ELGON FINANCIAL BLOG
If On A Work Visa, Should I Invest In 401k And Other Special Accounts?
One of the questions I get all the time is how to invest in the US stock market using special accounts like Roth IRAs, HSAs, 401ks, 529, etc. on an H-1B or other work visa (L-1, O-1, H1B1, TN, and E3)
This is keeping in mind that work visas are by nature temporary non-immigrant visas and technically the holder is expected to depart the US after the work assignment.
The post is a summary of a more in-depth technical, nerdy paper written for advisors on the Nerds Eye View Blog by Michael Kitces.
You Know What My Mother Taught Me About Money?
My mother grew up in a very male-dominated society, where girls had to do extra to make it. She wanted her girls to have a better shot at this thing called life than she did. To accomplish this she embarked on a lot of life lessons, especially on money matters.
In this post, I discuss the three money lessons she taught us, in honor of Mother’s Day.
Unique Financial Planning Strategies For Immigrants & Foreign Nationals
What financial planning strategies do you need if you are foreign-born (immigrant) or a foreign national?”
If you are one of the 45 million foreign-born individuals now calling the US home, you have specific financial planning needs that go beyond what a traditional financial planner offers.
Read on for strategies that will allow you to maximize your US resources and your worldwide assets while staying tax compliant.
Top 4 Roth IRA Mistakes And How To Fix Them
Everybody is keen to have a Roth IRA account, but messing up with the rules can be very costly.
You still have time to make a ROTH contribution for 2022. But please, don’t make the following mistakes as you make the contributions.
If on a work visa, please pay special attention to the last point.
What Is Some Useful Tax Vocabulary To Know?
What is some useful tax vocabulary to know?
Taxes are complicated, which leads to making mistakes, which can and do impact your financial life.
Here are some basic tax concepts to be aware of as you get ready to file your 2022 Taxes
Work Visa? How To Prepare For A Possible Layoff
Good financial planning will ensure you are well-prepared for when bad things happen.
If you are on a work visa, and you get laid off – you have 60 days to find another job or leave the country. In this post, I provide a list of things you can do ahead of time to avoid having to scramble last minute if laid off.
How To Get Back On Your Feet After Being Laid Off On H-1B & Other Work Visas
My biggest job fear when I got into the tech industry on an H-1B visa was that I could be let go at any time.
Sadly this is an issue facing many foreign-born nationals, currently in the US on various work visas. If this happens to you, here are some steps that may help you get back on your feet quickly.
Do I Pay Taxes When I Send Money Overseas?
Foreign-born families and other immigrants tend to send a lot of money overseas. So in this post, I’m answering the question – do I pay taxes when I send money abroad from the US?
