Selecting Funds for an SBI Select iDeCO
Posted: Tue Sep 24, 2019 1:07 am
Firstly, thanks for the wonderful website. What an amazing resource. This is my first post, so please excuse my ignorance.
I’m a UK citizen. 39 years old. Japanese permanent resident with a Japanese wife. Both working. No kids. Been here 6 years, and have no plans to return back to the UK. I sorted out back payment of my UK pension last year, and set up class 2 contributions, so I’m now set to receive full UK state pension upon retirement. (fingers crossed!)
I’ve been paying into Kokumin Nenkin for about 5 years. Having read the advice on this website, I plan to sign up for the Fuka Nenkin extra contribution ASAP. If I retire at 65 I’ll have 30 years of Kokumin Nenkin contributions.
Although the combined UK and Japanese state pensions are better than nothing, I urgently need to address the huge shortfall in my retirement income. I’m going to follow the advice given here and sign up for an iDeCo.
I fit into the self-employed category, so I can invest the full 67,000 per month (after the Fuka Nenkin deduction). This is a little bit of a stretch, but I’m going to try to make this maximum payment - I think it'll be a good motivator for making savings in my outgoings. If I can also find extra funds for a NISA down the line I will definitely look into this too.
I wonder what kind of return I can expect if I fully fund an iDeCo for 20 years prior to turning 60? If I select to receive an annuity, what monthly amount might I expect to receive?
For my iDeCo I’ve decided to go with SBI.
I’m now selecting funds. I read that it was good to try to diversify my investments, but this really is the limit of my knowledge.
These are the three funds I’m considering:
1. ((Domestic stocks)) eMAXIS Slim先進国債券インデックス 20%
2. ((International bonds)) eMAXIS Slim国内株式(TOPIX) 20%
3. ((International stocks)) eMAXIS Slim米国株式(S&P500)60%
Does this look like a reasonable selection?
Is the split about right?
Any advice very welcome indeed.
Thanks in advance!
I’m a UK citizen. 39 years old. Japanese permanent resident with a Japanese wife. Both working. No kids. Been here 6 years, and have no plans to return back to the UK. I sorted out back payment of my UK pension last year, and set up class 2 contributions, so I’m now set to receive full UK state pension upon retirement. (fingers crossed!)
I’ve been paying into Kokumin Nenkin for about 5 years. Having read the advice on this website, I plan to sign up for the Fuka Nenkin extra contribution ASAP. If I retire at 65 I’ll have 30 years of Kokumin Nenkin contributions.
Although the combined UK and Japanese state pensions are better than nothing, I urgently need to address the huge shortfall in my retirement income. I’m going to follow the advice given here and sign up for an iDeCo.
I fit into the self-employed category, so I can invest the full 67,000 per month (after the Fuka Nenkin deduction). This is a little bit of a stretch, but I’m going to try to make this maximum payment - I think it'll be a good motivator for making savings in my outgoings. If I can also find extra funds for a NISA down the line I will definitely look into this too.
I wonder what kind of return I can expect if I fully fund an iDeCo for 20 years prior to turning 60? If I select to receive an annuity, what monthly amount might I expect to receive?
For my iDeCo I’ve decided to go with SBI.
I’m now selecting funds. I read that it was good to try to diversify my investments, but this really is the limit of my knowledge.
These are the three funds I’m considering:
1. ((Domestic stocks)) eMAXIS Slim先進国債券インデックス 20%
2. ((International bonds)) eMAXIS Slim国内株式(TOPIX) 20%
3. ((International stocks)) eMAXIS Slim米国株式(S&P500)60%
Does this look like a reasonable selection?
Is the split about right?
Any advice very welcome indeed.
Thanks in advance!