Personal Financial Strategy for NRIs in the USA!
When it comes to trusting companies where you plan to park your money for an annuity, it’s essential to consider several factors that demonstrate their stability, reliability, and financial strength. Here’s why leading annuity providers are trustworthy: By choosing reputable annuity providers, you can have confidence in their ability to manage your annuity effectively and […]
The H1B visa is a type of work visa that allows foreign workers to temporarily work in the United States in a specialty occupation. This visa is available to individuals who are not U.S. citizens or permanent residents, including non-resident Indians (NRIs) who meet the eligibility requirements. Yes, H1B employees are eligible to open an […]
It’s not a matter of whether life insurance is better than investing in stocks and mutual funds, but rather which investment option is better suited for your financial goals and circumstances. Life insurance provides financial protection for your loved ones in case of your untimely death, and it can offer a guaranteed return on investment […]
Any investment should take into consideration various factors before deciding on where to put your money. Here’s an explanation of the factors: Here are some examples of how these factors might apply to different investments: In conclusion, when deciding on an investment, it’s important to consider your goals, time horizon, taxes, risks, returns, time/effort to […]
Term life insurance can be an essential financial planning tool for NRIs (Non-Resident Indians) who want to ensure the financial security of their loved ones in case of an unexpected event. However, choosing the right policy can be a daunting task. Here are a few things to consider while considering term life insurance for NRIs:
Retirement can be a fulfilling and enjoyable time in life, but it can also be a period of significant financial challenges if not planned properly. Tax laws and regulations can have a major impact on retirement assets and income, making it essential to understand how they work and how to plan accordingly. As outlined in […]
The journey toward financial independence can be divided into five stages. Let’s take a look at each one: 1️⃣ Survival: At this stage, you’re able to cover your bills, but you’re living paycheck to paycheck. You have little to no savings, and you’re dependent on your job to make ends meet. 2️⃣ Progress: If you’ve […]
529 college savings plans are a popular way for families to save for future college expenses. However, there are some potential disadvantages to consider before investing in one: Overall, while there are some potential disadvantages to 529 college savings plans, they can still be a valuable tool for many families looking to save for future […]
If the value of a person’s net estate exceeds the federal limit of $11.58 million per person, they may be subject to an estate tax that can be as high as 40% of their estate. However, even if their estate does not meet the federal limit, they may still be subject to a state estate […]
ILIT stands for Irrevocable Life Insurance Trust. It is a legal entity created for the purpose of owning a life insurance policy. The trust is considered “irrevocable” because once it is created, it cannot be modified or terminated by the grantor (the person who creates the trust). The way an ILIT works is that the […]