TOP TIPS - Reviewing Your Pensions - Is Everything Correct?
Non-resident aliens and other expats living in the United States have many complex issues to overcome in order to ensure their pensions are both optimised in their best interests and compliant with the rules and regulations of their relevant cross-border jurisdictions.
However, even outside of these considerations, there are many potential retirement planning pitfalls.
NEWS WRAP - Too Much of a Good Thing Could Signal a Melt-up
Commentators have expressed concern that stocks could be getting too expensive, with some predicting that if the trend continues it could lead to an unwelcome and "nasty" correction*. This follows both the Nasdaq and the S&P 500 recently hitting historic highs, while the Dow is only a half-percentage point rise from the same.
Edward Yardeni, a respected analyst of many years' experience, recently released his market brief for November 2019 and warned that if the S&P forward earnings multiple reaches 19 or 20 – it is currently at 17, while a figure of 15 to 16 is more typical – it could be a sign that equities are significantly overvalued.
NEWS WRAP - Third Federal Reserve Interest Rate Cut of 2019 - The Outlook for Retirement Savers.
The Federal Reserve has made its third interest rate cut of 2019, leaving the Federal Funds rate at between 1.5% and 1.75%. What, if anything, might this mean for your wealth and retirement plans.
Federal Reserve Chair Jerome Powell told FOX4 that the move is designed "to help keep the U.S. economy strong in the face of global developments, and to provide some insurance against on-going risks".*
NEWS WRAP - US Organisations Take Inspiration from the UK's FCA
A number of United States Regulators have joined The Global Financial Innovation Network (GFIN) – an alliance comprised of more than 50 financial organisations from across the globe – in what is likely to prove a positive development for non-resident aliens and other cross-border individuals in the United States.
In an October press release made by the U.S. Securities and Exchange Commission (SEC) it was announced that the SEC, the Office of the Comptroller of the Currency (OCC), the Commodity Futures Trading Commission (CFTC) and the Federal Deposit Insurance Corporation (FDIC) have all become members of GFIN.*