The Easy Way to Reliably Handle Your American Investments from Overseas

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Thông tin tác giả Douglas Goldstein and Douglas Goldstein | CFP® | Profile Investment Services được phát hiện bởi Player FM và cộng đồng của chúng tôi - bản quyền thuộc sở hữu của nhà sản xuất (publisher), không thuộc về Player FM, và audio được phát trực tiếp từ máy chủ của họ. Bạn chỉ cần nhấn nút Theo dõi (Subscribe) để nhận thông tin cập nhật từ Player FM, hoặc dán URL feed vào các ứng dụng podcast khác.

A question that I’m asked frequently these days is “how do I handle my American investments from overseas if my current American brokerage firm wants to close my account?”

It’s common for me to get inquiries from people who received letters about their accounts being closed/frozen. Happily, I can help them.

While many American firms are dismissing clients with foreign addresses, we welcome the strengthening of international relationships. We custody our clients’ accounts at Pershing, LLC. Member NYSE/SIPC, a subsidiary of the Bank of NY Mellon Corp. That means that all the assets are held in America, the statements are all in English, and all the accounts are compliant with IRS regulations.

Beware of moving assets to Israel!

Not only will tax-deferred accounts like IRAs lose their U.S. tax-deferred status, but U.S. PFIC regulations can make it very costly to invest in Israeli funds.

Bottom line: there are two easy steps to handle your American investments from overseas:

  1. Listen to this week’s podcast
  2. Be in touch with me (call my Jerusalem office 02-624-2788 or fill in the contact form)

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