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ahopper7's review
informative
slow-paced
3.0
This book is too ranty for me, and doesn’t do a great job explaining investing in simple terms like other books I’ve read (The simple path to wealth, I’ll teach you to be rich). It does have some good nuggets for expats which is what I was specifically looking for since most investing books are U.S residency centric, so that’s the only reason I gave it 3 stars.
jenny44indy's review
4.0
This is a good read, with some points I have previously read elsewhere reinforced, some points I had not previously considered, and more than enough one-liners about Uncle Sam, Grim Reaper Taxman. The book offers plenty of warning to non-Americans about estate tax liability through US market investment and tips to minimize the issue (unless you are American). Less clear is anything for Americans to do but bite the bullet; which has thus far been my conclusion through my own reading and research (short of renouncing US citizenship, which is not a route I am pursuing). I realize I am asking a Canadian for US tax and estate planning knowledge - but I did appreciate the later section of the book that showed sample asset allocation for (to my memory, non-American) dual nationality couples; and wonder if at some point there could be follow up of a similar nature for American/non-American partnerships? I feel like that might be a book in it of itself, regardless of who chooses to write such a thing.
As a single American teacher with nearly five years of international work experience, I suppose I still only fit part of the demographic I mention.
I was glad to read that in some ways, I am mostly where I need to be in terms of retirement planning, given my current income bracket and circumstances. It can be frustrating to read savings plans geared for 3 and 4 times your income bracket. The point of "start somewhere," and "be patient" is very helpful in that regard. The variety of situations in the beginning of the book, with highly varied income and retirement goals - was great (that part included an American/non-American couple, come to think of it). I would like to see more examples like that in future works.
Thanks for navigating this terrain, there is great need for it.
As a single American teacher with nearly five years of international work experience, I suppose I still only fit part of the demographic I mention.
I was glad to read that in some ways, I am mostly where I need to be in terms of retirement planning, given my current income bracket and circumstances. It can be frustrating to read savings plans geared for 3 and 4 times your income bracket. The point of "start somewhere," and "be patient" is very helpful in that regard. The variety of situations in the beginning of the book, with highly varied income and retirement goals - was great (that part included an American/non-American couple, come to think of it). I would like to see more examples like that in future works.
Thanks for navigating this terrain, there is great need for it.
ania's review
4.0
Am much better informed and also much more terrified now having read this. Can't really rate 5 until I've become the millionaire I've been promised. Will report back in a few decades.
veszig's review
4.0
I've always felt a bit bad about being a total financial noob, but never knew how to get started. My brain has a hard time processing financial text. This book is great. It is easy to understand, lays the foundation and has a clear and logical message. It's almost 5 stars for me but there were several chapters that felt a bit too detailed.
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