Search found 469 matches
- Sat Jun 01, 2024 3:50 am
- Forum: Insurance
- Topic: Life insurance vs inheritance
- Replies: 12
- Views: 228
Re: Life insurance vs inheritance
Yes, she would be financially secure if I passed away tomorrow. Insurance is a waste of money in some circumstances, very happy to have invested the premiums we would have wasted on house, travel, life insurance over the years and built up assets we control.
- Sat Jun 01, 2024 2:49 am
- Forum: Insurance
- Topic: Life insurance vs inheritance
- Replies: 12
- Views: 228
Re: Life insurance vs inheritance
I have both a non working spouse and children, but feel no take to take out insurance - we just have car insurance and more recently bicycle insurance.Tsumitate Wrestler wrote: ↑Sat Jun 01, 2024 1:29 am]
Someone with kids, or a non-working spouse should DEFINITELY have insurance (just not whole life).
- Thu May 30, 2024 9:51 pm
- Forum: Real Estate
- Topic: Owning a second home abroad (without being rich :)
- Replies: 4
- Views: 152
Re: Owning a second home abroad (without being rich :)
It is more the work and stress aspect of it than the financial aspects, which can be quite minimal. If you have someone who you can leave keys with (family, friends, neighbours?) it does help a lot. When we purchased our house in Tokyo (and were living outside of Japan) my in laws used to come over ...
- Thu May 30, 2024 2:11 pm
- Forum: Banking
- Topic: Leaving Japan and transferring money back home
- Replies: 23
- Views: 702
- Thu May 30, 2024 1:20 pm
- Forum: Case Studies/Asking for Advice
- Topic: Moving from overseas to retire early in Japan
- Replies: 9
- Views: 280
Re: Moving from overseas to retire early in Japan
Not an expert, but OP could sell everything and the re-buy the same or similar things before entering japan, which would reset their basis. Any gains/dividends after that would then be taxable, but this would sidestep any tax on previous gains. ff that is indeed tbe cost basis used for calculating ...
- Thu May 30, 2024 1:32 am
- Forum: Case Studies/Asking for Advice
- Topic: Moving from overseas to retire early in Japan
- Replies: 9
- Views: 280
Re: Moving from overseas to retire early in Japan
I’d check your assumptions about Japan not taxing capital gains on your existing assets. After you acquire permanent residency for tax purposes (not the same as PR for visa purposes, natch) I believe that when you sell down these assets to “spend down previous assets” you would be expected to pay Ja...
- Tue May 28, 2024 1:54 pm
- Forum: Banking
- Topic: Leaving Japan and transferring money back home
- Replies: 23
- Views: 702
Re: Leaving Japan and transferring money back home
So sad to hear that you're going back to the UK! Thanks for all your kind advice... no idea how best to take your nest egg back intact though... maybe the best way to maintain the yen value rather than lock in the weak yen value into pounds would be to buy iShares MSCI Japan ETF (EWJ) at an online ...
- Tue May 28, 2024 11:53 am
- Forum: Banking
- Topic: Leaving Japan and transferring money back home
- Replies: 23
- Views: 702
Re: Leaving Japan and transferring money back home
So sad to hear that you're going back to the UK! Thanks for all your kind advice... no idea how best to take your nest egg back intact though... maybe the best way to maintain the yen value rather than lock in the weak yen value into pounds would be to buy iShares MSCI Japan ETF (EWJ) at an online ...
- Tue May 28, 2024 10:57 am
- Forum: Banking
- Topic: Sending large amount abroad to buy property
- Replies: 1
- Views: 90
Re: Sending large amount abroad to buy property
Maybe you could investigate whether it’s easier to simply do a bank transfer to your lawyer when it comes to buying the house. That way you avoid any issues with gift tax.
- Tue May 28, 2024 3:19 am
- Forum: Banking
- Topic: Yea or nay? Prestia's USD 3 month time deposits at 6.5% annual interest?
- Replies: 8
- Views: 312
Re: Yea or nay? Prestia's USD 3 month time deposits at 6.5% annual interest?
If someone bought 2563 this month instead of 1655 I would think it a reasonable enough bet. {Buying a hedged ETF, instead of an unhedged one}. Assuming they planned to return to unhedged at a later date. Market timing - nah. Someone else a very similar argument on forex a few months ago (at that ti...