US Connected persons | Beacon Global Wealth Management

Are you an American or U.S. Connected individual living in Europe?

Americans overseas and individuals with U.S. connections have tax implications and obligations no matter where they reside

Are you an American or U.S. Connected individual living in Europe?

Americans overseas and individuals with U.S. connections have tax implications and obligations no matter where they reside

Stop worrying about money

Reach your retirement goals

Feel confident about your future

Stop worrying about money

Reach your retirement goals

Feel confident about your future

PFIC

PFICs are simply “pooled investments” registered outside of the United States. Pooled investments include foreign mutual funds, exchange-traded funds (ETFs), money-market funds, hedge funds, and investments within non-U.S. insurance products. Almost any foreign investment product other than direct ownership of stocks and bonds is likely classified as a PFIC by the IRS. PFICs are taxed at the highest rates. That’s why it is essential to know if you hold a PFIC in your investments and to learn how you can better position your investments for tax efficiency. Tax efficiency as a U.S. person is vital to ensure your retirement and life planning goals are attainable.

FATCA

The Foreign Account Tax Compliance Act (FATCA) is a law that requires U.S. citizens living at home or abroad to file annual reports on any foreign account holdings they have. The IRS defines the assets as:

Foreign pensions.
Foreign stockholdings.
Foreign partnership interests.
Foreign financial accounts.
Foreign mutual funds.
Foreign issued life insurance
Foreign hedge funds
Foreign real estate held through a foreign entity

Retirement Planning

American Expats and U.S. connected individuals living overseas are underserved when it comes to their retirement assets due to foreign banks closing their accounts or their unwillingness to
work with Americans because of the complexities of U.S. reporting obligations.

This can result in difficulty managing 401ks, IRAs, and other retirement plans. If you’re a US citizen who worked in the United States prior to working abroad, or if you’re one of the millions of foreign nationals who spent time working in the United States, it’s more than likely that you have a company-sponsored 401k, IRA, or other kind of retirement savings plan.

Fortunately for you, there are compliant and tax-efficient solutions available for U.S. retirement assets you may be holding, so that you can ensure that retirement age is not the end of your financial growth.

Estate Planning

Inheritance tax and other levies that are paid from your estate will normally be determined by where you lived. Everyone has an eye on retirement. But living abroad has its own set of challenges, especially when it comes to Estate Planning. Inheritance tax and beneficiary rules differ from country to country and unfortunately, some expats have found themselves financially disadvantaged following the death of a loved one. Estate planning covers wills, inheritances, and tax issues. While many expats engaged in estate planning before relocating overseas, the old plans may no longer be viable given the realities of living abroad. There are strategies expats can use to decrease their estate tax liability

International Wealth Services

Services for Americans abroad and cross-border families outside the U.S.:

Financial Planning
Retirement Planning
Estate Planning
Tax Planning
Investment Planning

We specialize in helping Americans and U.S.-connected individuals living in France, Spain, Portugal and Ireland.

Planning Your Finances Doesn't Need to be Stressful

Most expats want to know their financial future is secure. For the past 20 years we’ve been using our Expat Wealth Plan™ to make your money work for you, so you can enjoy your future whatever it holds.

Beacon Global Wealth Management

Experience matters – Beacon Global Wealth Management has a dedicated international team of experts whose job it is to ensure that your financial plan’s tailored to your goals and situation, no matter where you are in the world.

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