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Forum: USA
Jun 30th 2017, 9:46 pm
Replies: 19
Views: 1,301
Posted By trirod

Re: Social Security in the USA

Running the numbers, it's not a bad return on investment (especially since it's guaranteed), but you have to take into account the time value of money also.


Let's say you earn $100,000 per annum...
Forum: USA
Jun 30th 2017, 8:14 pm
Replies: 19
Views: 1,301
Posted By trirod

Re: Social Security in the USA

Possibly not after adjusting for the WEP...
Forum: USA
Jun 30th 2017, 4:11 pm
Replies: 19
Views: 1,301
Posted By trirod

Re: Social Security in the USA

You can't claim back the taxes you've paid but you will be entitled to Social Security payments when you reach retirement age. Usually you need 40 quarters (10 years) of payments to be entitled to...
Forum: USA
Jun 28th 2017, 9:21 pm
Replies: 36
Views: 2,830
Posted By trirod

Re: Cost of living for retirees: USA vs. UK

I get that. Every time I visit there I always forget how long it can take to get places. In Toledo, everything is 20 minutes or less away!
Forum: USA
Jun 28th 2017, 9:17 pm
Replies: 36
Views: 2,830
Posted By trirod

Re: Cost of living for retirees: USA vs. UK

Respectfully disagree. I have a pretty good handle on what kind of expenditure my assets and income streams will support (based on historical returns of various investment classes and a hoped for...
Forum: USA
Jun 28th 2017, 9:11 pm
Replies: 36
Views: 2,830
Posted By trirod

Re: Cost of living for retirees: USA vs. UK

I would expect to be back in the US for my "permanent" retirement by the time I hit 65 and am eligible for Medicare. The UK thing is supposed to be temporary (but maybe we'll really like it, who...
Forum: USA
Jun 28th 2017, 12:28 pm
Replies: 36
Views: 2,830
Posted By trirod

Re: Cost of living for retirees: USA vs. UK

Thanks for the responses so far. We are both dual citizens and have built up decent credits for both social security and the UK state pension, so that's not too much of a concern. As far as...
Forum: USA
Jun 27th 2017, 9:33 pm
Replies: 36
Views: 2,830
Posted By trirod

Cost of living for retirees: USA vs. UK

I've lived in the US (Ohio) since 1995 and am planning to retire fairly soon, before the age of 65. I have been tracking my expenses very carefully for the last few years and think I have a pretty...
Forum: USA
Oct 19th 2016, 11:47 am
Replies: 22
Views: 1,422
Posted By trirod

Re: Anybody fly out of Canada to Europe?

I'm pretty sure I'll be doing the same thing. The savings are too good to pass up. And I have to pay for parking at Detroit anyway so that's just a wash. It will be even better in the summer when I...
Forum: USA
Oct 17th 2016, 8:08 pm
Replies: 22
Views: 1,422
Posted By trirod

Re: Anybody fly out of Canada to Europe?

Unfortunately the nonstop flights to Manchester are seasonal and ended September 30th. Good to know for future reference though.
Forum: USA
Oct 17th 2016, 8:07 pm
Replies: 22
Views: 1,422
Posted By trirod

Re: Anybody fly out of Canada to Europe?

Thanks for that information. Just checked them out and the prices are a little higher than Delta/KLM/Air France, but I like the fact that they're nonstop. They don't fly every day though and not...
Forum: USA
Oct 17th 2016, 4:18 pm
Replies: 22
Views: 1,422
Posted By trirod

Anybody fly out of Canada to Europe?

Looking at making a quick trip back to the UK next month. I usually fly out of Detroit (to Manchester) and the price is always somewhere around $1,200 (with Delta or their partners). And indeed for...
Forum: USA
May 2nd 2015, 12:04 pm
Replies: 2
Views: 560
Posted By trirod

Forum: USA
Apr 16th 2013, 7:22 pm
Replies: 5
Views: 895
Posted By trirod

Re: US based, CGT on sale of UK property

Sounds more or less right from the US side, except a couple of things to bear in mind:

The Sec. 121 exclusion for sale of principal residence does not apply to the recapture of depreciation from...
Forum: USA
Dec 5th 2012, 9:37 pm
Replies: 21
Views: 3,002
Posted By trirod

Re: UK/USA capital gains tax help

Your accountant is correct. I think a better option than having your husband's sister take the whole flat and gift half the proceeds to your husband (which the IRS could easily look through as to...
Forum: USA
Dec 5th 2012, 9:29 pm
Replies: 28
Views: 3,315
Posted By trirod

Re: Are we being ripped off for car insurance?

What state you're in can make a tremendous difference. I live in Ohio which is one of the cheapest states for car insurance. I pay $866 a year for 5 cars (admittedly the newest car is a 2004, but I...
Forum: USA
Sep 28th 2012, 1:24 am
Replies: 69
Views: 8,353
Posted By trirod

Re: US Move; What Did you Miss?

+1 - wow, that's almost identical to what I would have put, except I would take out pickled onions and add roundabouts (aren't 4 way stops the dumbest invention ever?)
Forum: USA
May 25th 2012, 8:34 pm
Replies: 31
Views: 4,392
Posted By trirod

Re: would you rent out or sell UK house?

This is a hard decision. We rented our house out for 5 years but then got our green cards and figured we weren't going back any time soon. We also figured we would need to spend some money shortly...
Forum: USA
May 15th 2012, 8:38 pm
Replies: 21
Views: 1,963
Posted By trirod

Re: Yet another uk house sale thread

I get that nobody wants to conceive that you can have a gain on a mortgage in a foreign currency, but that's exactly what can happen. Here's an extract from a KPMG write-up on expats coming to the...
Forum: USA
May 14th 2012, 8:45 pm
Replies: 21
Views: 1,963
Posted By trirod

Re: Yet another uk house sale thread

Actually, see Revenue Ruling 90-79. The IRS believes that a mortgage denominated in a foreign currency is a taxable asset - even though it's actually a liability. I believe it's actually the deemed...
Forum: USA
May 14th 2012, 7:01 pm
Replies: 21
Views: 1,963
Posted By trirod

Re: Yet another uk house sale thread

[QUOTE=Timberwolf0122;10059789]You cannot be serious? Really? You'd think it would be on the selling price - remaining mortgage.
QUOTE]

Well it does sort of work like that because if the movement...
Forum: USA
May 14th 2012, 4:57 pm
Replies: 21
Views: 1,963
Posted By trirod

Re: Yet another uk house sale thread

Do you have a mortgage on the UK house?

Liabilities in foreign currencies are subject to tax in the US when that liability is paid off, so if the exchange rate has dropped since you bought the...
Forum: USA
May 10th 2012, 4:42 pm
Replies: 15
Views: 2,990
Posted By trirod

Re: Transfering money from UK to USA to buy a house

I used HIFX a few months ago and was very happy with them, but it was my understanding that they were no longer in the UK-US money transfer business due to the new FATCA regs. Are there other...
Forum: USA
Apr 12th 2012, 4:17 pm
Replies: 64
Views: 6,510
Posted By trirod

Re: Lack of holiday - how did you adjust?

Luckily I get 25 days so very similar to UK holidays. The big difference is that I am one of the few people here that takes all my vacation days. I feel the pressure when people ask me if I'm going...
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