RetireJapan

ToushiTime wrote: ↑Wed Nov 01, 2023 9:51 pm Ok thanks. I may post a separate question about transferring NISA accounts. Have you ever tried that?

ToushiTime wrote: ↑Thu Nov 02, 2023 2:42 am Thanks for explaining the process.
I'm guessing that you don't have name issues I do?

TokyoWart wrote: ↑Thu Nov 02, 2023 1:12 am

ToushiTime wrote: ↑Wed Nov 01, 2023 9:51 pm Ok thanks. I may post a separate question about transferring NISA accounts. Have you ever tried that?

I am just now in the process of this for a transfer from Nomura to Rakuten as my NISA "home". The paperwork has been relatively straightforward (I already had a Rakuten brokerage account) and consisted a one page form which had been pre-completed by Rakuten for which I just had to circle which option I was taking (opening a NISA at Rakuten while already having an existing NISA at another brokerage), and then getting Nomura to mail me the "廃止通知書" which had to be sent to Rakuten. I mailed that just a few days ago. When the process completes my old NISA at Nomura will run through its yearly maturity expirations and roll into my 特定口座 there and I expect to be able to do the New NISA at Rakuten starting in 2024.

TokyoWart wrote: ↑Thu Nov 02, 2023 2:55 am

ToushiTime wrote: ↑Thu Nov 02, 2023 2:42 am Thanks for explaining the process.
I'm guessing that you don't have name issues I do?

Seems like constant name issues but because I already have an account at Rakuten I am hoping they are reconciled to my name's presentation. Nomura actually writes my name differently (uses a space between first and middle name) than Rakuten. I am still waiting for the final approval for the move so I can't say for sure that I'm okay.

Somewhat related to your iDeCo question, I used to have an iDeCo account at Rakuten because my employer did not have an equivalent for my employment category (corporate officer). When my status at the company changed I became eligible for the 企業型確定拠出年金 and had to transfer my Rakuten iDeCo to the company's plan. My name was registered completely differently but that transfer went very smoothly and I think I missed at most one month of contributions.

RetireJapan wrote: ↑Thu Nov 02, 2023 8:21 am

TokyoWart wrote: ↑Thu Nov 02, 2023 1:12 am

ToushiTime wrote: ↑Wed Nov 01, 2023 9:51 pm Ok thanks. I may post a separate question about transferring NISA accounts. Have you ever tried that?

I am just now in the process of this for a transfer from Nomura to Rakuten as my NISA "home". The paperwork has been relatively straightforward (I already had a Rakuten brokerage account) and consisted a one page form which had been pre-completed by Rakuten for which I just had to circle which option I was taking (opening a NISA at Rakuten while already having an existing NISA at another brokerage), and then getting Nomura to mail me the "廃止通知書" which had to be sent to Rakuten. I mailed that just a few days ago. When the process completes my old NISA at Nomura will run through its yearly maturity expirations and roll into my 特定口座 there and I expect to be able to do the New NISA at Rakuten starting in 2024.

I am planning to do this, but doing new NISA with Monex (currently Rakuten). The reason is that all my Japan investments are with Rakuten so this seems like an easy way to diversify provider risk. Hoping the paperwork will be smooth!