fbpx

Month: November 2020

Why Millennials and Others Shouldn’t Buy a House Right Now

millennial homeownership

For many people, Millennials included, buying a home is a rite of passage. Though Millennials tend to be a misunderstood generation, the American dream is alive and well with them. Since many are growing their families, homeownership is top of mind.

While we completely understand the desire to own a home, below we’ll review why we believe it may not be the right time to take the plunge, unless buyers intend to stay in the same house forever.

homeownership, millennials

Continue reading

British Expats: What to Do Before You Say ‘I Do’

british expats
Options for Getting Your Green Card and Remaining in the U.S.

To paraphrase Truman Capote, love knows no geography.

If you’re a British expat reading this article, then you are likely hoping to marry your American sweetheart and remain in the United States. If your goal is to go through the immigration process and get your green card, i.e. obtain permanent residence, you have three main options:

  1. K-1 fiancé(e) visa
  2. I-130 Petition for Alien Relative filed in the U.S. (either with or without a K-3 nonimmigrant visa)
  3. I-130 Petition filed in London

The information that follows, though helpful, should not be construed as legal advice tailored to the specifics of your legal situation. If you require more specific legal advice, you should contact a U.S. immigration lawyer.

british expats

Continue reading

How Sole Proprietors Can Minimize Their Self-Employment Tax Burdens

sole proprietors
Four Strategies for Managing the Self-Employment Tax

When you’re working as a sole proprietor, you are both the employer and the employee. While it’s a business model that can offer you the benefits of flexibility and control, there are also important self-employment tax implications.

Consider, for example, that all workers must pay into Social Security and Medicare. For typical workers, this means they split that cost with their employers, each paying 7.65% of the employee’s eligible wages. Sole proprietors don’t have the benefit of splitting the cost with an employer, meaning they must pay both halves – 15.3% of earned income. This is referred to as the self-employment tax, and there’s quite a bit you should know about it – both to follow the letter of the law, and to minimize your tax burden as a sole proprietor.

independent contractor, small business, sole proprietor, Tax planning

Continue reading

THERE'S NO TIME LIKE THE PRESENT

Let's Schedule a Discovery Call

We offer a complimentary "Get Acquainted" meeting to learn about your goals and see if our services are right for you. Come in for a cup of coffee and a second opinion – both are free.

Subscribe to our newsletter


© Wellacre Global Wealth Advisors 2020

WellAcre Global Wealth Advisors is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where WellAcre Global Wealth Advisors and its representatives are properly licensed or exempt from licensure.  This website is solely for informational purposes.  Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by WellAcre Global Wealth Advisors unless a client service agreement is in place.