Elgon Financial Advisors

June updates - Trump accounts, investing when on H-1B and O-1 visas, and much more.

Trump Accounts Basics & Feeding Lilly The highly publicized Trump Accounts (technically 530A accounts) are now available to families with children under 18.  Any child under 18 can have an account opened for them, but only those born in the US between January 2025 and Dec 2028 will receive $1,000 from the government to open an acc...

Stop fearing tax extensions - they’re not an audit magnet.

They allow you to fix issues, correct errors, obtain missing tax documents,
and, if you have overseas filing requirements, file them first.

This may allow you to claim foreign tax credits for taxes paid overseas.

Episode 73

🌍 Filing an extension isn’t waving a white flag — it’s playing chess.

Extending tax filing does not mean extending the tax-paying deadline if you owe taxes.

Latest newsletter - went out just before SpaceX IPO - but still very relevant if you are having FOMO.

SpaceX IPO: Guess What Grok Thinks? Let's talk SpaceX IPO. Tomorrow (June 12th), the largest IPO in human history hits the market at $135 a share. This will result in SpaceX's valuation exceeding $1.5 trillion.  There are only a few public companies valued at over 1 trillion, led by Nvidia (valued at between 3 and 5 trillion).  Re...

Just because you left the US for another country doesn't mean your state is okay with letting you go

They still want and expect you to pay taxes.

But you can get ahead of this.

Driver’s license, voter reg, old apartment… yes, they’re all watching. 👀

The discussion also covers strategies for cutting ties with states that impose income taxes and the significance of domicile in tax planning, particularly concerning estate taxes.

The India‑to‑America Money Reality Check.

You were born in India, and you are now a tax resident of the US.

You could be here on a work visa, a green card, or you are a US citizen.

That DEMAT account, or the Provident fund you left behind, or the jewelry from your parents (and a host of other left-behind accounts), is probably complicating your financial life (whether you know it or not).

Lucky for you, my friend Manasa knows a lot about these accounts.

In this guest episode, she tells you exactly what you need to know, what you need to report, and how to come into compliance if you have missed reporting these accounts.

🔥 The India‑to‑America Money Reality Check

Richard and Manasa Nadig discuss the financial landscape for Indian expatriates in America.

They explore common financial assets, tax compliance issues, and the importance of pre-immigration planning.

Learn all about UK SIPPS.

Episode 70

“Thinking your SIPP works like a U.S. retirement account? The IRS would like a word 🗂️🤨”

We explore the basics of SIPPs, their advantages, and the critical tax implications and reporting requirements for US residents who hold a SIPP.

April newsletter - full of good info

- Interest rates and investing overseas

- Immigration status and how that impacts your finances

- Strategic roadmap if on a certain work visa

- All about the Schengen shuffle.

Interest Rates, Visas & A "Giant Snake" Lots going on -  some highlights. Rates Around The World -  Invest Where? We think we have it bad until you see how others are doing. America’s short-term interest rates of 3.5% to 3.75% might seem a bit high - until you compare them to the 37% rate that Turkish companies and citizens are expect...

Every financial decision you make should be looked at through the lens of your immigration situation.

In this post, I define the immigration status today - have a read and see which one you fall into.

It should inform all your life and financial decisions.

The Intersection Of Immigration & Personal Finances - Visa Status Your planning needs to take into consideration your immigration status – this was one of the themes of my recent presentation at the NAPFA spring conference (National Association of Fee-Only Financial Planners). Not everybody understands it - understandable, which is why you want to ask lots of qu...

📅✍️ Digital nomads: Europe is your playground…
…but only if you track your days like your visa depends on it (because it does).
Learn the art of the Schengen Shuffle without stepping on immigration’s toes.

We explain the 90/180-day rule, popular destinations for shuffling, and the importance of tracking travel days to avoid legal issues.