@S: Interesting! Are you saying that a postal address in SD suffices to be considered a resident there (no need for a 'brick house')? And how does it work if you can't work for your CA employer as an employee? I suppose you need to have freelance status?
Where to live to retire early?
@Concojones You have to sign a form that SD is your home, have an address, and provide a hotel or campground receipt saying you stayed there last night. Texas is also supposed to be set up for claiming residency with similar benefits. This is common for fulltime RVers.
If I was working somewhere and showing up in the office everyday, it wouldn't be very honest at least to say I lived in another state and probably not legal. In that case I imagine they would want to withhold tax for the state you are working in. I really don't know much about that issue though since it hasn't come up for me.
If I was working somewhere and showing up in the office everyday, it wouldn't be very honest at least to say I lived in another state and probably not legal. In that case I imagine they would want to withhold tax for the state you are working in. I really don't know much about that issue though since it hasn't come up for me.
@il-besa: do you know if Netherlands' 30% tax ruling is applicable to EU citizens from outside NL? I mean, if one is an EU citizen, does that prevent one from being considered an immigrant in NL?
Have you considered Switzerland? They are supposed to have low taxes and high salaries. I was a 100% IT guy and kind of drifted out into the business side of tech out of sheer boredom.. now I am tempted to go right back with the aim of becoming a consultant after a year or two. My former boss recently became one in Australia and I sure like what he is now making. I have 12+ years in IT, so shouldn't be too difficult doing it full time again.
Have you considered Switzerland? They are supposed to have low taxes and high salaries. I was a 100% IT guy and kind of drifted out into the business side of tech out of sheer boredom.. now I am tempted to go right back with the aim of becoming a consultant after a year or two. My former boss recently became one in Australia and I sure like what he is now making. I have 12+ years in IT, so shouldn't be too difficult doing it full time again.
How to Determine State Residency from eHow:
http://www.ehow.com/how_5127568_determi ... poses.html
Just because there is a website and you know some people who have done it does not mean that it is legal for state tax purposes. I personally am risk-averse. This comes from 17 years of litigation with the IRS. You do not want to mess with the tax people. They have all kinds of time and practically unlimited resources. Paula
http://www.ehow.com/how_5127568_determi ... poses.html
Just because there is a website and you know some people who have done it does not mean that it is legal for state tax purposes. I personally am risk-averse. This comes from 17 years of litigation with the IRS. You do not want to mess with the tax people. They have all kinds of time and practically unlimited resources. Paula
@ktn: yes 30% tax ruling is available for EU citizens too.
You need the company hiring you in Netherlands to apply for it and prove that you're an highly skilled immigrant.
Switzerland has nice salaries but also an high cost of living, I think Geneve is one of the most expensive cities in Europe according to some research...
Ciao
D
You need the company hiring you in Netherlands to apply for it and prove that you're an highly skilled immigrant.
Switzerland has nice salaries but also an high cost of living, I think Geneve is one of the most expensive cities in Europe according to some research...
Ciao
D
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Steve Austin
- Posts: 177
- Joined: Thu Jul 22, 2010 12:17 am
I use the same mail forwarding service as S, and can vouch that they provide excellent service. The value of the service is better than anything I've received from the USPS when I used to use PO Boxes.
I'm not an attorney, but casual reading has uncovered that there is a difference between legal domicile (something like permanent residence) and current (temporary?) residence.
I'm not an attorney, but casual reading has uncovered that there is a difference between legal domicile (something like permanent residence) and current (temporary?) residence.
In regards to Asia, Malaysia seems like a very feasible retirement location. My only issue is the heat - 90s and high humidity year round. I don't think I could take the heat. Weather aside, speaking only English is not an issue and has great healthcare and low cost of living. (good food too!)
I've considered Hong Kong, but property prices can be pretty severe.
I've considered Hong Kong, but property prices can be pretty severe.
I think this could be tied to my REIT suggestion as well.
Like Wyndam Worldmark, ERE REIT could own properties all over, mostly rent them out and reserve a few floors in the complex for those that have bought in to ERE. It's just a more private club.
I know it sounds at odds, but Japan would be the best place in Asia to me - especially the west coast. Not only do you have access to a great public transportation system (but u live really far away still), you have ferry access to all of SE asia, as well as access to the trans-lines that can take you to western europe if you go thru china/russia.
If you live in europe already, you have access to asia w/o flying, it just takes longer. When I thought about it, I thought maybe Australia, but in the end, just having a place in Europe counts for Europe and Asia. The same cannot be said for USA and access so south america...
Like Wyndam Worldmark, ERE REIT could own properties all over, mostly rent them out and reserve a few floors in the complex for those that have bought in to ERE. It's just a more private club.
I know it sounds at odds, but Japan would be the best place in Asia to me - especially the west coast. Not only do you have access to a great public transportation system (but u live really far away still), you have ferry access to all of SE asia, as well as access to the trans-lines that can take you to western europe if you go thru china/russia.
If you live in europe already, you have access to asia w/o flying, it just takes longer. When I thought about it, I thought maybe Australia, but in the end, just having a place in Europe counts for Europe and Asia. The same cannot be said for USA and access so south america...
@il-besa: True, CH is expensive.. but I am still tempted because the salaries are so much higher there than here in FI.
Do you get to pay into the Dutch pension system for 100% of that amount? In other words, does the tax reduction result in lower savings into the pension system too?
I know, I know.. for most planning ER a pension is a long way off. But I still consider it a plus because some day we will all be there.
Thanks in advance!
Do you get to pay into the Dutch pension system for 100% of that amount? In other words, does the tax reduction result in lower savings into the pension system too?
I know, I know.. for most planning ER a pension is a long way off. But I still consider it a plus because some day we will all be there.
Thanks in advance!
@ Muji: The weather (and pollution) seems to be the biggest issue in Asia, but it's only bad in the big cities. Even then, after a while, your body will get used to it. But if the low living costs get you years closer to your retirement plan, who cares?
@Jacob: Excuse my blunder. What is quant shop?
@Jacob: Excuse my blunder. What is quant shop?
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Concojones
- Posts: 117
- Joined: Fri Jul 23, 2010 6:57 am
I have lived in Taiwan for 10 years.
I pay no income tax. That's right zero. Qualified teacher positions are not taxed here.
Normal rate is 6 to 10%
There is no capital gains tax on the buying and selling of stocks.
Houses in the countryside are about 100,000 US dollars.
Food is cheap, healthcare is good [though not quite as good as Western countries] and the people are friendly.
It is quite hot and humid in summer, but not as tropical as Singapore or Thailand. It has many natural areas, though the cities, like most of Asia, are congested. It is much more advanced and friendly than the dog-eat-dog country of China.
Finally, after working here for 5 years you can qualify for permanent residency.
Questions??
I pay no income tax. That's right zero. Qualified teacher positions are not taxed here.
Normal rate is 6 to 10%
There is no capital gains tax on the buying and selling of stocks.
Houses in the countryside are about 100,000 US dollars.
Food is cheap, healthcare is good [though not quite as good as Western countries] and the people are friendly.
It is quite hot and humid in summer, but not as tropical as Singapore or Thailand. It has many natural areas, though the cities, like most of Asia, are congested. It is much more advanced and friendly than the dog-eat-dog country of China.
Finally, after working here for 5 years you can qualify for permanent residency.
Questions??
@Simon: I lived in Taiwan before, and have been thinking about returning to Taiwan after I switch from full-time work (in the US) to semi-retirement. The thing you mentioned, which I didn't think was possible is getting permanent residency. I didn't think it was possible without getting married. How does the process work? If possible, I would also second Taiwan as a great choice for retirement.
"Quant shop: an investment bank or hedge fund. They use complex mathematical models to analyze the market and valuate financial instruments. For that they need "quants" (mathematicians, engineers, PhD's, ...). They pay much more than the classical employers (e.g. a factory if you're an engineer)."
The last job posting I saw for a quant shop had advertised salary in the range of $600K. But to get it you needed (1) the math background, (2) the experience with financial models, and (3) experience with programming the financial models (real-time implementations)
Several schools like CMU have financial engineering masters where you can learn the math. I doubt though that they teach the required programming skills.
The last job posting I saw for a quant shop had advertised salary in the range of $600K. But to get it you needed (1) the math background, (2) the experience with financial models, and (3) experience with programming the financial models (real-time implementations)
Several schools like CMU have financial engineering masters where you can learn the math. I doubt though that they teach the required programming skills.
Hi tuixiuren,
It requires having a work visas for 5 years, and in that time you must be in Taiwan for a certain number of days per year. I am hazy on the exact number, but I have two acquaintances who have such visas.
To get a work visa you must have a job to give you a one year visa. I think the minimum number of hours per week to get a work visa is 22. To get initial entry you must have any University degree.
Perhaps take a look at tealit.com or Micheal Turton's Taiwan blogspot for further inquiries.
It requires having a work visas for 5 years, and in that time you must be in Taiwan for a certain number of days per year. I am hazy on the exact number, but I have two acquaintances who have such visas.
To get a work visa you must have a job to give you a one year visa. I think the minimum number of hours per week to get a work visa is 22. To get initial entry you must have any University degree.
Perhaps take a look at tealit.com or Micheal Turton's Taiwan blogspot for further inquiries.