Got PFIC’s in your overseas portfolio? This one is for you. In this post, I’ll discuss the passive foreign investment company (PFIC). I’ll address the origin (briefly), the taxation, and how you can tell if there is a PFIC lurking in your overseas accounts or not. I’ll conclude with how to think about them if […]
I recently attended the Basis Northwest Conference in Seattle, which centered around tax-aware investments and how the landscape is changing. About 30 years ago, ETFs were the hot new thing. But as wealth continues growing and incomes rise, they’re not enough to meet the demands of high-net-worth investors. More often, clients are coming to me […]
IPOs and the excitement surrounding them tend to bring out investors’ emotional biases. Fear of missing out on big potential gains, excitement over the “hot stock” everyone’s talking about, or the optimistic belief that a company’s recent growth means more is coming—these can all influence an investor’s decision-making process. When a well-known company finally goes […]
So I get some version of this question in almost every meeting with parents. “How do we even start financial planning for a child’s college?” And honestly, it usually comes with a little bit of tension in the voice, because college costs feel like this enormous, moving target. Keep in mind, though, that this is […]
It’s sometimes hard to keep track of all the different ways criminals scam people out of money. Financial fraud is only getting worse every year. There is one type of scam that is getting more popular and is resulting in financial losses for millions of people. It’s called pig butchering. Don’t let the goofy name fool you. […]
The “Rule of 55” is a useful tool for early retirement. However, retiring early is a relatively new concept, so the mechanics of withdrawing funds from retirement accounts can be a little complex. If you know the rules and exceptions, you can easily patch together a penalty-free withdrawal strategy to fund your retirement. We want […]
Looking for a financial advisor who specializes in working with Delta Air Lines employees? You’re in the right place. Below, you’ll find advisors who understand Delta Air Lines benefits and compensation — along with their answers to common financial questions from Delta Air Lines employees and executives. Whether you recently joined Delta Air Lines or […]
Most people think estate planning is about money, but it isn’t. What it’s really about is clarity around how the people you love are cared for and that your wishes are understood when you’re no longer here to explain them yourself. For couples coming together mid-story, that clarity matters even more. A stepfamily carries layered […]
Looking for a financial advisor who specializes in working with Lockheed Martin employees? You’re in the right place. Below, you’ll find advisors who understand Lockheed Martin benefits and compensation — along with their answers to common financial questions from Lockheed Martin employees and executives. Whether you’re a new Lockheed Martin employee or you’ve advanced into […]