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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: 334

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: 40
Views: 2094

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: 11
Views: 1277

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: 11
Views: 1277

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: 460

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: 608

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: 40
Views: 2094

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: 40
Views: 2094

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: 40
Views: 2094

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: 40
Views: 2094

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: 61
Views: 3252

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: 3
Views: 292

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: 61
Views: 3252

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: 557

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: 557

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: 626

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: 929

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: 929

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: 626

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: 579

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: 233

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: 641

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: 913

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: 913

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: 913

Re: Another UK Based Newbie Requesting Portfolio Advice

... Tax Rate : 20% (But may tip over to the 40% tax bracket when I complete my Self assessment Tax return next January) If into the 40% band, maybe consider additional pension contributions to gain tax relief at that rate. AVCs into your current employer scheme might be an option, but experience ha...
by TedSwippet
Mon Jan 12, 2015 7:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Another UK Based Newbie Requesting Portfolio Advice
Replies: 2
Views: 478

Re: Expat Abroad, Euro & PFIC

Assuming you don't want to renounce your US citizenship, you may well be in something of a bind if you try to invest anywhere in low-cost funds or ETFs. The US PFIC rules convert all your returns, both dividend and capital gain, into 'income' that is taxed annually and at the highest rate possible -...
by TedSwippet
Thu Jan 08, 2015 9:07 am
 
Forum: Investing - Theory, News & General
Topic: Expat Abroad, Euro & PFIC
Replies: 1
Views: 393

Re: Investing from abroad (London, UK)

1. How can I start to invest from London? Is it any different than if I was in the US? Which ones are the biggest differences? The main ideas still hold -- diversify, rebalance, stay the course, and so on. The details will differ considerably though, but it's hard to pick on any one area since ther...
by TedSwippet
Tue Jan 06, 2015 6:05 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing from abroad (London, UK)
Replies: 7
Views: 918

Re: Holding both Euros and US Dollars

What Valuethinker said. In addition... ... if you are a US citizen, green card holder, or other US 'taxable person' then you will want to be very careful not to hold any non-US domiciled ETFs. That would include anything from Vanguard UK or iShares EU. This might cause unfortunate conflicts with you...
by TedSwippet
Mon Jan 05, 2015 8:51 am
 
Forum: Investing - Theory, News & General
Topic: Holding both Euros and US Dollars
Replies: 2
Views: 365

Re: A Russian invests using Schwab

US estate tax kicks in at just $60k for non-resident aliens. That is less than 1/100 of the exemption available to US citizens. You will want to be sure not to exceed that level of holding combined in US domiciled ETFs or funds. A US domiciled ETF or fund counts as a 'security of a US company' even...
by TedSwippet
Tue Dec 30, 2014 6:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: A Russian invests using Schwab
Replies: 4
Views: 861

Re: NON-US Investor: Ireland ETFs to minimize US withholding

... In practice this means that the ETF domicile for US secutiites (ie, a SP500 etf for example) would be tax-neutral for the EU investor? For some EU countries, yes; for others, no -- depends on local 'foreign tax credit' availability, as much as anything else. The larger worry is the US estate ta...
by TedSwippet
Wed Dec 24, 2014 7:27 am
 
Forum: Investing - Help with Personal Investments
Topic: NON-US Investor: Ireland ETFs to minimize US withholding tax
Replies: 50
Views: 6137

Re: NON-US Investor: Ireland ETFs to minimize US withholding

If you are an european investor, simply forget Vanguard, it is simply not worth it. iShares and Deutsch Bank have lots of ETFs that reinvest the profits directly for you, without any kind of tax burden, unlike Vanguard Thanks to increasingly nightmarish US regulation and tax laws, many non-US inves...
by TedSwippet
Sun Dec 21, 2014 5:21 pm
 
Forum: Investing - Help with Personal Investments
Topic: NON-US Investor: Ireland ETFs to minimize US withholding tax
Replies: 50
Views: 6137

Re: British Expat in US - portfolio help please!

...I'd assumed that if I head home, sure the money is stuck in the US, but once I retire I can draw it tax free in the US if I'm no longer a US person, or if I am then I pay tax in the US, but then my UK tax bill is correspondingly reduced. Other than the associated bureaucracy, what's the catch? T...
by TedSwippet
Tue Nov 18, 2014 4:00 am
 
Forum: Investing - Help with Personal Investments
Topic: British Expat in US - portfolio help please!
Replies: 5
Views: 1001

Re: British Expat in US - portfolio help please!

I’m not sure whether I’ll stay here long-term, or maybe move back to the UK in 3 – 5 years. This is your largest block to planning. If you're going to stay the rest of your life in the US then saving into a 401k will turn out in retrospect to have been the right thing. Not so much if you leave, tho...
by TedSwippet
Sun Nov 16, 2014 5:47 am
 
Forum: Investing - Help with Personal Investments
Topic: British Expat in US - portfolio help please!
Replies: 5
Views: 1001

Re: Non-US citizen with US Brokers: Estate Tax risk?

Further down the road - I'd be better to switch out of some of the US Dom. ETFs and move them to Ireland equivalents, as those won't count towards part of the $60K figure, even if they're holding US assets - as example rather than holding VOO, holding VUSA/VUSD instead? I know in the case of VOO, V...
by TedSwippet
Sun Nov 16, 2014 5:02 am
 
Forum: Investing - Help with Personal Investments
Topic: Non-US citizen with US Brokers: Estate Tax risk?
Replies: 41
Views: 5540

Re: Non-US citizen with Interactive Brokers: Estate Tax risk

Just to clarify: do you consider my IB account with its exclusively non-US-domiciled ETFs to be a US asset? I would like your opinion on the following bold excerpt: ... Cash deposits with U.S. brokers, money market accounts with U.S. mutual funds and cash in U.S. safe deposit boxes are U.S. situs p...
by TedSwippet
Fri Nov 14, 2014 5:03 pm
 
Forum: Investing - Help with Personal Investments
Topic: Non-US citizen with US Brokers: Estate Tax risk?
Replies: 41
Views: 5540

Re: Non-US citizen with Interactive Brokers: Estate Tax risk

Wow, lots of misinformation and confusion in this thread. To answer OP's initial question, no. You are neither a US citizen nor US resident, so a bona fide 'non-resident alien'. As long as you avoid holding US stocks, US bonds, US domiciled ETFs (really just another type of US stock) and other 'US s...
by TedSwippet
Fri Nov 14, 2014 4:24 pm
 
Forum: Investing - Help with Personal Investments
Topic: Non-US citizen with US Brokers: Estate Tax risk?
Replies: 41
Views: 5540

Re: Investing in the Netherlands

...The Netherlands has a tax treaty with the US so you can get back the 15% withholding tax (VT and VTI/VXUS). The US/Netherlands tax treaty reduces US tax liability on dividends from 30% to 15%, and you claim this treatment with W-8BEN. But the 15% taken by the US under the treaty is generally not...
by TedSwippet
Sun Nov 09, 2014 11:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing in the Netherlands
Replies: 21
Views: 2077

Re: Investment plan for non-US person

Looks excellent to me, not least from the perspective of avoiding US tax traps. If there is anything wrong with this I can't see it either.
by TedSwippet
Sun Nov 02, 2014 4:14 am
 
Forum: Investing - Help with Personal Investments
Topic: Investment plan for non-US person
Replies: 13
Views: 1512

Re: US Resident, UK citizen, UK Pension funds and bank

Welcome to the forum. Because of your US residency, it is unlikely that you will find any of the 'normal' UK brokers or platforms that will want to work with you. Non-US brokers have been skittish about US regulations -- practically every UK and EU based fund has small print that prevents "US t...
by TedSwippet
Sat Nov 01, 2014 4:27 am
 
Forum: Investing - Help with Personal Investments
Topic: US Resident, UK citizen, UK Pension funds and bank
Replies: 2
Views: 359

Re: Help with global ETfs from New Zealand

Tonen wrote:...I'm not sure if the 60k applies. Australia has a tax treaty that avoids this, and maybe NZ has one as well.

http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Estate-&-Gift-Tax-Treaties-International

NZ is not listed.
by TedSwippet
Mon Oct 27, 2014 3:46 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with global ETfs from New Zealand
Replies: 21
Views: 2024

Re: New to Investing, Based in Hong Kong

...am I right therefore in assuming if I open a brokerage account with IB here in Hong Kong and trade in the DB ETFs (domiciled in Luxembourg) that I will not be liable to pay a US dividend tax at all? To be pedantic, the ETF itself will internally(*) pay 15% US dividend tax on your behalf (only on...
by TedSwippet
Wed Oct 22, 2014 6:22 am
 
Forum: Investing - Help with Personal Investments
Topic: New to Investing, Based in Hong Kong
Replies: 57
Views: 3903

Re: New to Investing, Based in Hong Kong

... is my tax assessment in the previous post (comparing a US domiciled one to a Luxembourg domiciled all world ETF, based on $100k investment and average 2% dividend yield) correct? Probably close enough. The non-US components of the dividend might get different levels of withholding from their ow...
by TedSwippet
Tue Oct 21, 2014 3:54 pm
 
Forum: Investing - Help with Personal Investments
Topic: New to Investing, Based in Hong Kong
Replies: 57
Views: 3903

Re: New to Investing, Based in Hong Kong

I think the db x-trackers we have looked at are considered HK-domiciled, not Luxembourg. No, they are domiciled in Luxembourg . I think it is where it is listed that matters? Again, no. ETFs are very often listed on the exchanges of multiple countries but domiciled only in one (and sometimes domici...
by TedSwippet
Tue Oct 21, 2014 3:14 pm
 
Forum: Investing - Help with Personal Investments
Topic: New to Investing, Based in Hong Kong
Replies: 57
Views: 3903

Re: New to Investing, Based in Hong Kong

...Seems it doesn't really matter where you hold the account. Any investment in US companies will result in the withholding tax on dividends. I guess it is no big deal, and just part of the cost of diversifying into US companies. Not entirely. If a resident of HK holds a US domiciled ETF then they ...
by TedSwippet
Tue Oct 21, 2014 9:10 am
 
Forum: Investing - Help with Personal Investments
Topic: New to Investing, Based in Hong Kong
Replies: 57
Views: 3903

Re: At my age is it ever to late to invest?( UK)

It's hard to find a personal pension provider charging you less than 1.0%. I use one of the big insurance companies and pay 0.8% (because I have more than £50k in the account). You may have to hunt around a little, but it's not that hard to find good value personal pensions. All of the following ch...
by TedSwippet
Sat Oct 18, 2014 10:24 am
 
Forum: Investing - Help with Personal Investments
Topic: At my age is it ever to late to invest?( UK)
Replies: 13
Views: 1353

Re: Estonian citizen - 401K worth it?

If you stay in the US and retire there, then opening a 401k will have been the right decision. If you move out, it quite probably won't. I have an old 401k that is 'trapped' in the US now that I no longer work or live there. So far it has only provided a modicum of hassle, such as a W-8BEN requireme...
by TedSwippet
Fri Oct 17, 2014 7:06 am
 
Forum: Investing - Help with Personal Investments
Topic: Estonian citizen - 401K worth it?
Replies: 8
Views: 689

Re: New to Investing, Based in Hong Kong

Have you looked at Vanguard UK ETFs? For example VUSD.LN, an S&P500 tracker, 0.07% TER, physical replication, and not US domiciled so no undesirable US tax entanglements.
by TedSwippet
Fri Oct 17, 2014 5:19 am
 
Forum: Investing - Help with Personal Investments
Topic: New to Investing, Based in Hong Kong
Replies: 57
Views: 3903

Re: New to Investing, Based in Hong Kong

Just a quick note... the DB X-tracker ETFs mentioned above use 'synthetic replication' to track the indices. You might be okay with that, but it is useful to be aware of the fact. In Europe, DB has been slowly increasing its range of physical ETFs.
by TedSwippet
Wed Oct 15, 2014 5:13 am
 
Forum: Investing - Help with Personal Investments
Topic: New to Investing, Based in Hong Kong
Replies: 57
Views: 3903
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