A: Can an H-1B Visa Holder Open a 529 Account?
Can an H-1B Visa Holder Open a 529 Savings Account?
What Does a Financial Advisor / Planner do Anyway ?
What exactly does a Financial Advisor / Planner do anyway and how can they help you?
The IRS Taxes U.S. Citizens and Green Card Holders on Worldwide Income – What You Need to Know
The U.S. is one of the very few countries that taxes citizens and green card holders on worldwide income, regardless of where they live. What strategies can immigrants use to minimize some of the tax liability?
Can You Name Overseas Guardians For Your Minor Kids?
The courts have a plan for taking care of your minor kids if you pass away, become incapacitated or get deported from the U.S. How do you ensure that it includes your overseas family?
Coronavirus Stimulus Package
Specific provisions for immigrants in the $900 billion Covid stimulus package
Why Elgon Financial Advisors
My why for starting a financial planning firm designed to serve immigrants including those on work visas.