Should I renounce my American citizenship?

Can you avoid stringent U.S. tax legislation aimed at Americans living abroad by renouncing your American citizenship?

On today'’s show, Doug answers a letter from a listener asking how to deal with U.S. tax obligations and whether it is worthwhile to renounce American citizenship. Listen to the show for the link to an interview with Bitcoin pioneer Roger Ver, who explains why he gave up his citizenship.

What should an individual investor do when devising a personal investment strategy? Should you own individual stocks? George Sisti, CFP, a former U.S. air force pilot and certified financial planner, shares a simple strategy for personal investing. 

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Douglas Goldstein, CFP®, is the director of Profile Investment Services, Ltd, a financial planning and investment services firm specializing in working with Americans living in Israel who have investment accounts in America. Doug’s newest book, co-authored with Susan Polgar, about using chess strategies to improve your finances, Rich As A King can be purchased at www.richasaking.com. He is a licensed financial professional both in the U.S. and Israel. Securities offered through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, FSI. Accounts held at Pershing LLC., Member NYSE/SIPC, a subsidiary of The Bank of New York Mellon Corporation. Neither Profile nor PRG gives tax or legal advice. Before immigrating to Israel, it is advisable to consult with a tax attorney who is knowledgeable about Israeli law. Contact at doug@profile-financial.com

Source: http://www.israelnationalnews.com/News/News.aspx/210719

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