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Re: Request for input on my portfolio

The funds are not too expensive, so keeping them is an option. If you can avoid that 1.5% you will do well. Check with Vanguard (or other firm) to see if you can transfer the funds directly "in kind" to them without selling. Be careful here, if you transfer to Vanguard...I tried this a fe...
by Red-y
Sun Nov 02, 2014 9:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Request for input on my portfolio
Replies: 12
Views: 1252

Re: Taxes/Exclusions on Foreign Unearned Income

US citizens are taxed on their worldwide income, no matter where they live and no matter where the income is sourced. Pension income is taxable...there is no amount that can be excluded. If the source country withholds or assesses taxes on the pension income, the taxes paid (or owed) to the other co...
by Red-y
Wed Oct 29, 2014 10:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Taxes/Exclusions on Foreign Unearned Income
Replies: 1
Views: 172

Re: Canadian citizen in the US - RRSP discussion

Every dollar is taxable in Canada because the funds sitting in the RRSP account have never been taxed. No complexity there whatsoever. On the US side, only the increase in the value of the account beyond your cost basis since becoming a US resident is taxable. Do you have records that would show you...
by Red-y
Mon May 12, 2014 11:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Canadian citizen in the US - RRSP discussion
Replies: 16
Views: 1314

Re: What funds available while living abroad?

And a thumbs-down on the idea of using a private mailbox at The UPS Store, Postal Annex, etc. I know; I've tried it. The brokerage houses use a database of known commercial addresses when you open a new account, cross-checking the address you provide with the database. You must provide a residential...
by Red-y
Mon May 12, 2014 5:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: What funds available while living abroad?
Replies: 6
Views: 506

Re: Canadian citizen in the US - RRSP discussion

Are you aware of the process to report withdrawals to both US/Canada when filing returns, if I were to cash out? On the US 1040, you would report the withdrawal on the Form 8891 and use Form 1116 Foreign Tax Credit to eliminate (at best, reduce at worst) any double taxation by the US. RRSP withdraw...
by Red-y
Mon May 12, 2014 2:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Canadian citizen in the US - RRSP discussion
Replies: 16
Views: 1314

Re: Canadian citizen in the US - RRSP discussion

Transferring your assets from one RRSP to another will cause you to pay US taxes. Why is that? If the OP has been properly reporting the RRSP account each year on Form 8891 when filing their US tax return (and it sounds like they have been), the RRSP account is treated in the US like it is in Canad...
by Red-y
Sat May 10, 2014 10:25 pm
 
Forum: Personal Finance (Not Investing)
Topic: Canadian citizen in the US - RRSP discussion
Replies: 16
Views: 1314

Re: Sold undeveloped land in 2013...how to report?

Don't worry about the tax form that the sale was reported on. To get this into TurboTax: -- under Investment Income, click Start (or Update) next to "Stocks, Mutual Funds, Bonds, Other" -- your sale of raw land is an "Other" -- keep telling TT you want to enter the details yourse...
by Red-y
Fri Jan 24, 2014 11:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sold undeveloped land in 2013...how to report?
Replies: 2
Views: 300

Re: Portfolio split between US & UK retirement accts - any t

I'm a US ex-pat also. For dealing with currency exchanges, I've had good luck with XETrade http://www.xetrade.com . It takes a bit of fussing to register and get the accounts you want to transfer money between set up, but once that's done their commissions are reasonable and the transactions execute...
by Red-y
Sun Dec 29, 2013 12:26 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio split between US & UK retirement accts - any tips?
Replies: 15
Views: 1286

Re: The Case for High Yield Bonds

I don't own them, but they are part of the market portfolio. Not owning them is somewhat of a tilt. I can see the benefits (mainly peace of mind that you are getting your fair share) from owning the market portfolio which would warrant a representative allocation to HY bonds. Would owning total bon...
by Red-y
Sun Dec 29, 2013 12:00 am
 
Forum: Investing - Help with Personal Investments
Topic: The Case for High Yield Bonds
Replies: 24
Views: 2079

Re: Roth IRA for Alien Wife

I'm fairly sure Vanguard is going to say she has to be resident in the US before they will open an account.
by Red-y
Wed Dec 11, 2013 9:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth IRA for Alien Wife
Replies: 6
Views: 543

Re: How many funds do you have in your portfolio?

Target allocation: 40% equities / 40% bonds / 10% REIT / 10% cash 2 accounts: traditional IRA + Roth IRA; 11 holdings total Vanguard Total Stock Mkt Vanguard Total International Stock Mkt Vanguard Sm Cap Value Vanguard FTSE All-world ex-US Sm Cap Vanguard High Yield Bond Vanguard ST Corp Bond iShare...
by Red-y
Mon Nov 11, 2013 4:48 pm
 
Forum: Investing - Theory, News & General
Topic: How many funds do you have in your portfolio?
Replies: 96
Views: 6325

Re: Canadians living in the US - Critique our portfolio?

I can offer some opinions: -- Your investment choices look fine to me; simple, inexpensive and appropriate for your ages. Some may say the 40% bonds is too conservative for a pair of 31 year-olds, but I'm assuming there is some risk involved in the single TFSA holding that may make going conservativ...
by Red-y
Sun Nov 10, 2013 11:56 am
 
Forum: Investing - Help with Personal Investments
Topic: Canadians living in the US - Critique our portfolio?
Replies: 8
Views: 592

Re: Expats, IRAs and FEIE

Here's another approach you might want to consider: don't use the FEIE but instead use Foreign Tax Credits to reduce or eliminate your US tax bill. Most countries have higher tax rates than the USA, despite the bellyaching you hear in America about high tax rates on individuals. It just isn't true. ...
by Red-y
Mon Nov 04, 2013 11:30 pm
 
Forum: Investing - Help with Personal Investments
Topic: Expats, IRAs and FEIE
Replies: 8
Views: 524

Re: re: going to Bryce/Zion (and a bit of Vegas)

If you are doing Bryce first then entering Zion at the east entrance, here's a suggestion for lodging, about 5 miles before the park entrance on Hwy 9: Zion Mountain Ranch http://www.zmr.com The lodging choices are pretty thin between Bryce and Zion along Highway 89...the little towns of Hatch, Orde...
by Red-y
Mon Aug 19, 2013 2:43 pm
 
Forum: Personal Consumer Issues
Topic: re: going to Bryce/Zion (and a bit of Vegas)
Replies: 42
Views: 2798

Re: transfering $ cnd to usa

If you need to do this more than once, consider setting up an account with xetrade.com. They will charge you less than the bank.
by Red-y
Mon May 27, 2013 12:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: transfering $ cnd to usa
Replies: 8
Views: 470

Re: Show us your M* Average MFund Exp Ratio %

.14 after making some changes earlier this year in accordance with helpful guidance from this forum.
by Red-y
Wed May 08, 2013 11:22 pm
 
Forum: Investing - Theory, News & General
Topic: Show us your M* Average MFund Exp Ratio %
Replies: 60
Views: 2189

Re: rrsp and IRS [Canadian working in US]

Actually, I am an expert. I prepare dozens of these forms every year for clients, as well as on my own personal 1040 return. In answer to the question , yes the form is required yearly for each RRSP account you hold. In subsequent years, tick the box 6(a) that says you have previously made the elect...
by Red-y
Sun Apr 28, 2013 12:47 pm
 
Forum: Personal Finance (Not Investing)
Topic: rrsp and IRS [Canadian working in US]
Replies: 6
Views: 736

Re: rrsp and IRS [Canadian working in US]

Just file an amended return (1040X) and send it in with Form 8891, U.S. Information Return for Beneficiaries of Certain Canadian Registered Retirement Plans. You tell the IRS the RRSP plan custodian's name and address, your account #, and the plan balance at the end of 2012. Tick the box 6(c) that s...
by Red-y
Sat Apr 27, 2013 9:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: rrsp and IRS [Canadian working in US]
Replies: 6
Views: 736

Re: Which brokerage account do you use to buy individual bon

Personally, I am not comfortable picking individual bonds. I used to work for Washington Mutual.
by Red-y
Mon Apr 22, 2013 3:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which brokerage account do you use to buy individual bonds?
Replies: 15
Views: 1232

Re: Which brokerage account do you use to buy individual bon

As of Friday April 19th, there's a new option that might be considered a middle ground between holding individual bonds and a bond mutual fund. The iShares target-date bond ETFs are now available. These are similar in structure and concept to the Guggenheim Bulletshares, but with an expense ratio of...
by Red-y
Mon Apr 22, 2013 2:08 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which brokerage account do you use to buy individual bonds?
Replies: 15
Views: 1232

Re: Advise Needed: Create DIY favoring International Index F

As part of working my plan to reach a target asset allocation, I plopped $72,000 into the Vanguard Total International ETF the other day and didn't twitch a bit. Buy things when you need them.
by Red-y
Sun Mar 31, 2013 9:19 am
 
Forum: Investing - Help with Personal Investments
Topic: Advise Needed: Create DIY favoring International Index Fund
Replies: 8
Views: 753

Re: Non-US-resident beginner with large initial investment

Is there a reason why you're not repatriating the proceeds of selling the company to New Zealand? That would simplify your tax life immensely. Are you planning to return to the US in the future and want to have money available there to fund expenses on your return?
by Red-y
Tue Mar 05, 2013 11:38 pm
 
Forum: Investing - Help with Personal Investments
Topic: Non-US-resident beginner with large initial investment
Replies: 15
Views: 1504

Re: FBAR and back tax returns for expat

See this link for the latest guidance from the IRS regarding inadvertent non-filing by US citizens living outside the US: http://www.irs.gov/uac/Instructions-for-New-Streamlined-Filing-Compliance-Procedures-for-Non-Resident-Non-Filer-US-Taxpayers I work for a well-known tax preparation firm, which r...
by Red-y
Wed Feb 27, 2013 11:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: FBAR and back tax returns for expat
Replies: 5
Views: 766

Re: Why can US citizen expats not invest w/Vanguard?

Is it any more expensive to hold Vanguard funds in Fidelity? My current 401K is with Fidelity and I assumed I would roll it over to Vanguard when I left the company and moved to Canada, but I don't want to pay more than what Vanguard charges. It's not more expensive to hold them, but Fidelity will ...
by Red-y
Sat Feb 16, 2013 11:44 pm
 
Forum: Investing - Theory, News & General
Topic: Why can US citizen expats not invest w/Vanguard?
Replies: 63
Views: 12781

Re: Why can US citizen expats not invest w/Vanguard?

As for the US mailing address, if you want to keep things above board, the important thing is to check the contract terms to see if they require US residency. Vanguard, for example, explicitly told me they require customers to be US residents , therefore merely having a US mailing address would not...
by Red-y
Fri Feb 15, 2013 1:07 am
 
Forum: Investing - Theory, News & General
Topic: Why can US citizen expats not invest w/Vanguard?
Replies: 63
Views: 12781

Re: What the best value in anti-virus software

Microsoft Security Essentials -- free, non-invasive, and generally "good enough" for most home users. +1 Unless you have some unusual security requirements, MSSE is the way to go. + another 1. Based on these comments, I kicked McAfee to the curb this afternoon and installed MSE. The incre...
by Red-y
Tue Feb 12, 2013 10:00 pm
 
Forum: Personal Consumer Issues
Topic: What the best value in anti-virus software
Replies: 63
Views: 5356

Re: 'Won the Game' but is this portfolio too conservative?

No offense intended, but I can see no reason at all for having so many funds. I would cut it down to 3 and not more than 5 funds, and I would keep them all with the same company for ease of paperwork. I know you've already decided to "slice and dice," but I think that's a needless and cou...
by Red-y
Tue Feb 12, 2013 5:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: 'Won the Game' but is this portfolio too conservative?
Replies: 30
Views: 4086

Re: 'Won the Game' but is this portfolio too conservative?

Just wanted to wrap this up and say thanks to everyone for all the help and suggestions. Here's what I'm planning to do for now...it's a bit simpler and definitely lower cost. The target allocation is now 30 stocks / 53 bonds / 7 REIT / 10 cash I reduced High Yield bond to 5%, switched to BSV instea...
by Red-y
Tue Feb 12, 2013 3:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: 'Won the Game' but is this portfolio too conservative?
Replies: 30
Views: 4086

Re: 'Won the Game' but is this portfolio too conservative?

I can't really help you with those questions. In the last crash, the High Yield Bond fund acted like a stock fund. The Total Bond Market didn't. But if you believe the fund has some qualities that make it somewhat bond like, going half and half or reducing the allocation to 5% are both more reasona...
by Red-y
Mon Feb 11, 2013 1:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: 'Won the Game' but is this portfolio too conservative?
Replies: 30
Views: 4086

Re: 'Won the Game' but is this portfolio too conservative?

I'm a Canadian citizen with a corporate career in the US, considering whether I will stay here permanently or for as long as I'm working. I could easily move back to Canada from an immigration perspective, but my biggest concern is the size of a portfolio that I will have accumulated here by that t...
by Red-y
Mon Feb 11, 2013 12:28 pm
 
Forum: Investing - Help with Personal Investments
Topic: 'Won the Game' but is this portfolio too conservative?
Replies: 30
Views: 4086

Re: 'Won the Game' but is this portfolio too conservative?

Taking risks and sitting tight during wild market swings is what got me to where I am today... You learned by your own experience in the last crash to count the high yield bonds as stocks. You think it won't happen again, just like last time? Why did you switch back? Since I'm upping my allocation ...
by Red-y
Mon Feb 11, 2013 12:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: 'Won the Game' but is this portfolio too conservative?
Replies: 30
Views: 4086

Re: 'Won the Game' but is this portfolio too conservative?

Are you counting that Vanguard High Yield Bond fund as stocks or bonds? These days I'm counting the VWEHX as bonds...when it was 12% of my total portfolio, I counted it as stocks. Starting to categorize it in the equities column was one of the painful lessons of 2008-2009! Maybe I should follow wha...
by Red-y
Sun Feb 10, 2013 6:18 pm
 
Forum: Investing - Help with Personal Investments
Topic: 'Won the Game' but is this portfolio too conservative?
Replies: 30
Views: 4086

Re: 'Won the Game' but is this portfolio too conservative?

Regarding SS. You mention a common law partner, but I suspect that the SS Administration would consider you single.... If you find the math works out that way for you as well, you might consider taking your SS at 62 instead of full retirement age. You should be finished with your 72(t) obligations ...
by Red-y
Sun Feb 10, 2013 5:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: 'Won the Game' but is this portfolio too conservative?
Replies: 30
Views: 4086

Re: 'Won the Game' but is this portfolio too conservative?

too much in Int'l (and developing intl) seems like you're using the guise of protecting against USD fx instead of what seems as a chasing yield play. If you were worried about USD:CAD longterm rates wouldn't you look into a specific CAD:USD type fund, Oil/Energy (to play on canada's petro link curr...
by Red-y
Sun Feb 10, 2013 4:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: 'Won the Game' but is this portfolio too conservative?
Replies: 30
Views: 4086

Re: 'Won the Game' but is this portfolio too conservative?

Are you covered by the Canadian health system? Seems to me living expenses could get really high if not. But maybe that's why you have it so low. Yes, fully covered since 90 days after moving here. I don't pay anything for doctors or hospitalizations; the monthly premiums for that coverage here in ...
by Red-y
Sun Feb 10, 2013 12:43 pm
 
Forum: Investing - Help with Personal Investments
Topic: 'Won the Game' but is this portfolio too conservative?
Replies: 30
Views: 4086

'Won the Game' but is this portfolio too conservative?

Hello all--This site has been a tremendous help in starting me on a path away from bad investor behavior. Thanks for all you do. Here's my situation: I immigrated to Canada 5 years ago after a corporate career in the US. I'm semi-retired and make about $10k/year at a seasonal job. My Social Security...
by Red-y
Sun Feb 10, 2013 1:48 am
 
Forum: Investing - Help with Personal Investments
Topic: 'Won the Game' but is this portfolio too conservative?
Replies: 30
Views: 4086

Re: Social Security earnings history now available online

It works beautifully as long as you live in the United States. I live in Canada and there is no provision for entering a foreign address to validate. There ARE other places in the world where Social Security future beneficiaries might live besides 'Murka, ya know?
by Red-y
Sat May 12, 2012 10:26 am
 
Forum: Personal Finance (Not Investing)
Topic: Social Security earnings history now available online
Replies: 97
Views: 7896

I've got a substantial amount (12% of my total portfolio) in VWEHX. It's a long term holding for me and I count it on the equity side of my asset allocation, not the bond side. And it can be volatile...during the 2008-2009 meltdown, it declined about 30% just like stocks. But the yield of 7% is pret...
by Red-y
Fri Aug 12, 2011 12:25 am
 
Forum: Investing - Theory, News & General
Topic: Do You Invest In Junk Bonds?
Replies: 40
Views: 5475

This seems like Vanguard are making things more difficult than they need to. ...It would appear that they will be losing out with people moving their IRAs to other custodians if they do not allow new contributions in and/or trading within the account. On a related point, how do distributions from a...
by Red-y
Sun Jan 02, 2011 11:36 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best place for US citizen in Canada to hold Roth IRA
Replies: 12
Views: 2428

I'm a US citizen, living in Canada for the past 3 years. I'm semi-retired and plan to stay here permanently. Fidelity will happily work with you as a non-resident. Some things, like buying new issue CDs, you'll have to do over the phone with them. Otherwise you can transact in your account (buy, sel...
by Red-y
Sun Jan 02, 2011 11:29 pm
 
Forum: Investing - Help with Personal Investments
Topic: Best place for US citizen in Canada to hold Roth IRA
Replies: 12
Views: 2428

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