If you’re an American living in Israel, chances are your U.S. investments haven’t kept up with your new life. Why? Because many people are afraid to make changes that might trigger taxes. But letting fear freeze your portfolio could quietly sabotage your financial future. Not making changes can sometimes cost more than paying the IRS. … Read more
When it comes to investing, understanding capital gains is critical. Many are caught off-guard by the taxes due on their U.S. portfolios. However, this can be avoided with the right knowledge and strategy. Both realized and unrealized capital gains can affect your investment decisions and tax obligations. (While I do not give tax advice,… Read more
“Not only have I been a client of theirs forever,” a new client just told me. “I have a multi-million dollar account. Do they really want to lose my business?”
After my first conversation with this retiree who had both an IRA and brokerage account at Wells Fargo, he realized that being forced out of his existing account was a blessing in disguise…. Read more
People often call my office and ask if we can prepare their tax returns. “We handle investment portfolios in America,” I explain. “We don’t do taxes.” I understand why people think that we might file tax returns for clients since, after all, investments and taxes are related.
Thinking about taxes when making investment decisions
It’s true that experienced financial professionals consider the tax consequences of investments they suggest…. Read more
I received the following email today about a U.S. brokerage firm kicking out clients:
Hi Doug!
I’m forwarding the letter I just got from *********** after dealing with their ridiculous bureaucracy for lord knows how long already.
Oy vey.
What should I do?… Read more
