Managing personal financial issues is challenging for most people. For American expats, the normal complexities and expenses are compounded by a panoply of post-financial crisis legal requirements mostly relating to taxes and bank account reporting. Financial Adviser Jonathan Lachowitz of White Lighthouse Investment Management continues:
Even more challenges arise as financial institutions at home and abroad continue altering business practices to comply with the Foreign Account Tax Compliance Act (Fatca), making it harder for individuals to bank, invest, buy insurance, get a mortgage and manage their personal finances.
