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Middle class, working-age Americans with normal IT jobs in the EU sigh, look longingly at their (if lucky) dormant 401k/Roth accounts back home, realize they re
by MandieD 5y ago
Middle class, working-age Americans with normal IT jobs in the EU sigh, look longingly at their (if lucky) dormant 401k/Roth accounts back home, realize they really are going to be working until retirement age because no one will open a brokerage account for an American here, and that while tax treaties generally prevent double taxation on wage income, things get “fun” on just about anything else.
- wing-_-nuts 5y agoIf I lived abroad, I'd make my parent's address my primary address and keep all us accounts tied to it. Transfer money via crypto stablecoin (Ironically, sending money internationally is crypto's only killer app) and invest with your US accounts until you gain whatever residency / citizenship that allows one access to the financial system in your country.
- MandieD 5y agoThat is a terrible idea come tax-time if you claim residence abroad. Also, according to expat chitchat, Vanguard is particularly good at sussing out clients who claim Stateside addresses but don’t actually live there.