iDECO for newly self-employed
Posted: Thu Oct 31, 2019 3:39 am
FIRST POST - be nice please
I have been a "Couch Potato" investor (Millionaire Teacher) in banks outside of Japan for a couple of years (SAXO Singapore + InvestNow in New Zealand). A few months ago, I decided 100% to retire in Okinawa .
MY FINANCIAL SITUATION: I am self-employed, but my current income - outside of the overseas investments - is so low that my health insurance is under my wife's name.
MY FINANCIAL GOAL: Bring most of my overseas investments into Japan in two ETFS:
1. A world index: (https://emaxis.jp/fund/253425.html) *70-80%
2. A developed country government bond index: (https://emaxis.jp/fund/252489.html) *20-30%
TWO QUESTIONS:
1. Are these funds compounding/plowback/"special dividend"? *PREFERRED*
2. If I apply for iDECO as a dependent to my wife's insurance, would I be categorized as Self-employed or as a Housewife ( )?
3. If the latter, should I wait until I can afford to pay my own insurance & pension or are their benefits to be categorised a housewife ( )?
This probably doesn't apply to many investors on this forum (which btw has been REALLY helpful - THANK-YOU, Ben Tanaka!) so...many thanks in advance for your educated responses.
Oki-J
I have been a "Couch Potato" investor (Millionaire Teacher) in banks outside of Japan for a couple of years (SAXO Singapore + InvestNow in New Zealand). A few months ago, I decided 100% to retire in Okinawa .
MY FINANCIAL SITUATION: I am self-employed, but my current income - outside of the overseas investments - is so low that my health insurance is under my wife's name.
MY FINANCIAL GOAL: Bring most of my overseas investments into Japan in two ETFS:
1. A world index: (https://emaxis.jp/fund/253425.html) *70-80%
2. A developed country government bond index: (https://emaxis.jp/fund/252489.html) *20-30%
TWO QUESTIONS:
1. Are these funds compounding/plowback/"special dividend"? *PREFERRED*
2. If I apply for iDECO as a dependent to my wife's insurance, would I be categorized as Self-employed or as a Housewife ( )?
3. If the latter, should I wait until I can afford to pay my own insurance & pension or are their benefits to be categorised a housewife ( )?
This probably doesn't apply to many investors on this forum (which btw has been REALLY helpful - THANK-YOU, Ben Tanaka!) so...many thanks in advance for your educated responses.
Oki-J