Doug Goldstein, CFP® and director of Profile Investment Services Ltd., and, Stacy Collier, CPA, discuss the harsh realities of PFICs (Passive Foreign Investments Companies) and how they relate to Americans living in Israel.
Stacy specializes in U.S. citizens managing their money from abroad. She explains what PFIC owners must do – and pay – in order to comply with the IRS regarding PFICs.
Listen to this episode if you are thinking about buying a foreign mutual fund or if you fear that you may inadvertently own a PFIC.
When should you readjust your asset allocation?
Doug answers a Goldstein on Gelt Show listener’s question about asset allocation. Doug points out the difference between individual bonds and bond funds. Sometimes asset allocation hinges on the types of investments you own, not the market.