Find clear answers to common questions on taxes, investments, and financial planning for expats navigating life abroad.
Yes, we design investment accounts in the US also for non-US citizens resident outside the United States, that aim to minimize exposure to US estate tax. For US citizens investing in Israel, we make sure that the portfolios are invested in a manner that avoid US PFIC taxes.
The US-Israel tax treaty generally does a good job of avoiding double taxation. While we understand the basic provisions, we recommend speaking to a qualified CPA.
Yes, but we generally do not recommend doing so. You cannot transfer a US retirement account to an Israeli retirement account. Each is a separate entity to which you may contribute and then take (primarily taxable) distributions. There may also be penalties if you take money out of US retirement accounts before age 59.5. Therefore, we believe it makes sense to keep your US retirement assets in consolidated US Individual Retirement Accounts until retirement age (and often thereafter too).
We have a basic understanding of Israeli Pension laws, but this is a separate filed in Israel. We refer our clients to qualified Israel pension consultants.
We work with the client in order to identify their assets, their key financial goals and then build a customized investment plan. It is very important to plan ahead.