Recently, my friend and I had a discussion about retirement planning. We are both approaching our 40s and have a young toddler. The scary part was that we will probably be in our 60s when our daughter start to have a stable job.

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One topic we discussed was estate taxes on custodial accounts for non-U.S. citizens. It is important to be aware that there is a 40% estate tax on foreign nationals with over $60,000 in U.S. assets. This tax could potentially deplete any gains we accumulate over time. Therefore, we understood the need to devise a sound plan to ensure we maintain our wealth in retirement.  While long-term investing generally has positive outcomes, I believe it will be necessary to withdraw funds from those accounts at a certain stage. However, after withdrawing those funds, where else should the money be directed? The next destination should...