Search found 94 matches

by wineandplaya
Thu Mar 19, 2020 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Paid sick leave for household employees during COVID-19 outbreak
Replies: 0
Views: 258

Paid sick leave for household employees during COVID-19 outbreak

We have a nanny caring for our daughter in our home and we would like to ensure that she can stay home without worrying about the economic consequences if she starts exhibiting any possible coronavirus symptoms whatsoever. From what I'm reading from media reports, the president has signed into law a...
by wineandplaya
Sat Feb 15, 2020 3:44 am
Forum: Personal Consumer Issues
Topic: Recommended biology/life science related majors and careers?
Replies: 51
Views: 3498

Re: Recommended biology/life science related majors and careers?

Bioinformatics is an interesting field with lots of potential. I once worked at a bioinformatics lab as a mathematician and quite enjoyed it. A chemical/biological engineering degree with lots of math & programming would be an excellent fit for such a lab. A graduate degree (preferably PhD) is almos...
by wineandplaya
Mon Feb 03, 2020 4:21 am
Forum: Personal Investments
Topic: Dollar cost averaging at Fidelity
Replies: 13
Views: 1533

Re: Dollar cost averaging at Fidelity

It's strange that they don't offer this. I would just do weekly investments for half of the amount.
by wineandplaya
Thu Jan 23, 2020 7:40 am
Forum: US Chapters
Topic: Sad news: LadyGeek's husband has passed
Replies: 352
Views: 27935

Re: Sad news: LadyGeek's husband has passed

Sorry for your loss. Your commitment to helping others is truly inspiring!
by wineandplaya
Mon Jan 13, 2020 3:01 pm
Forum: Personal Investments
Topic: Job has turned insecure
Replies: 13
Views: 1865

Re: Job has turned insecure

Does your job offer a 457b in addition to your 403b?
by wineandplaya
Wed Jan 08, 2020 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Employer not enforcing HCE provision in 401(k) plan
Replies: 28
Views: 2403

Re: Employer not enforcing HCE provision in 401(k) plan

HCE restriction only comes into play if your employer's 401K is not a safe harbor plan. Do you know whether your employer's 401K is or is not a safe harbor plan? For example, if the employer provides X% of non-matching contributions to the 401K for all employees, it becomes a safe harbor plan. I do...
by wineandplaya
Wed Jan 08, 2020 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Employer not enforcing HCE provision in 401(k) plan
Replies: 28
Views: 2403

Re: Employer not enforcing HCE provision in 401(k) plan

sailaway wrote: Wed Jan 08, 2020 3:31 pm Are you in the top 20% of your company? The IRS definition is a multi parter.
I would think so (my base salary is 160k), but I don't know for sure.
by wineandplaya
Wed Jan 08, 2020 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Employer not enforcing HCE provision in 401(k) plan
Replies: 28
Views: 2403

Employer not enforcing HCE provision in 401(k) plan

2019 was the first full year at my company for me and therefor the first year I made above the $125k limit to be considered a "highly compensated employee" per IRS definition. According to my 401(k) plan document, this means that I should only be able to contribute 4 % to my after-tax 401(k), in add...
by wineandplaya
Mon Jan 06, 2020 6:06 am
Forum: Non-US Investing
Topic: How much home bias do you have in your portfolio?
Replies: 41
Views: 2316

Re: How much home bias do you have in your portfolio?

Just using market cap for allocation weighting is like saying that all companies should be treated equally, no matter in which country they are situated. But risks *are* correlated with where they are situated. All US companies are subject to strongly correlated taxation risks and trade policy risk...
by wineandplaya
Mon Jan 06, 2020 5:43 am
Forum: Non-US Investing
Topic: How much home bias do you have in your portfolio?
Replies: 41
Views: 2316

Re: How much home bias do you have in your portfolio?

German GDP is approximately 5 times larger than Swiss GDP and 30 % larger than either France or UK. US has less than 25 % of global GDP. If you just use market cap for weighting, you'll arguably be overexposed to countries with large financial markets. GDP doesn't really matter. China is close in s...
by wineandplaya
Mon Jan 06, 2020 5:04 am
Forum: Non-US Investing
Topic: How much home bias do you have in your portfolio?
Replies: 41
Views: 2316

Re: How much home bias do you have in your portfolio?

Neutral weights are currently: 10.20% Emerging Markets & Other (3.5% China) 18.40% Europe (5.0% UK, 3.0% France, 2.6% Switzerland, 2.5% Germany) 12.80% Pacific (7.7% Japan, 2.2% Australia) 58.60% North America (55.6% USA, 3.0% Canada) German GDP is approximately 5 times larger than Swiss GDP and 30...
by wineandplaya
Mon Jan 06, 2020 4:24 am
Forum: Non-US Investing
Topic: How much home bias do you have in your portfolio?
Replies: 41
Views: 2316

Re: How much home bias do you have in your portfolio?

I think most of the users here that aren't in the US are in a country which makes up 1-3% of the global market cap. So pretty similar situation for Canada, Switzerland, UK, France, Germany, Australia, Spain, Sweden etc. It would be interesting to read what home bias people in those countries have. ...
by wineandplaya
Fri Jan 03, 2020 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Getting married, spouse low/no-income. What to do?
Replies: 15
Views: 3142

Re: Getting married, spouse low/no-income. What to do?

I'd be careful on this. Have you discussed whether her long term goals are to be a SAHM or a working professional and mom simultaneously? My wife wouldn't be able to function without her job. In fact, it makes coming home to our children every evening even better. Also, as someone stated above, $35...
by wineandplaya
Sun Dec 29, 2019 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: SECURE Act - 529 Plans
Replies: 45
Views: 5976

Re: SECURE Act - 529 Plans

Fwiw, I'm planning to use the new 529 student loan provision for a secondary emergency fund. I'm putting $9k-ish for myself and $9k-ish for my wife and invest in an interest bearing but close to risk-free investment. In the unlikely event that we have to use the emergency funds we'll pay the 10 % pe...
by wineandplaya
Wed Dec 25, 2019 12:45 pm
Forum: Non-US Investing
Topic: Favorite country to live in after FIRE?
Replies: 191
Views: 19033

Re: Favorite country to live in after FIRE?

Is it possible to retire in the US without a greencard or US passport? I mean as a European with 2-3M in assets. How could you apply to stay there? Note that in general, you won't qualify for Medicare or Social Security if you haven't worked 10 years in the US (exceptions exist for countries with t...
by wineandplaya
Mon Dec 23, 2019 10:20 pm
Forum: Personal Finance (Not Investing)
Topic: SECURE Act - 529 Plans
Replies: 45
Views: 5976

Re: SECURE Act - 529 Plans

This is interesting, as I was not aware of a “seasoning” period. I can’t find any literature on whether Virginia has such a requirement. Here is a list of 529 recapture provisions, not sure how complete: https://www.savingforcollege.com/compare_529_plans/?plan_question_ids[]=96&page=compare_plan_qu...
by wineandplaya
Mon Dec 23, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: SECURE Act - 529 Plans
Replies: 45
Views: 5976

Re: SECURE Act - 529 Plans

Note that the 529 provisions are effective for all of 2019, so there may still be a limited window to act this year. My state requires 529 funds to have been in the account for at least 365 days before reimbursement. So contribution before the end of the year is needed to be able to use the student...
by wineandplaya
Sun Dec 22, 2019 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Opening 529 for paying down student loans
Replies: 0
Views: 285

Opening 529 for paying down student loans

Thanks to the just passed SECURE act, it is now possible to use $10k per person for student loan repayments. My wife has subsidized federal student loans from college that aren't incurring any interest since she is currently in grad school. Similarly, I have some foreign student loans for which the ...
by wineandplaya
Sat Dec 21, 2019 12:07 am
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 896
Views: 150821

Re: High Earners - What's Your Profession?

AlphaLess wrote: Fri Dec 20, 2019 11:22 pm
wineandplaya wrote: Thu Dec 19, 2019 11:29 pm 200k-ish with bonus as PhD scientist (mathematics) at megacorp in the Midwest. Love my job. Normal working hours.
Interesting. What exactly do you do on a day-to-day basis?
Actuarial analysis?
Research department?
Operations research and software development related to medical devices.
by wineandplaya
Thu Dec 19, 2019 11:29 pm
Forum: Personal Finance (Not Investing)
Topic: High Earners - What's Your Profession?
Replies: 896
Views: 150821

Re: High Earners - What's Your Profession?

200k-ish with bonus as PhD scientist (mathematics) at megacorp in the Midwest. Love my job. Normal working hours.
by wineandplaya
Mon Dec 09, 2019 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: 16 Weeks Paternity Leave
Replies: 124
Views: 8947

Re: 16 Weeks Paternity Leave

Congrats to 16 weeks paternity leave! I was pleased to have gotten four weeks. In my case, I had to take the leave in whole week increments, and decided to use some of the parental leave weeks for our annual vacation to visit family. That freed up my regular vacation PTO (which I can divide up howev...
by wineandplaya
Fri Nov 22, 2019 10:51 pm
Forum: Personal Investments
Topic: How to do after-tax contribution to Prudential Roth 401k?
Replies: 8
Views: 615

Re: How to do after-tax contribution to Prudential Roth 401k?

FWIW, my Prudential 401(k) doesn't support in plan Roth rollover. But I can still do the mega backdoor by calling Prudential and requesting an after tax withdrawal. And, once the check has arrived in the mail, do a 60 day rollover into my Roth IRA.
by wineandplaya
Wed Nov 20, 2019 5:19 am
Forum: Non-US Investing
Topic: EU citizen- US Green card holder - Feedback on my plan for the next 10 years.
Replies: 19
Views: 1842

Re: EU citizen- US Green card holder - Feedback on my plan for the next 10 years.

So I tought about a different plan. I am thinking about maximizing the Roth 401k (above the match), backdoor Roth Ira route for me and spouse and maybe MegaBackdoor roth ira. My reasoning is what if I actually want to apply for/keep a US Citizenship? At least in this method, some tax diversificatio...
by wineandplaya
Fri Nov 15, 2019 8:39 pm
Forum: Non-US Investing
Topic: Non resident Alien considering relocation from US to EU
Replies: 10
Views: 944

Re: Non resident Alien considering relocation from US to EU

I'm thinking of Germany as my primary option, followed by France and Sweden. Germany and France both have usable US estate tax treaties, leaving you safe from US estate tax up to $11m of assets. Sweden does not, so here you would only get the miserly $60k US estate tax exemption. If you move to Swe...
by wineandplaya
Thu Nov 14, 2019 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: End-of-year bonus for nanny with leftover FSA funds?
Replies: 3
Views: 551

Re: End-of-year bonus for nanny with leftover FSA funds?

I don’t know if a bonus would be OK or not. But, since caretakers per hour wage can vary quite a bit, could you just bump her per hour rate for the rest of the year? That is an alternative. But it would sort of ruin the surprise element. And we also don't know in advance how much leftover money we ...
by wineandplaya
Thu Nov 14, 2019 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: End-of-year bonus for nanny with leftover FSA funds?
Replies: 3
Views: 551

End-of-year bonus for nanny with leftover FSA funds?

It looks like we won't be using up all the funds in our dependent care FSA this year. Since the money is use-it-or-lose-it, I thought we might as well give the leftover money (probably around $1000) to our great part-time nanny as an end-of-year bonus. Is this permitted or will it raise red flags? W...
by wineandplaya
Tue Nov 12, 2019 10:16 pm
Forum: Non-US Investing
Topic: European in the US wants to FIRE in 5 years. Questions.
Replies: 44
Views: 4251

Re: European in the US wants to FIRE in 5 years. Questions.

The country is Sweden. Does anyone have experience with this? If you speak Swedish, the forum at www.skatter.se is a good resource for international tax-related questions. You can probably write in English there as well. Realize that Swedish tax rates are much steeper than US ones, especially incom...
by wineandplaya
Tue Nov 12, 2019 2:30 am
Forum: Non-US Investing
Topic: Advantages for US persons abroad
Replies: 42
Views: 3895

Re: Advantages for US persons abroad

Back on topic ... is there enough material here for a wiki page? While there are a few small niche non-tax benefits, I count only a very few actual US tax advantages , and at least one of these, possibly two, are really just being able to avoid US tax nonresident alien disadvantages . If not a new ...
by wineandplaya
Sun Nov 10, 2019 9:29 pm
Forum: Non-US Investing
Topic: Advantages for US persons abroad
Replies: 42
Views: 3895

Re: Advantages for US persons abroad

f you also qualify for a non-US pension as a result of working abroad, you do however need to watch out for SSA's 'windfall elimination provision'. https://www.americansabroad.org/windfall-elimination-provision/ I think those are increasingly rare abroad, at least in Europe. I've worked and paid in...
by wineandplaya
Sun Nov 10, 2019 1:16 pm
Forum: Non-US Investing
Topic: Advantages for US persons abroad
Replies: 42
Views: 3895

Re: Advantages for US persons abroad

The OP said: "Depending on the local taxation, you can slowly roll-over pre-tax IRA/401(k) to Roth, paying little or no income taxes (no state taxes, little federal taxes if foreign income is excluded using the FTC or FEIE." Your understanding is wrong. Here is what the IRS says: "Figuring the tax:...
by wineandplaya
Sun Nov 10, 2019 1:04 pm
Forum: Non-US Investing
Topic: Advantages for US persons abroad
Replies: 42
Views: 3895

Re: Advantages for US persons abroad

OP, do you plan to retire in the US? Or do you actually plan to live out of the US forever? If the latter, then holding the US citizenship is a huge liability. Your financial life will be ruined. My wife's family all live in the US and my family all live in Europe. I think that the most likely scen...
by wineandplaya
Sun Nov 10, 2019 12:31 pm
Forum: Non-US Investing
Topic: Advantages for US persons abroad
Replies: 42
Views: 3895

Re: Advantages for US persons abroad

It may depend on how long you work in those countries. I also think it depends *when* you worked in those countries. For Sweden, the old pension system (that could trigger WEP as per the totalization agreement) was replaced with a defined-contribution system in the mid 90'ies. If you worked there t...
by wineandplaya
Sun Nov 10, 2019 10:15 am
Forum: Non-US Investing
Topic: Advantages for US persons abroad
Replies: 42
Views: 3895

Re: Advantages for US persons abroad

f you also qualify for a non-US pension as a result of working abroad, you do however need to watch out for SSA's 'windfall elimination provision'. https://www.americansabroad.org/windfall-elimination-provision/ I think those are increasingly rare abroad, at least in Europe. I've worked and paid in...
by wineandplaya
Sat Nov 09, 2019 6:19 pm
Forum: Non-US Investing
Topic: Advantages for US persons abroad
Replies: 42
Views: 3895

Advantages for US persons abroad

There are some threads about all the unique tax-disadvantages that US persons (i.e. citizens and green card holders) abroad face. But there are also some unique tax *advantages*, both compared to non-US persons abroad and to US persons living in the US. To make the prospect of being a US person abro...
by wineandplaya
Fri Nov 08, 2019 11:22 pm
Forum: Non-US Investing
Topic: EU citizen- US Green card holder - Feedback on my plan for the next 10 years.
Replies: 19
Views: 1842

Re: EU citizen- US Green card holder - Feedback on my plan for the next 10 years.

Good idea. I have already put some money in a traditional 401k this year. Any possibility of recharacterization of this year's contributions? I doubt you can do that. If you change employer, you could roll it over to a Roth IRA however, and be able to access the money penalty-free five years later....
by wineandplaya
Fri Nov 08, 2019 9:08 pm
Forum: Non-US Investing
Topic: EU citizen- US Green card holder - Feedback on my plan for the next 10 years.
Replies: 19
Views: 1842

Re: EU citizen- US Green card holder - Feedback on my plan for the next 10 years.

You might want to do Roth 401(k) instead of traditional. You can then get your contributions back when quitting your job without tax consequences. Traditional (on top of your pretax employer match) might push you up to a higher tax bracket. Your penalty will be much smaller also since it will only a...
by wineandplaya
Tue Nov 05, 2019 11:17 pm
Forum: Non-US Investing
Topic: [wiki] New page for (potential) US citizens abroad: "US tax pitfalls ..."
Replies: 16
Views: 1295

Re: [wiki] New page for (potential) US citizens abroad: "US tax pitfalls ..."

Maybe mention the risk of local taxation of Roth earnings. While Roth IRA and Roth 401(k) distributions in retirement are free of US tax, whether they'll get hit by local taxes varies from country to country and is sometimes unclear. Solution might be to stick with traditional IRA/401(k) or move the...
by wineandplaya
Fri Nov 01, 2019 8:26 pm
Forum: Non-US Investing
Topic: FTC vs. FEIE in a high-tax country
Replies: 3
Views: 404

Re: FTC vs. FEIE in a high-tax country

TedSwippet, Thank you for a very good overview - definitely a lot to think about and I will probably have to revisit some of it. My wife is American and her family lives here so cutting ties with the US completely isn't really an option for us. We might have to move back to be close to her parents a...
by wineandplaya
Fri Nov 01, 2019 11:49 am
Forum: Non-US Investing
Topic: FTC vs. FEIE in a high-tax country
Replies: 3
Views: 404

FTC vs. FEIE in a high-tax country

I'm trying to understand the implications of the foreign tax credit (FTC) vs. the foreign earned income exclusion (FEIE) once my wife and I decide to move to Europe a couple of years from now. The countries we are considering living in are all countries with significantly higher tax rates than the U...
by wineandplaya
Mon Oct 21, 2019 4:55 am
Forum: Investing - Theory, News & General
Topic: Help me think about Pakistani bond
Replies: 55
Views: 5527

Re: Help me think about Pakistani bond

It seems like everyone's answers so far are in terms of what the OP should do. I'm curious as to what OP's Pakistani friend should do. Suppose I'm from Pakistan, with family ties, etc. in Pakistan, but I'm living in the US. Is this still as bad of a deal for me as it would be for the average Americ...
by wineandplaya
Sun Sep 29, 2019 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Employer is relocating - how to be allowed to work remotely
Replies: 51
Views: 4192

Re: Employer is relocating - how to be allowed to work remotely

And? That is simply more evidence that you might not be as valuable to management as you think you are. BTW, that is not to suggest that you aren't very valuable to the future success of the company, but if they were convinced of that this wouldn't even be a topic of discussion. Exactly! I don't de...
by wineandplaya
Sun Sep 29, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Employer is relocating - how to be allowed to work remotely
Replies: 51
Views: 4192

Re: Employer is relocating - how to be allowed to work remotely

Not to beat a dead horse but if you are truly irreplaceable then the best thing for the company to do might be to just cancel your project and do some other sort of business. The problem is that even if they paid you boatloads of money to keep you happy and let you work remotely then there is a sti...
by wineandplaya
Sun Sep 29, 2019 3:38 pm
Forum: Personal Finance (Not Investing)
Topic: Employer is relocating - how to be allowed to work remotely
Replies: 51
Views: 4192

Re: Employer is relocating - how to be allowed to work remotely

Not to beat a dead horse but if you are truly irreplaceable then the best thing for the company to do might be to just cancel your project and do some other sort of business. The problem is that even if they paid you boatloads of money to keep you happy and let you work remotely then there is a sti...
by wineandplaya
Sat Sep 28, 2019 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Employer is relocating - how to be allowed to work remotely
Replies: 51
Views: 4192

Re: Employer is relocating - how to be allowed to work remotely

I think one of the concerns of management is that if they allow some people to work remotely, others that would consider relocating might demand the same thing. This is really the issue in many of these situations. If they do it for you, they have to do it for your peers. To the extent your situati...
by wineandplaya
Sat Sep 28, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Employer is relocating - how to be allowed to work remotely
Replies: 51
Views: 4192

Re: Employer is relocating - how to be allowed to work remotely

Thanks for good suggestions. I'll try to put together a comprehensive plan, in writing, which includes a commitment to travel to the new site. I'll also avoid the topic of irreplaceability since it's clear from this thread that it can backfire. I'll also make sure that I have ample liquidity since i...
by wineandplaya
Sat Sep 28, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Employer is relocating - how to be allowed to work remotely
Replies: 51
Views: 4192

Re: Employer is relocating - how to be allowed to work remotely

1) Are you willing to travel and pay for the travel expense if you need to attend on-site meeting at the new location? I would to some extent since I have a small baby at home. The two US-based remotes I know come for maybe 2-3 days every 3 months. That would be acceptable. If I was forced to pay f...
by wineandplaya
Sat Sep 28, 2019 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Employer is relocating - how to be allowed to work remotely
Replies: 51
Views: 4192

Re: Employer is relocating - how to be allowed to work remotely

... I also think it's basically impossible for the company to find a replacement for me... That may be the case but they can find a way to get your work done without you. I doubt it. I think it would simply result in a lost opportunity and smaller market share for the company. My position was left ...
by wineandplaya
Sat Sep 28, 2019 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Employer is relocating - how to be allowed to work remotely
Replies: 51
Views: 4192

Employer is relocating - how to be allowed to work remotely

My employer is relocating to another state in about a year and all employees have been given the choice of accepting a generous relocation package or get severance pay. Now, I really like my job, and want to keep it, but moving isn't really an option, for my spouse in particular, in the next three y...
by wineandplaya
Fri Sep 27, 2019 4:37 am
Forum: Non-US Investing
Topic: Investing in Norway for expat
Replies: 27
Views: 2478

Re: Investing in Norway for expat

iShares has two Norway ETFs for US based investors, ENOR and NORW, might make things a lot simpler.
by wineandplaya
Mon Sep 16, 2019 2:27 pm
Forum: Non-US Investing
Topic: Not so happy in Denmark... individual stocks better than index funds? [US ex-pat]
Replies: 43
Views: 4786

Re: Not so happy in Denmark... individual stocks better than index funds? [US ex-pat]

I assume your index funds aren't held in tax-advantaged accounts? Like 401(k)/IRA? If they were, I'd assume that the US-Denmark double taxation treaty and totalization agreement would apply. Double taxation agreement can mean little. If the US doesn't tax the 401(k), that means Denmark can. It won'...