{"id":40355,"date":"2023-10-20T02:51:40","date_gmt":"2023-10-20T09:51:40","guid":{"rendered":"https:\/\/gaba-network.org\/norcal\/?p=40355"},"modified":"2023-11-08T01:45:21","modified_gmt":"2023-11-08T09:45:21","slug":"cerity-partners-cross-border-planning-group","status":"publish","type":"post","link":"https:\/\/gaba-network.org\/norcal\/cerity-partners-cross-border-planning-group\/","title":{"rendered":"Cerity Partners – Cross-Border Planning Group"},"content":{"rendered":"

Managing Wealth Across Borders \u2013 Coming to America<\/h3>\n
<\/div>\nGlobalization is increasing and the world is becoming ever more connected. Today\u2019s companies are importing specialized talent from every region of the world. Large U.S. companies are expanding globally, while technology companies are importing specialized talent from around the world. Also, the U.S. technology sector is a magnet for international entrepreneurs, attracted by the opportunity to launch their new businesses in our thriving tech ecosystem.<\/p>\n

For talented professionals and entrepreneurs like many GABA members, this is an exciting time to expand your opportunities beyond your country of birth and to work with peers across the world, either remotely or onsite.<\/p>\n

Financial Complications Await<\/strong><\/p>\n

But this mobility also creates complications to your financial life. Cross-border professionals and their families are subject to intricate tax laws and regulations when they relocate for work outside of the U.S., or move from another country to the U.S.<\/p>\n

The number of foreign-born professionals working in the U.S. has exploded as many large U.S. companies look abroad to find specialized talent. These people tend to be accomplished high-income professionals, and they also save at a considerably higher rate than their American peers. In addition, it is much more common that they own real estate and financial assets outside of the U.S. As a result, their planning and investing needs are more complex, and they often struggle to understand our unique tax code and the various retirement and investment options offered to them.<\/p>\n

As a financial planning practice that specializes in cross-border families, many of our clients are foreign nationals in the United States who are looking for clarity on their taxes and other financial situations.<\/p>\n

Critical Financial Planning Challenges<\/strong><\/p>\n

International families in the U.S. require specialized financial planning and wealth advice. Example of unique cross-border planning include:<\/p>\n