Beacon Financial Education aims to help people with their financial well-being and provides individuals with the information they need for financial control, stability and simplicity.

For several years now, Beacon Financial Education has been very active in informing and educating Americans and U.S. connected individuals in the Netherlands about the headache FATCA (the United States’ Foreign Account Tax Compliance Act) causes this group of expatriates through their local seminars, webinars, newsletters and articles. Especially those with a U.S. nexus are not always fully aware of what their connection with the United States entails.

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Beacon Financial Education aims to help expats organise their personal finances and educate them on retirement plans, personal lifestyle planning and wealth management.

Making the switch to live and work abroad is an exciting time in your life. To make your experience abroad smooth and successful – from a financial and personal standpoint – it’s important to plan and prepare for your trip. One vital aspect to consider is how you will handle your savings.

One front-and-center savings issue for US expats is how to handle the 401k. 401ks are some of the US’ most popular savings accounts. Many US employers offer 401ks to their employees. Here is what you need to know when it comes to 401ks and living abroad.

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Beacon Financial Education aims to help people with their financial well-being and provides individuals with the information they need for financial control, stability and simplicity.

Becoming – and staying – financially independent means something different to a teenager or a student than to someone in his / her 30s starting a family or a retiree.

One thing they all have in common: it all revolves around achieving financial goals, and to be able to live the life you envision for yourself – and your loved ones. After all, no one wants to be a slave to their finances.

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Beacon Financial Education talks about the risk factors which may be associated with your retirement plan and walks you through some tools which can help predict your retirement’s actual impact.

When planning for retirement, it’s best to have a realistic take on how your financial plan will achieve your goals and marks. Some may opt for a risk-based retirement plan and others may make their investments more conservatively. Either way, there are factors that may influence the result of your financial plan.

Inflation
Inflation is defined as a general increase in prices and fall of purchasing power. Inflation can have a great impact on the goals of your financial plan. When inflation is high, we need to compensate and adjust for less potential purchasing power in the future. The average rate of inflation tends to fall around 2,0% YOY (year-over-year), so planning for 3,0% will put you in a good spot.

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Beacon Financial Education aims to help expats organise their personal finances and educate them on retirement plans, personal lifestyle planning and wealth management.

Moving abroad can be quite exciting. Perhaps you have decided to start a new career or job in a foreign country, or maybe you are moving for other reasons. Either way, there are a number of important things you will need to do in preparation for your adventure. This list looks at 5 vital things you should keep in mind when preparing to move abroad as an expat from the US.

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The Foreign Account Tax Compliance Act, also known as FATCA, was enacted by the United States to prevent worldwide tax evasion by US (connected) taxpayers. FATCA obligates taxpayers to report the existence of their non-US financial accounts and foreign assets to the Internal Revenue Service.

Your Wealth. Your Future. Seamless Service. Wherever in the world you reside

As a result of this act, the US and Dutch governments have an intergovernmental agreement that makes FFIs (Foreign Financial Institutions) in the Netherlands (like elsewhere) register with the IRS and requires them to report all financial assets that Americans and US connected persons own abroad.

Dutch banks have to report each client that is subject to American legislation – and possesses a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) – to the Dutch tax authorities (Belastingdienst).

Since FATCA came into force in 2010, it has impacted Americans and US connected persons living abroad tremendously. People who have not filed their US tax returns, can – when identified by the IRS – expect to be penalized.

Although FATCA causes many a headache and adds an additional layer of challenges to the already complex system of expat financial planning, most US persons who voluntarily file their taxes will generally have to pay little or no tax at all, and are unlikely to have to pay penalties. Besides, there are also opportunities which some people are not aware of.

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Beacon Financial Education aims to help expats organise their personal finances and educate them on retirement plans, personal lifestyle planning and wealth management.

Congratulations on moving abroad! Whilst you may be enjoying the honeymoon phase of your new stay, you might have to understand complex tax systems in your new country. There are three variations of the tax system which countries use, and certain classifications within those systems affect your tax status. This article highlights all three and addresses the essential classifications within the rules.

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Beacon Financial Education aims to help expats organise their personal finances and educate them on retirement plans, personal lifestyle planning and wealth management. Robert Rigby Hall from Beacon gives us 5 convenient tips on how to become financially healthy.

Today, every store, hotel, and airline you turn to seems to offer you a credit card. Monthly subscriptions pile up. Expenses, bills, and other payments seem to be never ending. All of these factors make it difficult to keep your finances in order. But don’t stress, financial health isn’t as impossible as it seems. This article will show you why.

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Beacon Financial Education aims to help expats organise their personal finances and educate them about retirement plans, personal lifestyle planning and wealth management.

Janice Diaz, Vice President of Marketing Development at Beacon Global Group explains why it can be handy to develop a professional relationship with a financial adviser.

If you are the type of individual who reads a lot about investment choices and knows the right questions to ask concerning financial themes, then perhaps you believe you might not need expert advice.

However, if you have a lot of different responsibilities, or don’t see the sense in spending time seeking the help of a financial professional in making critical financial decisions, then ask yourself one simple question:

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