Reilly Financial Advisors has partnered with employees of Saudi Aramco for almost five decades, bringing comprehensive wealth management and financial planning strategies customized to your unique situation as an employee of Aramco right to your door. We’re thrilled to continue this legacy as a part of Creative Planning. Whether you’ve just arrived or have been living in Saudi Arabia for decades, we can help you answer meaningful questions, such as these.
How long should I work for Saudi Aramco before retiring? Am I saving enough in my Aramco Savings Plan? How should the funds in my plan be invested?
Your detailed financial plan will answer these questions and help you to lay out a successful path to retirement. To create your plan, we’ll start with a thorough analysis of your current financial situation, then we’ll help explore and define your short-term versus long-term goals. Finally, we’ll provide you with a clear road map to achieving these goals and work with you every step of the way to enact our customized recommendations.
Having the confidence to reach your goals is only part of the value your financial plan can provide. Our recommendations also cover Social Security optimization, reducing current and future tax burdens, improving portfolio management, ensuring you have proper insurance coverage, and a review of your estate plan. It’s never too early to start planning so that you’ll have peace of mind as you make important financial decisions as well as ongoing support for any curveballs life may throw your way.
How can I simplify my financial life while living abroad?
Living and working abroad can cause complications that clients residing domestically don’t encounter. Examples include obtaining appropriate insurance for your U.S. assets, determining where and how to invest your U.S. assets, executing an effective estate plan and navigating the best option to save for your child’s college education. It’s important to work with a financial advisor who understands the nuance of these issues and can help ensure all aspects of your financial life are working together cohesively. At Creative Planning, we provide a comprehensive approach and advise on all pieces of your financial life.
What should I do with my U.S. investments while working abroad?
Over the past decade — and especially in the last few years — you may have noticed that U.S.- based financial institutions have not been keen on housing accounts if you don’t have a U.S. address. Increased reporting requirements brought on by the Foreign Account Tax Compliance Act (FATCA) have caused many financial institutions to shutter their doors to U.S. expats living abroad. However, our long-standing relationships allow us to open accounts and manage investments on behalf of our clients, even when they don’t have a U.S. address.
Am I taking full advantage of the benefits provided by Saudi Aramco?
From the Aramco Savings Plan to life insurance and disability options, we can confidently say there’s no other independent advisor that understands Saudi Aramco employee benefits as thoroughly as we do. Our team has an intimate understanding of the unique lifestyle, benefits and challenges experienced by Aramcons from the start of their employment to the end of their career and on through retirement.
Our next article will delve into the advantages of working with Creative Planning throughout retirement.
If you or someone you know could benefit from our expertise, we’re currently scheduling meetings in Kingdom for November; please email gabrielle.reilly@creativeplanning.com.