RetireJapan

It’s an interesting topic… Starkimpossibility’s initial comment on that Reddit thread started out with: “…Regularly gifting money/assets to your child, to take advantage of the 1.1 million yen annual tax-free gift threshold, is a common and legitimate strategy.” But then all these other buts come up...

Chat-GPT is a very dangerous resource to use for tax questions, especially bilingual ones. Remember, it's often using data from forums like this one (and Reddit) as an uncited source. Yes. I asked it the question first in Japanese, before telling it to translate it to English. So I hope that the an...

For what it’s worth I asked a question to ChatGPT and then had it give me the answer in English: “If you gave money to your child to invest in J-NISA and the gift exceeds the annual gift tax exemption limit (usually 1.1 million yen), then the excess amount may be subject to gift tax. Additionally, i...

Who is the gifter, is one factor, per my understanding from an inheritance tax book I borrowed from my library. If a grandparent gives a minor grandchild money, my understanding is it’s all clear (assuming the parent generation in the middle is still alive) so long as the recipient is under the annu...

It’s better than nothing for people who really can’t be bothered, but why not choose your own allocation, if you are so inclined, I say.

If you had two taxable accounts, you could segregate your short and long term positions by those accounts (buying the exact same fund / security).

I live in Japan like most readers, but I don’t think about my investments from a yen based perspective so much. I personally see the yen as the currency risk - just me. I was watching the “futures edge” podcast the other day and their guest had this thing called the “awesome portfolio”. Nice name. W...

My DC is not like that - my old place had a DB plan and I never thought about it because indeed the money was locked up in some low yielding nonsense, but my current DC plan allows me to invest in any approved mutual fund, so I’m in developed, developing market stocks, plus a gold fund. Your DC migh...

I suspect the card too.

The securities account should really have your name correct; the card, i don’t have that confidence in.

Pension in Japan are more like a "savings scheme". The systems are a bit complex, that might be part of it. I might be wrong in my understanding of some aspects, but I have always thought of the core system being funded by taxation. Many countries have these pay-as-you-go style systems wh...