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Re: 33 year old NRA (treaty) investor needs help

What do you mean by practicality issues? The fact that physically I will be at an age that may be challenging or the cost of doing so. I am not sure how much foreign tax I can write off -- I need to check with a financial adviser who is savvy on US/Irish tax. The thing is even if things are OK now ...
by TedSwippet
Fri Apr 24, 2015 2:23 am
 
Forum: Investing - Help with Personal Investments
Topic: 33 year old NRA (treaty) investor needs help
Replies: 6
Views: 678

Re: 33 year old NRA (treaty) investor needs help

...Regarding treaty investing, you might find the Netherland's Wiki page useful. You did not mention which country you live in, but tax treaties, AFAIK, also increase the 60k estate tax cap. I believe Australia's treaty was up to $5m or so. Just to be clear, there are 'normal' tax treaties , coveri...
by TedSwippet
Thu Apr 23, 2015 4:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: 33 year old NRA (treaty) investor needs help
Replies: 6
Views: 678

Re: Which brokers trade dollar listed ETFs on London Stock

Or are you saying that upon death, the position (still non-US domiciled) passes into the control of the beneficiary, who is then free to transfer the US-situs cash or non-US situs stock to his/her account? That one, in my experience -- based on a sample set of one. At death of an account holder a U...
by TedSwippet
Sun Apr 19, 2015 4:03 am
 
Forum: Investing - Help with Personal Investments
Topic: Which brokers trade dollar listed ETFs on London Stock Exch
Replies: 38
Views: 2011

Re: Which brokers trade dollar listed ETFs on London Stock

This paper , among others, lists the major lowlights of US estate taxes for NRAs. Extract of the US situs assets section: U.S. Situs Assets for Estate Tax Purposes: The following is a partial list: ... Shares of stock of U.S. corporations, ... Mutual funds (including money market funds) organized i...
by TedSwippet
Sat Apr 18, 2015 5:15 pm
 
Forum: Investing - Help with Personal Investments
Topic: Which brokers trade dollar listed ETFs on London Stock Exch
Replies: 38
Views: 2011

Re: Which brokers trade dollar listed ETFs on London Stock

Thanks, but if I open an account in Interactive, which is an USA company, won't I be liable for 35% estate tax on my assets over $60,000 upon my death? It's... complicated. Are you a non-US person (that is, neither a US citizen nor green card holder? Do you live in a country without an estate tax t...
by TedSwippet
Fri Apr 17, 2015 3:30 am
 
Forum: Investing - Help with Personal Investments
Topic: Which brokers trade dollar listed ETFs on London Stock Exch
Replies: 38
Views: 2011

Re: How to invest with Euros?

mspadorchard wrote:One of my sons has been working in Europe and is now coming back to the USA to start a Phd program. ... Perhaps a Vanguard European Mutual fund ...

http://thunfinancial.com/why-americans-should-never-ever-own-shares-in-a-non-us-incorporated-mutual-fund/
by TedSwippet
Fri Apr 17, 2015 2:05 am
 
Forum: Investing - Help with Personal Investments
Topic: How to invest with Euros?
Replies: 5
Views: 412

Re: Estate tax question for Non US citizen

Any ideas or even tickers for an equivalent Vanguard UK or Ishares "VEU" or "VXUS" equivalent. I'm tryimg to get exposure to developed market and emerging market stock without exposure to any US stock. It sounds like you don't have your view of the US estate tax quite straight y...
by TedSwippet
Fri Apr 17, 2015 1:40 am
 
Forum: Investing - Help with Personal Investments
Topic: Estate tax question for Non US citizen
Replies: 4
Views: 404

Re: Estate tax question for Non US citizen

Welcome to the forum. There are two wiki articles that should help: http://www.bogleheads.org/wiki/Nonresident_alien_taxation http://www.bogleheads.org/wiki/Nonresident_alien_with_no_US_tax_treaty_%26_Irish_ETFs In a nutshell, avoid US-domiciled ETFs entirely. Concentrate instead on EU-domiciled one...
by TedSwippet
Thu Apr 16, 2015 5:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Estate tax question for Non US citizen
Replies: 4
Views: 404

Re: EU/Int'l - Saxo Bank alternatives without custody fees

...Surely also, as time progresses the US will recogise that making things easier for NRAs to invest in the US is beneficial? Honestly, I don't think it will. Over the nearly 20 years I've been watching this, US tax law for NRAs has consistently worsened. I can't see any prospect of an immediate re...
by TedSwippet
Mon Apr 13, 2015 10:09 am
 
Forum: Investing - Help with Personal Investments
Topic: EU/Int'l - Saxo Bank alternatives without custody fees
Replies: 45
Views: 2715

Re: EU/Int'l - Saxo Bank alternatives without custody fees

neobavesten wrote:...For us who want to trade on LSE
London (SETS, AIM) Per order and per block from 0 to £ 50.000 £ 29,95 (+ 0,50% "stamp duty" for each buy order)

Worth noting that 0.5% stamp duty generally applied to UK shares does not apply to ETF purchases.
by TedSwippet
Mon Apr 13, 2015 6:12 am
 
Forum: Investing - Help with Personal Investments
Topic: EU/Int'l - Saxo Bank alternatives without custody fees
Replies: 45
Views: 2715

Re: How to be a Boglehead in Germany

...It's domiciled in Ireland. And in this case I am pretty worried because of the Irish Double Taxation agreement. Should I? No. Ireland-domiciled ETFs are exempt from Irish dividend withholding. Also, I noticed an error way upthread: ...but most importantly 2/ the US tax authorities will claim an ...
by TedSwippet
Sun Apr 12, 2015 3:37 am
 
Forum: Investing - Theory, News & General
Topic: How to be a Boglehead in Germany
Replies: 18
Views: 4050

Re: Taxes: Investing into the US as a US citizen vs. foreign

As a non-citizen in a non-treaty country you can get your US withholding down to from 30% to 15% by using a fund domiciled in Ireland (VUSD.L), but that's about as good as you can achieve. If your wife holds a US fund (NY:VOO), she gets dividends gross but must include them on her annual US return a...
by TedSwippet
Sat Apr 11, 2015 3:48 am
 
Forum: Investing - Help with Personal Investments
Topic: Taxes: Investing into the US as a US citizen vs. foreigner
Replies: 1
Views: 410

Re: Need help for Indian markets

So i guess it only makes sense to take a citizenship if you are going to spend the rest of your life in the US and not re-locate abroad (cause then you might have to open a bank a/c in a foreign country). Doesn't this limit the opportunities a US citizen can take in an increasingly globalized world...
by TedSwippet
Fri Apr 10, 2015 3:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Need help for Indian markets
Replies: 28
Views: 2587

Re: [Resident Alien] Taking Money out of Retirement Savings

Currency risk. Local spending. Home country bias. If you withdraw it all in one tax year, you'll save a ton of tax filing and headaches. Simplicity. Why would leaving the money in a U.S. retirement account create a ton of tax filing and headaches? The tax that is levied in the OP's situation (appar...
by TedSwippet
Fri Apr 10, 2015 2:13 am
 
Forum: Investing - Help with Personal Investments
Topic: [Resident Alien] Taking Money out of Retirement Savings
Replies: 17
Views: 1084

Re: Need help for Indian markets

Do not take your Greencard with the naive assumption that you can complete the residency requirements, get your citizenship and then go back to your country of origin (with your US investments). You will have to pay exit tax if you do that. Not exactly. If you only get as far in the process as a gr...
by TedSwippet
Wed Apr 08, 2015 3:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Need help for Indian markets
Replies: 28
Views: 2587

Re: [Resident Alien] Taking Money out of Retirement Savings

My home country does not have a tax treaty with US. And definitely nothing specific on retirement accounts. Then 30% flat US withholding tax on withdrawals. You'll need to check carefully how your home country will tax 'offshore' retirement savings. Some are benign, some ambivalent, and some are dr...
by TedSwippet
Wed Apr 08, 2015 10:31 am
 
Forum: Investing - Help with Personal Investments
Topic: [Resident Alien] Taking Money out of Retirement Savings
Replies: 17
Views: 1084

Re: [Resident Alien] Taking Money out of Retirement Savings

What is going to be best depends entirely on where you live when you make these withdrawals. Does your home country have a tax treaty with the US? If yes, what does it say about retirement accounts? Something? Nothing? The way retirement savings are handled (or mis-handled, or simply ignored) by tre...
by TedSwippet
Wed Apr 08, 2015 10:09 am
 
Forum: Investing - Help with Personal Investments
Topic: [Resident Alien] Taking Money out of Retirement Savings
Replies: 17
Views: 1084

Re: UK Pension question - using Vaguard LifeStrategy funds

One other thought. Age in bonds is considered a bit passé. Minus 10 or even minus 20 seems to be more the fashion these days.
by TedSwippet
Wed Apr 08, 2015 6:41 am
 
Forum: Investing - Help with Personal Investments
Topic: UK Pension question - using Vaguard LifeStrategy funds
Replies: 5
Views: 415

Re: UK Pension question - using Vaguard LifeStrategy funds

... are you aware of anything similar available in the UK that does roughly the same thing? Vanguard were the cheapest I could find, but not sure if I'm missing anthing obvious. Not really. Blackrock seems to claim to offer some lifestyle-ish funds, but if they exist they don't appear to be availab...
by TedSwippet
Wed Apr 08, 2015 6:12 am
 
Forum: Investing - Help with Personal Investments
Topic: UK Pension question - using Vaguard LifeStrategy funds
Replies: 5
Views: 415

Re: UK Pension question - using Vaguard LifeStrategy funds

I wouldn't say starting at 36 is too late. I would however suggest that you consider putting in as much as you can up to the £40k annual limit as possible now, before the government changes the rules yet again . Shrinking the annual allowance is one of their favourite hobbies at the moment, and once...
by TedSwippet
Wed Apr 08, 2015 5:13 am
 
Forum: Investing - Help with Personal Investments
Topic: UK Pension question - using Vaguard LifeStrategy funds
Replies: 5
Views: 415

Re: Need help for Indian markets

... I would have loved to stay on in the US but my parents' old age means that I have to return to India after 5 years. So some of these laws seem unfair wrt a person's personal situation. Apart from the country not being India this was exactly my position in 2008. I made a conscious decision to le...
by TedSwippet
Wed Apr 08, 2015 2:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Need help for Indian markets
Replies: 28
Views: 2587

Re: Need help for Indian markets

...We currently have a green card and will be going back to India after we get our citizenship after 5 years. ... So will Indian ETFs be the only option for me once I am back in India? Or can I invest in MFs too? Holding any non-US funds or ETFs invariably leads to a spectacularly poor US tax outco...
by TedSwippet
Mon Apr 06, 2015 3:41 am
 
Forum: Investing - Help with Personal Investments
Topic: Need help for Indian markets
Replies: 28
Views: 2587

Re: Wiki Review: NRA taxes & Ireland funds articles

Very nice job. Thanks for putting this together. On this point: L1TW for VUSA can be also calculated using it's Annual Report [15]. For 2014, Foreign Withholding Tax (7,721,652) divided by Dividend Income (52,371,805) = 14.74%. If anyone knows why it's not 15.0% on the dot, please message me (amerk8...
by TedSwippet
Thu Apr 02, 2015 2:56 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki Review: NRA taxes & Ireland funds articles
Replies: 18
Views: 1663

Re: EU International Investor - Portfolio Review and Suggest

Be sure to check your home country's tax treatment of VWRD and IUAG. Both are UCITS funds, which leads you to think they will be trouble-free, but some EU countries have protectionist laws which undermine UCITS. If your home country does have unfavourable laws for these funds, you will need to be pr...
by TedSwippet
Tue Mar 31, 2015 3:17 am
 
Forum: Investing - Help with Personal Investments
Topic: EU International Investor - Portfolio Review and Suggestions
Replies: 19
Views: 1052

Re: Is it worth investing in U.S. bond etf for USA-NRA?

... aren't USA-NRAs taxed at 30% for interest on CDs? Normally no, so what galeno said. From this page : U.S. Source Interest Income that is not connected with a U.S. trade or business is excluded from income if it is from: Deposits (including certificates of deposit) with persons in the banking bu...
by TedSwippet
Sun Mar 29, 2015 7:44 am
 
Forum: Investing - Help with Personal Investments
Topic: Is it worth investing in U.S. bond etf for USA-NRA?
Replies: 4
Views: 413

Re: EU/Int'l - Saxo Bank alternatives without custody fees

My suspicion is that somewhere between the court orders and transferring the assets to an Estate account the 45%-55% cut happens. Not that seamless. I have lived this process, so I can describe how things go. When a US broker learns of the death of an account holder, they may 'freeze' the account u...
by TedSwippet
Sun Mar 29, 2015 4:03 am
 
Forum: Investing - Help with Personal Investments
Topic: EU/Int'l - Saxo Bank alternatives without custody fees
Replies: 45
Views: 2715

Re: NRA [Nonresident Alien] investing for the average Joe

One other thought, on governments changing the rules on investors. In recent years US tax laws have become increasingly antagonistic towards foreign investors. FATCA provides a good example. FIRPTA another (although that only applies to real estate, so not something an ETF holder need worry about). ...
by TedSwippet
Fri Mar 27, 2015 5:28 am
 
Forum: Investing - Theory, News & General
Topic: NRA [Nonresident Alien] investing for the average Joe
Replies: 13
Views: 1681

Re: NRA [Nonresident Alien] investing for the average Joe

Good thoughts upthread. As one of those guilty of what you charge, I'll just add a few of my own on a couple of things nobody has mentioned so far. This is a US centric site, so of course focuses on what is best for the US investor, but NRAs have different considerations. They (we!) also have, in so...
by TedSwippet
Fri Mar 27, 2015 3:07 am
 
Forum: Investing - Theory, News & General
Topic: NRA [Nonresident Alien] investing for the average Joe
Replies: 13
Views: 1681

Re: Risks buying intl denominated in non-home currency?

...The extreme alternatives are: A) Roll over to an IRA and leave the money in the US until I'm 59.5 and at that point start withdrawing and paying US taxes. B) Take everything out at move time and pay US taxes and the 10 % penalty up front. For some reason, I always intuitively weighed the home bi...
by TedSwippet
Tue Mar 24, 2015 7:17 am
 
Forum: Investing - Help with Personal Investments
Topic: Risks buying intl denominated in non-home currency?
Replies: 5
Views: 474

Re: Irish-domiciled ETFs with low expense ratio?

No recommendations on alternative Ireland domiciled ETFs either way, but a couple of observations that might help your process... Firstly, you can achieve your 70% US and 30% international by mixing VUSD and VWRD to account for the overlapping US component of VWRD. VWRD is 50% US, so holding 60% VWR...
by TedSwippet
Tue Mar 24, 2015 3:53 am
 
Forum: Investing - Help with Personal Investments
Topic: Irish-domiciled ETFs with low expense ratio?
Replies: 9
Views: 644

Re: EU/Int'l - Saxo Bank alternatives without custody fees

... I am Australian but am a "non-resident" for tax purposes"and only have to pay tax on my investments in Australia (where I have some managed funds at present). I am situated outside of Australia in the UAE so no tax is payable on earnings, investments etc I currently earn outside ...
by TedSwippet
Mon Mar 23, 2015 6:53 am
 
Forum: Investing - Help with Personal Investments
Topic: EU/Int'l - Saxo Bank alternatives without custody fees
Replies: 45
Views: 2715

Re: EU/Int'l - Saxo Bank alternatives without custody fees

...(although my home tax country is Australia and I am a non-resident for tax purposes at the moment) ... I am awaiting the outcome of the tax questions you pose in a few other threads as well about the Ireland based investments in ETFs. As long as you avoid USA domiciled ETFs and use Ireland-UK do...
by TedSwippet
Sun Mar 22, 2015 2:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: EU/Int'l - Saxo Bank alternatives without custody fees
Replies: 45
Views: 2715

Re: EU/Int'l - Saxo Bank alternatives without custody fees

... Heck, even China and Russia keep pretty much everything they have in US Really? Because even as I write this, China is busily setting up its own Asian Infrastructure Investment Bank as a direct challenge to US and World Bank dominance. And despite sour grapes on the part of the US , many (in fu...
by TedSwippet
Thu Mar 19, 2015 1:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: EU/Int'l - Saxo Bank alternatives without custody fees
Replies: 45
Views: 2715

Re: EU/Int'l - Saxo Bank alternatives without custody fees

...Is it simpler to invest through EU broker and Ireland ETFs via LSE, or am I over thinking it? There's a grey area between sensible caution and paranoia, and while you may have gone far, far into sensible caution I don't see paranoia here. There are, as you rightly state, a lot of US tax law deta...
by TedSwippet
Thu Mar 19, 2015 8:57 am
 
Forum: Investing - Help with Personal Investments
Topic: EU/Int'l - Saxo Bank alternatives without custody fees
Replies: 45
Views: 2715

Re: Portfolio advice. Jordan/Int'l resident (no US tax treat

I'm in the EU so my iShares holdings would (if necessary) be covered by the UK/Ireland tax treaty, UCITS, and other EU fund 'passporting'. However, nothing I have read points to any Irish tax on dividends from ETFs domiciled in Ireland, and everything points the other way. Ireland goes out of its wa...
by TedSwippet
Mon Mar 16, 2015 5:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice. Jordan/Int'l resident (no US tax treaty)
Replies: 79
Views: 4930

Re: Is tax loss harvesting applicable to foreign-listed ETFs

What do you mean by "Canadian- and European-listed ETFs"? Are any of your holdings not US-domiciled?
by TedSwippet
Mon Mar 16, 2015 1:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is tax loss harvesting applicable to foreign-listed ETFs?
Replies: 4
Views: 369

Re: Portfolio advice. Jordan/Int'l resident (no US tax treat

Have you researched how Ireland taxes Irish sourced income owned by non-residents..... http://www.fund-academy.com/fa_admin/publikation/anhang/iShares%20ETF%20due%20dilligence.pdf " Withholding tax at fund level The country of domicile of the ETF may impose a withholding tax on any distributio...
by TedSwippet
Fri Mar 13, 2015 10:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio advice. Jordan/Int'l resident (no US tax treaty)
Replies: 79
Views: 4930

Re: Non-resident alien, 22 looking for substitutes to 401k/I

The US has tax treaties with most countries and retirement accounts are often well covered so you can maintain them in the US and keep the tax deferral until you retire... This does not defuse the US estate tax landmine. If you move back home and then have the poor judgement to die before retiring ...
by TedSwippet
Mon Mar 09, 2015 11:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Non-resident alien, 22 looking for substitutes to 401k/IRAs
Replies: 6
Views: 589

Re: Non-resident alien, 22 looking for substitutes to 401k/I

...After reviewing the wiki and other forum topics it seems like if I do return back to my home country anytime in the near future, investing and contributing to my company’s 401(k) or IRAs isn’t the most convenient way to go, thanks to the high penalties and documentation that would be required at...
by TedSwippet
Mon Mar 09, 2015 6:50 am
 
Forum: Investing - Help with Personal Investments
Topic: Non-resident alien, 22 looking for substitutes to 401k/IRAs
Replies: 6
Views: 589

Re: Choosing an EU stock exchange

... Are you sure this is no concerned at all? E.g. maybe it gets paid on ETF share creation, whereby you'd probably end up paying a good chunk of it. This should be visible in ETF premiums, but the EU markets and the broker are so opaque that I'm not even sure where to look. Market makers, who crea...
by TedSwippet
Mon Mar 09, 2015 4:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Choosing an EU stock exchange
Replies: 7
Views: 641

Re: US-citizen living abroad... can i invest in ETFs?

...Yet the problem exists. ..." Why on earth would anyone want to provide a USA bank with a foreign address?! I have a USA address. As for FinCen, I am of no interest to these folk! Not everyone has a US address. Stating that this is not currently a problem for you doesn't mean that it is not ...
by TedSwippet
Sat Mar 07, 2015 11:51 am
 
Forum: Investing - Help with Personal Investments
Topic: US-citizen living abroad... can i invest in ETFs?
Replies: 19
Views: 1009

Re: US-citizen living abroad... can i invest in ETFs?

https://americansabroad.org/files/7013/3589/7836/banka.pdf "During Overseas Americans Week 2009, meetings were held with the American Bankers Association (ABA) and with FinCen in the Treasury Department (Financial Crimes Enforcement Network, the office that develops regulations for U.S. bankin...
by TedSwippet
Sat Mar 07, 2015 11:10 am
 
Forum: Investing - Help with Personal Investments
Topic: US-citizen living abroad... can i invest in ETFs?
Replies: 19
Views: 1009

Re: Choosing an EU stock exchange

- Am I correct that there is a Stamp Duty for trading ETFs on the LSE, and if so, how much? For ETFs specifically, there is no stamp duty. From this document : "Free of UK stamp duty when traded on the secondary market". - Should I consider other factors when choosing on which exchange to...
by TedSwippet
Fri Mar 06, 2015 4:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Choosing an EU stock exchange
Replies: 7
Views: 641

Re: Investing pounds - don't live in UK

Eventually, my plan was to get ETFs listed in Dublin (and some others that are in foreign currencies) simply for diversification. (And with the hope of travelling the world after retirement without having as much currency risk). It would not be a large amount. You mentioned taxes. Is this something...
by TedSwippet
Wed Mar 04, 2015 8:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing pounds - don't live in UK
Replies: 6
Views: 610

Re: ETFs for a non US resident

Nothing has changed since this discussion.

The US has not repealed or otherwise altered its estate tax for non-resident aliens and shows no sign of doing so in future, despite cogent arguments that the current regime is bad policy.
by TedSwippet
Wed Feb 11, 2015 10:17 am
 
Forum: Investing - Help with Personal Investments
Topic: ETFs for a non US resident
Replies: 1
Views: 234

Re: Canadian index fund

boglegams wrote:I am a US citizen ... considering parking the CAD on a Canadian index fund ...

http://thunfinancial.com/why-americans-should-never-ever-own-shares-in-a-non-us-incorporated-mutual-fund/
by TedSwippet
Wed Feb 04, 2015 10:09 am
 
Forum: Investing - Help with Personal Investments
Topic: Canadian index fund
Replies: 6
Views: 666

Re: [EU] Considerations for not buying US domiciled ETFs? FA

... I think I have enough information to make the trade-off as of this moment,... One further thought that occurs, after reading my posts above. So far the only point of discussion has been the interaction between US and non-US taxes on dividends. There is at least one other factor to consider, and...
by TedSwippet
Sun Feb 01, 2015 7:13 am
 
Forum: Investing - Help with Personal Investments
Topic: [EU] Considerations for not buying US domiciled ETFs? FATCA?
Replies: 12
Views: 972

Re: [EU] Considerations for not buying US domiciled ETFs? FA

...I am aware that in my case the FATCA-related information will first go to my national tax institution ... To clarify, banks and other non-US financial institutions should only be reporting FATCA data on US persons . The definition of 'US person' is sweeping, but fully includes any US resident, a...
by TedSwippet
Sat Jan 31, 2015 7:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: [EU] Considerations for not buying US domiciled ETFs? FATCA?
Replies: 12
Views: 972

Re: [EU] Considerations for not buying US domiciled ETFs? FA

If both VT and VWRD are paying a dividend of 2%, if I hold VT I get 70% (1.4%). What do I get if I hold VWRD at the USA domiciled broker IB (Interactive Brokers)? 85% (1.7%) or 100% (2.0%)? That seems like a simple question, but it is not. There are a lot of moving parts to consider. VT and VWRD tr...
by TedSwippet
Sat Jan 31, 2015 5:35 pm
 
Forum: Investing - Help with Personal Investments
Topic: [EU] Considerations for not buying US domiciled ETFs? FATCA?
Replies: 12
Views: 972
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