New Immigrant's Financial Roadmap
A comprehensive roadmap for adult immigrants adjusting to the US financial system. Cover bank accounts, taxes, retirement, health insurance, and starting a business.
“Florea is a seasoned forensic accounting and corporate compliance expert with over 15 years of experience at Deloitte and PwC. She specializes in corporate investigation, anti-corruption risk management, and comprehensive financial planning.”
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Lessons & Chapters
1. The US Financial System Overview
Welcome to the United States! Let's examine how the American financial landscape is organized, how it differs from other countries, and the crucial starting documents like SSNs and ITINs.
2. US Banking Accounts
Establish your banking relationship, learn check writing, bank routing numbers, and how to maximize savings with High-Yield accounts.
3. Building US Credit from Scratch
Learn how to establish credit history when starting with zero records. Explore secured cards and credit bureaus.
4. Credit Cards and Managing Debt
Understand APR, credit card statements, and financing auto loans and mortgages as a new immigrant.
5. Family Budgeting & Healthcare
Navigate the complex US healthcare system, health insurance terms, and budgeting for your household.
6. Understanding US Taxes
Demystify US income tax systems, sales tax differences, and the distinction between W-2 employment and 1099 contracting.
7. Filing Your Tax Return
Learn how the IRS operates, how to choose your filing status, and how deductions and credits reduce your tax burden.
8. Educational Planning for Kids
Save for your children's future education tax-free with 529 plans, and understand FAFSA and scholarships.
9. Investing and Wealth Growth
Grow your assets in the US. Understand stocks, bonds, index funds, ETFs, and how brokerage accounts work.
10. Retirement Planning in Your 40s
It is not too late! Understand 401(k) plans, IRAs, Social Security credits, and how to catch up in your 40s.
11. Protecting Your Assets
Navigate US insurance policies, avoid scams targeting immigrants, and learn estate planning basics.
12. Starting a Business
Explore entrepreneurship in the US. Learn sole proprietorships vs. LLCs, business taxes, and access to funding.