Is The Right Company Managing Your Money?
Customized financial advice

A tax lawyer recently called me to ask if I could help one of his clients who is inheriting “all sorts of stuff from America.” That “stuff” turned out to be brokerage accounts at two different firms and a retirement account (IRA). “To make matters worse, Doug,” the lawyer told me,… Read more

A Guide to the Tax Implications of a Legal Settlement
Legal Settlements

This is a two-part article addressing questions that arise when people receive lump sums. For the entire article, click here
I recently helped a number of people who are in the midst of receiving a cash settlement from a lawsuit, and had to point out that winning a lawsuit is not “free money.” In addition to having survived personal injury and a long-drawn out legal case,… Read more

Do U.S. Citizens in Israel Pay Tax to the IRS on a Legal Settlement?
legal settlement

This is a two-part article addressing questions that arise when people receive lump sums. For the entire article, click here.
If you’re a U.S. citizen who recently received proceeds from a legal settlement, be aware of any possible tax requirements, as these can directly affect your retirement and estate planning…. Read more

How to Avoid Tax Mistakes When You Receive an Inheritance
avoid making tax mistakes

When receiving an inheritance, it’s important to avoid making tax mistakes. Certain tactics, such as opening a U.S. brokerage account (see below for an interactive tool) can help. Watch out for these mistakes:
Mistake #1 – Taking money out of an IRA
To maintain the tax-deferred status of an inherited IRA (Individual Retirement Account),… Read more

Don’t Leave Tax-Loss Harvesting to the End of the Year
Tax-loss harvesting

Ever think about lowering your taxes with the strategy of tax-loss harvesting? 
Tax-loss harvesting is the practice of selling an investment at a loss and matching the loss against a gain of different security that you sold. By offsetting losses against gains, capital gain taxes are only paid on the net profits…. Read more

What To Do If You Can’t Buy U.S. or Israeli Mutual Funds
buy mutual funds

Since Americans living abroad are frequently denied the opportunity to buy mutual funds, how can investors diversify their portfolios without being responsible for the day-to-day management of dozens of individual stocks and bonds?
One possible answer is a separately managed account, or SMA. An SMA is a customized portfolio offered by a brokerage firm and managed by an independent investment management firm or money manager…. Read more

What Tax Might Take 40% of Your Assets One Day?
Estate Planning

Careful planning addresses two major points: what happens to your money while you’re alive, and what happens to your money after you pass away.
In my work as a financial advisor helping Americans who live in Israel with their U.S. investments, I see many who neglect the second aspect, estate planning…. Read more

Do Americans Need to Report Rental Income From Foreign Property?

Do Americans need to report rental income from foreign properties to the IRS?
The answer is yes. American citizens must include all earned income regardless of its source on their American tax reports. Additionally, if foreign rental income is paid into a non-U.S. bank account, depending on the bank account’s balance,… Read more

Three Money Messes to Avoid
low interest rates

A retired client of mine sent me an email that started: “What a crazy world it’s become! Corona, riots, elections! Who knows what’s next?” I wrote back, “No one knows, but there’s a lot more going on in the world than just that.” I then explained the following three potential money messes and concluded,… Read more