Most of you may have heard about the data breach at Equifax, one of the three major credit bureaus in the U.S.. It was reported that personal information from 143 million consumers has been exposed to the hackers. This incident really shocked me and made me to give a second thought about my own identity protection plan. In this post, instead of giving some general guidance, I will share what I have done before and after this incident for myself and my family.
The United States has one of the most mature financial markets in the world. There are so many things you could invest here. Making one investment means giving up all other investment opportunities at the same time. Many people miss investment opportunities simply because they are not aware of other investment options. I will try to list most of the investment options in the market to help you make an informed decision.
If you have lived in the U.S. for a while, you must be aware that you are taxed on worldwide income unless you are considered a nonresident alien who meet neither the green card test or the substantial presence test. How about your foreign assets? I will give you some general guidance on the questions below: Do you need to report it? What do you need to report? And how to report?
