Building Financial Resilience: Invest in Yourself
August 24, 2022
To protect your financial future – you need to constantly change and adapt. One way to do this is to invest in yourself.
ELGON FINANCIAL BLOG
Embracing Financial Detours: Finding Hidden Opportunities
August 10, 2022
Financial detours can be painful, especially when we are forced to make them because of something out of our control. But they can be a chance to evaluate new opportunities. To consider paths not taken, even a chance to enjoy the new path.
Understanding IRS Foreign Account Reporting Methods
July 31, 2022
Today I’m going to show you how the IRS gets information about your foreign accounts.
They know how much you have in there, and they know when you reach certain thresholds They know when you should be reporting this and when you shouldn’t.
Overcoming Anchoring Bias: Key to Smart Investing
June 22, 2022
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
College Savings Strategies for H-1B Visa Holders
May 15, 2022
The current school of thought is that 529 savings accounts are the best way to save for college. But if you are on an H-1B visa, and your kids are foreign-born without social security numbers yet, this might not be the best option for you.
Read the post for more savings options if you find yourself in this situation.
6 Steps to Opening a Roth IRA for Your Teenager
April 19, 2022
6 simple steps to open a teen ROTH IRA account, and get them started on the path to becoming millionaires.
First-Year Tax Filing for New Immigrants
February 16, 2022
Filing taxes the first year in the US as an immigrant or as a non-US citizen is not for the faint of heart. You need to figure out your filing status, in addition to understanding different concepts in the tax code. This post discusses what you need to keep in mind as you go through the process.
Money Lessons Solidified After Running 13.1 Miles
January 25, 2022
Completing 3M Half Marathon race this weekend, was another reminder that financial planning is not a sprint, but a marathon. Money lessons solidified.
