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Re: TurboTax '14 Deluxe (Desktop) Excludes Schedule D

TaxACT, which has long since replaced TurboTax in my case. Does a great job with the foreign capital gains reporting related to individual stocks/bonds in my local brokerage account as well.
by marcos123
Sat Nov 22, 2014 11:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 73
Views: 7631

Re: A week in Tuscany: April 2015. Suggestions?

Leeraar wrote:If one is a fan of fresh (unaged), dry, un-oaked, Pinot Grigio or Sauvignon Blanc, what would you choose in Tuscany?

L.


Orvieto Classico. Whose namesake comune /hill town in neighboring Umbria would be well worth exploring in its own right.
by marcos123
Sat Nov 22, 2014 10:49 pm
 
Forum: Personal Consumer Issues
Topic: A week in Tuscany: April 2015. Suggestions?
Replies: 21
Views: 1191

Re: EverBank

Have been a customer for just over 10 years. Their MM and CD rates are no longer as competitive as they once were, and my balances there clearly reflect that fact. The rates on their 5-year CDs continue to be very competitive; however the EWP is WAY above market at 15 months. Customer service is exc...
by marcos123
Sun Oct 26, 2014 8:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: EverBank
Replies: 13
Views: 1942

Re: Mutual Funds vs. Exchange Traded Funds (ETFs)

I wanted to report an experience today with a marketable limit order while it is still fresh in my mind. Today I received some bond ETF dividends which I wanted to reinvest. I wanted to try this "marketable limit order" thing discussed in the Vanguard article linked previously by Obliviou...
by marcos123
Tue Oct 07, 2014 9:40 pm
 
Forum: Investing - Theory, News & General
Topic: Mutual Funds vs. Exchange Traded Funds (ETFs)
Replies: 37
Views: 2623

Re: Credit Card Account [Automatically Closed] due to inacti

I live overseas, and for this reason I make it a point to utilize US-issued credit cards at least once year (with a nominal couple hundred dollars in charges) usually on trips back to the US. This has worked over the past decade. I mainly utilize locally-issed credit cards where I live. Bank account...
by marcos123
Sun Sep 07, 2014 12:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Credit Card Account [Automatically Closed] due to inactivity
Replies: 29
Views: 2042

Re: Most Hated Brokerage Firm? [or one that you love]

Citibank's brokerage ("Personal Wealth Management") also currently caters to US expats (mutual funds as well as ETFs). Interesting. Do you have a link for this? I just checked their site, and it stalled on asking for my US State of residence (which I don't have, being an expat). No link, ...
by marcos123
Sun Aug 17, 2014 6:48 pm
 
Forum: Investing - Theory, News & General
Topic: Most Hated Brokerage Firm? [or one that you love]
Replies: 74
Views: 7879

Re: Most Hated Brokerage Firm? [or one that you love]

I'm now at Schwab, which I selected from the list of brokerages that support American expats. They're the only firm on that list as far as I know Citibank's brokerage ("Personal Wealth Management") also currently caters to US expats (mutual funds as well as ETFs). In fact, per my previous...
by marcos123
Sun Aug 17, 2014 6:03 pm
 
Forum: Investing - Theory, News & General
Topic: Most Hated Brokerage Firm? [or one that you love]
Replies: 74
Views: 7879

Re: Most Hated Brokerage Firm? [or one that you love]

I have had a brokerage relationship with Citibank for several years and would consider them about average in terms of offerings, fees, and service levels. However this is just to qualify for one of their excellent (US-based) Expat banking platforms (Global Executive Banking, International Personal B...
by marcos123
Sun Aug 17, 2014 4:00 pm
 
Forum: Investing - Theory, News & General
Topic: Most Hated Brokerage Firm? [or one that you love]
Replies: 74
Views: 7879

Re: Foreign Bona-fide residency

The most important part of establishing residency is your intent, which in this case is pretty clear. There are many ways to demonstrate that, but living in the same location abroad with a long term type visa while having no permanet base in the US is as solid as it gets. Could not agree more. I ha...
by marcos123
Tue Apr 22, 2014 7:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Foreign Bona-fide residency
Replies: 12
Views: 1751

Re: Dual pane windows

Where I live I don't have to worry too much about winter insulation, but the double- and triple- paned windows installed certainly improved insulation in every other season. Like summers where it is much cooler with greater energy efficiency. The acoustical benefits themselves are a major considerat...
by marcos123
Tue Apr 08, 2014 6:17 pm
 
Forum: Personal Consumer Issues
Topic: Dual pane windows
Replies: 11
Views: 1360

Re: Why Americans are Retiring Overseas

Yes, a puff piece with little information. I live abroad, and the vast majority of my expat friends did not move abroad for financial reasons. I agree with kramer. I would even venture to guess that people who move abroad (or, for that matter, domestically) for financial reasons would be least like...
by marcos123
Tue Apr 08, 2014 5:44 pm
 
Forum: Personal Consumer Issues
Topic: Why Americans are Retiring Overseas
Replies: 109
Views: 12841

Re: 1040 address for foreign filer (unreliable mail)

I am also a US expat, retiring to, and residing in, South America for the last decade. Like yourself I have utilized a US mailing address for all of my US financial and investment accounts. Where we differ is precisely on the 1040 filing address, where I have been utilizing my overseas address since...
by marcos123
Mon Apr 07, 2014 8:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1040 address for foreign filer (unreliable mail)
Replies: 3
Views: 502

Re: American Funds?

There may be other financial institution- or broker-driven drivers at play that impact the logic of such a decision, generally. For example, the expat banking package at a major international bank that I deal with which has substantial operations in the country where I reside counts certain fund fam...
by marcos123
Sun Apr 06, 2014 5:38 pm
 
Forum: Investing - Theory, News & General
Topic: American Funds?
Replies: 37
Views: 3650

Re: American Funds?

Good thread. I wanted to go beyond the rhetoric and find the specific, hard data on fund returns with and without the FE loads and so googled for the latest American Funds Advisors Guide (Feb 2014) (page 18). I have selected two of the funds discussed above and would be interested in continuing this...
by marcos123
Wed Apr 02, 2014 3:49 pm
 
Forum: Investing - Theory, News & General
Topic: American Funds?
Replies: 37
Views: 3650

Re: Is Our Accountant Over-Charging Us?

Whether or not you change accountants, here is something you can try next year. It worked for me. Before you take your information to the accountant for tax preparation, try to fill out the tax forms by yourself, using your copy of the prior year forms as a guide. You can use tax software, or even ...
by marcos123
Wed Apr 02, 2014 2:39 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is Our Accountant Over-Charging Us?
Replies: 30
Views: 3838

Re: [American living abroad - Foreign Earned Inc. Excl. Limi

- How has everyone been investing their money? - Mostly repatriating funds back to the US and adopting the boglehead fund strategy in taxable accounts? ER'ed to Brazil with plans to remain, I have invested a good chunk of the overall portfolio here, in a LMP (Liability Matching Portfolio) in local ...
by marcos123
Tue Apr 01, 2014 7:07 pm
 
Forum: Investing - Help with Personal Investments
Topic: [American living abroad - Foreign Earned Inc. Excl. Limit]
Replies: 17
Views: 900

Re: Need advice! Retirement Plan offers Lump-Sum Payout

If GM had chosen to shed my pension obligation during their bankruptcy, and give me to the PBGC, I would have lost 60% of my benefit, due to the early retirement. L. Yes, a key risk intrinsic to accepting a pension vs. a lump-sum payout, that must be considered. It is not only early retirees who ca...
by marcos123
Tue Mar 25, 2014 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: Need advice! Retirement Plan offers Lump-Sum Payout
Replies: 31
Views: 2672

Re: Need advice! Retirement Plan offers Lump-Sum Payout

Moreover, the IRS rules on segment rates, the spread between segment rates due to the economy (and the compressed spreads between treasuries and corporate bonds), particularly at the short term, caused higher lump sums than might have been expected when the new rules were passed in 2006. With the r...
by marcos123
Mon Mar 24, 2014 5:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Need advice! Retirement Plan offers Lump-Sum Payout
Replies: 31
Views: 2672

Re: Is the foreign tax credit worth it?

Great question to which I'd also like to know the answer. But unless the FTC is huge, I'd say the better reason to invest in international index fund is that U.S. valuations are significantly higher right now, so I (and Rick Ferri, among others) expect returns going forward to be higher for interna...
by marcos123
Mon Mar 17, 2014 2:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Is the foreign tax credit worth it?
Replies: 17
Views: 1186

Re: William Bernstein-When you've won the game, why keep pla

Just to provide some quick input from someone retired in an EM (Brazil). I'm pretty conservative as far as AA goes, having been 30/70, but with the recent market stresses in EM fixed income, including Brazil, I availed of the opportunity to reallocate into local currency denominated Treasuries, lock...
by marcos123
Tue Mar 11, 2014 10:34 am
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 34322

Re: Do you have a favorite chocolate bar?

Despite being the world's sixth largest cacao producer, here in Brazil the domestic retail chocolate market has been, until recently, overwhelmingly milk (Brazil is a land chock full of contradictions), so I had long been dark chocolate deprived. But not since the advent of Lindt 85%, and more rece...
by marcos123
Tue Mar 11, 2014 8:20 am
 
Forum: Personal Consumer Issues
Topic: Do you have a favorite chocolate bar?
Replies: 86
Views: 5604

Re: Do you have a favorite chocolate bar?

Despite being the world's sixth largest cacao producer, here in Brazil the domestic retail chocolate market has been, until recently, overwhelmingly milk (Brazil is a land chock full of contradictions), so I had long been dark chocolate deprived. But not since the advent of Lindt 85%, and more recen...
by marcos123
Sun Mar 09, 2014 8:39 pm
 
Forum: Personal Consumer Issues
Topic: Do you have a favorite chocolate bar?
Replies: 86
Views: 5604

Re: Moving to Australia - what to do about retirement accoun

Isn't the worst case just cashing out? Pay the penalty and income taxes and never think about this issue again. Bold move, but if I was your age (and I am) and never coming back to the US I'd want to simplify as much as possible. I moved to Brazil around that age, and thought about that, as I also ...
by marcos123
Mon Mar 03, 2014 10:09 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving to Australia - what to do about retirement accounts
Replies: 19
Views: 2096

Re: Moving to Australia - what to do about retirement accoun

This is one of the rare times that, as a Boglehead, I would actually recommend investing in outside advice. In this case, a tax consultation with say a Big Four accounting firm specializing in expat taxation, tailored to your specific, well-researched requirements. This can and should be a one-time ...
by marcos123
Mon Mar 03, 2014 9:13 pm
 
Forum: Investing - Help with Personal Investments
Topic: Moving to Australia - what to do about retirement accounts
Replies: 19
Views: 2096

Re: Freezing Credit - Should I?

I did, with all 4 credit bureaus. (Innovis being the 4th - I had never heard of them until a few weeks ago). It can all be done online in less than an hour. It's a lot cheaper than a credit monitoring service and the best way to keep someone from establishing credit in your name. Costs are differen...
by marcos123
Mon Feb 10, 2014 9:14 pm
 
Forum: Personal Finance (Not Investing)
Topic: Freezing Credit - Should I?
Replies: 23
Views: 2196

Re: Are Individual Bonds Right for You?

(Though with regard to US taxes, PFIC rules make individual Japanese bonds much preferable to a Japan-domiciled JGB fund, despite the above consideration.) Yes. Thanks for mentioning that bpp. PFIC absolutely rules out domestic bond funds for expatriate Americans. That is the primary determinant of...
by marcos123
Mon Feb 10, 2014 5:00 pm
 
Forum: Investing - Theory, News & General
Topic: Are Individual Bonds Right for You?
Replies: 57
Views: 3240

Re: Emerging Markets Bonds

yes, there really has been additional return. A lot of additional return. Over its roughly 20-year life, it's grown NINE-fold while Total Bond was only growing THREE-fold. That is quite a lot of additional return. It is even more amazing when you consider that the emerging markets bond fund dramati...
by marcos123
Sun Feb 09, 2014 8:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets Bonds
Replies: 20
Views: 1403

Re: [Singapore] Which bond fund?

How easy is it to buy individual Singapore government bonds via your broker? I know you mentioned the ETF was illiquid, but is there anything other than a desire for simplicity keeping you from owning individual bonds? - Tim Key question. I am a resident of Brazil but also spend time in the US. I b...
by marcos123
Mon Jan 13, 2014 8:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: [Singapore] Which bond fund?
Replies: 7
Views: 574

Re: when you reach"your number"

Even though it was probably not the wisest thing to do, I pretty much quit the next day (at age 41). I was miserable and burned out in my job and so I either had to quit or change jobs, soldiering on was not an option. In fact, my final 6 months were a real struggle and it was all I could do to eve...
by marcos123
Sat Jan 11, 2014 10:45 am
 
Forum: Investing - Theory, News & General
Topic: when you reach"your number"
Replies: 84
Views: 9152

Re: [Distribution of Estate to Heirs in the Philippines]

My Filipino friends tell me the postal service is too corrupt to utilize for sending checks. I thought about using as US shipping agent but read some ambiguous comments about their Philippine affiliate being as bad as the “mail”. The Phillippines are far from alone in that regard. Suffice it to say...
by marcos123
Mon Dec 30, 2013 11:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Distribution of Estate to Heirs in the Philippines]
Replies: 25
Views: 2659

Re: New PenFed CD rates!

Thanks Kevin .... your clarification,as well as the information on the in's and out's of formal trust accounts at Ally, is very helpful. In an (often unsuccessful) attempt to limit incoming mail to my US-based mailbox, that physical statement, as well as the inability you cite of setting up CDs onli...
by marcos123
Mon Dec 30, 2013 6:28 pm
 
Forum: Investing - Theory, News & General
Topic: New PenFed CD rates!
Replies: 313
Views: 37058

Re: New PenFed CD rates!

The thing that concerns me is that I don't know if the way Ally Bank, for example, is coding its electronic deposit account records would satisfy the FDIC, although I think it would. I feel better seeing "POD" directly in the account titles. The CDs that I have held over at Ally are clear...
by marcos123
Mon Dec 30, 2013 4:23 pm
 
Forum: Investing - Theory, News & General
Topic: New PenFed CD rates!
Replies: 313
Views: 37058

Re: New PenFed CD rates!

Kevin: Ask and you shall receive. Have benefited from your posts here and pleased to finally give back! Here is the link to the related regulations, specifically, 12 C.F.R. 330.10 (b): http://www.fdic.gov/regulations/laws/rules/2000-5400.html#fdic2000part330.10 Thanks Marcos. To compare and see if ...
by marcos123
Sun Dec 29, 2013 11:40 pm
 
Forum: Investing - Theory, News & General
Topic: New PenFed CD rates!
Replies: 313
Views: 37058

Re: New PenFed CD rates!

I wonder how accurate these consumer-oriented web pages and pamphlets are. It would be interesting if someone actually dug into the regulations themselves to verify these differences. Kevin: Ask and you shall receive. Have benefited from your posts here and pleased to finally give back! Here is the...
by marcos123
Sun Dec 29, 2013 8:01 pm
 
Forum: Investing - Theory, News & General
Topic: New PenFed CD rates!
Replies: 313
Views: 37058

Re: Where do Bogleheads call home?

I ER'ed to Brazil about a decade ago (US citizen), and while active in the local financial markets, would not even consider holding a local mutual fund or ETF owing to exorbitant E/R's. Local fixed income mutual funds fees average at least 1% and local active equity funds 3%. There are no decent fix...
by marcos123
Mon Dec 16, 2013 10:39 am
 
Forum: Personal Consumer Issues
Topic: Where do Bogleheads call home?
Replies: 17
Views: 3099

Re: US Expat Estate Planning: Foreign Beneficiary of US Acco

Thank you bsteiner for such a great post. I am sure fellow members of the BH Expat community will find this very useful when considering their international estate planning needs.
by marcos123
Mon Dec 09, 2013 6:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: US Expat Estate Planning: Foreign Beneficiary of US Accounts
Replies: 11
Views: 1150

Re: What do early retirees actually do in Florida?

Hello Marcos, I wonder why Florida retirees would feel more restless than snowbirds. I think people who come to Florida for the winter use their time more efficiently, because they know that their time there is limited. Once people settle in a place, it becomes less urgent to explore the environs. ...
by marcos123
Mon Dec 09, 2013 9:07 am
 
Forum: Personal Consumer Issues
Topic: What do early retirees actually do in Florida?
Replies: 238
Views: 15054

Re: What do early retirees actually do in Florida?

Hello Victoria, Great thread. You mentioned Sarasota. I have some friends who have snowbirded and also retired in Sarasota for awhile at different points so am pretty familiar with the area and also how folks have gotten along there. The area I know best is Longboat Key, which boasts some very beaut...
by marcos123
Sun Dec 08, 2013 7:26 pm
 
Forum: Personal Consumer Issues
Topic: What do early retirees actually do in Florida?
Replies: 238
Views: 15054

Re: US Expat Estate Planning: Foreign Beneficiary of US Acco

bsteiner: Thank you for your clarifications. They were very helpful. Over the last couple days I have put some further thought into this topic and have come up with three general issues/questions on this topic that I believe will be useful for others on this board, particularly if this thread is eve...
by marcos123
Sat Dec 07, 2013 6:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: US Expat Estate Planning: Foreign Beneficiary of US Accounts
Replies: 11
Views: 1150

Re: US Expat Estate Planning: Foreign Beneficiary of US Acco

bsteiner: Thank you for your input here. I was actually hoping that you would come across this thread, as I always read with interest your value-added posts on this forum. As mentioned, I initiated this thread as an offshoot of the expat investing wiki thread started by LadyGeek. This subject of US ...
by marcos123
Thu Dec 05, 2013 7:22 am
 
Forum: Personal Finance (Not Investing)
Topic: US Expat Estate Planning: Foreign Beneficiary of US Accounts
Replies: 11
Views: 1150

Re: US Expat Estate Planning: Foreign Beneficiary of US Acco

Hi marcos, I have no expertise in this area, and probably more questions than you do. Can you summarize briefly what this Revocable Living Trust entails, and how it helps? Hey bpp, the best way to respond to your query would be a link to the bogleheads wiki which deals with it here (see Revocable T...
by marcos123
Wed Dec 04, 2013 10:25 am
 
Forum: Personal Finance (Not Investing)
Topic: US Expat Estate Planning: Foreign Beneficiary of US Accounts
Replies: 11
Views: 1150

Re: US Expat Estate Planning: Foreign Beneficiary of US Acco

Hi marcos, I have no expertise in this area, and probably more questions than you do. Can you summarize briefly what this Revocable Living Trust entails, and how it helps? Hey bpp, the best way to respond to your query would be a link to the bogleheads wiki which deals with it here (see Revocable T...
by marcos123
Wed Dec 04, 2013 9:24 am
 
Forum: Personal Finance (Not Investing)
Topic: US Expat Estate Planning: Foreign Beneficiary of US Accounts
Replies: 11
Views: 1150

US Expat Estate Planning: Foreign Beneficiary of US Accounts

One topic that has surfaced in the thread: "Wiki(?) Investing as an Expat (US citizen living abroad)" initiated by LadyGeek and contributed to by a number of expats is the need to consider Estate Planning when making investments, both in one's resident country as well in the US if one also...
by marcos123
Wed Dec 04, 2013 7:37 am
 
Forum: Personal Finance (Not Investing)
Topic: US Expat Estate Planning: Foreign Beneficiary of US Accounts
Replies: 11
Views: 1150

Re: Wiki (?) - Investing as an expat (US citizen living abro

Hello LadyGeek, it is very good to see that this thread you initiated has been getting traction from us BH expats who have been dealing with these issues for years and are sharing here our experiences (and issues) with each other and the overall BH community. As bpp mentioned, I also thought this th...
by marcos123
Wed Dec 04, 2013 5:55 am
 
Forum: Investing - Theory, News & General
Topic: Wiki (?) - Investing as an expat (US citizen living abroad)
Replies: 41
Views: 3733

Re: Wiki (?) - Investing as an expat (US citizen living abro

Hi marcos, So what I am in the process of doing, to avoid any potential conflict of laws between the two countries and/or hefty legal expenses and significant time burden for myself or loved ones, is to draw up a US estate plan on those US assets with them as foreign beneficiaries. A will would be ...
by marcos123
Tue Dec 03, 2013 4:19 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki (?) - Investing as an expat (US citizen living abroad)
Replies: 41
Views: 3733

Re: Is it dumb of me to not have any money in taxable?

Also, one other tax consideration - Qualified Dividends and high levels of Foreign Tax Credits are worthless in your tax advantaged accounts..... Likewise, if you have any holdings that have high % of foreign tax credits available, you aren't getting the benefit of reducing your taxes by holding th...
by marcos123
Mon Dec 02, 2013 11:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Is it dumb of me to not have any money in taxable?
Replies: 77
Views: 7184

Re: Wiki (?) - Investing as an expat (US citizen living abro

Bpp, good to find you here on this thread. Speaking of the estate situation for US expats, in particular making sure loved ones in your resident country receive your US assets, I also have no idea whether the US would recognize a will or estate plan drawn up in one's resident country. So what I am i...
by marcos123
Mon Dec 02, 2013 7:28 am
 
Forum: Investing - Theory, News & General
Topic: Wiki (?) - Investing as an expat (US citizen living abroad)
Replies: 41
Views: 3733

Re: Wiki (?) - Investing as an expat (US citizen living abro

Glad to see the beginnings of a Wiki page on taxation for U.S. expats. Do most foreign countries recognize and respect the tax status of Roth and Traditional IRAs? For many expat retirees it would be devastating if a foreign country could tax, say, Roth withdrawals as ordinary income. Like most oth...
by marcos123
Sun Dec 01, 2013 1:01 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki (?) - Investing as an expat (US citizen living abroad)
Replies: 41
Views: 3733

Re: Delete Wiki on Tax-Efficient Asset Location

Barry: Thanks for the update. I now recognize that my post below was unclear. It is specifically referring to the text right below Step 3. I believe that this is an important point and should be corrected. For the reasons cited below, it is not a foregone conclusion that it is always worth claiming ...
by marcos123
Mon Nov 18, 2013 3:19 pm
 
Forum: Investing - Theory, News & General
Topic: Delete Wiki [Article] on Tax-Efficient Asset Location
Replies: 285
Views: 17632

Re: Emerging Markets Really Lag This Year

Just bought more shares in an EM Local Currency Bond fund that I've been in for the last five years. I treat it as part of my Equity allocation, given the volatility, and its equity-like returns.
by marcos123
Sun Nov 17, 2013 5:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets Really Lag This Year
Replies: 17
Views: 1949
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