Elgon Financial Advisors

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.

Thinking of leaving the U.S.? Uncle Sam might send you off with a parting gift… called the Exit Tax 😅💸

The decision to expatriate is not one to be taken easily. We discuss who is liable for the exit tax, how it is calculated, and the ongoing tax obligations that may persist even after leaving the country.

Finding Rare Opportunities, Giant Medals, Tax Extensions, and more.

March updates.

mailchimp.com ____ / ___M ]__ C{ ( o o )} { •• \___ ––––´ You probably found this page because one of our subscribers used Mailchimp to send you an email campaign and you traced a link in the email back here to investigate. Mailchimp is a marketing platform that serves millions of companies of all sh...

Can you build wealth if you are a foreign national on an H-1 B or O visa?

Heck yeah - just understand it's a slightly different game from citizens and permanent residents.

But yes, yes, you can - tune in to episode 67 for more on this.

https://lnkd.in/gCSzPdQN

Wealth‑building on a visa is possible — you just need strategy, compliance, and maybe a tiny bit of patience 😇📘

We emphasize the need for careful financial planning and consideration of individual circumstances when navigating wealth-building strategies as a visa holder.

You missed reporting one type of investment income on your taxes last year (we see it from reviewing taxes).

So today, we go a step further and tell you exactly what kinds of investment incomes you need to report on your taxes.

Interest, dividends, capital gains

Do you know how each is generated, reported, and taxed?

We explain it in episode 65.

🧠
“Interest, dividends, capital gains… and the IRS quietly watching from the corner. We break it all down so you don’t break down.”

There are three types of investment income: interest, dividends, and capital gains. Do you know how each is generated, reported, and taxed?
You are in luck – we cover all this and more, emphasizing the importance of understanding these concepts for effective financial planning.