Search found 124 matches

by marcos123
Sun Nov 27, 2016 1:17 am
Forum: Personal Finance (Not Investing)
Topic: How to become a "U.S. citizen residing overseas"?
Replies: 26
Views: 3126

Re: How to become a "U.S. citizen residing overseas"?

Really interesting thread as I've been wondering about the state tax issue if I retire abroad. My situation is a little different from that of OP. I live and work in NY, and am looking at moving to Latin America in a couple years when I retire (by "retire," I mean when I'm eventually part...
by marcos123
Sat Nov 26, 2016 11:50 pm
Forum: Personal Finance (Not Investing)
Topic: if permanently move abroad
Replies: 13
Views: 1647

Re: if permanently move abroad

Just make sure you sever ALL ties with NJ. That means: no storage facility with your stuff in it, no snail mail address of any kind, do no renew your drivers license, do not have any online accounts with any NJ address in it (your banks for example). You must sever ALL ties with NJ to stop paying t...
by marcos123
Sun Nov 20, 2016 5:39 pm
Forum: Investing - Help with Personal Investments
Topic: Take SS at 62 or wait ?
Replies: 74
Views: 7605

Re: Take SS at 62 or wait ?

I retired at 61.5 and took SS at 62 and for a very good reason. Most of the analysis of this decision I have seen ignores the time value of money. Without getting into the political aspects of SS, using the IRR (Internal Rate of Return) function in Excel allows one to take the time value of money i...
by marcos123
Mon Oct 31, 2016 1:27 am
Forum: Investing - Help with Personal Investments
Topic: US Expat in Indonesia
Replies: 57
Views: 4096

Re: US Expat in Indonesia

For years I put a U.S. address on my 1040 and my foreign address on Form 2555 where I claimed bona fide residence. I know many others who do this as well. I've never heard of anyone having any problems with the IRS over this. Seems to me you have a legitimate reason and clear explanation for using ...
by marcos123
Sun Jul 03, 2016 11:02 pm
Forum: Investing - Help with Personal Investments
Topic: Investing as an American living in Japan
Replies: 16
Views: 1938

Re: Investing as an American living in Japan

Thanks Karamatsu. Here in Brazil there is, inexplicably, given the high levels of bilateral commerce and investment, still no tax treaty (although there is a Tax Information Exchange Agreement, which doesn't seem to help individual taxpayers on either side, only their governments!). Given the simila...
by marcos123
Sun Jul 03, 2016 11:58 am
Forum: Investing - Help with Personal Investments
Topic: Investing as an American living in Japan
Replies: 16
Views: 1938

Re: Investing as an American living in Japan

Apparently next year they will start offering individual inflation-indexed bonds, which would interest me, but there seems to be no real benefit to holding the normal bonds right now. I am currently thinking about investing in individual local-currency denominated inflation-indexed bonds in my home...
by marcos123
Sun Jun 26, 2016 11:27 am
Forum: Personal Consumer Issues
Topic: Your favorite country to possibly retire to?
Replies: 88
Views: 7218

Re: Your favorite country to possibly retire to?

Brazil. For the people, the climate, the culture, the beaches (outside of urban centers), the mountains. Don't move however for a COL reduction. Learn the language for a meaningful experience. Be sure to have budgeted for a private health plan (may be local with rider for international travel), as M...
by marcos123
Sun Feb 14, 2016 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Alarming Morningstar Article - Are Custodians for Inherited IRA's Really this Bad?
Replies: 5
Views: 1247

Re: Alarming Morningstar Article - Are Custodians for Inherited IRA's Really this Bad?

Thank you for your responses, I was actually hoping that those who did respond would respond! I certainly did not mean to call into question Ms. Choate's street cred - I was really just looking for a reality check, particularly on point #4. I was not aware of this issue and indeed am "alarmed&q...
by marcos123
Sat Feb 13, 2016 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Alarming Morningstar Article - Are Custodians for Inherited IRA's Really this Bad?
Replies: 5
Views: 1247

Alarming Morningstar Article - Are Custodians for Inherited IRA's Really this Bad?

Morningstar posted the following alarming article today: "Inherited IRA Owners: Watch Out for These Plan Administrator Snafus." Author is Nathalie Choate. http://news.morningstar.com/articlenet/article.aspx?id=741393#cpage=1 Point #4 seems particularly disturbing. Note: the other points do...
by marcos123
Sun Dec 20, 2015 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Foreign Tax Credit - how use it before expiry in eight years
Replies: 22
Views: 1611

Re: Foreign Tax Credit - how use it before expiry in eight years

Thanks ... credit is from passive activity ... not an expat. Understood - those examples however pertain to passive income. Generally, such locally tax-advantaged transactions are available to local residents. Still, to the extent you qualify for certain foreign tax breaks as a non-resident that th...
by marcos123
Sun Dec 20, 2015 8:39 pm
Forum: Investing - Help with Personal Investments
Topic: Foreign Tax Credit - how use it before expiry in eight years
Replies: 22
Views: 1611

Re: Foreign Tax Credit - how use it before expiry in eight years

If you were an expat, then I would suggest availing of any of a series of potential asymmetries in the foreign tax code vs the US tax code for a given investment, transaction, or vehicle. For example, if there is a locally tax-exempt investment that generates substantial yield or capital gains that ...
by marcos123
Sun Nov 01, 2015 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Questions about Ally Bank
Replies: 16
Views: 2776

Re: Questions about Ally Bank

Eye opening... My wife has had ING Direct Orange (now Cap One 360) for over a decade and had no idea We will look into this, and transfer out accordingly if this is the case FWIW they do allow for revocable trust accounts, for both checking and savings, and, at least in the case of ING Direct, acce...
by marcos123
Wed Oct 28, 2015 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Can you trade-up your credit cards?
Replies: 14
Views: 2094

Re: Can you trade-up your credit cards?

As it is sometimes tricky for expats to apply for new cards, especially if they rely on an overseas income stream and/or do not maintain a US-based address, trading up may well be the only practical option. You forego the short-term bonus, but long-term you get the card you want without placing your...
by marcos123
Sun Oct 25, 2015 1:39 pm
Forum: Investing - Theory, News & General
Topic: Expat concern: Common Reporting Standard
Replies: 7
Views: 982

Re: Expat concern: Common Reporting Standard

On a lighter note. If Fiji taxed your IRA and you paid wouldn't you get a corresponding Foreign Tax Credit on the other side so you are not double taxed anyways? No. Nor in the case where: - If the US taxed your Fiji IRA and you paid wouldn't you get a corresponding Foreign Tax Credit on the other ...
by marcos123
Sun Sep 06, 2015 8:25 pm
Forum: Investing - Help with Personal Investments
Topic: Expat: Vanguard declines to give advice. Move to Schwab?
Replies: 16
Views: 2663

Re: Expat: Vanguard declines to give advice. Move to Schwab?

I am a US citizen living abroad with a US mailing address service and I maintain a skype-based US phone number. For all of my financial relationships with American companies, I operate on a "don't ask, don't tell" basis when it comes to my living abroad. If the issue comes up (for instanc...
by marcos123
Wed Jul 01, 2015 12:46 am
Forum: Investing - Help with Personal Investments
Topic: Open IRA before moving abroad (to Brazil)?
Replies: 6
Views: 1080

Re: Open IRA before moving abroad (to Brazil)?

Since Brazil does not have a tax treaty with the U.S., does anyone know how they might treat this IRA contribution? I actually know this, as when I became a tax resident down here, I invested in the services of a Big Four accounting firm, for planning purposes. And the answer is: Brazil tax law, no...
by marcos123
Mon Jun 08, 2015 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Living Overseas, Currency Risk, and International Funds
Replies: 14
Views: 1500

Re: Living Overseas, Currency Risk, and International Funds

As an expat based in Brazil who ER'ed here just over a decade ago, I have had around half of my portfolio invested here and the other half in the US. I aimed to, similar in concept to a LMP, hedge my local currency expenses with local currency income, especially since the overwhelming portion of my ...
by marcos123
Sun Apr 19, 2015 2:33 pm
Forum: Personal Consumer Issues
Topic: noise-blocking headphones
Replies: 39
Views: 6090

Re: noise-blocking headphones

I've had an old version of the bose noise canceling over the ear headphones. the black ear pieces disintegrated over time.? The mid-2000s Bose over-the-ear headphones indeed had a problem where the plastic over time became brittle and disintegrated (I've seen many held together by zip-ties and duck...
by marcos123
Mon Mar 02, 2015 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Can I e-file? Form 8938 and 3 foreign accounts?
Replies: 5
Views: 1136

Re: Can I e-file? Form 8938 and 3 foreign accounts?

It seems TaxACT will work for me next year. Marcos, what version of TaxACT did you use that let you e-file form 8938 with multiple continuation statements? I use Deluxe Federal (currently $12.99) just for ease in importing previous year's data. However, given their service model (not based on numbe...
by marcos123
Sun Mar 01, 2015 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Can I e-file? Form 8938 and 3 foreign accounts?
Replies: 5
Views: 1136

Re: Can I e-file? Form 8938 and 3 foreign accounts?

TaxAct permits e-filing with Form 8938 including continuation page with multiple foreign accounts.
by marcos123
Sun Mar 01, 2015 7:17 pm
Forum: Personal Consumer Issues
Topic: Favorite chocolate candy
Replies: 51
Views: 5402

Re: Favorite chocolate candy

Ghirardelli Dark with Caramel

Lindt 85%
by marcos123
Sun Mar 01, 2015 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct (no TIPS or Series I) and taxes
Replies: 9
Views: 1434

Re: Treasury Direct (no TIPS or Series I) and taxes

bump - Could one of the fixed income experts just confirm my understanding above? Many thanks in advance.
by marcos123
Sun Mar 01, 2015 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct (no TIPS or Series I) and taxes
Replies: 9
Views: 1434

Re: Treasury Direct (no TIPS or Series I) and taxes

Many thanks for all the responses - very helpful. With amortization, you would want to amortize any premium as that is most advantageous from a tax perspective. Understood. But just for simplicity sake, instead of amortizing the premium: - I could still opt to use the default option, right, with the...
by marcos123
Wed Feb 25, 2015 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct (no TIPS or Series I) and taxes
Replies: 9
Views: 1434

Treasury Direct (no TIPS or Series I) and taxes

I am thinking about diversifying my US portfolio with individual USG notes and bonds (no TIPS or Series I) with semi-annual interest payouts via Treasury Direct. This would be in my taxable account, and my other key objective is to absolutely continue to keep my US tax reporting simple. My question ...
by marcos123
Sat Jan 31, 2015 6:12 pm
Forum: Investing - Help with Personal Investments
Topic: forgoing foreign tax credit
Replies: 8
Views: 1160

Re: forgoing foreign tax credit

But if one is faced with the issue of which to put in taxable and which in tax protected, and one has the choice, all else being equal, one should put the domestic in tax protected and the foreign in taxable The problem is that not all else is equal. The foreign funds right now have higher yields a...
by marcos123
Mon Jan 12, 2015 7:44 am
Forum: Investing - Theory, News & General
Topic: Why buy total international and not each country?
Replies: 21
Views: 2796

Re: Why buy total international and not each country?

I am an American retired in the Philippines. I keep about 4% of my portfolio invested in the Philippines country ETF (ishares:EPHE) and that is the only country ETF that I own. So this is about 6% of my equity holdings. This is an overweight of about 20x relative to the country's portion of global ...
by marcos123
Sun Dec 28, 2014 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: Did/do/will foreign banks issue form 1099INT?
Replies: 8
Views: 1216

Re: Did/do/will foreign banks issue form 1099INT?

Very unlikely as the report you reference is not mandated by the Fatca reg's! Which of course is not very helpful for you or any fellow expat's on this board (like myself) with such accounts who would simply like to ensure matching of their, vs. their local bank's, reporting to the same US entity. N...
by marcos123
Sun Dec 28, 2014 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: retirement spending covered by SS
Replies: 34
Views: 2903

Re: retirement spending covered by SS

I can't speak for the OP, but he appears to be using social security's own definition of retirement age.

Which is "the age at which you begin receiving Social Security retirement benefits."
by marcos123
Sat Nov 22, 2014 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax '14 Deluxe (Desktop) Excludes Schedule D
Replies: 223
Views: 37115

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 10:49 pm
Forum: Personal Consumer Issues
Topic: A week in Tuscany: April 2015. Suggestions?
Replies: 22
Views: 2226

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
Sun Oct 26, 2014 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: EverBank
Replies: 13
Views: 3228

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
Tue Oct 07, 2014 9:40 pm
Forum: Investing - Theory, News & General
Topic: Mutual Funds vs. Exchange Traded Funds (ETFs)
Replies: 37
Views: 3698

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
Sun Sep 07, 2014 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Account [Automatically Closed] due to inactivity
Replies: 29
Views: 3857

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 Aug 17, 2014 6:48 pm
Forum: Investing - Theory, News & General
Topic: Most Hated Brokerage Firm? [or one that you love]
Replies: 95
Views: 13700

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 6:03 pm
Forum: Investing - Theory, News & General
Topic: Most Hated Brokerage Firm? [or one that you love]
Replies: 95
Views: 13700

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 4:00 pm
Forum: Investing - Theory, News & General
Topic: Most Hated Brokerage Firm? [or one that you love]
Replies: 95
Views: 13700

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
Tue Apr 22, 2014 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Foreign Bona-fide residency
Replies: 12
Views: 2359

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 08, 2014 6:17 pm
Forum: Personal Consumer Issues
Topic: Dual pane windows
Replies: 11
Views: 1543

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 5:44 pm
Forum: Personal Consumer Issues
Topic: Why Americans are Retiring Overseas
Replies: 109
Views: 14385

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
Mon Apr 07, 2014 8:56 pm
Forum: Personal Finance (Not Investing)
Topic: 1040 address for foreign filer (unreliable mail)
Replies: 3
Views: 714

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
Sun Apr 06, 2014 5:38 pm
Forum: Investing - Theory, News & General
Topic: American Funds?
Replies: 37
Views: 4106

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
Wed Apr 02, 2014 3:49 pm
Forum: Investing - Theory, News & General
Topic: American Funds?
Replies: 37
Views: 4106

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 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Is Our Accountant Over-Charging Us?
Replies: 30
Views: 5690

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
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: 1254

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 Mar 25, 2014 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Need advice! Retirement Plan offers Lump-Sum Payout
Replies: 31
Views: 3391

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
Mon Mar 24, 2014 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice! Retirement Plan offers Lump-Sum Payout
Replies: 31
Views: 3391

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 17, 2014 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Is the foreign tax credit worth it?
Replies: 17
Views: 1592

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
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: 280
Views: 44890

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 8:20 am
Forum: Personal Consumer Issues
Topic: Do you have a favorite chocolate bar?
Replies: 86
Views: 7791

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...

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