Part of being able to successfully implement the FIRE strategy on a work visa is saving or minimizing on taxes.
Having to pay tax penalties because of tax-compliance issues goes against that. In this post, I discuss ways to be tax-compliant with overseas assets and avoid having to pay tax penalties.
What happens at the start of a marathon has a lot of investing mistakes lessons for us. How you deal with it can make or break your race, which is similar to your investing journey.
Once you start investing, sooner or later, you are going to come accross the term tax-loss harvesting strategy.
In today’s post, I explain what it is, how it works, when it makes sence to practice it, as well how to think about it in a cross-border context.
How does the strategy of Early Retirement planning (FIRE) look different for tech workers in the US. on work visas, specifically for those from India, China, Canada, the UK, Russia, Brazil, and other countries looking to retire in the next 10 years around the age of 40.
This post has the specific details.
Everybody seems to be aware of Roth IRA accounts, but not always sure about some of the minute details. In this post, I answer some of the questions I get from clients and prospects on the Roth IRA
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.
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.
Almost everybody is looking to invest in I bonds. But can a holder of an H-1B, L-1, O-1 or other work visas invest in them?
What are they?
How do they work?
How do you buy them?
What are the tax consequences of owning them?
One of the worst investment decisions I recall making was buying a stock at close to $100 per share and literally watching it go down to a single-digit number. Does anybody recall Qualcomm in 1999 -2021?.
It was my introduction to anchoring bias – read the post to learn how you can avoid this investing trap
6 simple steps to open a teen ROTH IRA account, and get them started on the path to becoming millionaires.
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