Simple Q&A - iDeCo

[nickr]

Yep, just wait a little bit longer. Rakuten will inform you when the account is ready. Then you log in and choose your funds to purchase.

Thanks beanhead!

[RetireJapan]

2. a postcard with a "Call Center password" and an "Internet password"

Don't do what I did, and throw the postcard away. You need the internet password to set up and link your iDeCo account to Rakuten. Once that is done, you just log into your account normally and click on the iDeCo tab to manage it.

If you lose or throw it away, you need to get JS&T to reissue it, which takes another few weeks

[nickr]

@RetireJapan Noted! I’ve put them in an envelope, labeled it “SUPER IMPORTANT” and put it in the… err… where did I put it?!

[beanhead]

I'll try to open an account ASAP today then, already lost quite a bit of time! Is there a source that lists the funds available on the most popular platforms? So far only found comparison of the quantity of funds.

There is a ranking of the most popular funds and who offers them here:

https://www.dcnenkin.jp/cost/

[Roger Van Zant]

I'll try to open an account ASAP today then, already lost quite a bit of time! Is there a source that lists the funds available on the most popular platforms? So far only found comparison of the quantity of funds.

There is a ranking of the most popular funds and who offers them here:

https://www.dcnenkin.jp/cost/

No mention of eMaxis All Country?

[Moneymatters]

I'll try to open an account ASAP today then, already lost quite a bit of time! Is there a source that lists the funds available on the most popular platforms? So far only found comparison of the quantity of funds.

There is a ranking of the most popular funds and who offers them here:

https://www.dcnenkin.jp/cost/

No mention of eMaxis All Country?

That is a ranking based on cost.

It's only offered by one or two brokers and the cost of 0.11440% puts it above those mentioned.

[JimNasium]

This website http://dc-center.jp/checker/ has my annual iDeCo tax savings as 82,800 yen, but this website https://www.wam.abic.co.jp/contents/C1 ... u/top.html has it as 41,600 yen. I assume the second lower one is correct, but does anyone know which one is more accurate?

[pfdsa]

Hi everyone.

If I started contributing to my iDeCo in January of 2022, and then changed jobs at around June, would I need to submit any kind of papers to my new company, or change any settings on my iDeCo account?
To put it in another way, after applying to iDeCo and starting contributing to it, do I need to do anything if I change jobs?

Thanks to you guys finally started investing in my tsumitate NISA, and will probably top up next year's allowance in January/February. Therefore, will have leftover money to invest in the following months. As I still don't know if I will retire in here, I'm just playing around with this idea.

[adamu]

after applying to iDeCo and starting contributing to it, do I need to do anything if I change jobs?

Yes. Assuming you keep the same kind of pension, you need to submit two forms:

A change of employer form that lists your old and new employer, and re-confirms how much you want to invest every month. 加入者登録事業所変更届 (K-011). You need to ask your old HR department for their registration number if you don't already know it.
Another copy of the two-page "Employer registration form / Class 2 employee status confirmation" with the flow chart which confirms what your max investment limit is. 事業所登録申請書兼第2号加入者に係る事業主の証明書 (K-101A). Most of this form your new employer needs to fill out, but it's you that submits it to your broker (the same as the first time you opened the account).

Usually you need to request these paper forms from your broker.

[pfdsa]

after applying to iDeCo and starting contributing to it, do I need to do anything if I change jobs?

Yes. Assuming you keep the same kind of pension, you need to submit two forms:

A change of employer form that lists your old and new employer, and re-confirms how much you want to invest every month. 加入者登録事業所変更届 (K-011). You need to ask your old HR department for their registration number if you don't already know it.
Another copy of the two-page "Employer registration form / Class 2 employee status confirmation" with the flow chart which confirms what your max investment limit is. 事業所登録申請書兼第2号加入者に係る事業主の証明書 (K-101A). Most of this form your new employer needs to fill out, but it's you that submits it to your broker (the same as the first time you opened the account).

Usually you need to request these paper forms from your broker.

Thanks a lot for the answer! Very easy to understand.
Since I'm not sure yet, and will most likely change jobs in the near future, will probably invest the leftover money on a taxable account for now.