EP 9: Navigating the Alphabet: Work Visas and Investing in the US

Jan 24, 2024 · 30m 37s
EP 9: Navigating the Alphabet: Work Visas and Investing in the US
Description

Foreign nationals on work visas are very keen to take advantage of the U.S. Tax code when it comes to investing and saving for retirement and other financial needs. They...

show more
Foreign nationals on work visas are very keen to take advantage of the U.S. Tax code when it comes to investing and saving for retirement and other financial needs.

They are looking to save for retirement, their kid's college funding, and other financial goals.

Like American citizens, they would like to take advantage of tax-advantaged accounts like 401k plans, 403b plans, Roth IRAs, 529 college savings plans as well as health savings accounts.

Unfortunately, due to the temporary nature of the work visas (they are all nonimmigrant visas), they face unique challenges that make it very difficult to accomplish these goals.

In this episode, your co-hosts Jane Mepham, CFP, and Manasa Nadig, EA, discuss the challenges that range from brokerages that won't open accounts for those on visas to the lost benefits of some tax-advantaged accounts when moving overseas due to tax-treaties amongst other issues.

In the second half, they detail solutions that will allow you to invest in the US on a work visa even though you may not know where you are going to be when you retire.

Jane and Manasa started out on work visas, so they have lived out the exact challenges they discuss in this episode.

If you are a foreign national on a work visa - this episode is for you.

The views and opinions are those of the speakers and should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

Be sure to join the conversation by visiting the page of The International Money Cafe

Or by following us on social media:-

LinkedIn

Instagram

Twitter (X)
show less
Information
Author The International Money Cafe
Organization MANASA NADIG
Website -
Tags

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Podcast Cover

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search