Search found 2373 matches

by TedSwippet
Sat Oct 19, 2019 4:26 am
Forum: Non-US Investing
Topic: Portfolio for retirement at 40 - advice please! [SPAIN]
Replies: 8
Views: 707

Re: Portfolio for retirement at 40 - advice please! [SPAIN]

... The reason for mentioning Brexit - Old Mutual said that I can no longer have the GB LifeStrategy in a no deal situation and that's what started the ball rolling on looking for alternatives. OK so Brexit is only an administrative inconvenience? Hard to believe it will become impossible to buy UC...
by TedSwippet
Fri Oct 18, 2019 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Expatriation Tax : How to value gain on Angel Investments?
Replies: 7
Views: 726

Re: Expatriation Tax : How to value gain on Angel Investments?

If I pay the 23% expatriation tax on angel investment (based on for example delta in round valuations), but do not sell; then later when expatriated to the UK I sell that angel investment; do I pay UK gains on (1) the delta if any from the expatriation valuation where I paid the gain tax, or (2) th...
by TedSwippet
Wed Oct 16, 2019 8:04 am
Forum: Non-US Investing
Topic: Navigating US tax traps
Replies: 6
Views: 462

Re: Navigating US tax traps

TedSwippet, thank you very much for such a detailed answer. Really appreciate your time and effort. No problem. Thanks for dropping by again. Also, your question on ADRs was an interesting one, and not something I had considered before -- thanks for raising it. When I have a bit of spare time I wil...
by TedSwippet
Wed Oct 16, 2019 7:42 am
Forum: Non-US Investing
Topic: Navigating US tax traps
Replies: 6
Views: 462

Re: Navigating US tax traps

Welcome. In the responses below, I have assumed that you are a US nonresident alien living in one of the many countries without a US estate tax treaty . If either of these is not the case, the responses to your questions will be different. a. If I die while holding more than 60K equivalent (market v...
by TedSwippet
Tue Oct 15, 2019 6:08 am
Forum: Non-US Investing
Topic: UK resident US citizen money market funds
Replies: 1
Views: 139

Re: UK resident US citizen money market funds

Welcome. Briefly, I am a dual UK/US citizen currently resident in the UK with all investments housed in the USA. I would like to put some money into a US money market fund but am having trouble finding out if the funds in question have UK reporting status . Have slogged through the awful UK gov spre...
by TedSwippet
Tue Oct 15, 2019 5:55 am
Forum: Non-US Investing
Topic: How can a EU resident own physical gold? [through an ETF]
Replies: 6
Views: 511

Re: How can a EU resident own physical gold? [through an ETF]

Does anyone know of a ticker which I am allowed to own as a EU resident that actually confers ownership to an underlying actual physical gold? Even though its legal structure is listed as 'ETC', would WisdomTree Physical Gold (PHAU) do? WisdomTree Physical Gold is designed to offer security holders...
by TedSwippet
Mon Oct 14, 2019 6:20 am
Forum: Non-US Investing
Topic: LSEETF vs. AEB
Replies: 17
Views: 795

Re: LSEETF vs. AEB

Today, the euro/usd is 1.10 vs 1.15-1.20 at the beginning of the year. Shall I convert 50% of IWDA from USD to EURO then? Or is it a bad idea? Switching between IWDA traded in EUR and IWDA traded in USD will make absolutely no difference at all to your investment returns. An ETF's trading and denom...
by TedSwippet
Sun Oct 13, 2019 12:32 pm
Forum: Non-US Investing
Topic: U.S. expat in Japan with Japanese spouse - pre/post retirement taxation
Replies: 3
Views: 410

Re: U.S. expat in Japan with Japanese spouse - pre/post retirement taxation

I have nothing to offer on your Japanese tax questions -- not a Japanese resident, nor ever have been, sorry -- but I do have a thought on this aspect of your post: My spouse is a green card holder. We are in our early 30's. We've been resident in Japan for 1 year and lived/worked in the U.S. prior ...
by TedSwippet
Sun Oct 13, 2019 9:27 am
Forum: Non-US Investing
Topic: Global Child Brokerage Accounts - Non US
Replies: 6
Views: 538

Re: Child Brokerage Accounts

I've set up custodial account for my kids. Any money the make and wish to invest goes into their accounts. There are some minor tax advantages. Earnings are taxed at their rate. But, please know that upon 18, the child's account is owned by them. They can make bad choices and remove all $, if they ...
by TedSwippet
Sun Oct 13, 2019 7:45 am
Forum: Non-US Investing
Topic: European in the US wants to FIRE in 5 years. Questions.
Replies: 40
Views: 2999

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

That's why I like US investment (less taxes) Not necessarily. At the extreme, a US investor might pay more than 35% federal tax, more than 10% state tax, and then 3.8% on top of both of these due to NIIT. Even at moderate levels of income, US federal and state tax combined can be high. I live in th...
by TedSwippet
Sun Oct 13, 2019 4:36 am
Forum: Non-US Investing
Topic: European in the US wants to FIRE in 5 years. Questions.
Replies: 40
Views: 2999

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

If I have understood correctly, a Swedish citizen with a Swedish broker who buys US investments that pay dividends (using the treaty) pay 15% tax in the US and another 15% tax in Sweden (total 30% tax on dividends). This is for taxable accounts. Assuming that a) the tax rate in Sweden for dividends...
by TedSwippet
Sat Oct 12, 2019 3:47 am
Forum: Non-US Investing
Topic: LSEETF vs. AEB
Replies: 17
Views: 795

Re: LSEETF vs. AEB

1. When I search for IWDA or EMIM I get two versions. One that says AEB and one that says LSEETF. Which one am I supposed to buy? 2. Why do they have different prices? IWDA AEB is listed as 53 approx IWDA LSEETF is listed as 58 approx. AEB is the Euronext exchange in Amsterdam. IWDA trades and is q...
by TedSwippet
Fri Oct 11, 2019 5:00 pm
Forum: Personal Finance (Not Investing)
Topic: Tax on Inheritance by U.S. Citizen from Canadian Resident - Section 2801
Replies: 6
Views: 574

Re: Tax on Inheritance by U.S. Citizen from Canadian Resident - Section 2801

Regarding Section 2801, I guess I'll just keep an eye out for any developments on that front, since there doesn't seem to be anything I can do about it. A recent SSRN paper on Section 2801 that might be of some interest, if you haven't already seen it: How IRS Guidance Makes it impossible to Comply...
by TedSwippet
Thu Oct 10, 2019 5:45 pm
Forum: Non-US Investing
Topic: European in the US wants to FIRE in 5 years. Questions.
Replies: 40
Views: 2999

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

Are you saying that a resident of Spain with a US 401k should pay taxes only in US (per Article 20.1.a would be applied). Doesn't the below means that the overwrite comes into effect *just* because you are resident of Spain? 3. Notwithstanding any provision of the Convention except paragraph 4, a C...
by TedSwippet
Thu Oct 10, 2019 11:43 am
Forum: Non-US Investing
Topic: European in the US wants to FIRE in 5 years. Questions.
Replies: 40
Views: 2999

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

Thanks for helping me parse this. For me it's difficult language, and in my mind Article 20.1.a and article 1 paragraph 3 are contradictory. They are not exactly contradictory. It works like this: Article 1 paragraph 3 overrides all other treaty clauses, and says that US citizens have no treaty ben...
by TedSwippet
Thu Oct 10, 2019 7:36 am
Forum: Non-US Investing
Topic: Canadian Expat (Qatar) - VGRO withholding tax
Replies: 1
Views: 112

Re: Canadian Expat (Qatar) - VGRO withholding tax

Welcome.
Tobarus wrote:
Thu Oct 10, 2019 5:41 am
Hi everyone! As an Canadian (non-resident Canadian, living/working in Qatar), I was wondering if someone could shed some light on this? ...
If you haven't already, it might be worthwhile posting your question on our sister Canadian forum: Financial Wisdom Forum
by TedSwippet
Thu Oct 10, 2019 5:05 am
Forum: Non-US Investing
Topic: European in the US wants to FIRE in 5 years. Questions.
Replies: 40
Views: 2999

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

Based on this readings of the Belgium treaty, I was always trying to re-parse a discussion we had in another thread. It is pointless trying to extrapolate one US tax treaty into another. If you are a retiree US citizen living in Spain, it seems you pay SS taxes only in US. But what about retirement...
by TedSwippet
Thu Oct 10, 2019 3:48 am
Forum: US Chapters
Topic: Suggestions for the Wiki
Replies: 454
Views: 306208

Re: Suggestions for the Wiki

I have a suggestion for updating the page: Non-US investor's guide to navigating US tax traps (https://www.bogleheads.org/wiki/Non-US_investor%27s_guide_to_navigating_US_tax_traps#A4) The current recommendation is if you plan to invest over USD60K in US, don't. This is due to high estate taxes. How...
by TedSwippet
Wed Oct 09, 2019 12:57 pm
Forum: Non-US Investing
Topic: European in the US wants to FIRE in 5 years. Questions.
Replies: 40
Views: 2999

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

So can we conclude that in the simplest case (just salary) being in a high-tax EU country does not penalize being a US citizen. But when you start having other financial events they may. Right. This simple case is what everyone focuses on, and it is what lets congress claim (and perhaps also believ...
by TedSwippet
Wed Oct 09, 2019 8:39 am
Forum: Non-US Investing
Topic: European in the US wants to FIRE in 5 years. Questions.
Replies: 40
Views: 2999

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

And 2) does an an account being an IRA automatically make holdings US situs. I think no because you would think one could hold individual foreign stocks in their IRA and the holdings wouldn't be US situs per situs rules. At least I have never seen anything saying foreign stocks become US if in a ta...
by TedSwippet
Wed Oct 09, 2019 6:58 am
Forum: Non-US Investing
Topic: European in the US wants to FIRE in 5 years. Questions.
Replies: 40
Views: 2999

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

Couldn't fine the word 'Roth' on the French/uk treaty. For the Belgium treaty, do you refer to: (1) Except as provided in Articles 17 (Social Security Payments) and 19 (Governmental Functions), pensions and other similar remuneration paid to an individual who is a resident of one of the Contracting...
by TedSwippet
Wed Oct 09, 2019 2:29 am
Forum: Non-US Investing
Topic: European in the US wants to FIRE in 5 years. Questions.
Replies: 40
Views: 2999

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

The country is Sweden. Does anyone have experience with this? No direct experience. However, some of the treaty clauses match the one I am familiar with (UK). Parsing article 19 paragraph 1 of the 1994 US/Sweden tax treaty for a US nonresident alien living in Sweden: 1. Subject to the provisions of...
by TedSwippet
Tue Oct 08, 2019 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tax on Inheritance by U.S. Citizen from Canadian Resident - Section 2801
Replies: 6
Views: 574

Re: Tax on Inheritance by U.S. Citizen from Canadian Resident - Section 2801

I think it's highly likely that (a) the expatriation documents (I-407 etc) intended for the INS and IRS were NOT filed at any time; and that (b) U.S. tax returns were not filed between 1999 and her passing in 2019. (This is subject to verification over the coming months as we (the kids) get access ...
by TedSwippet
Tue Oct 08, 2019 2:38 am
Forum: Personal Finance (Not Investing)
Topic: Expatriation Tax : How to value gain on Angel Investments?
Replies: 7
Views: 726

Re: Expatriation Tax : How to value gain on Angel Investments?

In addition to the above - question on post expatriation taxation. If I expatriate before becoming a covered expatriate, to the UK as a UK citizen, then sell an equity held in my US account which was purchased while in the US - am I subject to any US taxation on the gain? After the date on which yo...
by TedSwippet
Mon Oct 07, 2019 2:48 pm
Forum: Non-US Investing
Topic: European in the US wants to FIRE in 5 years. Questions.
Replies: 40
Views: 2999

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

Welcome. 1. Is it worth for me to contribute to the 401k from my employer? I will likely contribute up to the match but is it worth doing more? I will only be working for 5 years. I am unsure how this account will be treated once I stop being a ”US person”? Will Roth ladder work for me? It depends o...
by TedSwippet
Mon Oct 07, 2019 10:35 am
Forum: Non-US Investing
Topic: Anyone know of an ETF that tracks teh whole world except UK?
Replies: 34
Views: 2102

Re: Anyone know of an ETF that tracks teh whole world except UK?

Top of page of your wiki link: This page contains details specific to United States (US) investors, and does not apply to non-US investors. Non-US investors can find related information at Simple non-US portfolios and Canadian versions of lazy portfolios. are you talking about THIS page? https://ww...
by TedSwippet
Sun Oct 06, 2019 12:54 pm
Forum: Non-US Investing
Topic: New to bonds - trying to understand [UK]
Replies: 13
Views: 1009

Re: New to bonds - trying to understand [UK]

Welcome. It seems to me the annual prices vary quite wildly (-3.8%, +15%)... I thought bonds were a lot less volatile than this. Gilt and bond prices are historically perhaps less volatile than stock prices, but they can still be pretty volatile even so. The simplest thing to understand is how the p...
by TedSwippet
Fri Oct 04, 2019 10:26 am
Forum: Non-US Investing
Topic: UK Investor: Living Off Your Money book - Portfolio Construction
Replies: 5
Views: 376

Re: UK Investor: Living Off Your Money book - Portfolio Construction

Welcome.
Carrbhoy wrote:
Fri Oct 04, 2019 10:20 am
Also, what is the Boglefolio funds for a UK investor? Just new on here.....
Maybe start here: UK investing - Bogleheads
by TedSwippet
Fri Oct 04, 2019 3:45 am
Forum: Personal Finance (Not Investing)
Topic: Expatriation Tax : How to value gain on Angel Investments?
Replies: 7
Views: 726

Re: Expatriation Tax : How to value gain on Angel Investments?

Wow. Is there any precedent out there we can infer from? None that I'm aware of, though I haven't searched comprehensively because I didn't need to. I left the US before the odious 'exit tax' would have applied to me, and I suggest that you do the same. That way, it doesn't matter much what value y...
by TedSwippet
Thu Oct 03, 2019 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Expatriation Tax : How to value gain on Angel Investments?
Replies: 7
Views: 726

Re: Expatriation Tax : How to value gain on Angel Investments?

Does the IRS use post-money valuation? What if CompanyX does not wish to disclose a valuation? From IRS notice 2009-85 : In computing the tax liability under the mark-to-market regime, a covered expatriate must use the fair market value of each interest in property as of the day before the expatria...
by TedSwippet
Wed Oct 02, 2019 6:14 am
Forum: Non-US Investing
Topic: EU / US citizen looking for Interactive Broker ETF investment tips
Replies: 4
Views: 501

Re: EU / US citizen looking for Interactive Broker ETF investment tips

Welcome. 1. I am 99% sure I cannot invest in any ETFs based in the EU - they must all be in American markets to avoid the heavy tax penalties mentioned in many of your posts. Unfortunately, that's right. The US's oppressive extraterritorial citizenship-based tax regime means that you cannot invest i...
by TedSwippet
Tue Oct 01, 2019 3:25 pm
Forum: Personal Investments
Topic: US Vanguard funds hedged to GBP
Replies: 7
Views: 507

Re: US Vanguard funds hedged to GBP

... The reason being they form an absolute cap on your equity fund exposure (given the awful combination of PRIIP & US PFIC rules) *other than* UK pension. ... it seems to be covered by tax treaties (as best one can tell)? ... I understand given position with IRS that there is no point having a UK ...
by TedSwippet
Tue Oct 01, 2019 12:37 pm
Forum: Non-US Investing
Topic: Not so happy in Denmark... individual stocks better than index funds? [US ex-pat]
Replies: 43
Views: 3893

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

Just want to clarify: We have worked with tax experts here, and understand our situation. We have considered the trade-offs, and have decided that the benefits to living in Denmark outweigh the downsides, including these financial rules. Right. Most of the problems here arise not so much from just ...
by TedSwippet
Mon Sep 30, 2019 3:38 am
Forum: Personal Investments
Topic: US Vanguard funds hedged to GBP
Replies: 7
Views: 507

Re: US Vanguard funds hedged to GBP

bhradbh wrote:
Mon Sep 30, 2019 3:14 am
Thank you sir, it is in fact my bond portfolio I'm hoping to hedge. I had a feeling it was wishful thinking.
Oh ... that's unfortunate. Even Vanguard's Total International Bond Index fund (VTABX) won't help you, since it is hedged to USD.
by TedSwippet
Mon Sep 30, 2019 3:09 am
Forum: Personal Investments
Topic: US Vanguard funds hedged to GBP
Replies: 7
Views: 507

Re: US Vanguard funds hedged to GBP

I have searched with no success so perhaps someone here can help. ... Are there any US Vanguard funds hedged to the GBP? I am in the same situation, and have never found any. Given the tiny market for these -- former US temporary residents now back in the UK -- I don't imagine any will ever exist e...
by TedSwippet
Mon Sep 30, 2019 2:50 am
Forum: Non-US Investing
Topic: My Portfolio / Retirement Plan - Please Review & Comment
Replies: 18
Views: 1895

Re: My Portfolio / Retirement Plan - Please Review & Comment

Youseem to be choosing between various hedged and unhedged bond funds. You should most likely choose hedged bond ETF version. According to Vanguard research into historic data, unhedged bond funds increase portfolio volatility without respective increase in returns. What do you mean? I am intereste...
by TedSwippet
Sun Sep 29, 2019 8:46 am
Forum: Non-US Investing
Topic: New investor just looking for a bit of advice
Replies: 19
Views: 1261

Re: New investor just looking for a bit of advice

this is in the UK not the US. I wish non-US threads weren't woven into the main feed. It can be confusing. This is posted in the non us investors... Rather than the Board index , user F150HD might be using one of these links to the forum: Bogleheads.org Bogleheads.org - New posts These will just lu...
by TedSwippet
Fri Sep 27, 2019 4:20 am
Forum: Non-US Investing
Topic: Investing in Vietnam for Expat
Replies: 10
Views: 865

Re: Investing in Vietnam for Expat

I know my current bank in Canada won't let me invest in a TFSA account while living overseas, but I think I will email every other bank in the country to see if any of them would let me open a TFSA with them. Are you certain that opening a TFSA while not a Canadian resident is a good idea? From the...
by TedSwippet
Thu Sep 26, 2019 8:49 am
Forum: Non-US Investing
Topic: [Can/Should I contribute to SS from a side job? Worth it?]
Replies: 2
Views: 381

Re: [Can/Should I contribute to SS from a side job? Worth it?]

At the low end, with just 40 quarters, you receive a super sized amount compared to the average worker. ... ... but under the 'windfall elimination provision' (WEP), this could be cut by as much as 50% if you also qualify for a non-US pension. https://www.americansabroad.org/windfall-elimination-pr...
by TedSwippet
Tue Sep 24, 2019 12:31 pm
Forum: Non-US Investing
Topic: Investing in Norway for expat
Replies: 26
Views: 1852

Re: Investing in Norway for expat

I'm Malaysian, but have never been a tax payer of the home country but instead China, US, Europe, and some parts of Asia due to lifestyle. I've always invested into US based ETF. Assuming that you are not a US citizen or US green card holder, and also not a US resident, you might want to check that...
by TedSwippet
Mon Sep 16, 2019 3:58 am
Forum: Non-US Investing
Topic: UK - Helping an older relative - Account Review
Replies: 12
Views: 708

Re: UK - Helping an older relative - Account Review

Did they hit a coupon date? That's a big move for a gilts fund. I don't know. I hold my index linked gilts through a Vanguard fund . That showed similar NAV drops, so it certainly looked to me like a real thing rather than a second order effect of coupons. And as I understand it, the coupons on ind...
by TedSwippet
Mon Sep 16, 2019 3:32 am
Forum: Non-US Investing
Topic: Not so happy in Denmark... individual stocks better than index funds? [US ex-pat]
Replies: 43
Views: 3893

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

Thanks for the pointer. So are we to expect to any country in this list to interchange financial information with the US? Broadly, yes. Of course, as a resident of a country you should be following local tax law and reporting worldwide income (where required) anyway, so in theory this changes nothi...
by TedSwippet
Mon Sep 16, 2019 2:04 am
Forum: Non-US Investing
Topic: Not so happy in Denmark... individual stocks better than index funds? [US ex-pat]
Replies: 43
Views: 3893

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

typical.investor wrote:
Mon Sep 16, 2019 12:34 am
From a US tax standpoint though, aren’t British Investment Trusts considered PFIC and subject to yearly mark-to-market taxation whether sold or not.
Almost certainly yes. Mark to market tax, or worse, from the US perspective.
by TedSwippet
Mon Sep 16, 2019 2:00 am
Forum: Non-US Investing
Topic: Not so happy in Denmark... individual stocks better than index funds? [US ex-pat]
Replies: 43
Views: 3893

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

I'm not saying the OP should have, but the question is if the brokerage account info was not disclosed, would they know about it? Is this an honor system type of thing? FATCA . From the US/Denmark IGA : Whereas, the Government of the United States of America collects information regarding certain a...
by TedSwippet
Sun Sep 15, 2019 3:06 pm
Forum: Non-US Investing
Topic: UK - Helping an older relative - Account Review
Replies: 12
Views: 708

Re: UK - Helping an older relative - Account Review

Great. Many thanks to you both. TedSwippet, my thought on the accumulating shares in the taxable account was that the capital gains threshold is higher than the annual allowance for dividends. I take it from your comment that income shares are better in the taxable account? The problem with accumul...
by TedSwippet
Sun Sep 15, 2019 12:35 pm
Forum: Non-US Investing
Topic: UK - Helping an older relative - Account Review
Replies: 12
Views: 708

Re: UK - Helping an older relative - Account Review

1) I have not included a home-country bias in the equity portion of the portfolio, given how small the UK is as a percentage of the world equity market. Is there any reason I would want to have a UK home country bias? Not really. I have one, but it is historical rather than rational. That hurt me w...
by TedSwippet
Sun Sep 15, 2019 10:34 am
Forum: Non-US Investing
Topic: Not so happy in Denmark... individual stocks better than index funds? [US ex-pat]
Replies: 43
Views: 3893

Re: Not so happy in Denmark... individual stocks better than index funds?

I'm utterly dumbfounded that Denmark would get to know anything about your US based investments. I am not. Not even remotely. If the situation were reversed, the US would relentlessly and ruthlessly tax all Danish and any other non-US investments held by a non-US citizen living temporarily or perma...
by TedSwippet
Sat Sep 14, 2019 2:17 am
Forum: Non-US Investing
Topic: UK Guy who fell in love and moved later in life to the USA
Replies: 10
Views: 1731

Re: UK Guy who fell in love and moved later in life to the USA

Thanks ! Despite phoning HL they didn't give me these Irish Domiciled $ options. Actually, the USD denomination of these ETFs is irrelevant to you. That's just the yardstick by which they are measured. The trading currency is also irrelevant, but the fact that these ETFs trade in GBP helps you side...
by TedSwippet
Fri Sep 13, 2019 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Tax questions for early Roth IRA withdrawals
Replies: 7
Views: 709

Re: Tax questions for early Roth IRA withdrawals

4. This leads me to another question - will taxes and penalties owed for early IRA (Traditional or Roth) be the US IRS, or to the tax agency in my country of residence here in the EU? Potentially taxable to both countries. If your country has a tax treaty with the US, check that. Pensions are usual...
by TedSwippet
Fri Sep 13, 2019 3:57 pm
Forum: Non-US Investing
Topic: UK Guy who fell in love and moved later in life to the USA
Replies: 10
Views: 1731

Re: UK Guy who fell in love and moved later in life to the USA

Welcome. My question revolves around my SIPP and a potential transfer of my DB pension into a Sipp. I recognise I should hold $ assets in my pension as my expenditure will be in $ going forward but Hargreaves Lansdowne have very limited $ investment options- Has anyone on this forum built a $ based ...