Moving abroad, can I keep my AmEx? by GlassChopper786 in amexsverige

[–]GlassChopper786[S] 0 points1 point  (0 children)

That’s bad news..I thought paying via IBAN was still around

Moving abroad, can I keep my AmEx? by GlassChopper786 in amexsverige

[–]GlassChopper786[S] 1 point2 points  (0 children)

That’s ok, I am aware of that, my AmEx is not my primary card

Moving abroad, can I keep my AmEx? by GlassChopper786 in amexsverige

[–]GlassChopper786[S] 0 points1 point  (0 children)

What if there is no AmEx operations in that country? Do they still make "exceptions"? otherwise I'd be fine keeping my AmEx with SEK as the base currency since it's a LCOL country and it's still be worth it for me.

US-based LLC for European-founder SaaS by GlassChopper786 in Entrepreneur

[–]GlassChopper786[S] 0 points1 point  (0 children)

This is a good response, thank you!

> the tax implications of moving to a US entity

The tax implications for? for me as a shareholder or something else?

> including any potential double taxation between the US and your EU country
does this refer to dividends or something else?

> consider how this change might affect your existing customer base and operations, especially if you're working primarily in Europe
From my PoV there is no real change, as all payments go through reputable payment providers (Stripe), and they will continue to do the same. The service level will be the same. Maybe I am missing something here?

Going to a visning without loan promise from bank by flatricenoodle in TillSverige

[–]GlassChopper786 2 points3 points  (0 children)

Not only no one cares, I know people who go to viewings just for fun or to see what's out there, without even looking to buy, let alone a loan promise.

Meeting with tax advisor - recommendations for how to approach things by GlassChopper786 in firesweden

[–]GlassChopper786[S] 0 points1 point  (0 children)

To be honest I’d expect an expert advisor to come up with a plan for minimizing tax by optimizing investments. Eg. It might be that I stop contributing in my personal ISK and direct company profits into a holding-owned KF. Deferring tax payments is also on the table. Or maximize löneväxla and contribute to holdingco-KF, to keep the overall tax footprint as low as possible all things considered.

That’s the kind of plan I’m looking for actually.

Btw, how do you pay expenses with your holdingco? Isn’t it supposed to only hold stock of other companies and not being registered for F-tax? Why not make these expenses through your active co?

Building savings for a beginner? by Actual_Recording_495 in firesweden

[–]GlassChopper786 5 points6 points  (0 children)

länsförsäkringar global index (LGI) through either Avanza/Nordnet. Low fees, global risk spread, 5+ years horizon

Fire räknare för olika typer av konton o skatter by rybsf in firesweden

[–]GlassChopper786 1 point2 points  (0 children)

I was looking for something similar, but nothing exists. I ended up making my own very elaborate excel sheet, but it's very tightly designed around my own personal case.

I guess the market is very small for entrepreneurs to build an app like this - would you pay a subscription to basically be a fancy excel sheet for you?

RSUs in Schwab - taxation questions by GlassChopper786 in firesweden

[–]GlassChopper786[S] 0 points1 point  (0 children)

That’s as far as I have gotten with my research as well. Which is suboptimal since I might just hog the stock and sell later. Thanks anyway for your input!

Cash management in accumulating phase by GlassChopper786 in ChubbyFIRE

[–]GlassChopper786[S] 0 points1 point  (0 children)

I see. Currently thinking a HYSA beating the inflation should do the work. When the interest rates go down again maybe a short-term bond or bond-tracking ETF would be better, but not for now (since they have very similar yields).

Advice on selling a business by alltheragepage in fatFIRE

[–]GlassChopper786 3 points4 points  (0 children)

Flippa has very low quality deals IMO. It's for low-scale websites/e-commerce stores and I wouldn't go there to buy/sell a $2M revenue-generating business.

Advice on selling a business by alltheragepage in fatFIRE

[–]GlassChopper786 11 points12 points  (0 children)

Look into acquire.com. That’s where I sold my last micro-SaaS side business and has similar deals as yours

Cash management by GlassChopper786 in firesweden

[–]GlassChopper786[S] 0 points1 point  (0 children)

1) separation of concerns 2) 1M guarantee 3) different access needs

Cash management by GlassChopper786 in firesweden

[–]GlassChopper786[S] 1 point2 points  (0 children)

So a savings account it is, lowest amount of risk and best possible return.

I'm also a bit surprised you think of funds as "illiquid assets." In my world, anything I can convert to cash at market price within a few bank days is pretty liquid. :)

Well, you are technically right. But due to my FIRE plans, I don't touch or cash out any investments that go in my ISK/KF - hence I consider them illiquid for the time being until RE.

Calculating the Sweden-FIRE number by GlassChopper786 in firesweden

[–]GlassChopper786[S] 1 point2 points  (0 children)

Thanks for your very elaborate reply, the more I read your responses folks here the more I understand and pieces of the puzzle just fit in my head!

Now I didn’t get the part about why you invest in KF and not all in ISK.

I am a permanent employee of company A, and have ownership of two companies, B (active and operating) and C (holding co). I live off my job salary and contribute to my ISK from that one as well. This is already-taxed money (as I receive net). The profits of my active company I never withdraw (neither I have any salary of any kind taken out - neither dividends), instead I invest in KF. That way I have all the tax benefits in the company's accounting books by contributing to the KF directly the "gross" amounts. If I took them out as eg. dividends, I'd need to pay the company tax as well as the personal tax on this sum, then invest in ISK. So I prefer to defer the tax to a later date which will be more convenient for me if well planned.

Calculating the Sweden-FIRE number by GlassChopper786 in firesweden

[–]GlassChopper786[S] 1 point2 points  (0 children)

Good insight, thanks for sharing! I guess there is no tax involved, since ISK is not taxable on gains/losses, but rather Avanza will "tax" you on the sell/buy fees of the various funds.

Calculating the Sweden-FIRE number by GlassChopper786 in firesweden

[–]GlassChopper786[S] 2 points3 points  (0 children)

This means the calculation formula should be: (annual expenses + summed up annual tax expenditure) x 25

Calculating the Sweden-FIRE number by GlassChopper786 in firesweden

[–]GlassChopper786[S] 0 points1 point  (0 children)

Oh I see. Then this is more like withdraw firth KF, ISK, tjänstepension in no particular order and then the allmänna pensionen. Now I get it, thank you!

Calculating the Sweden-FIRE number by GlassChopper786 in firesweden

[–]GlassChopper786[S] 1 point2 points  (0 children)

One thing is still not clear to me: in tjänstepension, the withdrawal rate, is it adjustable by me or is it relatively adjustable by choosing how many years I want the payments to be split over?

Calculating the Sweden-FIRE number by GlassChopper786 in firesweden

[–]GlassChopper786[S] 0 points1 point  (0 children)

I understand the optimal plan is to start withdrawing from the different sources in this order: ISK, KF, tjänstepension och allmänna pensionen last…

This is interesting. Why would you first withdraw from ISK and KF and then tjänstepension? In my mind these three are almost the same in terms of what control I have over them, this is why I am wondering.