32. Swapping notes with an Aussie Financial Planner | From The Trenches with GFPI Founder Ashley Murphy

We're The Brits In America

“I don't want a valuable life lesson, I just want an ice cream.” Those are the immortal words spoken by Bluey, beloved Blue Heeler puppy from Australia. We can all relate, but when it comes to Australian/American cross-border financial planning, a life lesson might be what you need. You can have an ice cream afterwards.

To deliver the lesson, Richard is joined by Ashley Murphy, founder of Arete Wealth Strategists and the Global Financial Planning Institute. Ashley shares his journey from corporate finance to starting his own firm and specializing in cross-border financial planning for Australians and Americans.

Many expats, especially Australians moving to the US, fail to understand the long-term implications of their immigration status on their financial planning. There are unique tax advantages available to those who plan their entry and exit from the US carefully, but many miss out on these benefits because they don’t seek advice early enough. Many Australians in the US, particularly those on temporary visas, often unknowingly commit to green cards or permanent residency without realizing the financial consequences. For instance, long-term US residents may face an "exit tax" if they leave the country or miss out on tax benefits available only to temporary visa holders.

Bluey is a story of success; an Australian who cracked the US market. Set yourself up for the same success with the lessons learned in this episode.

We're the Brits in America is affiliated with Plan First Wealth LLC, an SEC registered investment advisor. The views and opinions expressed in this program are those of the speakers and do not necessarily reflect the views or positions of Plan First Wealth.

Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Plan First Wealth does not provide any tax and/or legal advice and strongly recommends that listeners seek their own advice in these areas.