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Creative alternatives to traditional expatriate assignments

2014 July 16
by jfunaro

expat_02Just a little over a decade ago, traditional three- to five-year expatriate assignments were plum positions afforded to up-and-coming long-term employees. Generous relocation packages, compensation and perks for their family while abroad, combined with a top position when they returned home often spelled a financial boon.

Enter 2000: The very real threat of terrorism, down economies, cost-cutting measures, stricter tax and immigration rules, and exploding technologies that tie people together without leaving their offices all combined to make generous expat-assignment packages an easy target to slash. read more…

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Accomplishing your firm’s objectives through talent mobility

2014 July 10
by jfunaro

international-businessTalent mobility is a phrase that has quickly become part of our daily business jargon. Our world is flat, many corporations have offices all over the globe, and the best and brightest candidates for a job might be scattered around the world, a fact we in the relocation business know all too well. Talent mobility is the key to recruiting the best talent and keeping a company’s existing best and brightest committed to the corporation. read more…

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Relocating? Should you rent or buy?

2014 June 6

 

Community of mutli coloured paper houses in a circleIf the real estate crash taught us anything, it’s that the old rules don’t work anymore, especially for those dealing with a relocation. Recently, TRC has seen a number of transferees opting to rent in a new location rather than buy. Many more have stopped looking at a house as an investment, but rather the place they call home.

The New York Times recently conducted an analysis that found in many of largest metro areas in the United States – New York City, the San Francisco Bay area, Los Angeles, Boston, Miami and Washington, D.C. – prices have risen so quickly that buying property is beginning to look like a perilous investment, with some experts concerned that a price correction is in the offing. read more…

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Boom town or bust: America is a mixed-bag when it comes to home sales

2014 May 5
by jfunaro

iStock_000014239970Small (2)
Job growth. New construction. When it comes to hot U.S. housing markets, the two go hand-in-hand. Although home prices are still creeping up, the latest Standard & Poor’s Case-Shiller 20-city index reports that they rose more slowly this February than a year ago. Many experts point to the harsh winter that kept home buyers in front of the fireplace rather than out buying another home, and are hoping that the spring market will heat up home sales.

Online real estate site company Zillow took a look at recent data and reports that this spring it’s a seller’s paradise in five areas of California, San Jose, San Francisco’s Bay Area, Riverside, Los Angeles and Sacramento, and two areas in Texas, San Antonio and Dallas-Fort Worth. Other cities enjoying robust home sales include Seattle, Wash., Denver, Colo., and Washington, D.C. read more…

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Relocation and the Common Core Standards

2014 April 8
by jfunaro

Schoolhouse mod“How are the schools?” is one of the first questions relocating employees consider, and one we at TRC face daily. It is why we are interested in the Common Core – new academic standards in English language arts and math that 44 states and the District of Columbia are implementing. And although the debate is still raging about whether Common Core is good or bad, one aspect that has gotten little attention is its potential impact for people on the move.

An average American moves more than 10 times during his lifetime, which means that many people are moving with their children, and those children are changing schools. The hope is that with the Common Core Standards, the inconsistencies between school systems and states will not be as glaring as they were pre-Common Core. read more…

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The dreaded alternative minimum tax: Prepare now for April, 2015

2014 March 26

It might seem way too early to think about 2015, but when it comes to taxes, now is the perfect time.

april15
Many of the employees of our relocation clients were hit with a heavier tax burden this year, just some of the 3.9 million Americans that had to pay the dreaded alternative minimum tax, aka AMT. Under our dual tax system, taxpayers have to pay whichever amount is higher – regular income tax or AMT. The AMT does not allow many of the deductions allowed on regular returns – personal exemptions, standard deductions and deductions for state and local taxes paid.

read more…

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Sprucing up your home for sale before a relocation

2014 March 12

Home Improvements
You’ve just been told you’re relocating. Next on the list is readying your home for sale, which often includes some repairs. What to fix, how much to invest, and how extensive the repairs are perennial questions that plagued homeowners.

TRC Global Solutions offers these suggestions:

Home inspection: Doing a home inspection before a house goes on the market shows prospective buyers that you care for your home and have kept up on maintenance. Fix any repairs the inspector finds, and document this in any sales literature. read more…

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REGISTER NOW FOR COMPLIMENTARY TRC WEBINAR, NAVIGATING TODAY’S MORTGAGE MARKET: STRAGEGIES FOR SUCCESS

2014 February 21

April 15, 2014  Webinar to Focus on Qualified Mortgages, Changing Rates and More

After a fairly stable period of stringent mortgage requirements but historically low rates, changes are brewing in the mortgage industry once again. To help transferees succeed in today’s market, it’s important to have a thorough understanding of today’s evolving options, rules and regulations.

Recognizing this, TRC Global Solutions (TRC), a leading relocation management company, will sponsor the webinar, Navigating Today’s Mortgage Market: Strategies for Success, on April 15, 2014 from 2:00-3:00 p.m. EST. read more…

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Qualified mortgages and what they mean for relocation

2014 February 19

QMRelocation comes with a lengthy to-do list and its own lingo. Last month, two new words were added to the language of relocation – qualified mortgages – the new rules that now govern who gets approved for a loan and who doesn’t.

So what’s a qualified mortgage, commonly called QM in the world of relocation, banks and real estate?

New rules

The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act created the Consumer Financial Protection Bureau, which wrote the newly enacted rules on how mortgages are approved. All lenders must now assess income, assets, credit history, other debt obligations and employment status. If lenders do not follow through on these evaluations, borrowers who cannot make their mortgage payments can contest foreclosures on the grounds that the lenders did not properly judge their financial standings and risk. read more…

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TRC Global Solutions Offers 15 Steps for a Stress-less Relocation for Your Pet

2014 January 30

Relocating, no matter the distance, is stressful for everyone, including your pets.

gI_95068_TRC Relocation of Pets“How to safely move pets is a question we are asked over and over again,” says Jerry Funaro, vice president of global marketing for TRC Global Solutions, Inc., a global mobility firm based in Milwaukee, Wis. “Pets are members of the family, and their safety and health is a critical part of a successful relocation.”

According to the Humane Society of the United States, pets are sensitive by nature: If you’re stressed, so are they. Relocating pets from the safe confines of your home takes understanding, care and an investment of time that starts long before moving day.

TRC has developed a 15-point checklist to make a pet’s transition to a new home seamless and less stressful. (If you’re planning to move a pet to another country, remember that rules and regulations vary widely from country to country. Some countries impose quarantine requirements and some make it very difficult or impossible to bring in specific breeds or pets in general. It’s important to research the host country’s requirements well in advance.) read more…

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