Photo by Mārtiņš Zemlickis on Unsplash
Every immigrant is on a life journey. The journey is a marathon, not a sprint.
Everybody has their own story of how they got here, and how they’ve navigated the journey to this point. Every individual has a distinct definition of their final desired state.
Every immigrant has their own unique narrative. Their narrative is defined by their upbringing, their journey of getting to the U.S. and the dreams that keep them going, day in, day out.
According to pewreaserch.org data, there were about 45 million immigrants in the U.S. in 2018 which is about 14% of the country’s population. This translates to 45 million, unique stories, stories best told by the owners.
What is your story?
What is your desired final state?
What is driving you to achieve that state?
Answering these questions goes a long way in helping you set financial goals and make a plan to achieve those goals.
We would love to hear and share your unique narrative. Ready to Get Started?
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Disclaimer: This article is provided for general information and illustration purposes only. Nothing contained in the material constitutes tax advice, a recommendation for the purchase or sale of any security, investment advisory services, or legal advice. I encourage you to consult a financial planner, accountant, and/or legal counsel for advice specific to your situation. Reproduction of this material is prohibited without written permission from Jane Mepham and all rights are reserved. Read the full disclaimer here.
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.