Search found 117 matches

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: 1179

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: 1179

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: 1372

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: 1372

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: 2585

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: 1907

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: 840

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: 2394

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: 987

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: 1384

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: 4504

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: 1048

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: 1048

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: 4902

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: 1366

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: 1366

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: 1366

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: 1086

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: 2620

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: 1140

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: 2704

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: 34628

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: 2045

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: 2998

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: 3519

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: 3486

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: 12431

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: 12431

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: 12431

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: 2214

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: 1431

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: 13782

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: 648

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: 3939

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: 3939

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: 5242

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: 1155

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: 3128

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: 3128

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: 1411

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: 43103

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: 7072

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
Sun Mar 09, 2014 8:39 pm
Forum: Personal Consumer Issues
Topic: Do you have a favorite chocolate bar?
Replies: 86
Views: 7072

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
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: 3298

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 9:13 pm
Forum: Investing - Help with Personal Investments
Topic: Moving to Australia - what to do about retirement accounts
Replies: 19
Views: 3298

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 Feb 10, 2014 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Freezing Credit - Should I?
Replies: 23
Views: 2610

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 5:00 pm
Forum: Investing - Theory, News & General
Topic: Are Individual Bonds Right for You?
Replies: 57
Views: 3725

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
Sun Feb 09, 2014 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Emerging Markets Bonds
Replies: 20
Views: 1554

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
Mon Jan 13, 2014 8:44 pm
Forum: Investing - Help with Personal Investments
Topic: [Singapore] Which bond fund?
Replies: 7
Views: 731

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...

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