Investing for Americans Abroad & U.S. Expats | Gimme Some Truth for Expats

Year-end means many things: holidays, new year’s resolutions, and plenty of holiday-themed foods, which necessitate certain new year’s resolutions. But year-end in the financial world also means tax loss harvesting. In this episode, Stan Farmer, CFP, J.D., and Syl Michelin, CFA, explore the world of tax loss harvesting for U.S. expats and Americans abroad. In a sentence, tax loss harvesting simply means selling certain investments at a loss to reduce your tax bill or offset capital gains. Capital gains – either short-term or long-term – come when investments are sold and have appreciated beyond the price at which they were initially purchased. For example, you purchased Apple stock at $40.56 a share in 2018 and sold in 2022 when Apple was at $140.09. As is the case with many expat financial topics, tax loss harvesting becomes more complicated when you’re living outside the U.S. But it is still an important topic to explore. Questions on tax loss harvesting as an expat? Or other topics you’d like us to cover in future episodes? Send us an email at [email protected] or book an appointment with one of our advisors. LINKS Walkner Condon's U.S. Expat YouTube Channel Educational Materials for Expats Contact Us Meet with a U.S. Expat Financial Advisor --- Send in a voice message: https://anchor.fm/walkner-condon-expats/message

We finish our ‘Introduction to Expatration’ series by taking into account what we've covered so far and asking the question, "Should you really expatriate?"  Our Expatriation 101 miniseries started by defining covered vs. uncovered expat status, while our second episode detailed the consequences of falling under the covered expat status. Now that we have a more complete picture of what it means to expatriate, Stan, Syl, and Keith dive into when it might make sense to do so. Questions about this episode or topics you’d like us to cover in future episodes of our ‘Intro to Expatriation’ series? Let us know by sending an email to [email protected]. LINKS Watch on YouTube: https://youtu.be/4pk6uwyZfl4 Intro to Expatriation: Ep. 1 Intro to Expatriation: Ep. 2 Walkner Condon's U.S. Expat YouTube Channel Educational Materials for Expats Contact Us Meet with a U.S. Expat Financial Advisor --- Send in a voice message: https://anchor.fm/walkner-condon-expats/message

We take a break from our regularly scheduled expat investing programming to dive into a rapidly approaching international event that may be of interest to our audience of Americans abroad – the 2022 World Cup. While financial advisors Stan Farmer, CFP®, J.D., and Keith Poniewaz, Ph.D., have quite the knowledge of soccer, with a particular focus on the U.S. Men's National Team, we wanted to bring in an outside guest with an even greater breadth of expertise on the subject. Enter Jake Landau of the It's Called Soccer YouTube channel. Coincidentally enough, Jake is an American who recently returned to the United States after living abroad. So between his international living experience and love of soccer, he fits right in with our team. In this episode, Stan and Keith get the lowdown from Jake on the USMNT ahead of the 2022 Qatar World Cup, break down Group B (the group the U.S. is in), make predictions, and more. To check out Jake's channel or to find our resources dedicated to investing and financial planning for U.S. expats, check out the link section below. Feedback on this episode or topics you’d like us to cover in future episodes of Gimme Some Truth for Expats? Let us know by sending an email to [email protected]. LINKS It's Called Soccer - YouTube Channel Watch on YouTube Walkner Condon's U.S. Expat YouTube Channel Educational Materials for Expats Contact Us Meet with a U.S. Expat Financial Advisor --- Send in a voice message: https://anchor.fm/walkner-condon-expats/message

Saving for their children's college experience is often a financial goal that many of our clients living in the U.S. want to accomplish. But that goal becomes more convoluted when you're an American living outside the U.S. trying to send your child to university, whether they'll eventually be attending a school internationally or one in the U.S. In this episode, our team of U.S. expat financial advisors – Stan Farmer, CFP®, J.D.; Syl Michelin, CFA; and Keith Poniewaz, Ph.D. – break out the lesson plan and teach you the basics about college savings and how to navigate it as a subject. Unfortunately, the investment vehicles available to Americans living in the U.S. become considerably more complex when you move away. But there are still ways to work around those complications, which we delve into, as well.  Questions about this episode or topics you’d like us to cover in future episodes of our ‘Intro to Expatriation’ series? Let us know by sending an email to [email protected]. LINKS Watch on YouTube Walkner Condon's U.S. Expat YouTube Channel Educational Materials for Expats Contact Us Meet with a U.S. Expat Financial Advisor --- Send in a voice message: https://anchor.fm/walkner-condon-expats/message

We continue our ‘Introduction to Expatration’ series with a deeper dive into the implications and consequences of covered expat status. While our first episode of this miniseries focused on the definitions and differences of covered vs. uncovered expat status, this edition hones in on what it means financially if you find yourself in the group of covered expats. As with most things involving expatriation, it’s complex to be in the covered category. And as Stan Farmer, CFP, J.D., and Keith Poniewaz, Ph.D. explain, there are many financial (and tax components) to consider. They go more in-depth on what those considerations are, how different types of assets are treated when it comes to expatriation, and more. Questions about this episode or topics you’d like us to cover in future episodes of our ‘Intro to Expatriation’ series? Let us know by sending an email to [email protected]. LINKS Watch on YouTube Walkner Condon's U.S. Expat YouTube Channel Educational Materials for Expats Contact Us Meet with a U.S. Expat Financial Advisor --- Send in a voice message: https://anchor.fm/walkner-condon-expats/message

Are you a nonresident alien or non-U.S. citizen looking to invest in the U.S.? Whether you’re part of a cross-border family or simply a non-U.S. citizen trying to invest in the U.S., there are quite a few myths and misconceptions about investing in the U.S. as a non-American. We haven’t touched on this subject before, but we’ve still had a recent deluge of inquiries about investing in the U.S. as a foreigner. So we thought it was time to cover this subject more in-depth in what’s likely to be a multi-part series on the podcast. In this episode, Keith, Stan & Syl cover the background on the topic and dive into the complications of investing in the U.S. as a non-American from both an inheritance perspective and income tax perspective. They also define U.S. situs assets and non-U.S. situs assets, and how the situs status can impact your portfolio. Questions about investing in the U.S. as a non-U.S. citizen or nonresident alien? Send them to us, and we might feature them on a future episode of the podcast. You can also reach out to our team and speak directly with an advisor through the links section below. LINKS Watch on YouTube Walkner Condon's U.S. Expat YouTube Channel Educational Materials for Expats Contact Us Meet with a U.S. Expat Financial Advisor --- Send in a voice message: https://anchor.fm/walkner-condon-expats/message

As obvious as it sounds, one of the keys to U.S. expat status is the process itself of expatriation. Living as an American abroad is one thing, carrying its own set of financial and investing hurdles and complications. But truly renouncing your U.S. citizenship brings about its own set of obstacles.  In this episode of Gimme Some Truth for Expats, our team of U.S. expat financial advisors – Stan Farmer, CFP®, J.D.; Syl Michelin, CFA; and Keith Poniewaz, Ph.D. – delve into the subject of expatriation, the first of what is sure to be multiple episodes on this subject (because there's a lot of ground to cover). Speaking of cover, this edition is primarily dedicated to going over what it means to be a covered expat, and the boxes you would have to check to reach covered expat status. There's enough there to warrant an entire episode, so while our trio briefly touches on how covered expat status may impact your financial situation, we'll go more in-depth on that specific subject in an upcoming episode.  Questions about covered expat status? Or questions about your particular situation? Send us a message at [email protected], and we may feature them on an upcoming episode – in addition to answering whatever your question might be.  LINKS Watch on YouTube Walkner Condon's U.S. Expat YouTube Channel Educational Materials for Expats Contact Us Meet with a U.S. Expat Financial Advisor --- Send in a voice message: https://anchor.fm/walkner-condon-expats/message

This was an episode that first appeared on the Gimme Some Truth feed, but we felt the topic was just as important to U.S. expats and Americans living abroad. After all, the currency markets obviously carry international implications. And as Syl points out, the strength of the dollar means it's a great time to be an American traveling abroad (as long as you can get there in a somewhat inexpensive fashion).  Syl Michelin, a Chartered Financial Analyst and U.S. expat financial advisor, sits down with Nate Condon – one of the founding partners of Walkner Condon – to dissect what's happening with the U.S. dollar. Together, they raise the question – what does a strong dollar mean for the markets? As part of that discussion, they dive into why the dollar is so important on the international stage and conjecture about whether the strength of the dollar is due to the dollar itself, or the underperformance of the other main currencies. Questions about this topic? Send an email to [email protected] or check out the links section below.  LINKS Watch on YouTube Walkner Condon's U.S. Expat YouTube Channel Educational Materials for Expats Contact Us Speak to One of Our Financial Advisors --- Send in a voice message: https://anchor.fm/walkner-condon-expats/message

While many of the people who come to us are contemplating retiring or living outside the U.S. for an extended period of time, there's an entirely different group of Americans abroad in our tech-based, post-COVID era – the digital nomad.  Our team of U.S. expat financial advisors focused on Bermuda's lucrative, and rather inexpensive, digital nomad visa program on a previous episode of Gimme Some Truth for Expats. This time, we're zooming out to discuss digital nomad life from an introductory financial perspective. How should you consider where to go? What will the financial and investing complexities be once you live there? And will you need a belt? Or will you need suspenders? Or will you need both a belt AND suspenders? Our team – Syl Michelin, Stan Farmer and Keith Poniewaz – touch on those topics and the belt and suspenders analogy in this edition of Gimme Some Truth for Expats. Questions about your specific situation as a digital nomad or something you'd like us to go further in-depth about regarding digital nomad life? Send us an email at [email protected] or check out the links below.  LINKS Bermuda's Digital Nomad Visa with Glenn Jones, CEO of Bermuda Tourism Authority Top 5 Countries for U.S. Expats in 2022 Walkner Condon's U.S. Expat YouTube Channel Educational Materials for Expats Contact Us --- Send in a voice message: https://anchor.fm/walkner-condon-expats/message

A long time ago – March 2021 to be exact – we brought a special guest, Glenn Jones of the Bermuda Tourism Authority, onto Gimme Some Truth to discuss an expat topic beginning to pick up steam – Digital Nomad Visas. As we progress into the third year with COVID still part of our lives, many workers are still working remotely full-time. In some cases, full-time remote work has become the standard (unless you're Elon Musk & Tesla). So with work-from-anywhere work still very much in the mix, we thought it would be worthwhile to drop this episode from the archives and bring it to this feed for the first time. (This episode originally aired before we had our very own expat podcast).  Financial advisors Keith Poniewaz, Ph.D., and Stan Farmer, CFP®, J.D., virtually escape the Wisconsin winter for an episode, welcoming Bermuda Tourism Authority interim CEO Glenn Jones onto the podcast to dive into the topic of Digital Nomad Visas. COVID-19 has helped bring to light the numerous opportunities for Americans looking to work remotely for extended periods, while tourist hot spots like Bermuda have simultaneously sought to expand their offerings in new ways to combat the impact of the pandemic. The show covers the basics of Bermuda's program, including how to apply and qualifications that need to be met, Bermuda's strong response to the pandemic, tax implications of a visa, and more. Have questions about this or other expat topics? Send us a message [email protected].  LINKS Walkner Condon's U.S. Expat YouTube Channel Educational Materials for Expats Speak to One of Our Financial Advisors Contact Us --- Send in a voice message: https://anchor.fm/walkner-condon-expats/message