S&S ISA Experiment – May 2021 Update

First update on my S&S ISA Experiment – I don’t know that I’ll actually do these monthly for the long term, but at least for now I’m curious to see how it’s doing. Quick recap of the experiment: Americans can’t hold index funds in a S&S ISA due to PFIC regulations 😦 But we canContinue reading “S&S ISA Experiment – May 2021 Update”

RMDs vs Lifetime Allowance – Which Alligator Should You Focus On?

Fair warning: this post is for people who have reason to be concerned about both RMDs and the Lifetime Allowance. If you don’t have a Traditional 401k/IRA/etc. balance or you have no concerns about exceeding the LTA, you can skip on past – just focus on the one that affects you. Also – this oneContinue reading “RMDs vs Lifetime Allowance – Which Alligator Should You Focus On?”

Managing the Lifetime Allowance

We learned a little bit about the Lifetime Allowance in my post on UK Pension Withdrawal Options – mostly by pointing to the excellent Monevator post on the topic. Today, we’ll dig a little bit deeper, to see how we might avoid paying HRMC an extra 25% of our hard earned savings. I’m going toContinue reading “Managing the Lifetime Allowance”

UK Pension Withdrawal Options

Continuing with our interlude from the Withdrawal Strategies series – this is the second of three posts: Required Minimum Distributions from Traditional IRA, 401(k), etc. and how to manage them UK Pension withdrawal options Managing the Lifetime Allowance (I added this one because it was going to be too long to fit in the others!)Continue reading “UK Pension Withdrawal Options”

How I Learned to Stop Worrying and Defuse the RMD Bomb

Time for a quick pause in my bigger Withdrawal Strategies series – there’s a few detailed topics we need to get to before we can get to Part 3, combining when you get access to accounts with how to minimize your taxes and get to your money. Before Part 3 will make sense, I’m goingContinue reading “How I Learned to Stop Worrying and Defuse the RMD Bomb”

Never Pay US or UK Taxes Again

This is Part 2 of our Retirement Withdrawal Strategies series. Part 1 is here. Or at least, get pretty close to paying nothing – might be hard to completely escape the tax man when you have to work in two systems at once! For a sample £900,000 portfolio at retirement, the difference between a goodContinue reading “Never Pay US or UK Taxes Again”

Retirement Withdrawal Strategies – Part 1

I’ve been thinking about this one for a while, trying to find a way to make it simple and straightforward. There’s already some great work out there on withdrawal strategies, including from GoCurryCracker and the Mad Fientist/JL Collins, but they’re specific to Americans in the US. You could work out a similarly simple approach forContinue reading “Retirement Withdrawal Strategies – Part 1”

US & UK Tax on Traditional to Roth Conversions

I’m working on a series of posts about retirement withdrawal strategies and managing US and UK taxes in retirement, and I keep drafting a comment that “I’ll do a post on Roth conversions in the future” – I’m just going to do it now 🙂 There’s already a lot out there about a Roth ConversionContinue reading “US & UK Tax on Traditional to Roth Conversions”

Social Security & State Pension

This is the last of my series on account types that Americans in the UK might use to save for retirement. US Social Security and the UK State Pension maybe aren’t accounts, strictly speaking, but they’re certainly worth understanding and considering how you’ll use them in your planning. I’ll start with an overview and comparisonContinue reading “Social Security & State Pension”

Intro to Buying a House in the UK

This post is a quick guide on purchasing a primary residence in the UK, focusing on the issues that are specific to US citizens living in the UK. I’m not going to cover second homes, buy-to-let, US properties, etc., nor will I go through the details of the UK homebuying process that aren’t unique toContinue reading “Intro to Buying a House in the UK”