Search found 8 matches

by gogakuhei
Sat Jun 03, 2023 5:17 am
Forum: Taxes
Topic: US taxes - FBAR and Form 8938 requirements for IBKR?
Replies: 7
Views: 1930

Re: US taxes - FBAR and Form 8938 requirements for IBKR?

For everybody's reference, I heard back from IBKR on this. They confirmed that the funds are held with a US institution and a 1099 is issued, so no separate reporting via FBAR or 8938 required. I am waiting to see if my US tax accountant raises any flags, but looks good for now. IBKR is quite the s...
by gogakuhei
Mon Dec 14, 2020 5:45 am
Forum: RetireJapan for Dummies
Topic: Interactive Brokers or others for low-mid income American
Replies: 28
Views: 12710

Re: Interactive Brokers or others for low-mid income American

Have I got this math right? 20/month for a year is, obviously, 240. On 10k, that's 0.024% So close! 240 / 10000 = 0.024, but you have to multiply by 100 to get percent, so 2.4%. I listened in on a Thun Financial webinar recently, and one of the takeaways was (paraphrasing) that if you are going to ...
by gogakuhei
Mon Dec 14, 2020 5:28 am
Forum: RetireJapan for Dummies
Topic: US Citizen, savings/investments if staying in Japan longterm
Replies: 17
Views: 9843

Re: US Citizen, savings/investments if staying in Japan longterm

Does anyone know of any way to set up my own US phone number that will forward the text messages to my phone here (for cheap)? I have a US phone number on an Ooma VoIP phone for voice calls, but it doesn't offer text/SMS. Recently I picked up a second number through TextMe . The app on my phone sup...
by gogakuhei
Mon Jul 01, 2019 3:05 pm
Forum: Taxes
Topic: Inspection for Property tax assessment
Replies: 6
Views: 3418

Re: Inspection for Property tax assessment

We just had our assessment, but haven't heard the results yet. My wife had a day off, so we scheduled it for then. As I understand it, they looked at the floor space and the land. They noted the heat exchange air system (熱交換換気システム), but I don't know if that was strictly out of personal interest or n...
by gogakuhei
Thu Jun 07, 2018 6:47 am
Forum: Stock market investing
Topic: Americans
Replies: 8
Views: 1513

Re: Americans

While I think a Roth is okay, a regular/traditional IRA is pretty much "off the table" for expats. Good points, thanks. I have an old (small) traditional IRA stuck at a bank in the US that won't let me do anything with it, so it's looking like moving it to SDFCU may be my best option so I...
by gogakuhei
Wed Jun 06, 2018 1:54 pm
Forum: Legacy NISA (~2023)
Topic: US citizens and NISA
Replies: 33
Views: 7758

Re: US citizens and NISA

RetireJapan wrote: Sun Feb 25, 2018 6:47 am [...]US citizens can use NISA accounts in Japan to buy Japan-listed ETFs?
Has anyone heard anything to support/contradict this? If the information is good, might this mean that US citizens could do the same (Japan-listed ETFs) in an Ideco account?
by gogakuhei
Wed Jun 06, 2018 1:25 pm
Forum: Real Estate
Topic: Solar panels
Replies: 6
Views: 2021

Re: Solar panels

I have to say, I like the idea of Tesla's solar rooves , and even though they are apparently still sturdier than regular roof tiles, it still seems a bit expensive. I just wish these were available already, since we are looking at building and it would be nice to just install it from the beginning....
by gogakuhei
Tue Jun 05, 2018 7:36 am
Forum: Stock market investing
Topic: Americans
Replies: 8
Views: 1513

Re: Americans

Interactive Brokers is the only US based brokerage that I know of that will open accounts for Americans living abroad and I spent quite a bit of time searching. My advise would be to open an account before coming to Japan and "forget" to mention that you've moved here. I've read some horr...