Search found 1238 matches

by TedSwippet
Fri Jun 23, 2017 3:20 am
Forum: Investing - Help with Personal Investments
Topic: IRA Custodian for a Non-Resident Alien
Replies: 3
Views: 232

Re: IRA Custodian for a Non-Resident Alien

Schwab has a couple of other benefits that would make it a better choice if they are ok with non-resident alien IRA holders. Schwab's bank account with no international fees and ATM fee reimbursement would be very handy. Also, the brokered CDs at Schwab (or other brokerages) would be a good place t...
by TedSwippet
Thu Jun 22, 2017 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Custodian for a Non-Resident Alien
Replies: 3
Views: 232

Re: IRA Custodian for a Non-Resident Alien

My current retirement accounts are at Vanguard and TD Ameritrade. My taxable accounts are also there but they will both be moved to Interactive Brokers. I am considering Schwab for the IRAs but am open to suggestions. Do you have any reason for not considering moving your IRAs to Interactive Broker...
by TedSwippet
Tue Jun 20, 2017 3:02 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio advise (not residing in the U.S)
Replies: 11
Views: 462

Re: Portfolio advise (not residing in the U.S)

Welcome to the forum. Assuming your country has neither a US income tax treaty nor a US estate tax treaty , the first action to take would be to read these two wiki pages: ⋅  Nonresident alien taxation ⋅  Nonresident alien with no US tax treaty & Irish ETFs If you use Vanguar...
by TedSwippet
Sun Jun 18, 2017 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: [UK expat] sanity check first portfolio
Replies: 5
Views: 408

Re: [UK expat] sanity check first portfolio

Welcome. This all looks well considered to me. Your choice of UCITS throughout shows that you're fully aware of the US tax traps if you were to hold US domiciled funds or ETFs. So I'll offer just a few immediate thoughts. A. Fixed income. This is a bugbear of mine, too. Personally I view bonds a bit...
by TedSwippet
Tue Jun 13, 2017 11:55 am
Forum: Investing - Help with Personal Investments
Topic: Tax implications of investing through London Stock Exchange for non-resident investors
Replies: 9
Views: 718

Re: Tax implications of investing through London Stock Exchange for non-resident investors

Does anybody see any potential for Brexit to put an end to this? Will the loss of "passporting" rights stop those Irish ETFs being sold on the LSE? I can see the potential for it, but to be honest I can't imagine that Brexit negotiations wouldn't find a way to maintain the status quo for ...
by TedSwippet
Tue Jun 13, 2017 7:32 am
Forum: Investing - Help with Personal Investments
Topic: Tax implications of investing through London Stock Exchange for non-resident investors
Replies: 9
Views: 718

Re: Tax implications of investing through London Stock Exchange for non-resident investors

...what are the tax implications (income tax, capital gains tax, estate duties) of investing in Irish domiciled ETFs through the London Stock Exchange for investors who are not UK residents? None, none and none. The UK does not tax dividends paid to non-residents, nor does Ireland. No UK or Irish c...
by TedSwippet
Mon Jun 12, 2017 3:08 am
Forum: Personal Finance (Not Investing)
Topic: Tax question - Non-US citizen parent wants to gift wealth
Replies: 21
Views: 1745

Re: Tax question - Non-US citizen parent wants to gift wealth

Others in my place some have paid taxes others have not so i am confused thus the question. US taxes, or those of other countries? If US, the only way US tax can fall on a US recipient of a gift or inheritance from a non-resident alien is under section 2801 , where the giver is a 'covered' expat un...
by TedSwippet
Sun Jun 11, 2017 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Help UK investors with windfall
Replies: 8
Views: 797

Re: Help UK investors with windfall

Also, we’ve noted that the Vanguard Global Bond Index Fund is domiciled in Ireland. As the fund is classified as a reporting fund it’s our belief this shouldn’t have too significant of an impact versus one domiciled in the UK. However, we’re keen to understand if we’re missing any key points? No im...
by TedSwippet
Thu Jun 08, 2017 6:59 am
Forum: Investing - Help with Personal Investments
Topic: Choosing funds for UK pension
Replies: 10
Views: 488

Re: Choosing funds for UK pension

Thanks for commenting, valuethinker . If it's not already obvious, I find bonds/gilts a complete turn-off. It is good to hear thoughts from someone who actually spends the time to ponder such things. The main thing is to get the employer match for your contribution. If they use "salary surrende...
by TedSwippet
Thu Jun 08, 2017 4:25 am
Forum: Investing - Help with Personal Investments
Topic: Resident Alien Expatriating / 401k & VG taxable account - UK/US
Replies: 33
Views: 1960

Re: Resident Alien Expatriating / 401k & VG taxable account - UK/US

I just rethought about my question, and it was actually not so good :) It is true that the 10% penalty doesn't apply to conversions, but it remains an open -- and as far as I can tell, unresolved -- question as to whether it is payable on normal withdrawals made by an NRA 401k or IRA holder residen...
by TedSwippet
Thu Jun 08, 2017 3:31 am
Forum: Investing - Help with Personal Investments
Topic: Choosing funds for UK pension
Replies: 10
Views: 488

Re: Choosing funds for UK pension

What should I consider when choosing between these ones? I wish I knew. I have this exact same problem in my FL ex-employer GPP pension, and also struggle with it. In the end, I put half my bond allocation into All Stocks UK Gilt Index and half into Over 5 Year Index-Linked Gilt Index . Half and ha...
by TedSwippet
Wed Jun 07, 2017 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: Resident Alien Expatriating / 401k & VG taxable account - UK/US
Replies: 33
Views: 1960

Re: Resident Alien Expatriating / 401k & VG taxable account - UK/US

So Roth conversions are taxable only in the US as I understand it. Me too. If the conversion is the only US taxable income reportable, is that all that one would pay US taxes on and can the standard deduction and personal exemption be claimed so as to reduce the AGI? Yes, that would be the total US...
by TedSwippet
Wed Jun 07, 2017 6:03 pm
Forum: Investing - Help with Personal Investments
Topic: Choosing funds for UK pension
Replies: 10
Views: 488

Re: Choosing funds for UK pension

1. Would the FL BlackRock UK Equity Index (Aquila C) and FL BlackRock World ex UK Equity Index (Aquila C) be the best choices for the equities side? Why not just a single holding in the BlackRock (50:50) Global Equity Index (Aquila C), to 80% of your overall pot? This fund is 50% UK, 50% non-UK and...
by TedSwippet
Wed Jun 07, 2017 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Resident Alien Expatriating / 401k & VG taxable account - UK/US
Replies: 33
Views: 1960

Re: Resident Alien Expatriating / 401k & VG taxable account

Citizenship is available after holding a green card for only three years if it comes through marriage to a US citizen. Thanks. So one could 'fast-track' qualification for the execrable and deeply damaging US 'exit tax' in a day over just three years, then, rather than the better known eight years (...
by TedSwippet
Wed Jun 07, 2017 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Resident Alien Expatriating / 401k & VG taxable account - UK/US
Replies: 33
Views: 1960

Re: Resident Alien Expatriating / 401k & VG taxable account - UK/US

I understand that under the US/UK treaty, you are not subject to the 30% NRA withholding when doing that, but what about the early withdrawal penalty (assuming you're under 59.5 years old) ? It's a good question. And honestly, I have never found a satisfactory answer to this one. The treaty is comp...
by TedSwippet
Wed Jun 07, 2017 5:19 pm
Forum: Investing - Help with Personal Investments
Topic: Resident Alien Expatriating / 401k & VG taxable account - UK/US
Replies: 33
Views: 1960

Re: Resident Alien Expatriating / 401k & VG taxable account - UK/US

Does anyone know how 401k required minimum distributions are treated for a non resident alien in the UK ? My working assumptions are currently: ⋅ They are still required, as normal under US rules. That is, no exception or get-out clause for NRAs. ⋅ Under the treaty, pension with...
by TedSwippet
Wed Jun 07, 2017 4:04 pm
Forum: Investing - Help with Personal Investments
Topic: Resident Alien Expatriating / 401k & VG taxable account - UK/US
Replies: 33
Views: 1960

Re: Resident Alien Expatriating / 401k & VG taxable account - UK/US

I did read one post here implying one could take ones chances with exit tax as you could effectively get $2M in assets per person, not per couple. Or that ' a couple could get out with $9.5 million by having one spouse leave in one year with $2 million and the second spouse gifting $5.5 million (li...
by TedSwippet
Wed Jun 07, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Resident Alien Expatriating / 401k & VG taxable account - UK/US
Replies: 33
Views: 1960

Re: Resident Alien Expatriating / 401k & VG taxable account

Another question / thought on the exit tax. ... What happens if you leave before or after the 8 year limit (6 years at a minimum depending on dates) and maintain US citizenship status. The eight year (or six year and two days) thing only applies to green card 'expatriates'. It is what defines 'long...
by TedSwippet
Wed Jun 07, 2017 11:38 am
Forum: Investing - Help with Personal Investments
Topic: Foreigner, 37, seeking advice on starting Roth IRA
Replies: 23
Views: 1430

Re: Foreigner, 37, seeking advice on starting Roth IRA

... at a Russian forum they recommend an American-based broker https://www.interactivebrokers.com/en/home.php, saying that there is no need to pay taxes, not even capital gains tax. Are there ways to check out this broker? They are pretty popular among the non-resident aliens and expats on this sit...
by TedSwippet
Wed Jun 07, 2017 11:19 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest once retired [UK]
Replies: 25
Views: 1191

Re: Where to invest once retired [UK]

UK platforms now have all these funny trailer fees paid to platforms, and I have not fully got my head around those. They used to receive what was in effect a "backhander" from the funds, but the Retail Distribution Review banned them a couple of years ago. Since then, platforms have been...
by TedSwippet
Wed Jun 07, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest once retired [UK]
Replies: 25
Views: 1191

Re: Where to invest once retired [UK]

What would the Halifax charge be? Covered by jjface upthread. Halifax has three retail facets -- its own brand, iWeb, and Lloyds sharedealing direct. These have some distinctions, perhaps aiming for different markets. For example, iWeb has a £25 flat account opening charge (at one point this was te...
by TedSwippet
Mon Jun 05, 2017 5:48 pm
Forum: Investing - Help with Personal Investments
Topic: Understanding bonds ETF distributions [UK]
Replies: 5
Views: 259

Re: Understanding bonds ETF distributions [UK]

I was wondering if anybody can explain why there hasn't been any distribution ... IBGS currently shows a weighted yield to maturity of -0.18%, and average maturity of just under two years, so very much at the short end of things. Its benchmark tracking is pretty much as expected. My guess is that i...
by TedSwippet
Mon Jun 05, 2017 2:43 pm
Forum: Investing - Help with Personal Investments
Topic: New investor needing advice UK-US
Replies: 18
Views: 929

Re: New investor needing advice UK-US

All the examples I've looked at calculate it on the total mortgage amount converted into US$ when we bought minus total mortgage when we sell. This seems ridiculous as we have made mortgage payments on the balance for 11 years. If my calculation is correct we potentially face a foreign mortgage exc...
by TedSwippet
Mon Jun 05, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1540

Re: Drawbacks of being a resident alien living abroad

n fact, even after you give up your green card, you are still subject to US taxations as a US person until you notify the IRS with a specific and timely form. Failure to do so will leave you liable even though you can't legally reside in the US. The thread has moved on somewhat since this comment, ...
by TedSwippet
Mon Jun 05, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Where to invest once retired [UK]
Replies: 25
Views: 1191

Re: Where to invest once retired [UK]

For this reason, I think the VG platform might be simpler. OK not quite as cost effective. But 0.15% x 300k = £450 pa and it is capped at £375 pa? Is that really the end of the world? For simplicity plus less risk of doing something stupid because some "expert" gets to one later and persu...
by TedSwippet
Mon Jun 05, 2017 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Funding 401k to Roth IRA conversion taxes for a non-resident alien
Replies: 11
Views: 920

Re: Funding 401k to Roth IRA conversion taxes for a non-resident alien

I guess you made no roth IRA contributions in the past? That would have helped. It would indeed, if I could have done so. However, I left the US in 2008, with no real choice on timing. And the contribution and especially the conversion rules in place before 2010 meant that I had no realistic opport...
by TedSwippet
Mon Jun 05, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1540

Re: Drawbacks of being a resident alien living abroad

Is income from conversion really income from a pension or annuity though? I don't believe it is. Perhaps, or perhaps not. The problem for payers is that they have to select from just the available withholding categories and rates for NRAs in treaty countries, as laid down by the IRS. And of these c...
by TedSwippet
Mon Jun 05, 2017 10:07 am
Forum: Investing - Help with Personal Investments
Topic: Where to invest once retired [UK]
Replies: 25
Views: 1191

Re: Where to invest once retired [UK]

Previous posters have already pretty much nailed this. For the platform, Halifax -- or one of its 'puppet' surrogates iWeb or Lloyds -- would indeed be a decent place in which to hold Vanguard funds. Simple, cheap, easy to operate (although as with all platforms, it can take a while to initially loc...
by TedSwippet
Mon Jun 05, 2017 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1540

Re: Drawbacks of being a resident alien living abroad

So, let's say I make $100,000 in France (which isn't going to happen but it makes the math easier) and I convert $50,000 of my 401(k) money to Roth IRA. Total gross income is $150,000, minus $10,400 = $139,600, which puts me in the 28% tax bracket. The $100,000 of French income is excluded per the ...
by TedSwippet
Mon Jun 05, 2017 3:56 am
Forum: Personal Finance (Not Investing)
Topic: Drawbacks of being a resident alien living abroad
Replies: 38
Views: 1540

Re: Drawbacks of being a resident alien living abroad

Well, this is interesting. The OP here is attempting a variation of what I plan to embark upon this year (except that I'm a full-on NRA). How practical is this, for her and for me? Firstly, the green card thing. It does indeed 'semi-expire' for immigration purposes under some conditions. Residing (l...
by TedSwippet
Sun Jun 04, 2017 4:05 pm
Forum: Investing - Help with Personal Investments
Topic: Help UK investors with windfall
Replies: 8
Views: 797

Re: Help UK investors with windfall

Does the above portfolio look sensible? We attempted to avoid bias to any one region and rather create a cheap global tracker. Looks fine to me (my own personal view is that any reasonable looking allocation will perform, given enough time, so in a sense I'm not the person to whom you should ask th...
by TedSwippet
Fri Jun 02, 2017 2:13 pm
Forum: Investing - Help with Personal Investments
Topic: Help UK investors with windfall
Replies: 8
Views: 797

Re: Help UK investors with windfall

Welcome. Research suggests that the best outcome (in terms of overall return) is achieved in a situation like ours by purchasing our entire expected holding in one transaction on one date. However we have also read about the benefits of “pound/dollar cost averaging”. Obviously we are keen to have th...
by TedSwippet
Fri Jun 02, 2017 3:13 am
Forum: Investing - Help with Personal Investments
Topic: Updating portfolio before relocating to the UK
Replies: 6
Views: 463

Re: Updating portfolio before relocating to the UK

... If you plan to relocate permanently then you will have to give up your green card - which isn't necessarily a bad thing. Enlarging on this a little... If you keep the green card while living in the UK you will find yourself limited in what you can do financially. Due to FATCA , quite a few UK b...
by TedSwippet
Thu Jun 01, 2017 4:00 am
Forum: Investing - Help with Personal Investments
Topic: Bond Fund Selection For US Expat
Replies: 4
Views: 410

Re: Bond Fund Selection For US Expat

My advisor says I should just invest in Vanguard's Total Bond Fund (BND), but I've seen people on the forums recommend otherwise because of tax issues. I've searched around but I'm quite confused. Your advisor is right on this, at least from the tax perspective. I'll see if I can clear up the confu...
by TedSwippet
Wed May 31, 2017 4:48 pm
Forum: Investing - Help with Personal Investments
Topic: Recommendations for Non US Investors [UK ex-pat]
Replies: 3
Views: 252

Re: Recommendations for Non US Investors [UK ex-pat]

Not personally. I'm in the UK, so it's easiest and cheapest for me to just stay local.
by TedSwippet
Tue May 30, 2017 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Young EU Investor
Replies: 68
Views: 5073

Re: Young EU Investor

Missed this earlier, for some reason... ... i am from Portugal and i have a portfolio with vanguard products in a portuguese brokrage. When i receive the dividends i pay a 15% tax in US and then a 28% in Portugal. In Portugal we have a tax treaty with US, so we don't face the 40% estate tax? Portuga...
by TedSwippet
Tue May 30, 2017 10:20 am
Forum: Personal Finance (Not Investing)
Topic: European bank fees WOW
Replies: 15
Views: 2350

Re: European bank fees WOW

Fidelity charges my wife a $5 per quarter custodial fee on her 401k. This sounds like the Vanguard record-keeping fee I pay. While a bit of an irritant, these things aren't really in the same league as the 0.25% of holdings mentioned in the original post. Well, not unless your wife's 401k balance i...
by TedSwippet
Tue May 30, 2017 6:14 am
Forum: Personal Finance (Not Investing)
Topic: European bank fees WOW
Replies: 15
Views: 2350

Re: European bank fees WOW

Ok, sorry Switzerland is indeed not Europe, but even reviewing the above comments on other European banks in other European countries, it seems to me that the US is by far the cheapest. US brokers can be cheaper, and probably on average are somewhat cheaper than European ones. But to contrast Fidel...
by TedSwippet
Tue May 30, 2017 3:15 am
Forum: Personal Finance (Not Investing)
Topic: European bank fees WOW
Replies: 15
Views: 2350

Re: European bank fees WOW

My Swiss friend has an investment account in a Swiss bank, ... Extrapolating an anecdote from one person based on two Swiss banks to all of Europe (" European bank fees WOW ") is a huge and unsustainable leap. Julius Baer claims to be "the international reference in Private Banking&q...
by TedSwippet
Mon May 29, 2017 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Moving overseas and investing
Replies: 5
Views: 405

Re: Moving overseas and investing

2) I am aware that after 6 months outside of the US I may lose my green card and then become a non resident UK citizen and, I assume will no longer have a tax obligation with the US and limited tax obligations to the UK. Do not assume anything here. Unless you affirmatively surrender your green car...
by TedSwippet
Sat May 27, 2017 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Stepping out of Friends Provident [UK ex-pat]
Replies: 2
Views: 228

Re: Stepping out of Friends Provident [UK ex-pat]

Welcome. If I surrender FPI and bring the money into the UK and then invest to another platform (e.g. Vanguard UK) am I liable for taxes in the UK for bringing the money back to the UK? If I invest into another offshore platform (e.g. Vanguard Luxembourg) and the money moves through a UK bank accoun...
by TedSwippet
Wed May 24, 2017 7:31 am
Forum: Investing - Help with Personal Investments
Topic: Withholding tax on Ireland-domiciled distributing ETFs for non-Europe residents?
Replies: 5
Views: 368

Re: Withholding tax on Ireland-domiciled distributing ETFs for non-Europe residents?

axolot wrote:And what about capital gains if the ETF is sold ?

No Irish capital gains tax liability for non-Irish residents.

Also, before you ask, no Irish estate, gift, or inheritance taxes on non-residents either.
by TedSwippet
Tue May 23, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: New investor needing advice UK-US
Replies: 18
Views: 929

Re: New investor needing advice UK-US

A CPA in the States in your case, I presume. IME, not at all. Unless you happen to be extremely lucky in your choice, US CPAs have no expertise in UK tax, and little to none in general regarding anything 'foreign' or 'offshore'. The only realistic option, if you don't want to try to understand it f...
by TedSwippet
Tue May 23, 2017 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: Advice and guidance for UK based first-time investor
Replies: 12
Views: 670

Re: Advice and guidance for UK based first-time investor

Can i ask how you weight that portfolio? would you generally split the equities evenly between the FTSE UK all share and FTSE developed world ex-UK? the adjust bonds to match risk tolerance/age? I used equal weighting, 25% in each of the four funds mentioned. Mostly for simplicity. With hindsight I...
by TedSwippet
Tue May 23, 2017 10:34 am
Forum: Investing - Help with Personal Investments
Topic: New investor needing advice UK-US
Replies: 18
Views: 929

Re: New investor needing advice UK-US

- do you know any good blogs or sources of information for expats on UK - US tax that I can follow. The denizens of the British Expats forum are generally fairly switched on, although you have to know who to listen to even here. For example, this and this from the past couple of weeks are both utte...
by TedSwippet
Tue May 23, 2017 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Advice and guidance for UK based first-time investor
Replies: 12
Views: 670

Re: Advice and guidance for UK based first-time investor

Just to amplify valuethinker 's comment above... A newbie question however I've noticed that the OCF charges for the three above funds are 0.15%, 0.24%, accordingly. However the charge for VLS is 0.22%. Would this make the 3 fund portfolio above a more expensive option that the VLS? Well, you've onl...
by TedSwippet
Tue May 23, 2017 5:54 am
Forum: Investing - Help with Personal Investments
Topic: Advice and guidance for UK based first-time investor
Replies: 12
Views: 670

Re: Advice and guidance for UK based first-time investor

Welcome. I've assumed below that your writing "UK based" indicates that you are not a US citizen or other US 'taxable person'. (If that is not the case, most of what I wrote flip-flops from reasonable suggestions to a US tax financial death-sentence.) My only reservation with the VLS is th...
by TedSwippet
Mon May 22, 2017 2:28 pm
Forum: Investing - Help with Personal Investments
Topic: New investor needing advice UK-US
Replies: 18
Views: 929

Re: New investor needing advice UK-US

Welcome. We will live in the US for another 2 - 5 years.  We will not retire in the US we are planning to retire in the UK.  Are there any implications we need to consider about investing in Vanguard or Fidelity mutual fund index and any information on tax implications would be greatly appreciated. ...
by TedSwippet
Sun May 21, 2017 9:33 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard funds from Europe
Replies: 7
Views: 751

Re: Vanguard funds from Europe

As far as I can understand from their website, they are still requiring a minimum investment of 100K pounds for each of their funds. This £100k minimum is only if you buy Vanguard UK's mutual funds. (It was also recently relaxed with Vanguard's entry into direct-to-customer accounts for UK investor...

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