Search found 6 matches

by yokaze
Wed Feb 01, 2023 11:38 pm
Forum: Pension
Topic: US Expat Company DC Pension (確定拠出年金) Tax Liability
Replies: 2
Views: 1246

Re: US Expat Company DC Pension (確定拠出年金) Tax Liability

Ah, thanks so much! I tried searching through the forums on the topic, but apparently not deep enough. Very nice to see there's a bit of hope yet. :D
by yokaze
Wed Feb 01, 2023 2:24 am
Forum: Pension
Topic: US Expat Company DC Pension (確定拠出年金) Tax Liability
Replies: 2
Views: 1246

US Expat Company DC Pension (確定拠出年金) Tax Liability

My employer in Japan provides a company DC pension (確定拠出年金), to which any contributions can be managed with a variety of mutual funds or simple savings. However, I understand as a US citizen any foreign based mutual funds are considered PFICs by the IRS, subsequently punitively taxed (or at least it...
by yokaze
Wed Mar 25, 2020 1:21 pm
Forum: RetireJapan for Dummies
Topic: Fund Platforms
Replies: 5
Views: 1724

Re: Fund Platforms

I believe SBI and Rakuten are some of the more popular platforms, and SBI for instance has some Vanguard ETFs available.
Although all in Japanese, Kakaku seems to be a good place that pulls together "popular" info on investing, including rankings of securities companies and funds.
by yokaze
Wed Mar 25, 2020 10:19 am
Forum: RetireJapan for Dummies
Topic: US Citizen, savings/investments if staying in Japan longterm
Replies: 17
Views: 10637

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

I vaguely remember they did, but I probably used our headquarter's address then. Technically I am employed and paid by our Japan subsidiary, but it's the same company where our HQ is in the US. I guess that's ok? That's one of the reasons I haven't done much with it yet... but if others have created...
by yokaze
Wed Mar 25, 2020 4:50 am
Forum: RetireJapan for Dummies
Topic: US Citizen, savings/investments if staying in Japan longterm
Replies: 17
Views: 10637

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

For what it's worth, after several years living in Japan I opened a Vanguard account a year or so ago (I believe while visiting the US), but recently I was able to change my registered phone number to my Japanese phone. It texts me auth codes for the two-step authentication without issue - rather co...
by yokaze
Wed Mar 25, 2020 4:38 am
Forum: Taxes
Topic: Japan Foreign Tax Credit from US Taxes
Replies: 7
Views: 2068

Japan Foreign Tax Credit from US Taxes

Say a US Citizen, after filing in Japan and then of course also in the US ends up incurring a tax payment to the IRS, for any combination of income exceeding the US Foreign Earned Income Exclusion limit, income attributed to years past (e.g. vested RSU's grant date), or income from time worked on US...