- Debt: none
Tax Filing Status: Married Filing Jointly
Tax Rate: 24% Federal, 3% State 25%+ in Denmark
State of Residence: PA, but living abroad in Denmark
His age: 34
Her age: 32
- Desired Asset Allocation: 70% stocks / 30% bonds
Desired International Allocation: 50% of stocks
His Assets and Investments:
mid six figures net worth (USD)
- Emergency funds: 6 months worth of cash
9% Investable cash in Danish Kroner
49% Investable cash in USD (just sold house in NY)
36% Betterment Individual Taxable Account (87% stocks, 13% bonds, 0.25% management fee)
1.2% Betterment Traditional IRA
2.2% GOOG stock
1.6% AMZN stock
0.5% TSLA stock
Her Assets and Investments:
low five figure net worth (just spent savings on graduate degree)
- Emergency fund: 3 months worth of cash
30% NYS government retirement fund
70% Investable cash in Danish Kroner
We both have comparable middle manager salaries and are each saving 40% of our after-tax income.
Upcoming life events:
- Planning to have one kid in the next year or so
Expect to buy a house, likely a multifamily rental, when we move back to USA in 2-4 years
I’m considering splurging on a Tesla Model 3 in the not too distant future
- 1. How should I invest the proceeds from selling my NY house?
2. Does my desired asset allocation make sense for my situation?
3. How should we invest current and future cash while living in Denmark? Should we just use Transferwise.com to move money to the US and invest as normal?
4. Should I keep things as-is with Betterment, or do something different?
5. What else should we do to optimize our financial situation living and earning in Denmark? Become zero income tax state residents?