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MyRA Savings Accounts Explained

MyRA Savings Accounts Explained – No Downside, but Limited Benefit for Expats In this year’s State of the Union address, President Obama announced that he would sign an executive order that creates the MyRA savings program. The main aim of the program is to offer retirement accounts for employees who work for companies that don’t offer a retirement savings vehicle. MyRA accounts will be backed by something similar to a savings bond, and account holders will be guaranteed that they will pay no fees and that the value of their account will not decrease below their principle. MyRA Criteria – Expats Take Note With as little as $25 to begin, and contributions as little as $5, anybody who meets the ...

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All You Need To Know About Moving To Australia

There’s a running joke in Australia that goes (roughly): Everything down under will kill you – except for Hugh Jackman (the Australian actor)…apparently, he’s really nice. Aside from being flat-out untrue (minus the Hugh Jackman part – he is actually very nice), it’s also a touch on the funny side as there is plenty in Australia for expats to be wary of – but that’s if you don’t take the time to learn a little bit about the culture of this truly unique place. And while there’s no way to cover every nuance of life down under, there are plenty of websites and articles that can help you get even more acquainted. Here are a handful of phrases that we’ve ...

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Succeeding in Your New Relocation Position – a Personal Story

Seated in the hotel restaurant, on the first day of my expatriate assignment in Kuwait, I was having breakfast with my new regional director. He gazed out the window at the Arabian Gulf and then turned to me. “Do you like sunshine?” Not knowing him well, I thought that was a strange question, but said yes. He replied, “Good. You’re going to have a lot of it.” As a new expatriate general manager my role was to lead a multinational team of a global airline. I soon found out that in addition to loads of sunshine I also had extreme challenges, lots of frustration, many laughs and memorable successes. To help maintain a clear perspective on this expatriate experience I ...

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Preparing to Move to India

So, you’re moving to India . . . Congratulations! Relocating to India is an exciting adventure, and a great way to experience a new culture. However it’s not without its challenges. In such a different country, there is bound to be some serious culture shock, and you will need some time, and a little guidance, to get completely adjusted. To help you out, we’ve come up with a list of five tips everyone should know to make their transition to this remarkable country as smooth as possible. Prepare to be overwhelmed- sometimes delightfully so Cities in India are fast-paced and chaotic. There are bright colors, a jumble of sounds, and teeming crowds nearly everywhere you turn. It can take some ...

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How to Find a Job Overseas

Many people have a desire to work and live overseas, but put their aspirations on hold because they assume that working abroad is an impossible dream that is reserved for a lucky few who have special skills, education, or specific connections. Nothing could be further from the truth. In fact, earning a living abroad is often fairly easy, and with the right research and planning, anyone can do it if they want to. Finding a Job Overseas Finding a way to support yourself or your family is often the most stressful part of moving abroad, but it does not have to be any more stressful to find a job overseas than it is to find work in the United States. ...

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How to Buy Real Estate in Australia

For a significant percentage of people planning a move abroad, their move is designed to be permanent. Rather than a temporary relocation for a short-term employment contract for example, their move is emigration for life… If you fall in to this bracket and you’re emigrating to Australia you may well be planning to buy real estate to make your new home abroad a permanent base. The good news is that Australia’s property buying system is secure, legally well-protected, and foreign citizens who become permanent residents in Australia have the right to own immovable property in Australia. Before I get down to the nitty-gritty of the purchase process however, it’s important to mention the fact that as a newly arrived expat ...

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3 Keys to Affording a Move Abroad

Whether you’re retiring overseas, moving abroad to take up a new job offer or relocating for a better quality of life for your children, there are a few affordability factors that you may have overlooked which could jeopardize your entire relocation. Whilst everyone knows that moving can be an expensive commitment to make, and that moving countries comes with even higher potential costs, the money worries don’t necessarily stop there. The good news is that knowledge really is power. And when it comes to ensuring you can afford to relocate and integrate, having the knowledge about the little-known affordability factors that could impact on you will help you to avoid any financial pitfalls. Understand your requirement to pay tax at ...

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Getting Involved In The Big Expat Experience

“It is so big on the outside but the reality is that it feels very small on the inside.” Said Raj who was describing how he feels after the first nine months of his expatriate assignment in the United States. Raj is from Delhi, India. His relocation came quickly and, like many expatriates, without sufficient preparation. His company provided him with a start date, a one-way ticket to Washington D.C. and a hotel for the first 30 days. From the moment he arrived he has been learning things as he goes. This prompted the realization that what he was truly experiencing was a very small aspect of his expatriate opportunity. Recognizing that he is in the United States and the ...

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Expat news November 2013

There’s always plenty to report on in the world of expats and international moving. It seems like every day brings challenges to life outside the U.S., however that doesn’t mean leaving your native country for life in a new and exciting place isn’t a positive experience – it just means you have to be more educated about the world and, as we know, that’s never a bad thing. Here are some of the latest news items to keep you up-to-date in the world of expats… Saving Less – Western Expats in UAE are Saving Less for Retirement A first-of-its-kind study recently revealed something that has been suspected by financial advisors, but never quantified by a study, until now. The first ...

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The Right Choice – A Personal Story of Moving Overseas

In 1996 I made the most positive decision I’ve ever made for my family; I decided to move abroad. I was a single mom of four, working as a DJ at a nightclub in Los Angeles, going to school during the day to get my degree in Psychology and not seeing a whole lot of my kids. In addition to that, my twins were about to turn 12 and would be in junior high school the following year; I was becoming increasingly alarmed by the fast pace at which kids in California seemed to be growing up, experimenting with drugs, and engaging in other less than healthy activities. I wanted a change. I wanted to get my children out of ...

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