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Observing Czech Republic's growing pains of an economic revolution

It’s been 50 years since the Russian occupation of the Czech Republic to “restore order,” when in-fact, was to install the communist economic agenda. Prague locals celebrated in the streets of Wenceslas Square on August 21 with concerts and large-screen videos of that era, to serve as a reminder to those unfamiliar with history. This land-locked country has come far from its communist past. Now the Czech Republic, Hungary, Slovakia, and Poland, the “Visegrad Four”, are facing a record labor shortage^1. A sign of significantly improved economic strength, not seen since before the first World War. According to CzechInvest, the country’s official organization to help bring in new business to th

Health insurance while overseas

If you’re living abroad or about to take an overseas vacation, you may be wondering the consequences if something goes wrong and suddenly in need of care. Generally, the answer depends on the host country and insurance that you already have. Nevertheless, it’s worthwhile to do your proper research and prepare for the unexpected, leaving you to enjoy a worry-free trip. If you have health insurance in the U.S. then you could be covered by an expense incurred overseas, once the deductible is met. You will likely have to pay out of pocket for a medical procedure and your insurance provider will indemnify you after. You will want to check with your provider and know in advance the care that’s ava

How to create your retirement paycheck

Just because you’re no longer working doesn’t mean that you don’t deserve a paycheck. In retirement, however, it will be up to you to create that paycheck. Income sources may include Social Security benefits, investment dividends, IRA or 401(k) plan distributions, pensions, and others. There are various reasons to choose one source over an another in a given year depending on your tax situation and age. Here are a few potential sources and strategies to keep in mind: Social Security: Generally, it’s most lucrative to take your maximum benefit at age 70. Reasons to take it sooner may include a shorter life expectancy, cash flow restrictions, or if you’re looking to implement a benefits stra

Banking solutions for expats

It’s commonly known that Americans face banking challenges while living abroad. Foreign banks like to avoid taking on US citizens as customers, even if these customers are also citizens of the host country, and American banks have closed accounts and limited access when customers go abroad. Banks have to disclose to the IRS information on their US customers which create a special legal hassle and they must comply with the Patriot Act and Foreign Account Tax Compliance Act (FATCA)^1. These rules were put into place largely to fight money laundering of enormous sums, however, it unmistakably punishes the average American who just wants to manage their finances while overseas. As a result, many

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Eureka Wealth Management is a registered investment adviser in the State of California. The adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment advisory services. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein.