US State Tax Planning

Posted Leave a commentPosted in Personal finance

US Federal taxes are complicated enough, but residents of most US states know that state and local taxes (sometimes known as “SALT”) add an additional level payments and possible complexity. While US persons (citizens and permanent residents) are generally taxed on our worldwide income and estates regardless of where we live in the world, many […]

Who can write your will? Only these three people

Posted Leave a commentPosted in Personal finance

I am not in the business of writing wills, but as a holistic wealth manager and financial planner, I often need to ask whether clients have an updated will. If not, I believe I have a duty to make a referral to the best person I believe can help write your will, if you need […]

Hong Kong vs Singapore

Opening an Investment Account: US vs Hong Kong vs Singapore

Posted Leave a commentPosted in Investing, Personal finance

Although recent protests have drawn more international news cameras than usual, international wealth management clients have compared opening an investment account Hong Kong to having one in Switzerland, Singapore, or South Florida (Miami) for decades if not since the World Wars. While Hong Kong vs Singapore may be the most overdone comparison in Asia, this […]

Patelco $50 referral code US banking services

US Banking Services from Patelco – $50 Referral Code

Posted Leave a commentPosted in Personal finance

As an investment advisor focused on educational content, I rarely post direct offers on my website, but this week, I got a referral code for referring friends to open an account with Patelco credit union, for which we would each receive a US$50 referral credit. I have had my Patelco account for over 20 years, […]

Tax Home: Domicile vs Residence

Tax domicile issues for US state taxes by @MichaelKitces

Posted Leave a commentPosted in Personal finance

A recent article on @MichaelKitces‘s blog “Nerd’s Eye View” describes the important difference between tax residence and tax domicile. In this case, the article refers to tax domicile issues with regard to US state income taxes, which differs from the citizenship-based “tax net” covering US persons regardless of state domicile. Domicile-based taxation is also seen […]

financial new year's resolutions

Top 3 Financial New Year’s Resolutions for 2019

Posted 1 CommentPosted in Personal finance

I find new year’s resolutions a great place to regularly set and review “SMART goals“. I am fortunate to live in Hong Kong, where the January weeks between the western new year and Chinese lunar new year provide a relatively quiet and cleaning-oriented time to both review the resolutions I completed (or not) the previous […]

Insurance Checklist: The 5 Most Important Insurance Policies I'm Renewing

Insurance Checklist: 5 Policies I Continue To Renew

Posted Leave a commentPosted in Personal finance

As a financial planner, I am very often asked about insurance, even though my own specialty is in investments and retirement planning. That said, insurance provides important protection against risks that may be hazardous to your wealth, and years of work building a substantial investment portfolio can be quickly lost in the event of an […]

Where to invest $1,000,000

Where to Invest $1,000,000 – Depending on Who You Ask

Posted Leave a commentPosted in Investing, Personal finance, Web finds

Bloomberg recently published another article titled “Where to Invest $1,000,000 right now“, where six different experts provided six different opinions on where they would invest the million. Not surprisingly, the experts they asked tended to recommend investing in assets their companies sold or serviced (for example, the one who said investing in Vietnamese property was […]

Hong Kong vs Singapore

Photo: DBS star ferry ad in Hong Kong captures UBS, AXA, and Pru in one shot

Posted Leave a commentPosted in Personal finance, Travel

When taking this quick snapshot of Singapore’s DBS bank’s “full boat” on Hong Kong’s star ferry this weekend, I noticed that by chance, the background also happened to include competitors ranging from Swiss bank UBS to French and British insurers AXA and Prudential, respectively. I wouldn’t say this photo alone is a sign that Hong […]

HKMC Annuity provides guaranteed income for life for Hong Kong

HKMC Annuity guarantees fixed income for life – is it a good deal?

Posted Leave a commentPosted in Personal finance, Retirement

This month, HKMC Annuity Limited, a wholly owned subsidiary of the HKSAR Government’s own Hong Kong Mortgage Corporation, closes its first subscription round for the HKMC Annuity policy that promises a guaranteed fixed income for life for Hong Kong permanent residents aged 65 and older.  According to the HKMC Annuity plan calculator, a 65 year […]