wongmunkeong,

Come on..

1) Technically, there is a time gap before a person is death versus LEGALLY DEATH. And, especially between country.

2) My spouse are told to move money out if I am in any possibility of dying..

Dreamer

Great if one knows when dying
OR
if both spouses don't go in an accident

Dude - for a planner, U are really subscribing to those plans/thoughts IF there are alternatives?
Plannign, executing, building... then a high possibility of legally losing half of a chunk at the end game... not my cuppa tea since that is one of the major reasons for me to build (to give back)

This post has been edited by wongmunkeong: Jan 15 2015, 08:54 AM

wongmunkeong,

Come on...

1) There is a plan A, B, C and so on...

2) That is plan A.

3) There is always plan B like will and living trust and so on..

4) Then, there is plan C like what to give away and how to give away some portion of your money before you ended up with estate tax and so on...

<<then a high possibility of legally losing half of a chunk at the end game.>>

5) Seriously, I do not think you actually have spend enough time studying this subject.

Both of my children have investment in mutual fund now.

Dreamer

P.S.: For those kind of stuff and if a person has enough money to worry about, a person will engage professional to deal with it. This is the kind of stuff that I use professional help. And, it is not the kind of stuff that you can advice a person in a forum.

This post has been edited by dreamer101: Jan 15 2015, 09:03 AM

Dreamer - pls read & digest your initial response to my posting.
Did U state that that is Plan A or now back pedaling?
Oh well, since your initial response was NOT as what U posted apparently, yeah - engage professional services.

My responses to you was based on:


Note that my post to our fellow forumer was just to be aware of estate / death taxes before growing the amount to large to move / restructure easily.

wongmunkeong,

You really have one track mind...

1) There are multiple kinds of accounts and assets. For bank account and stuff, the best way is to get the money out immediately.

2) Then, you have house, mutual funds and others.. Those, you have to deal with beneficiary, trust, will and so on..

3) So, there are multiple kinds of accounts and assets. A person PLAN AHEAD and engage professional to set all those stuff ahead of time.

So, where the heck did I say that I ONLY do one thing??

<< Note that my post to our fellow forumer was just to be aware of estate / death taxes before growing the amount to large to move / restructure easily.>>

Those kind of stuff are TOO COMPLICATED to give anyone advice anyhow. For anyone in Malaysia with SIGNIFICANT ASSET, that person will not keep everything in Malaysia. So, the person will have to deal laws from multiple countries.

Dreamer

Yeah - one track mind because the item was on:


But if you're expanding and changing the ambit during your response to my posting, shouldn't one be more specific?
Or no - we're all to know and be mind readers?

wongmunkeong,

1) On that specific item, anyone with user id and password can transfer the money out to some other A/C. The only issue is do you have someone that you can trust to do that for you and your wife if both of you are gone?? In any case, you need to document all those stuff and entrust to someone if your children are young. It is an online account.

2) Or, you can do primary and secondary beneficiaries and so on...

http://discuss.morningstar.com/NewSocializ...s/t/319240.aspx

Dreamer

hi bro, can share which website?

no website. need search watever company u interested.

You can try Interactive Brokers or TD Ameritrade

any way to get around the withholding taxes?

Interactive brokers requires a minimum amount of 10000 USD, not sure about TD Ameritrade

If you use Interactive Brokers for example, you can purchase alternative ETFs - such as VUSD/VUSA listed on LSE and domiciled in Ireland, this halves withholding taxes.

eg. instead of SPY, purchase
Yes, IB is minimum $10000 USD, TD Ameritrade I think less.

so how now?
have u sold ur bond and buy more equity etf?

If i understand correctly... u need to do rebalancing once a year so it depends on when will be his yearly rebalancing... no need worry how now...

Not once a year.

Its depend on situation, let say now the market is going other way, so he will rebalance the allocation accordingly.

I'd agree with that. Large movements might conjure up some interesting opportunities.

Folks,

I do both.

1) I re-balance once a year.

2) I may re-balance if the movement is too large. I do 5/25 band re-balancing.

5 -> If the asset went up or down more than 5% of the allocation. For example, from 35% to 40%

25 -> If the asset went up or down more than 25%.

Please note that for every asset, only either 5 or 25 applies...

For asset that is 20% of the portfolio, both 5/25 is the same number.

For asset that is less than 20%, 25% rule applies

For asset greater than 20%, 5% rule will hit first.

Dreamer

Now what ur asset is equity vs bond allocation now

MNet,

64 / 36.

Dreamer

P.S.: Please ask me the REAL QUESTION that you want to ask.

This post has been edited by dreamer101: Aug 25 2015, 10:02 AM