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American Investor
Posted: Sun Aug 15, 2021 5:27 am
by japanlifer
Last month my [Japanese] wife and I both open Rakuten Securities accounts. When it came to opening NISA accounts I wasn't sure what to do so she opened a regular NISA and I [American] opened a Tsumitate NISA. I am thinking that we got it backward and she should have the Tsumitate NISA because of the bonds. Originally, I thought I could stick cash in there, but that seems like an iDeCo.
Are there benefits to sticking with a Tsumitate?
Re: American Investor
Posted: Sun Aug 15, 2021 5:49 am
by adamu
American's can't invest in Japanese mutual funds, which pretty much rules out both Tsumitate NISA and iDeCo for you.
More info here:
https://retirewiki.jp/wiki/United_States
Re: American Investor
Posted: Sun Aug 15, 2021 5:53 am
by JapaneseMike
japanlifer wrote: ↑Sun Aug 15, 2021 5:27 am
Last month my [Japanese] wife and I both open Rakuten Securities accounts. When it came to opening NISA accounts I wasn't sure what to do so she opened a regular NISA and I [American] opened a Tsumitate NISA. I am thinking that we got it backward and she should have the Tsumitate NISA because of the bonds. Originally, I thought I could stick cash in there, but that seems like an iDeCo.
Are there benefits to sticking with a Tsumitate?
If your wife is a US Green Card holder, she could be ruled out too....
Re: American Investor
Posted: Sun Aug 15, 2021 6:38 am
by Established
Also, there are no pure bond funds available with Tsumitate Nisa.
Re: American Investor
Posted: Sun Aug 15, 2021 6:42 am
by JapaneseMike
japanlifer wrote: ↑Sun Aug 15, 2021 5:27 am
Last month my [Japanese] wife and I both open Rakuten Securities accounts. When it came to opening NISA accounts I wasn't sure what to do so she opened a regular NISA and I [American] opened a Tsumitate NISA. I am thinking that we got it backward and she should have the Tsumitate NISA because of the bonds. Originally, I thought I could stick cash in there, but that seems like an iDeCo.
Are there benefits to sticking with a Tsumitate?
I might be jumping the gun here, but if you're here long enough to naturalize, and [judging by your screen name] you're here for life, then that would be one way to allow you to leverage the accounts properly.