US and UK Taxes – Which are higher?

The UK, right? Lots of people make the assumption that the UK is a high tax country, with a generous social safety net funded from those high taxes (some people I know would disagree with how generous – more than the US in a lot of cases, at least, but no Norway!). I wanted toContinue reading “US and UK Taxes – Which are higher?”

UK & US Savings Accounts (Account Options)

I’m lumping these together because there’s no practical difference, aside from the currency. These aren’t really investment accounts, but just to cover the rest of the universe of accounts that Americans in the UK might have. Synopsis Short term savings or emergency fund only – low interest rates, often below inflation. There might be someContinue reading “UK & US Savings Accounts (Account Options)”

US 529 College Savings Account (Bad Account Options)

Bad might sound dramatic, but this one is a bit of a conundrum – I really don’t see any positives, but plenty of headaches. Short answer – if you’re in the UK or thinking of moving sometime and you don’t already have a 529 for your kids, don’t open one. If you’ve already got one,Continue reading “US 529 College Savings Account (Bad Account Options)”

US Employer Pensions (401(k), etc.) (Account Options)

This is a big one – it might be limited in your ability to contribute moving forward, but for many Americans who move to the UK after starting their career in the US, you’ve got one or more employer pension accounts, possibly with substantial balances. For our purposes, the rules are pretty much the sameContinue reading “US Employer Pensions (401(k), etc.) (Account Options)”

My Asset Allocation (Part 2)

14Apr21: I edited my approach to where to put bonds, based on my post on Required Minimum Distributions. In Part 1, we discussed the first three of my six steps for asset allocation: Why are you investing? What are the goals? What broad asset categories do you want to invest in? Stocks vs bonds, US,Continue reading “My Asset Allocation (Part 2)”

My Asset Allocation (Part 1)

Many of you will already be familiar with the idea of asset allocation – I don’t need to repeat the excellent explanations already out there (here’s a great primer from Bogleheads), but I did want to explore how I arrived at my own asset allocation and how you might go about thinking of yours. IContinue reading “My Asset Allocation (Part 1)”

US Traditional IRA (Account Options)

This is an option with a big question mark, even if the question is answered favorably, it’s still relatively limited, but I wanted to include it in the list of account options to be comprehensive. I’d be interested in your thoughts about how you use it as an American in the UK, if you do.Continue reading “US Traditional IRA (Account Options)”

UK Premium Bonds (Account Options)

Premium Bonds are a very unique type of account – a savings account crossed with a lottery. I think they’re pretty neat, and a nice, safe way of making short term savings a little fun. Synopsis Premium Bonds don’t have any parallel in the US, so a quick explanation of how they work: you depositContinue reading “UK Premium Bonds (Account Options)”

UK Innovative Finance ISA (Account Options)

I’ll be honest, this isn’t one I’ve done a huge amount of research on, because I don’t see a good case for using one. I’ve just covered the basics below, for completeness and awareness. If anybody has found a good use for an Innovative Finance ISA in the portfolio of Americans in the UK, I’dContinue reading “UK Innovative Finance ISA (Account Options)”