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Home Posts Tagged "overseas investments"

Swiss Bank Accounts for Non-Residents

Posted by Joe Wallace on Mar 4th, 2021 · 0 Comment
swiss banking
Swiss bank accounts for non-residents are appealing because of their perceived anonymity as well as having certain perceived business and tax advantages. Swiss bank accounts for non-residents are possible but there are issues to be mindful of when considering opening an account at a Swiss bank. The Foreign Account Tax Compliance Act (FACTA) For those who fondly remember the concept of a Swiss bank...
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About the Author

Melissa is a writer and virtual assistant. She earned her Master’s from Southern Illinois University, and her Bachelor’s in English from the University of Michigan. When she’s not working, you can find her homeschooling her kids, reading a good book, or cooking. She resides in Arizona where she dislikes the summer heat but loves the natural beauty.


Critical Financials’ Basic Personal Finance Rules

Here are some simple guidelines that will help you build wealth:  

1) Do the math. Get a budget and calculate your net worth

2) Get an emergency fund. Save at least 6 months worth of expenses

3) Limit costs. Spend no more than 30% of your income on housing

4) Max your retirement. Maximize contributions to your tax-deferred retirement accounts

5) Pay yourself first. Set aside money for yourself before you take care of your other bills

6) Set goals. Goal let you get ahead faster

7) Avoid high interest debt. Avoid credit cards, title loans and other usurious loans

8) Diversify. Diversity your assets.

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