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Search: Posts Made By: Mcodox
Showing results 1 to 25 of 38
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Forum: Moving back or to the UK
Dec 15th 2020, 6:17 am
Replies: 6
Views: 1,822
Posted By Mcodox

Re: Savings money sending money between countries

Continuing the sending money / investments theme...
I live in USA currently. I opened an Interactive Brokers (IBKR) account a few months back. Hold US & UK stocks and cash in this. tested and...
Forum: USA
Oct 28th 2016, 4:31 am
Replies: 32
Views: 14,478
Posted By Mcodox

Re: Share ISA / PFIC - long term hold

Unfortunately I ran into so many different walls with this that i didn't find a solution before I moved on with life, and left the isa as cash.

Still occasionally trying to figure out a simple...
Forum: USA
Jan 22nd 2016, 5:24 am
Replies: 32
Views: 14,478
Posted By Mcodox

Re: Share ISA / PFIC - long term hold

Response from Hargreaves for others future info is that they do not allow customers to buy their US registered funds or ETFs with an ISA wrapper...so that seems to knacker that idea as well.
...
Forum: USA
Jan 21st 2016, 9:17 am
Replies: 32
Views: 14,478
Posted By Mcodox

Re: Share ISA / PFIC - long term hold

I'll look at Gilts, but I dubious about Hargreaves Lansdown offering individual govt bonds, but maybe.

I have looked at HL funds that are US Registered with UK/HMRC reporting, and there are some,...
Forum: USA
Jan 20th 2016, 4:56 pm
Replies: 32
Views: 14,478
Posted By Mcodox

Share ISA / PFIC - long term hold

This is a question for anyone that has continued to hold UK ISAs after becoming UK tax resident or has experience in that area...

In short - anyone got suggestions for UK ISA investments for US...
Forum: USA
Jan 20th 2016, 4:02 pm
Replies: 38
Views: 4,345
Posted By Mcodox

Re: 401k/IRA/Roth - a sensible strategy for our circumstances?

So do you think there is a catch / it makes sense if I look to do 2 years of contributions simultaneously for a traditional IRA (non-deductible) with a soon to follow backdoor roth?
(I have 2015 &...
Forum: USA
Jan 12th 2016, 3:53 am
Replies: 38
Views: 4,345
Posted By Mcodox

Re: 401k/IRA/Roth - a sensible strategy for our circumstances?

Interesting point - thanks - so basically there could be additional benefits of using individual / sole accounts if there is a spouse that has been a non-working party relative to the main earner...
Forum: USA
Jan 12th 2016, 3:50 am
Replies: 38
Views: 4,345
Posted By Mcodox

Re: 401k/IRA/Roth - a sensible strategy for our circumstances?

Yes, for joint accounts in UK you have to split the dividends / cap gains / interest between both parties and calculate losses/gains accordingly.
Forum: USA
Jan 11th 2016, 6:26 am
Replies: 38
Views: 4,345
Posted By Mcodox

Re: 401k/IRA/Roth - a sensible strategy for our circumstances?

Side question....anyone got an opinion on best tax strategy for sole versus joint account ownership in non-tax advantaged accounts?

I am setting up Vanguard general investing account and just...
Forum: USA
Jan 11th 2016, 6:21 am
Replies: 38
Views: 4,345
Posted By Mcodox

Re: 401k/IRA/Roth - a sensible strategy for our circumstances?

This makes sense and was broadly what I was hoping was possible. In the same way create a taxable investment account where the withdrawals are managed to keep the marginal rate to a minimum.

Of...
Forum: USA
Jan 11th 2016, 6:17 am
Replies: 38
Views: 4,345
Posted By Mcodox

Re: 401k/IRA/Roth - a sensible strategy for our circumstances?

I was hoping we would get the benefit of the deductions. If not, then is what your saying we don't take (can't take) deductions but do immediate rollover 'Backdoor Roth'? (We are well above the AGI...
Forum: USA
Jan 11th 2016, 5:34 am
Replies: 38
Views: 4,345
Posted By Mcodox

Re: 401k/IRA/Roth - a sensible strategy for our circumstances?

So what would the benefit of doing this rollover? Surely better to optimise income withdrawals over time to minimize tax...?
Forum: USA
Jan 11th 2016, 4:40 am
Replies: 38
Views: 4,345
Posted By Mcodox

Re: 401k/IRA/Roth - a sensible strategy for our circumstances?

Sounds painful, will look at these. Are there any onerous tax or reporting issues with the basic US retirement products (401k / IRA's) if you return to UK??
Forum: USA
Jan 11th 2016, 4:38 am
Replies: 38
Views: 4,345
Posted By Mcodox

Re: 401k/IRA/Roth - a sensible strategy for our circumstances?

Thanks. I did some follow up research on your comments. So first step is to max the 401k allowance of $18k, then a Roth or traditional IRA with a limit of $5.5k for my age group in either one of...
Forum: USA
Jan 10th 2016, 6:41 am
Replies: 38
Views: 4,345
Posted By Mcodox

401k/IRA/Roth - a sensible strategy for our circumstances?

Hi all,
Can anyone throw opinion at potential best retirement investment strategy in our circumstances plse...

We are in mid-forties married couple 2 kids living in CA, permanent residents (EB1...
Forum: USA
Feb 7th 2014, 4:29 am
Replies: 46
Views: 7,324
Posted By Mcodox

Re: Moving money between UK and US and vice versa - lump sum and regular payments

Its not a perfect solution but HSBC Premier has helped us a lot. By setting it up before leaving with a UK Premier and then a US Premier account for arrival (started about 6 mobnths before...
Forum: USA
Jan 24th 2014, 9:16 am
Replies: 29
Views: 3,348
Posted By Mcodox

Re: AMEX transfer to US less than 12 months

Nope, just using it occasionally on UK web and Xmas holiday. Probably wont add much to my us score when transferred. I only did it originally to do the credit score history transfer. Relying on my...
Forum: USA
Jan 24th 2014, 8:49 am
Replies: 29
Views: 3,348
Posted By Mcodox

Re: AMEX transfer to US less than 12 months

Doing exactly that via mail forward.
Forum: USA
Jan 24th 2014, 6:03 am
Replies: 29
Views: 3,348
Posted By Mcodox

Re: AMEX transfer to US less than 12 months

Well, just to throw in on this. We were not so successful. We did the Amex thing last March before move in August. When it came to trying the early transfer, I tried 3 times with plenty of...
Forum: USA
Jan 24th 2014, 5:53 am
Replies: 46
Views: 7,324
Posted By Mcodox

Re: Moving money between UK and US and vice versa - lump sum and regular payments

Check out Transferwise. Its a P2P currency converter. I have transferred about 150k this way UK to US in the last few months. Best rate within the spread, lowest overall charges I think. I do...
Forum: USA
Sep 26th 2013, 5:37 am
Replies: 7
Views: 1,667
Posted By Mcodox

Re: VW lease quote - opinion please

Anyone got an opinion as to if this is good value though? No idea what the factor means or how this compares to financing or buying outright.

Fair point on miles, I'll get requote with more and...
Forum: USA
Sep 25th 2013, 12:09 pm
Replies: 22
Views: 3,603
Posted By Mcodox

Re: Car Leasing

VW seem to want the following...
- Proof of Income/Employment.
- Proof of Residence.
- 5 References.
- Copy of Social Security Card.
- Copy of Visa.
- Copy of Passport.

5 references is a bit...
Forum: USA
Sep 25th 2013, 11:56 am
Replies: 7
Views: 1,667
Posted By Mcodox

VW lease quote - opinion please

Hi,
I received the below quote back from VW using their Foreign Expat scheme. I know very little about leasing - can anyone give me an opinion on these figures, or anything I should ask / find out...
Forum: USA
Aug 18th 2013, 3:44 am
Replies: 8
Views: 1,186
Posted By Mcodox

Re: UK and US mobile conundrum

Thanks for pointers. I will get down the Walmart and see what's there, try a little gentle investigation in the AT&T store. It's still quite surprising though that payg here in US seems only to be...
Forum: USA
Aug 13th 2013, 5:51 pm
Replies: 8
Views: 1,186
Posted By Mcodox

UK and US mobile conundrum

Hi,
I have done some searches but cannot find an answer to this one, hope someone can help?!

I have just moved to Santa Clara, CA. i have an unlocked iPhone 4 - previously on contract with...
Showing results 1 to 25 of 38
 
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