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Financial Education
Why Do I Need Financial Education?
You might be the type of person that has their financial affairs in order. You make sure you don’t overspend, pay off your loans and the mortgage on your house, each month you put some money aside for retirement, the company you work for might offer a good pension or life insurance plan, perhaps you have opened (a) savings account(s) for the children’s education,… in short, you’re sensible with money. So why would you need financial education?
Time flies. Not only do economies fluctuate, your personal situation changes over the years as well. What is right for you now, probably won’t be in the future.
Every stage of your life requires a different approach and another savings and investment portfolio to match your changing needs and desires. Financial education helps you to make sure you cover all your basics.
Financial Education Creates Sound Financial Futures
Do you know what your money will be worth in 20, 30 years’ time?
Even though you think you have made the necessary financial arrangements and precautions for the future, do you really know what all your savings and investments will be worth by the time you children’s go to college or university, or by the time you retire?
Are you confident that you have set enough money aside to maintain your current lifestyle in the future?
Take the reins of your financial health
You – and your loved ones – depend on the financial decisions you make. Taking control of your financial health means you take responsibility of your – and their – future.
Financial education provides you with a solid understanding of expat finances and will help you better understand financial planning and budgeting.
Have you really considered everything in your budget?
Consulting with an independent financial advisor and/ or financial education will help you budget for your personal short and long term financial goals
Being an expat adds a whole different layer to the already existing challenges of controlling one’s finances. Are you aware of all those implications?
Is your financial advisor? What happens to your savings, (retirement) money, your pensions and investments when you move overseas, from country to country? Have you thought about the costs of your untimely death and the financial hassle your loved ones might end up with if you have not made the right arrangements?
And – last but definitely not least – what are the implications of the U.S. Foreign Account Tax Compliance Act?
After all, Americans have to deal with more reporting than any other expats as they will always have US tax obligations - no matter how long they lived in the US or how long they are living abroad.
What Beacon Financial Education Provide
Beacon Financial offer free, no obligation, financial education and awareness seminars that will give you a solid foundation on which you can start building your future.
In addition, our network of global independent financial advisors can help facilitate your economic planning, and provide you with the information you need to make the well-informed decisions you and your loved ones deserve, to achieve your financial goals for the future.
Check Our Events CalendarSubscribe to BE's NewsletterBeacon Financial Education seminars include:
Wealth Management EducationLifestyle PlanningUS FATCA compliant investment planningCross-border retirement strategiesInternational Life Insurance and Protection PlanningTax Efficient Inheritance Planning and much more.
