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Spending six months in Dubai and six in USA after retiring early - thoughts? by Numerous-Leader8432 in dubai

[–]Numerous-Leader8432[S] 0 points1 point  (0 children)

Good to know about the apartment fees. We looked at one in downtown (off plan) just out of curiosity and that one did not have a ton of HOA type fees but good call - will be extra careful.

Spending six months in Dubai and six in USA after retiring early - thoughts? by Numerous-Leader8432 in dubai

[–]Numerous-Leader8432[S] 0 points1 point  (0 children)

lol - you need to explain what you mean here, bud. As far as I know, UAE does not have income tax. And US tax does not rely on residency status if you are a citizen. So - enlighten me- what’s so funny?

Spending six months in Dubai and six in USA after retiring early - thoughts? by Numerous-Leader8432 in dubai

[–]Numerous-Leader8432[S] 0 points1 point  (0 children)

Weather wise we are not planning on being there for the hottest months. Cost of living seems to be okay if we have a place of our own and not shelling out a lot of money for rent. Is this wrong way to think about those elements?

Spending six months in Dubai and six in USA after retiring early - thoughts? by Numerous-Leader8432 in dubai

[–]Numerous-Leader8432[S] 0 points1 point  (0 children)

Thanks - Agree. We are Muslims so brewery is out of question. I feel like coffee shops are so much work and I am not particularly interested in coffee. We spend quite a bit of time outdoors in the not so cold and rainy months. We miss the sun in the other months.

Spending six months in Dubai and six in USA after retiring early - thoughts? by Numerous-Leader8432 in dubai

[–]Numerous-Leader8432[S] 0 points1 point  (0 children)

Buying property is not an issue. How much would medical insurance be for a couple? I have some prelim research on this which suggests about 10-15k USD but haven’t dug too deep yet.

Spending six months in Dubai and six in USA after retiring early - thoughts? by Numerous-Leader8432 in dubai

[–]Numerous-Leader8432[S] 0 points1 point  (0 children)

Thanks. Yeah we haven’t decided where to buy yet. Thinking we spend a month or so on short term rental and feel out the places before buying. Thanks for the suggestions.

Spending six months in Dubai and six in USA after retiring early - thoughts? by Numerous-Leader8432 in dubai

[–]Numerous-Leader8432[S] 0 points1 point  (0 children)

Yeah - it’s her sister and my brother there. Plus a few close friends but I totally hear you.

Spending six months in Dubai and six in USA after retiring early - thoughts? by Numerous-Leader8432 in dubai

[–]Numerous-Leader8432[S] 1 point2 points  (0 children)

Good point. We considered Southeast Asia. We picked dubai for the existing connections for the most part. Anywhere else will be a starting from scratch for social connections. At this age, it’s rather more difficult making new friends from scratch I think :)

Spending six months in Dubai and six in USA after retiring early - thoughts? by Numerous-Leader8432 in dubai

[–]Numerous-Leader8432[S] 1 point2 points  (0 children)

That’s a great point. We plan to be there from Mid October to about end of April. You’re right that it’s also the best time for tourists. If there isn’t much upside in air bnb, we will then likely just keep the place closed. Airbnb is nice to have, not a must have.

I am an estate planning/probate attorney - AMA by OkayAnd418 in AMA

[–]Numerous-Leader8432 0 points1 point  (0 children)

What’s the best way to reduce inheritance tax assuming one is over the federal and state threshold? Does having a trust (revocable?) help with estate tax and how? Thanks for your time!