Avoiding a mess with a suitable Investment Strategy for American Expats’ and Children with US citizenship
American families living abroad face a common financial dilemma: how to invest wisely for their children’s future. Many opt for foreign mutual funds, a sound strategy until the U.S. tax implications of such investments become apparent, especially for minors. Understanding the PFIC Quagmire Passive Foreign Investment Companies (PFICs), while a staple in foreign investment portfolios, […]